Cost audit verifies that costs are recorded, controlled, and reported accurately, while strong cost management systems keep an organisation efficient and competitive. This program equips participants with practical cost audit and cost management systems skills, covering how to audit costs and design the systems that control them.
As cost efficiency remains critical, professionals skilled in cost audit and management are valued across finance and operations. This course combines cost audit with cost system design and introduces emerging trends in cost analytics and digital cost management.
Course Objectives
Upon the successful completion of this program, attendees will be able to:
- Understand cost audit concepts
- Understand cost management systems
- Apply cost accounting principles
- Design cost management systems
- Apply costing methods
- Conduct cost audit planning
- Apply cost audit procedures
- Verify cost records and statements
- Assess cost controls
- Identify cost inefficiencies
- Apply cost audit reporting
- Apply cost reduction recommendations
- Manage overhead and allocation audit
- Apply compliance in cost audit
- Improve cost management
- Apply emerging trends in cost analytics and digital cost management
Course Outline
- Module 1: Cost Audit Concepts
- Module 2: Cost Management Systems
- Module 3: Cost Accounting Principles
- Module 4: Designing Cost Management Systems
- Module 5: Costing Methods
- Module 6: Cost Audit Planning
- Module 7: Cost Audit Procedures
- Module 8: Verifying Cost Records & Statements
- Module 9: Assessing Cost Controls
- Module 10: Identifying Cost Inefficiencies
- Module 11: Cost Audit Reporting
- Module 12: Cost Reduction Recommendations
- Module 13: Overhead & Allocation Audit
- Module 14: Compliance in Cost Audit
- Module 15: Emerging Trends: Cost Analytics & Digital Cost Management
Who Should Attend
This course is intended for cost accountants, auditors, finance professionals, and managers who want cost audit and cost management systems skills. A basic cost accounting foundation is helpful.
Registration & Inquiry
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