cost audit meaning in Hindi

Examples

1. SECP requires cost audit to be conducted in the following areas:
2. CMAs receive particular training in cost audit, management audit and management accounting, as well as general accounting and taxation.
3. ICMAP issues Certificate of Practice ( COP ) to practice as cost and Management accountant and conduct cost audit in Pakistan.
4. This PAR is only meant for the company & it is not required to submit the same to the MCA like the Cost Audit Report.
5. #Constructive Objectives : Cost audit provides useful information to the management regarding regulating production, economical method of operation, reducing cost of operation and reformulating Cost accounting plans.
6. The Institute's Members are eligible to conduct Cost Audit in specified industries of Pakistan to ascertain the accuracy of cost allocated to the business process and establish Cost controls.
7. It stipulates that the auditor conducting the cost audit shall comply with the cost auditing standards which are issued by the ICAI, with the approval of the Government of India.
8. Cost Audit handbook issued by the institute and ( Audit of Cost Accounts ) Rules, 1998 issued by Securities and Exchange Commission of Pakistan ( SECP ) provide complete guidelines in this regard.
9. The said rule also introduces a new concept named as'Performance Appraisal Report'( PAR ) which needs to be submitted by the Statutory Cost Auditor to the company along with the Cost Audit Report.
10. In simple words, the term, " cost audit is " an examination of cost accounting records and verification of facts to ascertain that the cost of the product has been arrived at, in accordance with principles of cost accounting ."