https://www.taxtmi.com/article/detailed?id=6474 The standard mandates that the cost auditor prepare and document an overall audit strategy and a detailed audit plan setting out the nature, timing and extent of risk assessment procedures and further audit procedures, after completing pre planning checks (appointment, legal and ethical compliance, independence and management integrity). The auditor must involve key team members, consider entity size and complexity, reliance on other auditors and IT systems, update the strategy and plan as needed, and document significant changes; initial engagements require expanded planning to address opening balances and previous auditor communications. en-us Thu, 08 Oct 2015 07:36:17 +0530 Thu, 08 Oct 2015 07:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6474 The standard mandates that the cost auditor prepare and document an overall audit strategy and a detailed audit plan setting out the nature, timing and extent of risk assessment procedures and further audit procedures, after completing pre planning checks (appointment, legal and ethical compliance, independence and management integrity). The auditor must involve key team members, consider entity size and complexity, reliance on other auditors and IT systems, update the strategy and plan as needed, and document significant changes; initial engagements require expanded planning to address opening balances and previous auditor communications. Articles Corporate Laws / IBC / SEBI Thu, 08 Oct 2015 07:36:17 +0530 https://www.taxtmi.com/article/detailed?id=6474