SCA3 SCA1 amp 4 SCA2 SCA 103 Overall Objectives Of The Independent Cost Auditor And The Conduct Of An Audit In Accordance With Cost Auditing Standards Check List Check List SCA 101 amp 104 ID: 1021501
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1. STANDARDSON COST AUDITINGSCA-3SCA-1 & 4SCA-2
2. SCA – 103 Overall Objectives Of The Independent Cost Auditor And The Conduct Of An Audit In Accordance With Cost Auditing Standards
3. Check List
4. Check List
5. SCA - 101 & 104101 - PLANNING AN AUDIT OF COST STATEMENTS 104 - KNOWLEDGE OF BUSINESS , ITS PROCESS AND BUSINESS ENVIRONMENT
6. Name of Company XYZAudit Period 01/04/2015-2016Name of Audit Team Members 123Date Of Commencement Of AuditTentative Date Of Completion Of AuditDate Of Completion Of AuditAudit Programme
7. 1)Appointment Process
8. 2)Initial Audit
9. 3)Nature of Business/Activity
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12. 4) Plant Visit
13. 5) Verification
14. AndStatutory DeadlinesAudit Team DeadlinesActual Date of Completion/SubmissionReason for Delay -If any Date of Receipt of Cost Records from Auditee to Auditor Date of Receipt of Annexure to Cost Audit Report from Auditee to Auditor Date of Submission of Cost Audit Report By the Auditor to Auditee.Date of Board Meeting in which Cost Audit Report has been approved.Date of Filling of FORM CRA-4 to MCA.SRN of CRA-4.6)Statutory & Other Deadlines Regarding Cost Audit
15. 7) Reliance Placed On The Following Data Stated In Annual Audited Accounts/ Tax Audit Report/Internal Audit Report By The Respective Auditors
16. Details Reason for Change8)If Any Changes In Audit Plan As A Result Of Audit Evidence /Unexpected Events9) Key Performance Details (MIS System)Key Performance Indicators And Key RatiosBudget Forecast And Variance AnalysisEmployee Performance Measures And Incentive Compensation Policies
17. 10) Evaluation of the Internal Control System and its Implementation
18. SCA - 102COST AUDIT DOCUMENTATION
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32. NOTE : Document all evidences - soft/ hard, should be preserved & back up of soft data should be maintained for at least ten years.
33. THANK YOU