A re-written history of cost audit / cost accountants (fcma)

DGM-Global Voice Business


A re-written History of Cost Audit / Cost Accountants (FCMA/ACMA)

General circular dated April 11, 2011

General circular no. 15/2011 dated April 11, 2011 regarding appointment of Cost Auditor

 http://members.icwai.org/members/docs/mca/Letter-CAB.pdf

Cost Audit Orders

Cost Audit Order F.No. 52/26/CAB-2010 dated May 02, 2011 for eight industries

http://members.icwai.org/members/docs/mca/cost-order-02052011.pdf

Cost Audit Order F.NO. 52/26/CAB dated May 03, 2011 for six industries

http://members.icwai.org/members/docs/mca/cost-order-03052011.pdf

Cost Audit Order F.No. 52/26/CAB-2010 dated June 30, 2011 for eight industries (modified of Order May 03, 2011)

http://members.icwai.org/members/docs/mca/cost-order-30062011.pdf

Cost Audit Order F.NO. 52/26/CAB-2010 dated January 24, 2012 for Nine industries

http://members.icwai.org/members/docs/mca/cost-order-24012012.pdf

Notifications dated June 03, 2011

The Companies (Cost Accounting Records) Rules 2011 (CARR) vide Notification No. GSR 429(E)

http://members.icwai.org/members/docs/mca/Common_Record_Rules_03jun11.pdf

List of Cost Accounting Records Rules superseded by GSR 429(E)

http://members.icwai.org/members/docs/pd/36_GSR_Superseded.pdf

The Companies (Cost Audit Report) Rules 2011 (CAR) vide Notification No. GSR 430(E)

http://members.icwai.org/members/docs/mca/Revised_Report_Rules_03jun11.pdf

Circular dated November 11, 2011

Master Circular on 2/2011 dated November 11, 2011 on Cost Accounting Records and Cost Audit

Circular dated November 30, 2011

General Circular 67/2011 on Cost Accounting Records and Cost Audit - clarifications coverage of certain sectors thereunder

http://members.icwai.org/members/docs/mca/CostAccountingRecord.pdf

General Circular 68/2011 on Cost Accounting Records and Cost Audit - clarifications applicability and compliance requirements

http://members.icwai.org/members/docs/mca/CostAuditLetter.pdf

Notifications dated December 07, 2011

G.S.R.   869 (E) - Cost Accounting Records (Telecommunication Industry) Rules, 2011

http://members.icwai.org/members/docs/mca/CARR/TELECOM_CARR_869E.pdf

G.S.R. 870 (E) - Cost Accounting Records (Petroleum Industry) Rules, 2011

http://members.icwai.org/members/docs/mca/CARR/PETROLEUM_CARR_870E.pdf

G.S.R. 871 (E) - Cost Accounting Records (Electricity Industry) Rules, 2011

http://members.icwai.org/members/docs/mca/CARR/ELECTRICITY_CARR_871E.pdf

G.S.R. 872 (E) - Cost Accounting Records (Sugar Industry) Rules, 2011

http://members.icwai.org/members/docs/mca/CARR/SUGAR_CARR_872E.pdf

G.S.R. 873 (E) - Cost Accounting Records (Fertilizer Industry) Rules, 2011

http://members.icwai.org/members/docs/mca/CARR/Fertilizer_CARR_873E.pdf

G.S.R. 874 (E) - Cost Accounting Records (Pharmaceutical Industry) Rules, 2011

http://members.icwai.org/members/docs/mca/CARR/PHARMA_CARR_874E.pdf

Frequently Asked Questions

FAQ-1   Companies (Cost Accounting Records) Rules, 2011                      as on 07th Dec. 2011

http://www.icwai.org/icwainew/docs/FAQ/FAQ1.pdf

FAQ-2   Companies (Cost Audit Report) Rules, 2011                                 as on 07th Dec. 2011

http://www.icwai.org/icwainew/docs/FAQ/FAQ2.pdf

FAQ-3 Cost Accounting Records Rules 2011 & Cost Audit Report Rules 2011

http://www.icwai.org/icwainew/docs/FAQ/3-FAQ-CARR-CAR.pdf

FAQ-4   Cost Accounting Records Rules 2011 & Cost Audit Report Rules 2011- 07.12.11

http://www.icwai.org/icwainew/docs/FAQ/FAQ-4.pdf

FAQ-5   Cost Accounting Records Rules 2011 & Cost Audit Report Rules 2011- 22.12.11

http://www.icwai.org/icwainew/docs/FAQ/FAQ5.pdf

Cost accounting Standards

Cost accounting Standards  (CAS1 to CAS 13)

http://casbicwai.org/CASB/casb-resources.asp

Guidance Note on Cost Accounting Standards

Cost Accounting Standard 6 Material Cost (CAS-6)

http://casbicwai.org/CASB/casb-resources.asp

Cost Accounting Standard on Cost of Production for Captive Consumption (CAS-4)

http://casbicwai.org/CASB/casb-resources.asp

Generally Accepted Cost Accounting Principles

GACAP - Generally Accepted Cost Accounting Principles

http://casbicwai.org/CASB/casb-resources.asp

AUDIT QUALITY

GUIDANCE MANUAL FOR AUDIT QUALITY

http://www.qrbicwai.in/qrb/docs/QRB-MANUAL-FINAL.pdf

Exposure Draft

Guidance Note on Classification of Product Group            : suggestions by 31st January 2012

http://members.icwai.org/members/members-comments.asp

XBRL Taxonomy for Cost Audit Report and Compliance Report.  : suggestions by 31st January 2012

http://icwai.org/icwainew/institute-XBRL-taxonomy.asp

Cost Accounting Standard - 14 on Pollution Control Cost (CAS - 14): suggestions by 15th February 2012

http://casbicwai.org/CASB/casb-comments.asp

Circular No 01/ 2012-Customs dated 5th January 2012

Refund of 4% Additional Duty of Customs (4% CVD) in terms of Notification No. 102/2007-Customs dated 14.09.2001-regarding

http://icwai.org/icwainew/docs/circular/Circular-No-01-2012-Customs-dated-05-01-2012.pdf

Gazette  dated  January 13, 2012

No. 10 of 2012: about Institute’s Name Change

http://www.icwai.org/icwainew/docs/Name-change.pdf

 


Total likes : 1 times

 
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Practising Cost Accountant


On 24-1-2012,  9 more industries are covered under the cost audit by GOI, see the below link

http://members.icwai.org/members/docs/mca/cost-order-24012012.pdf

 

 

 
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Astt. Plant Controller



Congrats to all CMA.

 
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