This article throws light upon the top seven check points to be considered before doing cost audit. Some of the check points are: 1. Reconciliation of Cost and Financial Accounts 2. Pollution Control/Effluent Treatment 3. Utilities 4. Utilities other than the above (e.g., Refrigeration, Humidification, Air-Conditioning Compressed Air, Nitrogen, Brine, Oxygen, etc.) and a few others. Check Points to be [...]
This article throws light upon the top ten check points for auditing cost accounting records. Some of the check points are: 1. Direct Materials, Including Process Materials 2. Finished and Semi-Finished Components 3. Consumable Stores Tools and Spares 4. Wastages, Spoilages, Defectives, Rejection, etc. 5. Salaries and Wages 6. Depreciation 7. Work-in-Progress and Finished Goods Stock and a few others. [...]
This article throws light upon the top fourteen check points for cost auditor. Some of the check points are: 1. Modvat 2. Royalty/Technical Know-How Fee 3. Research and Development Expenses 4. Packing 5. Interest 6. Expenses/Incentive on Export 7. Overheads 8. Conversion Cost 9. Captive Consumption 10. Capital Works Carried out Departmentally 11. Credits for By-Products and a few others. [...]