Course

Financial and Cost Audit

Shasun Jain College > Postgraduate > Financial and Cost Audit
Course ID
KDF2A
Department
Commerce
Semester
II
Degree
M.Com (AF)
Year
I

Course Outcome

CO01 To recapitulate the essentials of company audit, the duties and liabilities of auditors and the importance of audit report and to comprehend the difference between revenue and capital transactions.
CO02 To learn the evolution of cost audit and the distinction between cost audit and financial audit. To recognise the importance of the relationship of cost, financial and internal auditor and the rights, powers, duties of cost auditor.
CO03 To acquire the knowledge regarding cost audit planning and familiarisation with industry and the requirement of cost audit system.
CO04 To provide expertise in the procedures of internal control relevant to budgetary control, capacity utilisation and inventory control prevailing in an organisation.