The importance of controlling function of managment are as follows:
(i) Accomplishing organisational goals: The controlling function measures progress towards the organisational goals and indicates deviations to take any corrective action. This helps in reducing the gap between expected and actual results and in this way helps in achieving the organisational objectives.
(ii) Judging accuracy of standards: An efficient control system enables management to verify whether the standards set are accurate or not by checking the changes taking place in an organisational environment carefully. Managers always compare the work done with a set of provided standards defined for the work and determine whether the set of standards are effective or there is a need for improvement in the standards that will lead to more accurate determination of process efficiency.