Cost audit rules and cost accounting rules
This query is : Resolved
15 December 2011
Frdz,
Is cost audit mandatory for all the manufacturing companies?
I am really confused between the cost audit rules and the cost accounting rules.
I understand that the Cost Audit Rules 2011 are applicable for those companies where the CG has specifically required u/s 233(B) of the Companies Act. (our company has not received any such orders so far)
Cost Accounting Rules states that it is applicable for all companies where the networth exceeds 5 crs/turnover exceeds 20 crs.
Plz clarify.
Is cost audit mandatory for all the manufacturing companies?
I am really confused between the cost audit rules and the cost accounting rules.
I understand that the Cost Audit Rules 2011 are applicable for those companies where the CG has specifically required u/s 233(B) of the Companies Act. (our company has not received any such orders so far)
Cost Accounting Rules states that it is applicable for all companies where the networth exceeds 5 crs/turnover exceeds 20 crs.
Plz clarify.
15 December 2011
solved.
i refered order dated 30th june 2011.
i refered order dated 30th june 2011.
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