The process of identifying waste and deficiencies within an organization is part of what type of review?

The process of identifying waste and deficiencies within an organization is best characterized as a Management Audit. This type of review focuses on assessing the effectiveness and efficiency of management processes, including how well an organization utilizes its resources. A Management Audit emphasizes overall organizational effectiveness and outlines areas where improvements can be made, particularly regarding the policies, procedures, and practices in place.

This type of audit involves evaluating whether the management is conducting its affairs optimally and aligning its goals with the organization's objectives. It goes beyond just financial considerations and incorporates evaluations of staff, operations, and governance. By identifying waste and inefficiencies, organizations can implement changes to enhance performance and increase productivity.

Other types of audits serve different purposes. For instance, a Performance Review primarily assesses individual or departmental performance against set objectives but does not focus comprehensively on waste and deficiencies at an organizational level. An Operations Audit specifically analyzes the efficiency and effectiveness of operational processes but may not cover the broader management evaluation scope that addresses organizational strategies and leadership effectiveness. A Financial Audit focuses solely on financial records and compliance with accounting standards, leaving out the qualitative assessments inherent in management reviews.