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which is the most important accounting function to an organisation: performance management or auditing and assurance?

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Question added by asi ngoh , auditor , management consulting audit
Date Posted: 2013/09/21
Ahmed Tharwat
by Ahmed Tharwat , general accountant , Ocean Kitchen Furniture Fix IND.LLC

1- Management accounting :

 

The purpose of management accounting in the organization is to support competitive decision making by collecting, processing, and communicating information that helps management plan, control, and evaluate business processes and company strategy. 

2- Internal auditing :

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectivness of risk management, control and goverance processes .

Thank you

Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

Performance management

umer zubair
by umer zubair , international sales executive , digital globe service

in my opinion auditing and assurance.as it increases the performance management by itself.

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