CA, CS, CMA : Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs...
CA, CS, CMA : Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results ...
Company Law : Navigate the complexities of Cost Auditor appointments, remuneration, removal, and resignation under the Companies Act, 2013. Lear...
Company Law : The article provides an in-depth understanding of provisions related to maintenance of cost records and applicability of cost audi...
CA, CS, CMA : Explore the when, why, and how of appointing a cost auditor under the Companies Act. Learn about eligibility, procedure, and conse...
CA, CS, CMA : CAS-25 standardizes principles for inventory valuation, including cost components and NRV rules. It applies from 12 February 2026 ...
Corporate Law : The Competition Commission of India seeks public feedback on the draft Cost of Production Regulations 2025, replacing the 2009 rul...
CA, CS, CMA : The Institute of Cost Accountants of India releases an Exposure Draft on Cost Management in Healthcare Services. Public comments a...
CA, CS, CMA : Explore revised CAS-2 (2024) standard for capacity determination, issued by Institute of Cost Accountants of India, ensuring consi...
Income Tax : Learn how to prepare Inventory Valuation Reports under Section 142(2A) of the Income Tax Act, 1961 with our comprehensive Guidance...
Company Law : Pursuant to introduction of GST, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to incorporate resultant cha...
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 ...
Transfer pricing comes into use when various divisions of a company deal with one another. A transfer price is that notional value at which goods and services are to be transferred by the supply division to receiving division. The goods that are produced by the buying division and sold to the outside world are known as final products.
With issue of various circulars, cost audit orders and notifications with regard to Cost Accounting, the MCA has set the stage for collection of the authentic information (duly approved by Bard of Directors and verified by a Cost Accountant) with regard to various industries for use by various Ministries.
Cost Accounting Standards Board, the standard-setting body of the Institute, has approved the release of Exposure Draft of Guidance Note on Cost Accounting Standard – 9 on Packing Material Cost (CAS – 9). The proposed Exposure Draft may be modified in light of comments received before being issued in final form.
Cost Accounting Standards Board, the standard-setting body of the Institute, has approved the release of Exposure Draft of Revised Cost Accounting Standard – 2 on Capacity Determination (CAS – 2). The proposed standard may be modified in light of comments received before being issued as a standard in final form.
Cost Accounting Standards Board, the standard-setting body of the Institute, has approved the release of Exposure Draft of Cost Accounting Standard – 14 on Pollution Control Cost (CAS – 14). The proposed standard may be modified in light of comments received before being issued as a standard in final form.
The Institute has already released the revised Guidance Note on CAS-4 and requested for comments / suggestions on the same upto 10th October 2011. Based on the request of the members it has been decided to extend the last date for submission of the comments up to 31st October 2011. The Draft is available on the website of the Institute i.e. www.icwai.org.
The Cost Accounting Standards Board Secretariat has prepared a revised Guidance Note on Cost Accounting Standard -4 (CAS-4). This note has been exposed for the public comments. The proposed Exposure Draft shall be modified in light of comments received before being issued in the final form. I request all of you to please submit your views / comments / suggestions on the same latest by October 10, 2011 to the CASB Secretariat. I also request the members to send their views on the Generally Accepted Cost Accounting Principles, which has been already exposed for public comments.
The Cost Accounting Standards Board Secretariat has prepared a revised Guidance Note on CAS-4. It has been decided to expose the same for the public comments. The proposed Exposure Draft may be modified in light of comments received before being issued in the final form.
Important Announcement for students- Sub : Cost Accounting Standards- It may be noted that Cost Accounting Standards (CAS ) 1 – 12 will be applicable for the students appearing in June 2011 term of Examination.
I am happy to share with the members that Mr.Chandra Wadhwa, Past President of ICWAI made a presentation on the Role of Cost Auditors and maintenance of Cost Accounting Records in the regime of proposed Companies Bill, 2009. This seminar was attended
