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Cost Audit

Latest Articles


Cost Records & Audit in Construction Industry: Applicability & Benefits

CA, CS, CMA : Understand cost records and audit rules for the construction industry, including applicability, special features, and benefits for...

February 8, 2025 387 Views 0 comment Print

Cost Saving Ideas in Overheads Cost through Cost Records, Cost Audit and Cost Reporting System

CA, CS, CMA : Explore effective cost-saving strategies for overheads using cost records, audits, and reports. Learn classification, MIS reportin...

January 10, 2025 1224 Views 2 comments Print

Cost Saving in Employee Costs via Cost Records, Audits & Reporting System

CA, CS, CMA : Learn how cost records, audits, and analytical reports help reduce employee costs in various industries and improve efficiency in ...

December 5, 2024 381 Views 0 comment Print

Benefits of Cost Audit for Industry Efficiency and Profit

CA, CS, CMA : Discover how cost audit reports assist industries in optimizing resources, reducing costs, and improving profitability through det...

November 5, 2024 405 Views 0 comment Print

Cost Saving in Materials via Cost Audit & Reporting System

CA, CS, CMA : Discover cost-saving strategies for material costs in manufacturing through efficient cost records, audits, and reporting systems....

October 6, 2024 648 Views 0 comment Print


Latest News


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

Govt. report on Cost Accounting Records & Cost Audit 2024

Company Law : Explore ICMAI detailed analysis of the Govt. committee report on enhancing cost audit effectiveness. Read insights & recommendatio...

July 10, 2024 3480 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


Guidelines for Mandatory Communication to Preceding Cost Auditor

CA, CS, CMA : A detailed guide from Institute of Cost Accountants of India about mandatory communication regulations for Cost Accountants. Under...

May 26, 2023 1185 Views 0 comment Print

Extension of last date of filing of Cost Audit Report to Board of Directors

Company Law : Representations have been received from various stakeholders for extension of last date of filing of Cost Audit Report to the Boar...

September 27, 2021 11070 Views 0 comment Print

Extension of Last Date of Filing Cost Audit Report for FY 2019-20

Company Law : It has been decided that if cost audit report for the financial year 2019-20 by the cost auditor to the Board of Directors of the ...

September 10, 2020 8736 Views 0 comment Print

Last date of filing of CRA-4 (cost audit report) extended to 29.02.2020

Company Law : General Circular No. 17/2019- Last date of filing of CRA-4 (cost audit report) for all eligible companies for the Financial Year 2...

December 30, 2019 3081 Views 0 comment Print

Companies (cost records and audit) Amendment Rules, 2019

Company Law : The companies who have already filed their Cost Audit Report in form CRA-4 for the financial year 2018-19 with the Central Governm...

October 15, 2019 20736 Views 1 comment Print


Latest Posts in Cost Audit

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.

Cost Records & Audit in Construction Industry: Applicability & Benefits

February 8, 2025 387 Views 0 comment Print

Understand cost records and audit rules for the construction industry, including applicability, special features, and benefits for better cost control and compliance.

Cost Saving Ideas in Overheads Cost through Cost Records, Cost Audit and Cost Reporting System

January 10, 2025 1224 Views 2 comments Print

Explore effective cost-saving strategies for overheads using cost records, audits, and reports. Learn classification, MIS reporting, and actionable control measures.

Cost Saving in Employee Costs via Cost Records, Audits & Reporting System

December 5, 2024 381 Views 0 comment Print

Learn how cost records, audits, and analytical reports help reduce employee costs in various industries and improve efficiency in production and service sectors.

Benefits of Cost Audit for Industry Efficiency and Profit

November 5, 2024 405 Views 0 comment Print

Discover how cost audit reports assist industries in optimizing resources, reducing costs, and improving profitability through detailed analyses and actionable insights.

Cost Saving in Materials via Cost Audit & Reporting System

October 6, 2024 648 Views 0 comment Print

Discover cost-saving strategies for material costs in manufacturing through efficient cost records, audits, and reporting systems. Control costs at procurement, storage, and usage stages.

Comprehensive Guide to Cost Audit Applicability, Exemptions & Compliance

September 11, 2024 5763 Views 0 comment Print

Learn about cost audit applicability, exemptions, and compliance under Section 148 of the Companies Act, 2013, including regulated sectors, forms, and key criteria.

Govt. report on Cost Accounting Records & Cost Audit 2024

July 10, 2024 3480 Views 0 comment Print

Explore ICMAI detailed analysis of the Govt. committee report on enhancing cost audit effectiveness. Read insights & recommendations for various sectors.

Committee Constituted by MCA & FM recommends for major increase of scope of Cost Audit in India

July 7, 2024 6654 Views 1 comment Print

Discover the latest recommendations by MCA & FM’s Committee to expand cost audit rules in India. Explore changes in turnover limits, sector inclusions, audit formats, and more.

Cost Audit and Cost Records applicability 2024-25

June 24, 2024 24594 Views 2 comments Print

Understand Cost Audit applicability for 2024-25. Learn about non-compliance consequences and how to avoid show cause notices. Insights by CMA Navneet Kumar Jain.

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