Cost Audit Programme
The
auditor should clearly understand the
cost system in operation in the company concerned. The Companies Act has not
laid down the procedure in which the cost audit is to be conducted and what the
Cost Auditor is expected to do. It appears that it has been left to the
discretion of the government or the company concerned to issue necessary
instructions covering these points in
each individual case at the time of appointment of the cost auditor. The
auditor should study these instructions if they have been issues.
The Cost Auditor should pay his attention to the following
records:
>Records of Materials.
>Labor Records.
>Records of Overhead Charges.
>Work-in-Progress Records.
>Incomplete Contracts.
> Stores and Spare Parts Records.
❤❤❤❤❤❤❤❤❤❤❤👍👍👍👍👌👍👍
ReplyDeleteSuper.. Nice Topic
ReplyDelete