cost audit
This query is : Resolved
Ganesh yadav
(Querist)
02 September 2009
my co. is mnufcharing at pharma. which condition my co. is applicable is cost audit.
what is piont of cost audit at pharma co.
what is piont of cost audit at pharma co.
03 September 2009
Purely from a compliance point of view you need to visit www.icwai.org to see the listed industries that fall under the purview of CARR.
But mind you this shift in thought from being compliance oriented to business oriented is urgently needed.
If you want to apply CARR for business then you dont need to wait to see whether a rule has been thrusted on you to follow.
Cost Accounting per se if for the benefit of the business and that is the only way it should be interpreted and used and not just another compliance tool/mechanism.
regards,
But mind you this shift in thought from being compliance oriented to business oriented is urgently needed.
If you want to apply CARR for business then you dont need to wait to see whether a rule has been thrusted on you to follow.
Cost Accounting per se if for the benefit of the business and that is the only way it should be interpreted and used and not just another compliance tool/mechanism.
regards,
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