Performance Appraisal Report requires cost auditors to cover capacity, productivity, cost and profitability analyses, with management-set frequency. Form III prescribes the Performance Appraisal Report format for cost auditors under the Companies (Cost Audit Report) Rules, 2011, listing indicative ... Summary
Performance Appraisal Report requires cost auditors to cover capacity, productivity, cost and profitability analyses, with management-set frequency.
Form III prescribes the Performance Appraisal Report format for cost auditors under the Companies (Cost Audit Report) Rules, 2011, listing indicative analytical areas-capacity utilization, productivity/efficiency, utilities/energy efficiency, key costs and contribution, product/service and market/customer profitability, working capital and inventory management, manpower analysis, IFRS impact on cost structure, and application of management accounting tools-and requires date, place, signature and membership number(s); inclusion of areas and reporting frequency are to be decided by company management.
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