Management Practices Reviews and Audits

Management Practices Reviews vs. Audit Assurance Projects

In considering the findings and recommendations of Management Practices Reviews, it is important to distinguish between reviews and audit engagements as the level of assurance obtained and the extent to which findings may or may not be extrapolated is very different.

Management Practices Reviews are conducted to provide valuable high-level information to stakeholders and to serve as a risk assessment that can lead to further audit work, including, rarely, forensic audits.

The findings obtained from a review can be used to indicate specific strengths and areas for improvement but cannot be reliably extrapolated with the high level of assurance that an audit can provide.

In summary, Management Practices Reviews are intended to inform and improve management and Audits are intended to provide management with the assurance that resources are used effectively and efficiently.

2014-2015

2013-2014

2012-2013

2011-2012

2010-2011

2009-2010

2008-2009

2007-2008

 
 
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