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Dubai Industrial Park (Dubai Industrial City) is a designated district within of Dubai Wholesale City, one of the largest industrial hubs in Dubai. DIC was established with the objective of fast-tracking growth and expansion of the industrial sector in the United Arab Emirates – especially seeking to attract players in the light and medium manufacturing sectors with specific emphasis on food and beverage, base metals, transport equipment and parts, machinery and mechanical equipment, workshops, logistics, chemicals, and mineral products.
Management audit helps in decision making areas such as make or buy, closing down of an unit, acquisition of a business, etc.
Helps too identify the weaknesses and inefficiencies of management in different functional areas, such as production, sales, finance etc.
To critically review the organization structure.
Management audit suggests ways to utilize the resources of the organization effectively.
To evaluate the ways for improving the management efficiency and to select the best are the some of the objectives of management audit.
Management auditors requires information for the appraisal of various Managerial aspects.All information about the company will be collected.
The Management auditors should carefully examine the information may also be required to reach certain conclusions. The information should be carefully studied to ascertain the real position of organisation.
The information collected by management auditor should be compared with the objects and standards set earlier. Sometimes, information is compared with that of previous years. This will give on idea of actual performance of the entetprise. This will help in assessing the comparative performance of the unit.
The auditor prepares a report detailing the findings of the audit. Included in the report are mathematical errors, posting problems, payments authorized but not paid and other discrepancies; other audit concerns are also listed. The auditor then writes up a commentary describing the findings of the audit and recommended solutions to any problems.