What is Social Audit? Objective, Advantages, Report
Social audit may be defined as a commitment to systematic assessment of and reporting on some meaningful, definable domain of a company’s activities that have social impact.
What is Propriety Audit? Definition, Functions
What is Propriety Audit? The propriety audit is confined to examine the validity of appropriations or is concerned with verifying that there is no leakage of revenue and wastage of…
Objectives and Scope of Management Audit
Objectives of Management Audit The basic objectives of the management audit can be briefly stated as under: To identify the overall objectives of the organisation.To find out the extent to…
What is Management Audit? Definition, Advantages, Characteristics
What is Management Audit? Management Auditing is a method to evaluate the efficiency of management at all levels throughout the organisation or more specifically, it comprises the investigation of a…
What is Cost Audit Programme? Need, Specimen
What is Cost Audit Programme? Cost audit programme is a detailed plan prepared by the cost audit showing how various stages of the cost audit work are to be completed…
Role & Responsibilities of Cost Auditor
Role of Cost Auditor In order to perform his work as a cost auditor, a cost auditor should clearly understand his position and also what he is expected to do.…
Duties & Power of cost auditor
Duties of cost auditor The Companies Act, 1956 does not mention duties of a cost auditor clearly. Section 233B(4) states that the cost auditor shall have the same powers and…
Cost Auditor: Appointment, Qualifications, Disqualifications
A Cost Accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who holds a valid…
What is Efficiency Audit? Objectives, Purpose, Scope, Report
Cost Audit has two important phases. The first phase is known as Efficiency Audit and the second phase is known as Propriety Audit. Let us consider information about these two…
What is Cost Audit? Definition, Objectives, Advantages, Disadvantages
Cost Audit means the checking and verification of the cost accountancy books, records, statements, reports and other data related to the cost of a product or service being provided by a business unit.