Management means directing businesses, government agencies, foundations, and many other organizations and activities .The central idea of management is to make every action or decision help achieve a carefully chosen goal .The need for management has increased as modern business become more complex.
Auditing does not go anymore through a channel that handles only figures, expenses and statement of accounts beyond controlling; the chartered accountant’s function becomes the essential pillar of decision-making, besides he manages all effectuated operations in the enterprise. His daily work consists of organizing, verifying, estimating and correcting accounting and accounts of all kind in his own name and under his responsibility.
This specialization entails the following disciplines:
– Accounting (General accounting – Cost accounting – Banking – Companies accounting –
Special accounting – Superior and detailed accounting – Auditing & Applied taxes).
– Finance (Financial Mathematics – Financial analysis – Statistics & Probability – Management of objectives and budgets).
– Business (Marketing – Management – Economic – Office automation – Information systems).
– Law – Data processing & computing systems.
The private as well as the public sector are constantly seeking for managers and administrators in auditing who work in financial and management services. The chartered accountant has the choice either to work in an enterprise or to have his own business in Auditing.