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The purpose of a cost audit is to verify all cost accounts and ensure that the company is following the predefined cost accounting plan. This type of audit focuses on every department within an organization to ensure that costs are being managed properly.
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Define the social cost and benefits in constructing a bridge?
Better start working on this one yourself.hhjhjhjhj
Do audit firm offer quality services?
Outsourcing CAM audit to professional service providers allows tenants to get access to expert consultants at a fraction of a cost who are well-equipped to provide every CAM related support to the tenants and help resolve any issue. By engaging CAM audit professionals early in the process, tenants can derive following benefits: Minimize occupancy costs by identifying billing inaccuracies and discrepancies with the lease terms. Determine fair pricing by highlighting unauthorized charges, and hidden/erroneous expenses (if any), and ensuring CAM invoice is in compliance with lease terms for accuracy. Help save substantial cost by uncovering recovery opportunities and remediating inaccurate expenses that may have gone unnoticed otherwise.
Define and example of the prime cost?
the cost of the material and labor necessary to make a product ther for called prime cost e.g when ever u want to see only actual cost of products u just subtract these tow cost direct labour * Direct materila
What are disposition costs?
Disposition cost is a term used to define the expenses that a seller or a business spent in selling. Keeping track of the disposition cost greatly helps business owners and sellers to monitor their financial status.
Define cost explain different costing methods and techniques?
It is important to have your costs and costing methods in order. This will ensure that your money is being well spent.
What is the difference between Financial Audit and Cost Audit Describe each of them?
between financial audit and cost audit
The types of Cost Audit?
types of audit approach
Difference between cost audit and financial audit?
Cost audit is done to audit the cost elements of unit costs while in financial audit, audit of financial statements is done to find out information provided is true and fair or not.
What is the difference between cost audit and management audit?
Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
Can cost accountant do the internal audit of the company?
Cost Accountant can very well do the internal audit of the company. Since internal audit is the 'seeing us inside' and also the scope is the operations and compliance part of the activities, cost accountants have expertise in conducting the same. They are the 'most fit' professionals for conducting internal audit of manufacturing operations, processes and activities and assessing the risk involved in each area. The new Companies Act, as such, recognises cost accountants along with other finance professionals for award of internal audit assignment. And internal audit has been made mandatory for certain class of companies. But, the cost accountants who are engaged in cost audit assignment of the company cannot be engaged for internal audit of the same company as the engagement would affect objectivity and there may be conflict of interest.
Define cost price and selling price?
define cost and selling price
What is Cost Audit?
The verification of cost records and accounts, and a check on adherence to prescribed cost accounting procedures and their continuing relevance.Cost audit refers to the detailed checking of the costing system, the techniques used and the accounts to verify their accuracy. It also ensures that the company is adhering to the objective of cost accountancy.
What is the normal cost for a audit for a non profit that receives government funding?
15000
Tax Audit Services?
There are many laws drafted in India that govern different kinds of audits like an income tax audit, cost audit, stock audit, company, or statutory audit as per the Companies Act, 2013. Income tax audit evaluates whether an individual or company has filed tax returns of the assessment year appropriately. Section 44AB of the Income Tax Act of 1961 lays down the provisions for an income tax audit.
How do you define food cost?
FOOD COST- ($)COST YOU SPEND ON FOOD( WHICH IS ALOT) :D
Define Detection cost?
costs of detecting
How would you define a current cost?
Current cost. Replacement cost or net realizable value.
