A General Outlook on the Auditing of Production Costs

Auditing is in a very important and critical position today for firms of today’s business world. That is because, auditing avoids asset losses and at the same time enables efficiency as well as productivity. Also, the technological improvements observed in the recent years have made the critical role of auditing more clear. Cost elements of a business should be consistently audited in a determined manner in order to control the production costs. This study mainly discusses the significant issues that should be focused in order to audit production costs