Ashok S Zawar & Company

Management audit is a very recent concept in the field of auditing. It is a kind of a self-renewal exercise which can be initiated by the management itself or can be done with external help of experts in the field. The process of Management Audit involves complete examination of managerial functions. The next step is to 
evaluate the role of management in achieving the goals of the organizations. It is a tool to measure the efficiency of the management team. Management Audit
helps to attain the following:

• Comparison of managerial functions and their outcome with the standard procedures and goals.
• Establish current level of effectiveness.
• Identify problem areas.
• Initiate corrective steps.
• Lay down standards for future performance.

Management Audit helps in attaining a competitive edge by critically evaluating the strategy, systems and processes.

The regulatory authority has set certain limits above which organizations are required to get their accounts audited. Under various kinds of statutes, all the 
businesses or entities require to have their accounts audited properly. Apart from providing high quality audit services, our team of chartered accountants, 
harmonize the financial aspects and offer the following:

• Fair and reasonable view of the accounts.
• Improvement in the system with regards to any weakness.
• Views and accounting treatment with respect to any complex transaction.
• Expert views on any changes or amendments in the statute affecting the organization.

Internal audit involves in-depth understanding of the business system and processes. Internal Audit activity ensures that the internal control systems are 
accurate and adequate enough to assist in meeting the organization’s objectives and goals. After conducting an exhaustive check, our team shall offer the following:

• Critical Analysis of the internal control system.
• Views on adequacy of internal controls.
• Systematic and disciplined approach towards Risk Management.
• Effectiveness and efficiency of the reporting structure.
• Information about leakages in the accounting system and any other underlying weakness in the system.