CMA Final · Cost and Management Audit · Cost Audit Programme
Which of the following is listed in SCA 102 as one of the additional purposes served by cost audit documentation?
SCA 102 states that one additional purpose of cost audit documentation is retaining a record of matters of continuing significance to future cost audits. It supports planning, supervision, accountability and quality reviews, but does not replace the report or the entity's cost records.
- ADetermining the remuneration payable to the cost auditor
- BRetaining a record of matters of continuing significance to future cost auditsCorrect
- CReplacing the need for a written Cost Audit Report
- DSubstituting for the management's cost records
Explanation
SCA 102 lists, among additional purposes, retaining a record of matters of continuing significance to future cost audits. Documentation does not fix remuneration, replace the report, or substitute for the entity's cost records.
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