Cost audit is the verification of the correctness of cost accounts and adherence to the cost accounting plan. This concept is given by

Related MCQs

• The verification of the correctness of cost accounts and of adherence to the cost accounting plan is known as
• The audit of financial records to ascertain the correctness of taxable profits means
• Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
• The audit fees and expenses incidental to audit shall be determined by
• Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients records
• This kind of audit is conducted generally between two annual audit ______.
• Interim Audit refers to an audit conducted
• Before the work of audit is commenced, the auditor prepares a written procedure needed to implement the audit work
• EDP audit means when an audit is conducted in a computer information systems (CIS) environment. According to SA-401
• Errors occurring when generally accepted accounting principles are not observed while recording any transaction in the books of accounts