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    (A) Audit (B) Taxation (C) Corporate Laws (D) Certification (E) Insurance

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    ygshsonar
    This document outlines the various statutory and non-statutory fields that cost accountants can work in. It lists the types of audits cost accountants can undertake such as cost audits, excise audits, and internal audits. It also lists the various certificates cost accountants can issue in areas like valuation, excise, and under various regulatory authorities. Additionally, it describes how cost accountants can appear as authorized representatives before quasi-judicial bodies. Finally, it lists non-statutory fields like project consultancy, financial management, tax planning, and operational audits that cost accountants can work in, and concludes that there is significant scope for work in these various areas.

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    (A) Audit (B) Taxation (C) Corporate Laws (D) Certification (E) Insurance

    Uploaded by

    ygshsonar
    52 views6 pages
    This document outlines the various statutory and non-statutory fields that cost accountants can work in. It lists the types of audits cost accountants can undertake such as cost audits, excise audits, and internal audits. It also lists the various certificates cost accountants can issue in areas like valuation, excise, and under various regulatory authorities. Additionally, it describes how cost accountants can appear as authorized representatives before quasi-judicial bodies. Finally, it lists non-statutory fields like project consultancy, financial management, tax planning, and operational audits that cost accountants can work in, and concludes that there is significant scope for work in these various areas.

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    Cost Audit

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    This document outlines the various statutory and non-statutory fields that cost accountants can work in. It lists the types of audits cost accountants can undertake such as cost audits, excise audits, and internal audits. It also lists the various certificates cost accountants can issue in areas like valuation, excise, and under various regulatory authorities. Additionally, it describes how cost accountants can appear as authorized representatives before quasi-judicial bodies. Finally, it lists non-statutory fields like project consultancy, financial management, tax planning, and operational audits that cost accountants can work in, and concludes that there is significant scope for work in these various areas.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    52 views6 pages

    (A) Audit (B) Taxation (C) Corporate Laws (D) Certification (E) Insurance

    Uploaded by

    ygshsonar
    This document outlines the various statutory and non-statutory fields that cost accountants can work in. It lists the types of audits cost accountants can undertake such as cost audits, excise audits, and internal audits. It also lists the various certificates cost accountants can issue in areas like valuation, excise, and under various regulatory authorities. Additionally, it describes how cost accountants can appear as authorized representatives before quasi-judicial bodies. Finally, it lists non-statutory fields like project consultancy, financial management, tax planning, and operational audits that cost accountants can work in, and concludes that there is significant scope for work in these various areas.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    Download as ppt, pdf, or txt
    of 6

    I.

    Statutory & specific Fields

    (a) Audit
    (b) Taxation
    (c) Corporate laws
    (d) Certification
    (e) Insurance
    Cost Accountants can undertake following types of Audits:
    1. Cost Audit under Section 233B of the Companies Act, 1956.
    2. Central Excise Audit under Section 14A of Central Excise Act, 1944.
    3. Central Excise Special Audit under Section 14AA of the Central
    Excise Act, 1944
    4. Internal Audit
    5. Inventory Audit
    6. Concurrent Audits in Banks.
    7. Sales Tax / VAT Audit.
    8. Telecom Regulatory Authority of India (TRAI) Audit.
    9. Special Audit under Customs Act.
    10. Management and Operational Audit etc.
    11. Service Tax Audit
    12. Anti-Dumping.
    Various Certificates issued by Practising Cost
    Accountant:
    1. Under Exim Policy
    2. Valuation of Assets
    3. Under Excise Act
    4. Under FEMA
    5. Under Companies Act
    6. Under Regulatory authorities
    7. Under Anti-Dumping regulations
    8. Certificates to the Banks and Financial
    Institutions etc.
    A Cost Accountant in practice can appear as authorized
    representative before several quasi-judicial bodies:

    1. Income Tax Appellate Tribunal under the Income Tax Act,


    1961.
    2. Company Law Board Regulations, 1991
    3. Customs, Excise and Service Tax Appellate Tribunal under
    Central Excise Act, 1944 .
    4. National Company Law Tribunal and National Company Law
    Appellate Tribunal
    5. Competition commission of India.
    6. Telecom Disputes Settlement and Appellate Tribunal.
    7. Securities Appellate Tribunal under Securities Contracts
    (Regulation) Act, 1956
    8. Monopolies & Restrictive Trade Practices Regulations, 1974.
    9. Central Electricity Regulatory Commission.
    II. Non-Statutory and General Fields:
    1. System design, Installation and Operation
    2. Techno-economic study
    3. Services to Banks, Insurance Companies and other Financial
    Institutions
    4. Financial Management
    5. Project Consultancy
    6. Materials Management
    7. Management Accountancy
    8. Tax Planning
    9. Diagnostic Accounting and Revival of Sick units
    10. Investment Counseling and Portfolio Management
    11. Internal Management and Operational Audit
    12. Organizations Structure Review
    CONCLUSION

    By study of this topic we conclude that


    there is tremendous scope for a
    practice to a ‘Cost Accountant’ in
    various areas to be worked

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