Management audits provide us with the organization with several & immediate advantages, as well as executive-level supervision. Changes are growing more common and more sudden as the market world gets more dynamic. Therefore it is of utmost importance to periodically evaluate the efficacy, performance, profitability and competitiveness of the business. Management Audit services seek to offer detailed, unbiased, credible and precise evaluations of the efficacy, performance, competitiveness, and ability of the organization to respond to macro-environmental changes.

Management evaluations by a impartial third party ensure a real & equal review and interpretation of the status quo. Due to the individual feedback about his/her personal strengths and weaknesses the executive manager has the ability to establish a verified basis for his/her further career-and personal development.

Management assessments offer information on the quality and ability of the company. They offer the chance of accurate comparisons over layout and consistency (benchmarking) with other firms. In many other terms, management audits act as an unaffiliated framework for decision-making to delegate and grow executive managers 'identities.

Area of application of management audits are:

  • Merger and restructuring processes focus on how positions should be filled in general.
  • Drawing up significant management statements following various changes in strategy.
  • Benchmarking / Due diligence analysis is done for the determination of the company’s position among
  • competitors also compared with best practice.
  • Advise the organization surrounding mechanisms of growth and succession planning.

What ASPA provides

ASPA is experienced in Management Audits, which are performed mainly to provide company managers with a simple, thorough and objective review of the organization's organizational performance and effectiveness, and to identify potential areas for improvement. We, at ASPA, to the great extent, believe in Management Audits being a value addition exercise rather than a mere compliance exercise.

ASPA firmly believes in providing value added services through highest levels of professional competence and integrity to its clients. Our Compliance Review programs are tailored to fit particular customer unique specifications. It provides assistance to clients in managing their key business matters, be it achieving strategic business objectives, meeting operational challenges, in compliance with regulatory norms or managing reporting requirements.

Bearing in mind the structure for risk management, our management audits implement the "Risk Based Audit" (RBA) approach as well as and several other tools and methods for achieving the audit objectives. Our management evaluations rely on:

  • Evaluating existing business procedures, policies and practices to recommend best practices including a complicated process of benchmarking.
  • Relevant assessment of internal controls established by various organizations and suggested areas for stabilizing
  • Review & Assessment of the Framework for Risk Management and its implementation in order that will provide recommendations for improving the Framework.
  • Review of existing business processes, policies and practices with a view to suggest best practices, including a thorough benchmarking exercise.
  • Providing goal-oriented and realistic approaches accompanied by encouraging their execution
  • Constructive analysis of activities by holding the strategic needs of the customer in mind
  • Determination and guidance on areas of cost control, sales management and organizational performance enhancement accompanied by assistance in their execution.
  • Verification of conformity with the numerous regulatory requirements and operating guidelines
  • Providing assistance in meeting the clients’ Corporate Governance needs

Our offerings provide

  • Co-sourcing and complementary internal audit feature, along with the established skills and strengths of the company organization.
  • full outsourcing of management audit feature
  • Coordinating parallel audits of specialized teams with more oriented activity audits as well as on-line audit / pre-payment audits
  • Implementation of internal audits through scrutinizing company processes, events, roles etc.
  • Secretariat of workers to improve the company organization's internal audit role.
  • Investigations performs specific intent forensic audits.
  • Techno Commercial Concurrent