Question

The cost audit is not concerned with the ____________.

• A. examination of the cost records
• B. examination of the financial records
• C. examination of the cost system
• D. examination of the cost techniques

Answer 1

Answer: (B)

examination of the financial records

Cost Audit represents the verification of cost accounts. Cost audit ascertain the accuracy of cost accounting records to ensure that they are in conformity with cost accounting principles, plan, procedures and objective.

Cost Audit is not concerned with the examination of financial records.