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PTP Final Syllabus 2008 Jun 2015 Set 2 Paper17 COST AUDIT & OPERATIONAL AUDIT Time allowed3hrsFull Marks: 100SECTION I (50 Marks) (Cost Audit) Answer Question No. 1 (carrying 14 marks) which is compulsory
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Begin by providing the required general information, such as the name of the audited entity, its address, and contact information.
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Proceed to fill out the specific sections of paper-17 related to cost audit. This may include information about the cost accounting system, cost elements, cost allocation, and cost classification.
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Cost audit helps in analyzing and verifying the cost structure, allocation, and classification of various expenses incurred by these entities.
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It provides transparency and accountability, ensuring fair practices and preventing fraudulent activities.
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Therefore, any entity that falls under the jurisdiction of cost audit regulations will need to fill out paper-17.
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