JANINE JOY M.

ORPILLA

ACCTG 339

1. What is Managerial Consultancy?

Independent and objective advisory services provided by qualified persons to clients.
Recommend solutions or suggested actions with respect to the issues involved. Helps to effect
constructive change in the organization.

2. What is Management Advisory Service?

Management advisory services are consulting services performed by a specialist organization for its
clients. These services are intended to provide advice regarding the operations and finances of clients.
The services may address any of the following areas:
 Asset valuation  Mergers and acquisitions
 Business strategy  Organizational structure
 Computer systems  Process analysis
 Litigation support  Risk management
A CPA firm may provide management advisory services if this group is separated from the auditing and
tax functions.

3. Enumerate the reasons hiring management consultants?

 Specialization in different areas

 Improvement of business education
 Change in the management culture
 Technical improvement

4. What are the characteristics of MAS?

 Corrective
 Progressive
 Opportunistic

5. What are the scopes of MAS?

The nature and scope of consulting services are based upon agreed upon procedures. While the scope
of consulting engagements is often narrower than audits the same standards of independence,
objectivity, and due professional care are applied.