Cost and Management Audit

Cost Audit: Meaning, Object, Advantage Cost Audit of Material, Labour and Overhead. Appointment, Rights, Duties and Liabilities of Cost Auditor under the companies Act 2013

Relationship between statutory financial auditor, Cost Auditor and Internal Auditor. Professional ethics and misconduct, special penal provision for cost Auditor.
Cost Accounting Record Rules: requirements, Maintenance of Cost Accounting Records, CARR in different Industries with special reference to cement industry and steel industry.

Preparation of the Cost Audit Programme: Evaluation of internal control system including material inventory, capacity utilization, management information system and internal audit.
Cost Audit Report. Audit and Investigation for specify purpose. Advance Report writing with reference to specific situations and problems

Management Audit: Meaning, Nature, and Scope, Qualities of Management Auditor, Concept of Efficiency Audit, Proprietary Audit and Operational Audit
Management Information System: Concept , Role and importance, impact.

Specific areas of Management Audit involving review of internal control, review of purchasing control, review of selling and distribution policies and programmes, review of manufacturing operations.