Cost Audit and Compliance Report

Accounting Cost Audit Report

With an ever-increasing need for determining the accurate cost particulars of a product to arrive at the correct profitability, meeting the compliance requirements prescribed under the Companies Act has become equally important. At GLS, with a dedicated and qualified team to handle the Cost Audit and related Compliances, we offer our professional assistance with regard to the following

  • Cost Audit to ascertain the accuracy of the cost accounting records to ensure that the same are in conformity with Cost Accounting Principles, plans, procedures and objective;
  • Maintenance of Cost Records in terms of Companies (Cost Records and Audit) Rules, 2014;
  • Internal Audit, Operational Audit and Management Audit as per the specific needs of the management;
  • Cost Study and Analysis in order to determine the specific elements of cost associated with a brand, product, pack, customer, channel or region and analyzing the same to arrive at the desired results;
  • Stock valuation as per the prescribed methods and regulations under the CAS-4;
  • Transfer pricing CAS-4 Certificate for captive consumption;
  • XBRL filing of Cost Audit Report;
  • Determining the costing of product, channel or brand to meet the specific management decision making requirement of the Company;
  • Budgeting and MIS;
  • Management Consultancy Services.

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