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cost records

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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 396 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 1236 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 387 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 3525 Views 0 comment Print

Comply without delay with timeline of Cost Audit 2023-24

CA, CS, CMA : Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs...

May 15, 2024 5106 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 369 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 3525 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 696 Views 1 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 987 Views 0 comment Print

Advisory on Filing of Cost Audit Report for year 2017-18

Company Law : The companies which produce products covered under excise even after July 1st, 2017 will continue to furnish the information in t...

July 17, 2018 7479 Views 2 comments 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 1188 Views 0 comment Print

Companies (cost records and audit) Amendment Rules, 2018

Company Law : MCA notifies Companies (cost records and audit) Amendment Rules, 2018 to further amend Companies (cost records and audit) Rules, 2...

December 3, 2018 8724 Views 0 comment Print

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 3888 Views 0 comment Print

Companies (Cost Records and Audit) Amendment Rules, 2017

Company Law : 1. These rules may be called the Companies (cost records and audit) Amendment Rules, 2017. 2. In the Companies (cost records and a...

December 7, 2017 2904 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 3060 Views 0 comment Print


Latest Posts in cost records

Technical Guide on Cost Management in Healthcare Services

February 16, 2025 369 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 396 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 1236 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 387 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.

Govt. report on Cost Accounting Records & Cost Audit 2024

July 10, 2024 3525 Views 0 comment Print

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

CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination

May 18, 2024 696 Views 1 comment Print

Explore revised CAS-2 (2024) standard for capacity determination, issued by Institute of Cost Accountants of India, ensuring consistency in capacity measurement.

Comply without delay with timeline of Cost Audit 2023-24

May 15, 2024 5106 Views 0 comment Print

Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs (MCA) as per regulatory requirements.

Applicability & Non-Compliance in Cost Records/Audit: MCA Notices & ICMAI Advisory

May 13, 2024 10473 Views 0 comment Print

Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results in issue of Notices by MCA and advisory by ICMAI

Cost Auditor Appointment & Compliance Under Companies Act 2013

January 22, 2024 9297 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 23184 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.

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