Tag Archives | Cost Audit Report Rules

Forms of Cost Audit Report: 5 Paragraphs

This article throws light upon the five paragraphs relating to the forms of cost audit report. Cost Audit Report: Form # 1. Paragraph 1: The cost auditor is asked to state specifically (positively or negatively): (i) Whether all information and explanations necessary for the purposes of Cost Audit were obtained or not; (ii) Whether proper […]

8 Main Annexures to Cost Audit Report

This article throws light upon the eight main annexures to cost audit report with their respective explanations. The annexures are: 1. General 2. Cost Accounting System 3. Process of Manufacture 4. Quantitative Details 5. Break-Up of Cost of Input Materials Imported during the Year 6. Power, Fuel and Utilities 7. Salaries and Wages 8. Repairs […]

Contents of a Cost Audit Report

This article throws light upon the six main classifications of contents in the cost audit report. The classifications are: 1. Statutory Affirmations 2. Objective Statement of Findings 3. Statement of Facts 4. Re-Statement of Figures and Data 5. Statement of Opinion or Facts on Matters requiring Professional Competence 6. Statement of Opinion or Facts on […]

Cost Audit Report: Subject-Matter, Rules and Contents

After reading this article you will learn about the Cost Audit Report:- 1. Subject-Matter of the Cost Audit Report 2. Cost Audit (Report) Rules, 2001 3. Form and Contents of the Cost Audit Report. Subject-Matter of the Cost Audit Report: The statutory cost audit report is the end result of an audit of the cost […]

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