Authentication of previous year figures: cost auditors should certify prior-year figures as based on management information and certificate. Cost auditors reporting previous-year figures in the Cost Audit Report should include a certificate note stating that such figures are based on information furnished by management and that the auditor has obtained a management certificate corroborating those figures, rather than simply qualifying or disclaiming responsibility for unaudited prior-year data.
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.
Authentication of previous year figures: cost auditors should certify prior-year figures as based on management information and certificate.
Cost auditors reporting previous-year figures in the Cost Audit Report should include a certificate note stating that such figures are based on information furnished by management and that the auditor has obtained a management certificate corroborating those figures, rather than simply qualifying or disclaiming responsibility for unaudited prior-year data.
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