About this document
Understanding Audit Evidence and Cost Audit by Amit Manwani is a document available to read on EtoBox.
1. Cost audit involves verifying the correctness of cost records and adherence to cost accounting principles to determine the actual costs of production. 2. The objectives of cost audit are to establish accurate cost records, ensure compliance with cost accounting plans, and serve as an effective tool for cost control and efficiency improvement. 3. Cost audit is important as it helps companies control costs, identify inefficiencies, set fair prices, and protect consumer interests.
- Author
- Amit Manwani
- Language
- EN