Cost Governance - Role and Importance of Costing Standards and Principles
DOI:
https://doi.org/10.33516/maj.v54i9.22-25pKeywords:
No Keywords.Abstract
Cost Governance is very critical to achieve Corporate Governance. Governance Mechanism has come a long way from Companies Act 1956 to Companies Act 2013. Cost Accounting Standards, Cost Auditing Standards, Generally Accepted Cost Accounting Principles plays a key role in Cost Governance. Cost Conscious Indian Customers are forcing Market leaders to change their business models. With Continuous professional updates, CMA’s can play a major lead role to achieve Cost Governance in their respective Organisations.Downloads
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