Cost Audit and Assurance Standard on Overall Objectives of the Independent Cost Auditor and the Conduct of an Audit in Accordance with Standards on Auditing

Cost Audit and Assurance Standard on Overall Objectives of the Independent Cost Auditor and the Conduct of an Audit in Accordance with Standards on Auditing https://www.taxtmi.com/acts?id=20010 The Standard sets principles for independent cost auditors to obtain reasonable assurance that Cost Statements are free from material misstatement and to report in accordance with the applicable cost reporting framework and law. It requires compliance with CAAS and GACAAP, adherence to ethical requirements including independence where applicable, application of professional skepticism and judgment, assessment of audit risk components (inherent, control, detection), evaluation of the acceptability of the Cost Reporting Framework, and obtaining sufficient appropriate audit evidence; management retains responsibility for preparing Cost Statements. en-us Fri, 11 Sep 2015 17:04:35 +0530 Fri, 11 Sep 2015 17:06:54 +0530 TaxTMI RSS Generator Cost Audit and Assurance Standard on Overall Objectives of the Independent Cost Auditor and the Conduct of an Audit in Accordance with Standards on Auditing https://www.taxtmi.com/acts?id=20010 The Standard sets principles for independent cost auditors to obtain reasonable assurance that Cost Statements are free from material misstatement and to report in accordance with the applicable cost reporting framework and law. It requires compliance with CAAS and GACAAP, adherence to ethical requirements including independence where applicable, application of professional skepticism and judgment, assessment of audit risk components (inherent, control, detection), evaluation of the acceptability of the Cost Reporting Framework, and obtaining sufficient appropriate audit evidence; management retains responsibility for preparing Cost Statements. Act-Rules Companies Law Fri, 11 Sep 2015 17:04:35 +0530 https://www.taxtmi.com/acts?id=20010