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...
Navigating your first cost audit? Learn the procedure, cost records preparation, utility cost sheet format, and filing the cost audit report. A step-by-step guide for a smooth process.
Explore the when, why, and how of appointing a cost auditor under the Companies Act. Learn about eligibility, procedure, and consequences of non-compliance.
Article explains essentials of cost audits, from scope to consequences for non-compliance. Understand rules, regulations, and conduct to ensure accurate cost reporting.
In this comprehensive guide, we will explore the intricacies of cost sheets, their purpose, the format they follow, and their profound impact on decision-making within organizations.
Discover how Institute of Cost Accountants of India assists in inventory valuation under Income Tax Section 142(2A). Insights on regulations, webinars, and guidance.
Unlock secrets of cost audits with our comprehensive FAQ guide. Learn about selection, remuneration, applicability, and more. Stay compliant and informed.
Explore the essentials of Cost Records Maintenance as per Companies Act. Learn criteria, exemptions, formats, and importance of compliance.
Received a Cost Audit Notice? Understand the reasons and take necessary steps. Applicability of Cost Audit is crucial for companies. Seek expert advice, analyze filings, and respond with proper justifications.
A detailed guide from Institute of Cost Accountants of India about mandatory communication regulations for Cost Accountants. Understand format and implications of non-compliance.
Understand the applicability of Cost Audit and Maintenance of Cost Records in the Construction Industry. Learn about rules, coverage, turnover criteria, and the duties of companies for appointment of cost auditors. Explore different Construction Project Models like PPP, Real Estate Development, and EPC Contracting. Consequences of non-compliance and steps required for maintaining cost records. Expert insights shared by Guruprakash N. Bhambore, Secretary-The Bombay Commodity Association Ltd.
