Cost auditor independence: cost auditors must not serve as internal auditors during the period of their cost audit. The Department advises that because the Cost Auditor must comment on the scope and performance of internal audit under the Cost Audit Report Rules, the Cost Auditor should not act as the company's internal auditor for the same period during which the cost audit is conducted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost auditor independence: cost auditors must not serve as internal auditors during the period of their cost audit.
The Department advises that because the Cost Auditor must comment on the scope and performance of internal audit under the Cost Audit Report Rules, the Cost Auditor should not act as the company's internal auditor for the same period during which the cost audit is conducted.
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