Annual management review is more of summarizing the year's data (or whichever period make sense to you) and making your management team or anyone relevant to food safety aware of how you did for the year (or period) such that you review the trends, complaints, deviations encountered, any recurring deviations that weren't addressed yet and causing issues? Do you have some S.M.A.R.T goals for food safety - say how many complaints in a year? did you met them? why or why not? or did you close all work orders in a required time frame? why or why not? These are the things you review or look into during management review -- your overall food safety program status - is it ok? barely okay? needs improvement? or you're failing? Your management needs to know and be aware of all these things so food safety certification is not just a paper to wipe their a** off.
While internal audit is an audit - monitoring or verification that your procedures and processes are in place. This can be done using checklist etc. matched against the SQF clauses. You use internal audit as a measuring tool, a gauge of your food safety compliance - you summarize the trends for all the internal audit conducted at the end of the period and this is what you use to come up with data for the management review.
I think you're just confused with the format of using a checklist -- both can be done using a checklist, but these two have different content and purpose.