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| As the global economic recession is playing a big role on every industry irrespective of its size and nature. Needless to say every industry needs to optimize its resources to reduce the cost and to make the operation more profitable. | ||||||
Cost Audit is the process of ascertaining whether the production, marketing and sales processes as well as other aspects of a business are managed in the most cost effective way. This is essentially an Internal Audit and is done as a tool for optimising management efficiency. The most important benefit is the location of unseen leaks in revenues or unproductive or under- productive employment of resources
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