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 and Maintenance. Cost Audit Report: [...]
After reading this article you will learn about the Objections in Publishing Cost Audit Report. The publication and circulation of annual Financial Audit Reports to the members and shareholders of a company are mandatory and compulsory. But the position with respect to Cost Audit Reports is entirely different. The cost auditor submits his reports to the company and to the [...]
After reading this article you will learn about the Disclosure of Cost Audit Report. The prime object of statutory cost audit is "to make the industries alert and efficient and to make them know their rational costs with a view to reducing it to the extent possible................. it is a definite step towards removal of social injustice," observed H.R. Gokhale, [...]