https://www.taxtmi.com/article/detailed?id=6649 The standard prescribes the overall objectives of the independent cost auditor, requiring reasonable assurance that cost statements are free from material misstatement and an opinion whether they comply with the applicable cost reporting framework, Cost Accounting Standards and Generally Accepted Cost Accounting Principles. The auditor must comply with ethical requirements including independence, plan and perform the audit with professional skepticism, obtain sufficient appropriate audit evidence, and may only depart from specific requirements in exceptional circumstances with alternative procedures; failure to achieve objectives may require opinion modification. en-us Fri, 29 Jan 2016 09:34:19 +0530 Fri, 29 Jan 2016 09:34:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6649 The standard prescribes the overall objectives of the independent cost auditor, requiring reasonable assurance that cost statements are free from material misstatement and an opinion whether they comply with the applicable cost reporting framework, Cost Accounting Standards and Generally Accepted Cost Accounting Principles. The auditor must comply with ethical requirements including independence, plan and perform the audit with professional skepticism, obtain sufficient appropriate audit evidence, and may only depart from specific requirements in exceptional circumstances with alternative procedures; failure to achieve objectives may require opinion modification. Articles Accounting - Auditing Fri, 29 Jan 2016 09:34:19 +0530 https://www.taxtmi.com/article/detailed?id=6649