Coming soon
Cost and Management Audit
The Objective of this course is to gain knowledge of Cost and Management Audit procedures and techniques and their application
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. . 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.
1. Auditing: Jain, Khandelwal(Shivam Publisher) 2. Students Guide to Auditing: Aruna Jha(Taxmann) 3. Auditing: Jain, Khandelwal, Pareek(Ramesh Book Depot) 4. Auditing Theory & Practice: A.K Singh ( Galgotia Publishing Company New Delhi)
1. Contemporary Auditing: Kamal Gupta(Tata Mc-Graw Hill)
2. Auditing: Principle and Practice, S.D Sharma(Taxmann)
3. Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra)
4. Practical Auditing: Spicer& Pegler
5. Fundamental of Auditing: Gupta & Arora(Tata Mc Graw Hill)
