Accountancy, asked by fifi4658, 1 year ago

The work of cost auditor and financial auditor are partially interrelated.

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Answered by empathictruro
0

The working of cost auditor and financial auditor are partially interrelated they both have to examine , whether there are adequate systems of accounting commensurate with the nature, size and complexities of the operations .

The financial auditor can express the true and fair value of the state affairs of the company  where as cost auditor can have true and fair view of cost of production, manufacturing and marketing of the product under reference.

The to auditors should check and ensure to do a internal check and internal control to detect and prevent errors.

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