issmart said:
What is the difference between management review and internal audit?
What is the involvement of people in these two? do they involve all the people? What is the contents of these two(items to be assessed)? Which of these two come first?
Welcome to the Cove!
Think of it like a big city newspaper. The reporters are the auditors and the editors are the managers. The reporters go out and gather information. Some have fixed beats: local politics, police blotter, health care, human interest, etc. and some are free lance who pick up stories wherever they can.
The reporters turn in their stories to the editors who make management decisions whether to ignore the story, run it as is, or assign additional reporters to a big, breaking story.
Similarly management review takes the reports of auditors and free lancers (suggestion box?) and decides whether to leave the processes in place, make minor adjustments, or make a major change. The audit committee gathers info, the management committee decides what to do with the info.