Which of the following is/are beneficiary(s) of cost audit? 1. Manager 2. Shareholders and investors 3. Society and consumers 4. Government Select the correct answer:

The correct answer is D. All of the above.

Cost audit is a type of audit that focuses on the costs of an organization. It is used to ensure that costs are being incurred in a reasonable and efficient manner. The beneficiaries of cost audit include:

• Managers: Cost audit can help managers to identify areas where costs can be reduced. This can lead to improved efficiency and profitability.
• Shareholders and investors: Cost audit can help shareholders and investors to understand the costs of an organization. This can help them to make informed decisions about whether or not to invest in the organization.
• Society and consumers: Cost audit can help to ensure that organizations are not overcharging for their products or services. This can lead to lower prices for consumers and a more efficient economy.
• Government: Cost audit can help the government to ensure that organizations are not wasting taxpayers’ money. This can lead to a more efficient and effective government.

In conclusion, cost audit is a valuable tool that can benefit a wide range of stakeholders. It can help to improve efficiency, profitability, and transparency.