Cost Audit & Cost AnalysisThe global economic downturn is having a significant impact on every industry, regardless of its size or nature. Needless to say every industry needs to optimize its resources to minimize the cost and to make the operation more profitable.
Cost auditing is the process of determining if a company’s manufacturing, marketing, and sales processes, as well as other parts of its operations, are being managed in the most cost-effective manner possible. This is simply an internal audit carried out to improve management efficiency. The essential benefit derived from this is the identification of undetected income leaks or inefficient or underproductive resource use.
Our cost accounting experts will work with you to increase operational efficiency and profitability.
Our cost audit and analysis comprises of:
Cost Process Efficiency- This exercise focuses on cost-effectiveness, as well as related operational procedures, applications, and controls.
Cost Assessment- A detailed examination of quantitative and qualitative processes, including a comparison of present performance to cost-cutting opportunities.