This 2023 Edition of Cost and Management Audit by FCMA Govada Chalapathi Rao (G.C. Rao) is a part of the CMA Knowledge Series, tailored for CMA Final – Group 4, Paper 17 under the New Syllabus 2022. It is applicable for the June 2023 and onwards examinations and offers a thorough, exam-oriented approach to mastering the concepts and applications of cost and management audit practices.

The book covers the entire syllabus prescribed by the Institute of Cost Accountants of India (ICAI-CMA), blending theory, statutory provisions, and practical insights to prepare students for both professional competence and examination success.

Key Coverage Includes:

• Framework, objectives, and scope of cost and management audits

• Cost records and cost accounting standards

• Audit planning, procedures, and techniques

• Cost audit report – structure, contents, and e-filing

• Performance appraisal reporting

• Management audit – scope, tools, and reporting

• Internal audit and operational audit perspectives

• Audit under various statutes and sector-specific cost audit requirements

Salient Features:

• Complete coverage of ICMAI’s prescribed syllabus for Paper 17

• Detailed explanation of concepts with practical examples and case studies

• Inclusion of past examination questions with solutions

• Step-by-step guidance on statutory compliance and report preparation

• Summarised points for quick revision before exams

• Useful for both academic preparation and on-the-job application

This edition is particularly suitable for:

• CMA Final students preparing for Paper 17 under the New Syllabus 2022

• Professionals involved in audit, cost accounting, and compliance functions

• Practicing cost accountants requiring an updated reference

• Educators and trainers delivering CMA Final courses

Whether for self-study or guided instruction, this book equips aspirants with the knowledge, methodology, and confidence to excel in Cost and Management Audit at both examination and professional levels.