Question

Cost Audit is Efficiency Audit’. Discuss the statement and quote few parameters from the Cost Audit Report indicating efficiency/inefficiency in operations.

Answer 1

Answer:

Explanation:

Cost Audit represents the verification of cost accounts and check on the adherence to cost accounting plan. Cost Audit ascertain the accuracy of cost accounting records to ensure that they are in conformity with Cost Accounting principles, plans, procedures and objective.

Answer 2

Answer:

it is known as the cost audit is efficiency audit by the statement for what is few parameters from the cost audit report indicating efficiency in