Sponsored
    Follow Us:

cost records

Latest Articles


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 1089 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 1842 Views 0 comment Print

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

CA, CS, CMA : Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results ...

May 13, 2024 9531 Views 0 comment Print

Cost Auditor Appointment & Compliance Under Companies Act 2013

Company Law : Navigate the complexities of Cost Auditor appointments, remuneration, removal, and resignation under the Companies Act, 2013. Lear...

January 22, 2024 4245 Views 0 comment Print

Cost Record Maintenance & Audit applicability under Companies Act, 2013

Company Law : The article provides an in-depth understanding of provisions related to maintenance of cost records and applicability of cost audi...

January 15, 2024 16584 Views 0 comment Print


Latest News


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 1089 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 342 Views 0 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 939 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 7428 Views 2 comments Print

Summary of changes as per Draft Companies (Cost Records and Audit) Amendment Rules, 2017

Company Law : Pursuant to implementation of IndAS, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to bring parity between ...

August 13, 2017 2226 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 1047 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 8430 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 3783 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 2751 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 3003 Views 0 comment Print


Analysis of Companies (cost records and audit) Amendment Rules, 2017

September 21, 2017 5661 Views 0 comment Print

The Ministry of Corporate Affairs, Government of India vide its communication dated August 11,2017 had requested suggestions/comments on the proposed changes in respect of above rules, last issued titled Companies (cost records and audit) Amendment Rules, 2014 Though the last date of submission of suggestions has already lapsed, the writer wants to draw the attention of cost accountants/chartered accountants and company secretaries on the proposed changes which is intended to be disruptive in nature and provoke new thinking.

Summary of changes as per Draft Companies (Cost Records and Audit) Amendment Rules, 2017

August 13, 2017 2226 Views 0 comment Print

Pursuant to implementation of IndAS, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to bring parity between financial records and cost records. Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules, 2017 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments.

Draft Companies (cost records and audit) Amendment Rules, 2017

August 13, 2017 2319 Views 0 comment Print

1. Material Costs-(a) Proper records shall be maintained showing separately all receipts, issues and balances both in quantities and cost of each item of raw material required for the production of goods or rendering of services under reference.

CAASB Invites Suggestion on Draft Guidance Note SCA 101

March 30, 2017 636 Views 0 comment Print

CAASB in its 32nd meeting held on March 21, 2017 considered draft Practical Guide to Standard on Cost Auditing (SCA) 101 – Planning an Audit of Cost Statements

GST and SCNs issued by MCA for non compliance with Cost Audit Provisions

March 29, 2017 4470 Views 0 comment Print

Show Cause Notices (SCNs) issued by MCA for non compliance with the Cost Audit Provisions: Is it a beginning to ensure collection of authenticated data at HSN code level for GST

MCA releases Revised Form 23C, Form 23D, Form I-XBRL & Form A-XBRL

October 13, 2016 2845 Views 0 comment Print

The Ministry of Corporate Affairs has released the new forms relevant to Costing Rules prior to Companies (Cost Records and Audit) Rules 2014: FORM 23C [Pursuant to section 233B(2) of Companies Act, 1956]: Form of application to the Central Government for appointment of cost auditor FORM 23D [Pursuant to section 233B(2) of Companies Act, 1956]:Information […]

A vital role of Business Economist in taking Business Decisions

August 24, 2016 115286 Views 0 comment Print

Neha Dinde As we all aware that business economics is the application of economic theory and methodology to business. Business economics is a field where it uses economic theory & quantitative methods to analyze business enterprises. Business involves decision making. Decision making means the process of selecting one out of two or more alternative courses […]

Comparison of Companies Cost records & audit Rules, 2016 with 2014 Rules

July 18, 2016 22589 Views 0 comment Print

Comparative Statement showing Original Rules 2014 i.e. Companies (cost records and audit) Rules,2014 vis-a-vis Amendment Rules 2016 i.e. Companies (cost records and audit) Amendment Rules, 2016 – issued on 14th July 2016 Notes: All additions are shown in red and deletions are shown in blue. Entire Rules are not given; only changes have been highlighted […]

CII opposed new Companies Bill proposal to make maintenance of cost records mandatory

October 8, 2010 237 Views 0 comment Print

Taking up cudgels on behalf of corporate India, the Confederation of Indian Industry (CII) has expressed itself against making maintenance of cost records mandatory as suggested by the parliamentary standing committee that has studied the Companies B

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031