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    CMA Final Syllabus 2016 (Paper 19): Cost and Management Audit



    Section A: Cost Audit (35%)
    1. Nature, Scope, utility and Advantages of Cost Audit
    2. Companies (Cost Records and Audit) Rules, 2014
    3. Professional Ethics, Misconduct, Offences and Penalties
    4. Cost Accounting Standards
    5. Cost Auditing Assurance Standards
    6. Format of Cost Audit Report – XBRL – Salient features

    Section B: Management Audit (15%)
    1. Management Reporting issues under Cost Audit – Performance Appraisal Report
    2. Management Audit – Meaning, Nature, Scope, Need for Management Audit and Reporting under Management Audit
    3. Energy Audit, Efficiency Audit, Propriety Audit and Systems Audit
    4. Evaluation of Corporate Image - Corporate Development Audit –Corporate Strategy Audit
    5. Impact of environmental pollution: Social Cost Benefit Analysis, Corporate Social Audit and Safety audit.

    Section C: Internal Audit, Operational Audit and other related issues (25%)
    1.       Concept of Internal Audit
    2.       Provisions of Internal Audit under Companies Act, 2013
    3.       Audit Planning, Audit Programme, Audit working papers, Reporting to Management
    4.       Receivables Audit, Audit of Hospitals, Hotels, educational Institutions, Co-operative
    5.       Societies, Self Help Groups, Non-Governmental Organizations (NGOs), corporations,
    6.       Municipalities, Panchayats.

    Section D: Case Study on Performance Analysis 25%
    Case Study on the basis of the Companies Performance for managerial decision-making with reference to:
    (a) Application of Ratios for assessment of performance.
    (b) Waste Multiplier
    (C) Utilities Consumption i.e., Power, Fuel etc
    (d) Capacity determination and Utilization
    (e) Value Addition
    (f) Inventory valuation
    (g) Abnormal Events such as Strike, Lock-out and other factors
    (g) Profitability analysis
    (h) Reconciliations of Financial and Cost Records i.e., Profit, Taxation

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