Preparation of Cost Audit Report:-
When review and verifi cation of the cost accounting records and proformae and Annexures/
financial statements are completely in line with the Cost Audit Report Rules, the cost auditor will
be in a position to prepare his report. It may be pointed out that the report should refl ect the
professional care exercised by the cost auditor. Certifi cation of fi gures is only a part of the report. Other aspects are the analysis, critical review of the systems in vogue in the company, identifi cation of areas where improvements can be made and suggestions on those areas.
The cost auditor has to give his observation in the main certifi cate with qualifi cations, if any. He has
When review and verifi cation of the cost accounting records and proformae and Annexures/
financial statements are completely in line with the Cost Audit Report Rules, the cost auditor will
be in a position to prepare his report. It may be pointed out that the report should refl ect the
professional care exercised by the cost auditor. Certifi cation of fi gures is only a part of the report. Other aspects are the analysis, critical review of the systems in vogue in the company, identifi cation of areas where improvements can be made and suggestions on those areas.
The cost auditor has to give his observation in the main certifi cate with qualifi cations, if any. He has
to complete all paras contained in the Annexure to the Cost Audit Report Rules, 2001 and finalise
the checking of Proforma to the Cost Audit Report.
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