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What You'll Learn

Master Cost Audit Framework

Conduct Professional Cost Audits

Develop Expertise in Management Audit

Strengthen Internal Control & Internal Audit Skills

Detect Fraud & Financial Irregularities

Understand Anti-Money Laundering (AML)

Improve Business Decision-Making

Build Industry-Ready Audit Skills

Cost Accounting Standards (CAS)

Cost Audit Programme & Documentation

Management Audit

Forensic Audit

Operational Audit

Information Systems Security Audit

COURSE CURRICULUM

Section A: Cost Audit (50%)

Topics Covered

  • Nature and Scope of Cost Audit
  • Genesis and Evolution of Cost Audit
  • Objectives of Cost Audit
  • Utility and Advantages of Cost Audit
  • Cost Accounting Standards (CAS)

Topics Covered:

  • Companies (Cost Records and Audit) Rules, 2014 (as amended)
  • Applicability of Cost Records
  • Maintenance of Cost Records
  • Cost Audit Applicability
  • Statutory Compliance Requirements

Topics Covered:

  • Definition of Cost Auditor
  • Eligibility & Qualifications
  • Disqualifications
  • Appointment & Registration
  • Rotation & Remuneration
  • Rights, Duties & Liabilities
  • Professional Ethics
  • Reporting of Fraud (Section 143)
  • Punishment under Sections 447 & 448 of the Companies Act, 2013

Topics Covered:

  • Cost Accounting Standards (CAS)
  • Guidance Notes on CAS
  • Generally Accepted Cost Accounting Principles (GACAP)

Topics Covered:

  • Cost Auditing Standards Overview
  • Cost Auditing & Assurance Standards (CAAS)

Topics Covered:

  • Audit Planning
  • Factors in Planning Cost Audit
  • Cost Audit Programme
  • Audit Checklists
  • Audit Working Papers

Topics Covered:

  • Cost Audit Documentation
  • Audit Process
  • Practical Steps in Audit Execution
  • Evidence Collection

Topics Covered:

  • Cost Audit Report Preparation
  • Physical & Digital Audit Evidence
  • Qualified Audit Report
  • Adverse Audit Report
  • MCA XBRL Filing of Cost Audit Report

Section B: Management Audit (25%)

Topics Covered:

  • Definition & Objectives
  • Nature and Scope
  • Need for Management Audit
  • Audit of Management Functions
  • Reliability of Information
  • Role of CMAs in Management Audit

Topics Covered:

  • Performance Analysis
  • Capacity Utilization Analysis
  • Productivity & Efficiency Analysis
  • Utilities & Energy Efficiency
  • Key Cost & Contribution Analysis
  • Working Capital Analysis
  • Liquidity Analysis
  • Manpower Analysis
  • Management Accounting Tools

Topics Covered:

  • Corporate Objectives & Culture
  • Corporate Services Audit
  • Corporate Development Audit
  • Personnel Development Audit
  • Consumer Services Audit
  • Environmental Audit
  • Energy & Utilities Audit
  • Productivity Audit
  • Propriety Audit
  • CSR Audit
  • Social Cost-Benefit Analysis

Topics Covered:

  • Audit Checks of Managerial Functions
  • Departmental Audit Checks
  • Corporate Image Evaluation
  • ESG Audit

Topics Covered:

  • Information Systems Security
  • Compliance Framework
  • Cyber Security
  • Cyber Forensics
  • IT Audit in Banking Sector

Section C: Internal Control, Internal Audit, Operational Audit & Other Related Issues (15%)

Topics Covered:

  • Internal Control Concepts
  • Internal Control Framework
  • Internal Auditing
  • Role of Internal Auditor
  • Risk Assessment

Topics Covered:

  • Operational Audit
  • Audit Engagement Letter
  • Role of CMAs
  • Internal Audit under Companies Act, 2013
  • CARO Requirements
  • Manufacturing Sector Audit

Topics Covered:

  • Audit of Banks
  • Audit of Insurance Companies
  • Audit of Hospitals
  • Audit of Educational Institutions
  • Audit of Hotels
  • Audit of Cooperative Societies
  • Audit of Other Service Organizations

Section D: Forensic Audit & Anti-Money Laundering (10%)

Topics Covered:

  • Fundamentals of Forensic Audit
  • Fraud Detection & Investigation
  • Collection of Evidence
  • Digital Forensics
  • Forensic Reporting
  • Corporate Fraud Investigation

Topics Covered:

  • Introduction to Money Laundering
  • Prevention of Money Laundering Act (PMLA)
  • Know Your Customer (KYC)
  • Customer Due Diligence (CDD)
  • Suspicious Transaction Reporting (STR)
  • Financial Intelligence Unit (FIU)
  • AML Compliance Framework
  • Regulatory Reporting

What Our Students Say

This is one of the best practical Cost Accounting courses I've taken. The concepts are explained with real industry examples, making them easy to understand. I now feel much more confident working on Cost Records and Cost Audit assignments."
Rahul SharmaCEO
I was struggling with Cost Accounting during my CMA preparation. This course simplified every topic and the practical approach helped me understand concepts much faster. Highly recommended for commerce students
Priya GuptaJaipur, Rajasthan
The instructor explains every topic step by step with practical examples. The notes, case studies, and assignments made learning much more effective than traditional classroom teaching
Aman VermaLucknow, Uttar Pradesh
Excellent course for both students and working professionals. I especially liked the sections on Cost Audit and Cost Records. The mobile app is very convenient for learning anytime
Sneha PatelAhmedabad, Gujarat

FREQUENTLY ASKED QUESTIONS

The course includes 30+ hours of HD video lectures, practical assignments, real-world case studies, and downloadable resources. Since you’ll receive lifetime access, you can complete the course at your own pace without any time restrictions.

Yes. Upon successfully completing the course, you’ll receive an Industry-Recognized Certificate of Completion that you can add to your resume, LinkedIn profile, or professional portfolio.

Absolutely. This course is designed for beginners, commerce students, working professionals, CA/CMA aspirants, finance executives, accountants, and business owners. Every concept is explained from the fundamentals to advanced practical applications.

Yes. You can access the course anytime through our Learning App or on your laptop, desktop, or tablet. Your learning progress is automatically synchronized across all devices.

Yes. Once enrolled, you’ll receive 1 Year to all course videos, study materials, assignments, future updates, and any newly added content at no extra cost.

Yes. Along with the video lectures, you’ll receive:

  • Comprehensive PDF Notes
  • Practical Excel Templates
  • Cost Sheet Formats
  • Case Study Files
  • Assignment Worksheets
  • Practice Questions
  • Downloadable Reference Material
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