How will you appraise each of the following as an internal auditor: (i) Management decisions

(i) In appraisal of management's general decisions the following steps should be considered - Whether the management decisions are well defined or not; Whether the objectives and desired output has been set out clearly and relate explicitly with the policy or strategy adopted by the company to help in post even evaluation of the decisions; Whether the decisions are specific, measurable, agreed, realistic and time-dependent; Whether the management has considered the risk associated with the decisions, time availability, scale and location, scope for alternative arrangements; Degree of involvement of regulators and civic bodies; Capacity of the market to deliver the required output; Alternative asset uses, Use of established technology; Environmental issues.