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Cost accounting standard

Latest Articles


Comply without delay with timeline of Cost Audit 2023-24

CA, CS, CMA : Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs...

May 15, 2024 5088 Views 0 comment Print

Applicability & Non-Compliance in Cost Records/Audit: MCA Notices & ICMAI Advisory

CA, CS, CMA : Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results ...

May 13, 2024 10464 Views 0 comment Print

Cost Auditor Appointment & Compliance Under Companies Act 2013

Company Law : Navigate the complexities of Cost Auditor appointments, remuneration, removal, and resignation under the Companies Act, 2013. Lear...

January 22, 2024 9159 Views 0 comment Print

Cost Record Maintenance & Audit applicability under Companies Act, 2013

Company Law : The article provides an in-depth understanding of provisions related to maintenance of cost records and applicability of cost audi...

January 15, 2024 23055 Views 0 comment Print

Cost Auditor Appointment: Regulations, Procedure & Consequences

CA, CS, CMA : Explore the when, why, and how of appointing a cost auditor under the Companies Act. Learn about eligibility, procedure, and conse...

November 24, 2023 19584 Views 1 comment Print


Latest News


CCI Proposes New Cost of Production Regulations 2025

Corporate Law : The Competition Commission of India seeks public feedback on the draft Cost of Production Regulations 2025, replacing the 2009 rul...

February 19, 2025 546 Views 0 comment Print

Technical Guide on Cost Management in Healthcare Services

CA, CS, CMA : The Institute of Cost Accountants of India releases an Exposure Draft on Cost Management in Healthcare Services. Public comments a...

February 16, 2025 363 Views 0 comment Print

CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination

CA, CS, CMA : Explore revised CAS-2 (2024) standard for capacity determination, issued by Institute of Cost Accountants of India, ensuring consi...

May 18, 2024 684 Views 1 comment Print

Guidance Note on Inventory Valuation under Income Tax Act 1961

Income Tax : Learn how to prepare Inventory Valuation Reports under Section 142(2A) of the Income Tax Act, 1961 with our comprehensive Guidance...

May 10, 2024 3114 Views 0 comment Print

ICMAI Advisory: Unit of Measure & Cost Audit Report Submission

CA, CS, CMA : ICMAI issues advisory for members regarding Annexures in Cost Audit Reports & timely submission. Ensure compliance for statutory r...

May 10, 2024 810 Views 0 comment Print


Latest Notifications


GST details in Draft Companies (Cost Records and Audit) Amendment Rules, 2018

Company Law : Pursuant to introduction of GST, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to incorporate resultant cha...

August 6, 2018 3879 Views 0 comment Print

Revised Master Circular on Cost Accounting Records and Cost Audit

Company Law : As per provisions of the Cost Audit Report Rules that are in force from time-to­-time, a cost auditor is required to comment on ...

November 11, 2017 3057 Views 0 comment Print


Latest Posts in Cost accounting standard

CCI Proposes New Cost of Production Regulations 2025

February 19, 2025 546 Views 0 comment Print

The Competition Commission of India seeks public feedback on the draft Cost of Production Regulations 2025, replacing the 2009 rules to align with evolving competition laws.

Technical Guide on Cost Management in Healthcare Services

February 16, 2025 363 Views 0 comment Print

The Institute of Cost Accountants of India releases an Exposure Draft on Cost Management in Healthcare Services. Public comments are invited until March 4, 2025.

CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination

May 18, 2024 684 Views 1 comment Print

Explore revised CAS-2 (2024) standard for capacity determination, issued by Institute of Cost Accountants of India, ensuring consistency in capacity measurement.

Comply without delay with timeline of Cost Audit 2023-24

May 15, 2024 5088 Views 0 comment Print

Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs (MCA) as per regulatory requirements.

Applicability & Non-Compliance in Cost Records/Audit: MCA Notices & ICMAI Advisory

May 13, 2024 10464 Views 0 comment Print

Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results in issue of Notices by MCA and advisory by ICMAI

Guidance Note on Inventory Valuation under Income Tax Act 1961

May 10, 2024 3114 Views 0 comment Print

Learn how to prepare Inventory Valuation Reports under Section 142(2A) of the Income Tax Act, 1961 with our comprehensive Guidance Note. Get insights on legal provisions, standards, and FAQs.

ICMAI Advisory: Unit of Measure & Cost Audit Report Submission

May 10, 2024 810 Views 0 comment Print

ICMAI issues advisory for members regarding Annexures in Cost Audit Reports & timely submission. Ensure compliance for statutory requirements.

Cost Auditor Appointment & Compliance Under Companies Act 2013

January 22, 2024 9159 Views 0 comment Print

Navigate the complexities of Cost Auditor appointments, remuneration, removal, and resignation under the Companies Act, 2013. Learn about the criteria, timelines, and procedures for compliance.

Cost Record Maintenance & Audit applicability under Companies Act, 2013

January 15, 2024 23055 Views 0 comment Print

The article provides an in-depth understanding of provisions related to maintenance of cost records and applicability of cost audit under Companies Act, 2013.

Cost Auditor Appointment: Regulations, Procedure & Consequences

November 24, 2023 19584 Views 1 comment Print

Explore the when, why, and how of appointing a cost auditor under the Companies Act. Learn about eligibility, procedure, and consequences of non-compliance.

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