https://www.taxtmi.com/article/detailed?id=6618 Cost audit under the Companies Act, 2013 must be performed by a qualified cost accountant and comply with cost auditing standards issued by the Institute of Cost Accountants of India. The planning standard requires preparation and documentation of an overall audit strategy and a detailed audit plan, acceptance procedures including communication with a predecessor auditor when applicable, involvement of key audit personnel, specification of the nature, timing and extent of risk assessment and audit procedures, supervision and review of the audit team, and documentation of significant changes and their reasons. en-us Thu, 07 Jan 2016 11:04:09 +0530 Thu, 07 Jan 2016 11:07:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6618 Cost audit under the Companies Act, 2013 must be performed by a qualified cost accountant and comply with cost auditing standards issued by the Institute of Cost Accountants of India. The planning standard requires preparation and documentation of an overall audit strategy and a detailed audit plan, acceptance procedures including communication with a predecessor auditor when applicable, involvement of key audit personnel, specification of the nature, timing and extent of risk assessment and audit procedures, supervision and review of the audit team, and documentation of significant changes and their reasons. Articles Accounting - Auditing Thu, 07 Jan 2016 11:04:09 +0530 https://www.taxtmi.com/article/detailed?id=6618