CA, CS, CMA : The amendment introduces strict personal liability for senior management in maintaining cost records. It ensures accountability by...
Income Tax : Inventory Valuation under the Income-tax Act, 2025: A Critical Area for Financial, Tax, and Cost Auditors - Analytical Study of ...
Company Law : MCA has intensified scrutiny of Cost Audit filings and is issuing notices (currently for FY 2020–21) under Section 148(7) of the...
CA, CS, CMA : This explains why power, oil, gas, and coal companies fall under mandatory cost audit regulations. The key takeaway is that meetin...
Company Law : This explains when manufacturing companies must undergo cost audit based on turnover thresholds. The key takeaway is that exceedin...
CA, CS, CMA : ICMAI issues revised Code of Ethics for CMAs, effective June 1, 2025, including independence standards for audit and assurance eng...
CA, CS, CMA : The Institute of Cost Accountants of India releases an Exposure Draft on Cost Management in Healthcare Services. Public comments a...
Company Law : Explore ICMAI detailed analysis of the Govt. committee report on enhancing cost audit effectiveness. Read insights & recommendatio...
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...
CA, CS, CMA : A detailed guide from Institute of Cost Accountants of India about mandatory communication regulations for Cost Accountants. Under...
Company Law : Representations have been received from various stakeholders for extension of last date of filing of Cost Audit Report to the Boar...
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 ...
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...
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...
MCA issues notices for non-filing or delayed filing of cost audit reports under Section 148 of the Companies Act. Learn about penalties and response strategies.
Cost audit and cost records serve as essential tools for achieving these objectives, enabling companies to monitor, control, and optimize their expenses. Cost audit and cost records play a crucial role in the financial and operational management of companies.
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.
Understand cost records and audit rules for the construction industry, including applicability, special features, and benefits for better cost control and compliance.
Explore effective cost-saving strategies for overheads using cost records, audits, and reports. Learn classification, MIS reporting, and actionable control measures.
Learn how cost records, audits, and analytical reports help reduce employee costs in various industries and improve efficiency in production and service sectors.
Discover how cost audit reports assist industries in optimizing resources, reducing costs, and improving profitability through detailed analyses and actionable insights.
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.
Learn about cost audit applicability, exemptions, and compliance under Section 148 of the Companies Act, 2013, including regulated sectors, forms, and key criteria.
Explore ICMAI detailed analysis of the Govt. committee report on enhancing cost audit effectiveness. Read insights & recommendations for various sectors.
