Study Note 1 : Cost Audit 

  • Cost Audit – Basics
  • Origin of Cost Audit
  • Genesis of Cost Audit in India
  • Relevance of Cost Audit
  • Objectives of Cost Audit
  • Cost Records and Cost Audit – as per Companies Act, 2013
  • Companies (Cost Records and Audit) Rules, 2014

Study Note 2 : Companies (Cost Records and Audit) Rules, 2014

  • Guidance Note on Cost Accounting Standards
  • Companies (Cost Records & Audit) Rules, 2014
  • Guidance Note on Cost Accounting Standard on Cost of Production for
  • Captive Consumption (CAS-4)
  • Guidance Note on Cost Accounting Standard on Material Cost (CAS-6)
  • Guidance Note on Cost Accounting Standard on Employee Cost (CAS-7)
  • Guidance Note on Cost Accounting Standard on Cost of Utilities (CAS-8)
  • Guidance Note on Cost Accounting Standard on Packing Material Cost (CAS-9)
  • Guidance Note on Cost Accounting Standard on Administrative Overheads (CAS-11)

Study Note 3 : GACAP & Cost Accounting Standards 

  • Generally Accepted Cost Accounting Principles (GACAP)
  • Cost Accounting Standards
  • Glossary of Terms used in Cost Accounting Standards

Study Note 4 : Cost Building Process 

  • Introduction and Objectives
  • Essentials of Cost Building Process
  • The System – Basic Parameters
  • Integrated Accounting
  • Classification of Costs

Study Note 5 : Cost Auditing Standards

  • Cost Audit

Study Note 6 : Guidance on Peroframance Appraisal

  • StPreface
  • Performance Analysis
  • Suggested Mechanism for Performance Analysis
  • Steps Approach Suggested for Report on Performance Appraisal
  • Indicative Contents of the Report on Performance Appraisal
  • Capacity Utilisation Analysis
  • Productivity and Efficiency Analysis
  • Utilities and Energy Efficiency Analysis
  • Key Costs And Contribution Analysis
  • Product/Service Profitability Analysis
  • Market / Customer Profitability
  • Working Capital and Inventory Management Analysis
  • Manpower Analysis
  • Impact of IFRS on the Cost Structure, Cash Flows and Profitability
  • Other Areas suggested to be covered in the Report on Performance Appraisal
  • Management Accounting tool

study Note 7 : Exposure Draft Training & Guidance Manual for Cost Audit Report & 

  • Compliance Report in XBRL Format (as per TAXONOMY)
  • Introduction
  • Preface
  • Steps for Filing Cost Audit Report and Compliance Report in XBRL format
  • on MCA Portal

Study Note 8 : Basics of Internal Control and Internal Audit 

  • Internal Control – Concept
  • Scope of Internal Control
  • Structure of Internal Control
  • Limitations of Internal Control
  • Evaluation of Internal Control
  • Internal Control Questionnaire
  • Internal Control and Internal Auditor
  • Origin of Internal Audit
  • Internal Check and Internal Audit
  • Internal Audit and its Scope
  • Statutory Auditors and Internal Auditors
  • Assessment of Adequacy of Internal Audit Function
  • Auditing Government Agencies
  • Standards on Internal Audits (SIA)
  • Internal Audit Programme – Industires Specific

Study Note 9 : Basics of Operational Audit 

  • Operational Audit
  • Budgetary Control System
  • Capacity Utilisation
  • Inventory Control
  • Management Information System
  • Nature and Scope of Management Audit
  • Audit of Management Process and Functions
  • Specimen Questions with Answers

Study Note 10 : Management Audit in Different Functions 

  • Corporate Culture and Objectives
  • Corporate Services Audit
  • Corporate Development Audit
  • Evaluation of Personnel Development
  • Consumer Services Audit
  • Audit of Social Responsibility of Management ? Environmental Pollution Control
  • Audit Checks of Different Functions
  • Corporate Divisions/Departments/Functions
  • Corporate Governance and Audit Committee
  • Audit Committees and Corporate Governance
  • Confederation of Indian Industries (CII) Code for Desirable Corporate Governance