Cost Audit
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? The propriety audit is confined to examine the validity of appropriations or is concerned with verifying that there is no leakage…
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…
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…
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…
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…
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…
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)…
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…
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.
