Which term refers to the process of reviewing governing documents and existing policies?

The term that refers to the process of reviewing governing documents and existing policies is "management audit." A management audit encompasses a comprehensive evaluation of the organization’s operational procedures, policies, and governing documents to ensure they are effective, compliant, and aligned with the community’s objectives and legal requirements. This process is crucial for identifying areas of improvement, ensuring adherence to regulations, and enhancing overall management practices within a community association.

In contrast, a management plan typically outlines the strategies and actions the management intends to take for effective community operation but does not focus specifically on reviewing existing documents. A management contract is a legal agreement between the management company and the community association detailing the services to be provided, while an employment agreement pertains to the terms of employment for staff and does not involve the review of community documents. Thus, "management audit" is the most suitable term for the process described.