Paper 17 – Cost & Management Audit (CMA Final Group IV) by CA Aishwarya Khandelwal Kapoor

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Q. What is cost and management audit?

A. A comprehensive independent examination of an organization’s cost accounting system and related records, including the methods and procedures, conducts cost and management audit. So, the objective of a cost audit is to ensure that the organization’s cost accounting system is accurate, reliable, and compliant with applicable laws and regulations. Certified cost accountants (CMAs) conduct cost and management audits. You can learn about these in this CMA Final Cost and Management Audit Classes.

Q. Can CMA be appointed as auditor?

A. Certified Management Accountants (CMAs) are like financial superheroes. They work as internal auditors, making sure a company’s money and records are in line with the rules. They also conduct cost audits, checking if the company’s cost accounting is accurate and follows the law. Even though these jobs can be a bit tricky, they’re super important for keeping companies on the right financial track. So, to get ready for these roles, CMAs need to understand internal controls, financial rules, and cost accounting. So, to become a CMA, go for Study At Home’s CMA Final Cost and Management Audit classes as they are best in the market with latest course, best faculties and affordable prices.