Management Audit Checklist Templates

In this article

• Importance
• 4 Steps on How to Conduct a Management Audit
• FAQs About Management Audit
• SafetyCulture (formerly iAuditor) Management Audit Checklist Templates
• Featured Management Audit Checklist Templates

Importance

A well-implemented management system can empower a management team to work and communicate effectively, minimize risk, lower employee dissatisfaction, and reduce wastage. Key benefits of performing a management audit are the following:

• Identify strong and weak points of the management system;
• Improve communication protocols;
• Minimize cost of production by eliminating wastage;
• Utilize manpower efficiently;
• Improve safety and compliance standards;
• Identify defects and irregularities from the administration; and
• Determine better solutions to achieve the desired goals.

4 Steps on How to Conduct a Management Audit

The following are the four major steps to auditing top management:

Step 1: Choose questions to ask

The first step in conducting a management audit is to determine what questions to ask in interviews. Though this may seem simple, asking people the right questions will surely make a difference. Once questions are finalized, proceed with interviewing the organization’s employees. If using only one set of questions for employees and another one for management, note the differences in answers across different departments and job types. 

Step 2: Validate information

The second step in conducting a management audit is to validate information gained from interviews by observing. Whether the observation is only for the day or a longer period of time, use a checklist of items to look out for such as problem areas or flagged issues. Ideally, this should be a digital checklist so that it’s easy to access and edit on-the-go.

Step 3: Check existing documents

The third step in conducting a management audit is to examine documents such as financial statements and other records of the organization’s processes. In addition to the evidence obtained in the previous steps, these documents can back up the auditor when presenting their findings to the organization’s management team.

Step 4: Analyze the data

The fourth step in conducting a management audit is to analyze all of the data collected. While this step can be a headache if using paper for conducting the audit, it can be much easier with audit management software. Though it can be difficult for old-school auditors to transition to using software as opposed to paper, doing so will not only help them, but also the organizations they audit in understanding audit results.