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CA, CS, CMA - Introduction Hospital organizations have been facing difficulties and challenges in balancing limited resources and costs to provide their demand for services. Medical research has the effect in introduction of modern medical techniques and medicines, which usually causes the increase of consumed costs. Increasing costs of healthcare sy...
Read MoreCA, CS, CMA - Presentation on Standard on Cost Auditing Knowledge of Business, its processes and the Business Envirnment (SCA 104)- An auditor needs to understand the clients business before audit of cost statements. [Current Business scenario, Nature of Business, Product Portfolio, Raw Material Prices Global impact etc., whether it is part of any regu...
Read MoreCA, CS, CMA - Presentation on Standard on Cost Auditing- Overall Objectives of the Independent Cost Auditor and the Conduct of an Audit in Accordance with Cost Auditing Standards (SCA 103)...
Read MoreCA, CS, CMA - Presentation on Standard on Cost Auditing Cost Audit Documentation (SCA 102)- Documentation is necessary to have proper evidence that the audit was planned and performed in accordance with SCAs and applicable legal & regulatory requirements. Cost auditor should document all matters, important in providing evidence to support the opinio...
Read MoreCA, CS, CMA - Presentation on Standard on Cost Auditing Planning an Audit of Cost Statements (SCA 101)- Planning an audit of cost statements and records is considered necessary to ensure achievement of audit objectives with available resources and securing coordination with the auditee....
Read MoreCA, CS, CMA - Pursuant to implementation of IndAS, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to bring parity between financial records and cost records. Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules, 2017 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments....
Read MoreCA, CS, CMA - 1. Material Costs-(a) Proper records shall be maintained showing separately all receipts, issues and balances both in quantities and cost of each item of raw material required for the production of goods or rendering of services under reference....
Read MoreCA, CS, CMA - The following is the Cost Accounting Standard (CAS 17) (Revised 2017) issued by the Council of The Institute of Cost Accountants of India for determination of INTEREST AND FINANCING CHARGES. In this Standard, the standard portions have been set in bold italic type....
Read MoreCA, CS, CMA - he following is the COST ACCOUNTING STANDARD – 16 (CAS – 16) (Revised) issued by the Council of The Institute of Cost Accountants of India on DEPRECIATION AND AMORTISATION. In this Standard, the standard portions have been set in bold italic type. ...
Read MoreCA, CS, CMA - The following is the COST ACCOUNTING STANDARD – 12 (CAS - 12) (Revised 2017) issued by the Council of The Institute of Cost Accountants of India on REPAIRS AND MAINTENANCE COST. In this Standard, the standard portions have been set in bold italic type. ...
Read MoreMaster Circular No. 2/2011 - (11/11/2017) - As per provisions of the Cost Audit Report Rules that are in force from time-to-time, a cost auditor is required to comment on the scope and performance of internal audit of cost records. Hence it would tend to mitigate against the proper and dispassionate discharge of his duties if he was also t...
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Master Circular No. 2/2011 - (11/11/2017) -
F.No. 1/40/2013 - CL - V -
