Management advisory services MAS

{
  "id": "MLC-T-INS-002111",
  "term": "Management advisory services MAS",
  "field": "Insurance and risk management",
  "definition": "Professional consulting services provided to an organization's management to improve its strategy, operations, governance, and risk management processes. These services extend beyond traditional auditing and can include activities like developing internal control frameworks, conducting enterprise risk assessments, and advising on regulatory compliance. Certified Public Accountant (CPA) firms that provide Management Advisory Services (MAS) must adhere to strict independence rules when also performing audit functions for the same client.",
  "url": "https://mlchart.com/terminology/insurance/management-advisory-services-mas/"
}