Archive | Cost Auditor

Cost Auditor: Rights and Duties

After reading this article you will learn about the rights, powers and duties of the Cost Auditor.  Rights and Powers of a Cost Auditor: According to Section 233B (4) of the Companies Act, 1956, the cost auditor 'shall have the same powers and duties in relation to an audit conducted by him under this section as an auditor of a [...]

By |2016-06-14T08:47:17+00:00June 14, 2016|Cost Auditor|Comments Off on Cost Auditor: Rights and Duties

Top 3 Roles of a Cost Auditor

This article throws light upon the top three roles of a cost auditor. The roles are: 1. As an 'Agent' 2. As an 'Officer' 3. As a 'Servant'. Role # 1. As an 'Agent': If the basis of appointment of the auditor by different parties is the criteria to establish relationship among different persons who are parties to the respective [...]

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Top 3 Responsibilities of a Cost Auditor

This article throws light upon the top three responsibilities of a cost auditor. The responsibilities are: 1. Professional Responsibilities 2. Ethical Responsibilities 3. Legal Responsibilities. Responsibility # 1. Professional Responsibilities: The Council of the Institute of Cost and Works Accountants of India has cast upon the cost auditors the following nature of responsibilities. (i) Responsibility to clients and confidentiality: He [...]

By |2016-06-14T08:47:17+00:00June 14, 2016|Cost Auditor|Comments Off on Top 3 Responsibilities of a Cost Auditor
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