CMA Final Book Cost & Management Audit (CMAD) By CA Tarun Agarwal, Leena Lalit Parakh For Dec 2025 Exam

CMA Final Book Cost & Management Audit (CMAD) By CA Tarun Agarwal, Leena Lalit Parakh For Dec 2025 Exam

Description

The Present Publication is the 1st Edition for the December 2025/June 2026 Exams. This book is authored by CA. Tarun Agarwal and CA. Leena Lalit Parakh, with the following noteworthy features:

• [Fully Solved Past Exam Questions till June 2025] Ensures exam-oriented coverage
• [Module-wise Marks Distribution & Trend Analysis] Helps prioritise chapters based on exam weightage
• [Tabular Summaries] at the beginning of each chapter for quick recall and revision
• [Module-wise Comparison with ICMAI Study Material] Ensures nothing is left out.
• [Blend of Theory & Practical Questions] Balances conceptual depth with problem-solving
• [Easy-to-read Structure] Along with diagrams, flowcharts, and tables for clarity

The book is divided into four major sections, each covering crucial audit domains:

• Section A | Cost Audit
  • Legal framework, cost records, and cost auditor qualifications
  • Cost Accounting Standards (CAS) & GACAP
  • Cost Auditing & Assurance Standards (CAAS)
  • Planning, audit programme, documentation, execution
  • Preparation & filing of Cost Audit Reports in XBRL (as per MCA taxonomy)
• Section B | Management Audit
  • Basics – Definitions, scope, reporting needs
  • Performance, productivity & capacity utilisation analysis
  • Audit of Management Functions – Corporate services, development, HR, CSR, environment, energy, and efficiency
  • Specialised Audits – Propriety Audit, Social Cost Benefit Analysis, ESG Audit
  • Role of CMAs in management audit
• Section C | Internal & Operational Audit
  • Internal control framework and auditor’s role
  • Evolution and scope of Internal Audit under Companies Act 2013
  • Internal audit in manufacturing companies and reporting under CARO
  • Operational Audit – techniques, engagement letters, role of CMAs
  • Sector-specific Audits – Hospitals, hotels, educational institutions, NGOs, co-operatives, local bodies, and government expenditure
• Section D | Forensic Audit & Anti-Money Laundering
  • Forensic Audit | Introduction, fraud risk management, forensic techniques, ethics, and professional opportunities
  • Anti-money Laundering – International standards, the accounting profession’s role, risk-based approach, compliance framework