Quality Control & Treatment of Quality Control Cost
Quality Control: As per CAS 21, Quality Control is a procedure or a set of procedures exclusively designed to ensure that the manufactured products or performed service(s) adhere to a
Updates – MCQ's – Theory – Solved Problems.
Quality Control: As per CAS 21, Quality Control is a procedure or a set of procedures exclusively designed to ensure that the manufactured products or performed service(s) adhere to a
(a) Internal control questionnaire relating to inventory: 1. Is the storage accommodation adequate to provide protection against – deterioration? – access by unauthorized persons? – any other local hazards? 2.
The points stated below are to be considered for conducting audit of a hospital. (i) Check the letter of appointment to ascertain the scope of responsibilities . (ii) Study the
While determining the adequacy of the budgetary control system of an organisation, it is essential that the Management Auditor should evaluate its coverage and effectiveness, i.e. whether the system in
The internal controls can be broadly classified into following four main categories: (i) Administrative control – Administrative controls include all types of managerial controls related to the decision making process.
The depth of analysis of manpower could depend upon the proportion of manpower cost to the total cost of product or service. The performance criteria for this area will mainly
Section 138 of the Companies Act, 2013, deals with the provisions relating to Internal Audit: (i) Such class or classes of companies as may be prescribed shall be required to
An audit programme is a detailed plan of the auditing work to be performed, specifying the procedures to be followed in verification of each item and the financial statements and
Personnel Management is that part of the management function which is primarily concerned with the human relationships within an organization. Its objective is essentially the maintenance of those relationships, which
The management audit programme is an essential prerequisite to conducting the audit. It is a plan of action drawn in advance of taking up the audit, and to help the