Can a Cost Accountant in employment be a Cost Auditor?
CA Rakesh Goenka
(CA & CS)
(872 Points)
Replied 07 October 2012
yes they can employed as cost Auditor.............
Pramod Limaye
(Chartered Accountant)
(172 Points)
Replied 08 October 2012
In my opinion, the answer is no. A practicing cost accountant can be appointed as cost auditor of a company. The cost accountant in employment will not be allowed to take up cost audit. Any other views are welcome.
CMA Ajay Jaisingh
(Ajay Jaisingh & Associates Cost Accountants Ahmedabad)
(79 Points)
Replied 10 October 2012
Cost Accountant in Employment can only sign the COMPLIANCE REPORT of the company that also when he is a member (ACMA/FCMA) of the Institute.
Cost Audit can only be conducted by a CMA in Practice.
CAclubindia
