Definition
A management audit is a comprehensive evaluation of an organization's management practices, processes, and performance. It involves assessing the effectiveness of management structures, leadership, decision-making processes, communication channels, and resource allocation. Management audits help identify strengths, weaknesses, and areas for improvement in management practices and contribute to overall organizational effectiveness.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.