Tag Archives: #CostAuditStandards

What is the difference between Statutory Audit and Cost Audit?

Statutory Audit Vs Cost Audit    Statutory Audit and Cost Audit are two distinct types of financial audits with different purposes and legal requirements. Statutories audit are a mandatory audit conducted in accordance with the law for all companies in India. Its objective is to verify that a company’s financial statements provide a true and… Read More »

What is cost audit?

Cost Audit   Cost audit is a type of audit that focuses on the analysis of the cost structure of an organization. It aims to identify areas where costs can be reduced, efficiency can be increased, and profitability can be improved. This type of audit report is a detailed report that is prepared by the… Read More »