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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 1740 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 14520 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 2724 Views 0 comment Print

Cost Records Maintenance- Applicability Criteria & How to maintain records

Company Law : Explore the essentials of Cost Records Maintenance as per Companies Act. Learn criteria, exemptions, formats, and importance of co...

August 21, 2023 8652 Views 0 comment Print

Cost Accounting under Section 148 of Companies Act, 2013 & challenges

Company Law : Explore Cost Accounting under Section 148 of the Companies Act, 2013, its requirements, and practical challenges faced by industri...

March 4, 2023 3711 Views 4 comments Print


Latest News


ICMAI Releases Exposure Draft on Capacity Determination (Revised)

CA, CS, CMA : ICMAI has published an Exposure Draft on revised Cost Accounting Standard (CAS-2) for Capacity Determination. Learn about changes ...

September 17, 2023 753 Views 0 comment Print

Exposure Draft of the Revised Standards on Cost Auditing (SCAs)

CA, CS, CMA : CAASB Request for Comments on Exposure Draft of the Revised Standards on Cost Auditing (SCAs) Second Proviso to Section 148(3) of...

June 3, 2022 486 Views 0 comment Print

Advisory on Treatment of Various Items of Cost in view of COVID19

CA, CS, CMA : Advisory on the Treatment of various items of Cost in light of Covid-19 pandemic & their Presentation / Disclosures in form CRA 3 ...

April 4, 2021 921 Views 0 comment Print

Cost Accounting Standard on Cost of Production / Acquisition / Supply of Goods / Provision of Services

CA, CS, CMA : CAS-4 (REVISED 2018) COST ACCOUNTING STANDARD ON COST OF PRODUCTION / ACQUISITION / SUPPLY OF GOODS / PROVISION OF SERVICES The fo...

March 1, 2019 6285 Views 0 comment Print

Guidance Note on Compilation Engagements by a Cost Accountant

CA, CS, CMA : Introduction The purpose of this Guidance Note on Compilation Engagements by a Cost Accountant is to provide guidance on the cost ...

March 1, 2019 1299 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 3741 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 2988 Views 0 comment Print


Latest Posts in Cost accounting standard

Cost Auditor Appointment & Compliance Under Companies Act 2013

January 22, 2024 1740 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 14520 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 2724 Views 0 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.

ICMAI Releases Exposure Draft on Capacity Determination (Revised)

September 17, 2023 753 Views 0 comment Print

ICMAI has published an Exposure Draft on revised Cost Accounting Standard (CAS-2) for Capacity Determination. Learn about changes and how it impacts cost statements.

Cost Records Maintenance- Applicability Criteria & How to maintain records

August 21, 2023 8652 Views 0 comment Print

Explore the essentials of Cost Records Maintenance as per Companies Act. Learn criteria, exemptions, formats, and importance of compliance.

Cost Accounting under Section 148 of Companies Act, 2013 & challenges

March 4, 2023 3711 Views 4 comments Print

Explore Cost Accounting under Section 148 of the Companies Act, 2013, its requirements, and practical challenges faced by industries in implementing cost accounting practices.

Budget 2023 proposes valuation of inventory by a cost accountant

February 4, 2023 6942 Views 0 comment Print

In order to ensure that the inventory is valued in accordance with various provisions of law, it is proposed to amend section 142 of the Act relating to Inquiry before assessment to ensure the following:-(i) To enable the Assessing Officer to direct the assessee to get the inventory valued by a cost accountant,

Need of Cost & Management Accounting & Role in providing healthcare services at affordable prices

January 9, 2023 1989 Views 0 comment Print

Discover the crucial role of Cost & Management Accounting in delivering affordable and quality healthcare services. Uncover the need for cost reform in the healthcare sector, exploring the challenges and benefits. Explore the impact of India’s largest health insurance scheme, ABPM-JAY, and the importance of effective cost management in achieving equitable healthcare for all.

Exposure Draft of the Revised Standards on Cost Auditing (SCAs)

June 3, 2022 486 Views 0 comment Print

CAASB Request for Comments on Exposure Draft of the Revised Standards on Cost Auditing (SCAs) Second Proviso to Section 148(3) of the Companies Act, 2013 states that the auditor conducting cost audit shall comply with the cost auditing standards. As per ‘Explanation’ below this proviso, the expression ‘cost auditing standards’ mean such standards as issued by […]

Standard Costing: Easy and Simple way to learn Formula

May 20, 2021 47811 Views 1 comment Print

Most of the students thought that the topic STANDARD COSTING is very time consuming and have covered only 5-10 marks in Exams, so chal yr leave it, itne me to koi aur topic cover kr lege. Actually the problem is not that we can’t understand the concepts of this chapter, but the issue is to […]