Tag Archives | Cost Audit

Essay on Cost Audit | India | Auditing

Here is an essay on ‘Cost Audit’ especially written for school and college students. Essay # 1. Definition of Cost Audit: 1. “Cost audit is the verification of the correct­ness of cost accounts and of the adherence to the cost accounting plan.” [ICMA Termmology] 2. “Cost audit is an audit of efficiency, of minute details […]

Cost Audit: Meaning and Objectives | Auditing

In this article we will discuss about:- 1. Meaning of Cost Audit 2. Objectives of Cost Audit 3. Important Legal Provisions as to Cost Audit 4. Cost Audit Report Rules, 1996 5. Cost Accounting Records. Meaning of Cost Audit: The terminology issued by the CIMA defines Cost Audit as “the verification of the correctness of […]

Cost Accounting Records Rules: Subject Matter and Classification

After reading this article you will learn about Cost Accounting Records Rules:- 1. Subject-Matter of the Cost Accounting Records Rules 2. Classification of the Cost Accounting Records Rules. Subject-Matter of the Cost Accounting Records Rules: The Companies (Amendment) Act of 1965, under its Section 209(1)(d), incorporates a provision that proper books of account in the […]

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