SECTION A: COST AUDIT [35 MARKS] 1. Nature, Scope, utility and Advantages of Cost Audit 2. Companies (Cost Records & Audit) Rules,2014 3. Professional Ethics, Misconduct, Offences and Penalties 4. Cost Accounting Standards 5. Cost Auditing Assurance Standards 6. Format of Cost Audit Report – XBRL – Salient Features
SECTION B: MANAGEMENT AUDIT [15 MARKS] 7. Management Reporting issues under Cost Audit – Performance Appraisal Report 8. Management Audit – Meaning, Nature, Scope, Need for Management Audit and Reporting under Management Audit 9. Energy Audit, Efficiency Audit, Propriety Audit and Systems Audit 10. Evaluation of Corporate Image - Corporate Development Audit – Corporate Strategy Audit 11. Impact of environmental pollution: Social Cost Benefit Analysis, Corporate Social Audit and Safety Audit.
SECTION C: INTERNAL AUDIT, OPERATIONAL AUDIT AND OTHER RELATED ISSUES [25 MARKS] 12. Concept of Internal Audit 13. Provisions of Internal Audit under Companies Act, 2013 14. Audit Planning, Audit Programme, Audit working papers Reporting to Management 15. Receivables Audit, Audit of Hospitals, Hotels, Educational Institutions, Co-operative Societies, Self Help Groups, Non-Governnmental Organizations (NGOs), Corporations, Municipalities, Panchayats.
SECTION D: CASE STUDY ON PERFORMANCE ANALYSIS [25 MARKS] Case Study on the basis of the Companies Performance for managerial decision-making with reference to: (a) Application of Ratios for assessment of performance (b) Waste Multiplier (c) Utilities Consumption i.e., Power, Fuel etc (d) Capacity determination and Utilization (e) Value Addition (f) Inventory valuation (g) Abnormal Events such as Strike, Lock-out and other factors (h) Profitability analysis (i) Reconciliations of Financial and Cost Records i.e., Profit, Taxation.
