Management audits, also known as Management Audits (MAs), are a governance practice used to ensure the proper and timely resolution of critical situations in public and private entities. These audits are often implemented as a result of high debt ratios, lack of capital, and market crises in certain industries. Governments have taken positions in the ownership and/or management of companies to rescue them or avoid major system failures due to financial downturns, and have had to create new companies, financed by public and private capital, to ensure the recovery of key national activities. The lack of public funding and other reasons have also increased the development of public-private initiatives to develop diverse business activities to cover social necessities, which, in case of failure, should also be rescued by governments. Additionally, the necessity and urgency to impose major control and surveillance on public expenditure has increased due to the lack of public funding.
