Sub-section (5) of section 177 of the Companies Act, 2013 provides that the Audit Committee may call for the comments of the auditors about internal control systems, the scope of

The areas of Corporate Services Audit and the scrutiny and evaluation criteria can be categorized as follows: Consumers: Quality of goods in right quantity, right price, right place and right

Corporate Services Audit is the audit of the social behaviour of the company to assess the extent to which the company had met the expectations of the customers, employees, shareholders,

Management audit is the unique process appraising the performance of directors, managers or in the other words, appraising the performance of the management. A working director is included as a

While conducting an audit, the cost auditor shall comply with each of the Cost Auditing Standards relevant to the audit. A Cost Auditing Standard is relevant to the audit when

Corporate Social Responsibility is a mandatory requirement, and any departure from the requirements may lead the management into difficulty. A CSR audit program can identify all or any of the

The functions of Management Audit extend to audit of the effective functioning of every area of operations coming under the management purview from the stage of its planning to proper

An audit programme is laying down the path in its required details before conducting such audit. It is a detailed plan of the auditing work to be performed, specifying the

Cost Auditing Standard 103 defines „Professional Judgment‟ as the application of relevant training, knowledge and experience, within the context provided by cost accounting standards and ethical requirements in making informed

The relationship between EVA and MVA is more complicated than the one between EVA and firm value. The market value of a firm reflects not only the expected EVA of