Date of approval of cost audit report

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Querist : Anonymous

Querist : Anonymous (Querist)

11 October 2014 Dear all,

Pls tell whether a Board of Directors are require to approve the Cost Audit report in its meeting before the signing of Cost Auditor or after the signing of Cost Auditor.
Thanks.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

11 October 2014 Yes. Board has to approve the annexures to Cost audit reports

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2014 Thanks.
But pls tell whether the date of approval of report by the BOD has to be before the signing date of cost auditor or after it.

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2014 Dear Sir,

My company had got cost audit done for the f/y 13-14. Pls tell whether it is require to obtain cost compliance report also & file with the central govt.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2014 Dear Sir,

My company had got cost audit done for the f/y 13-14. Pls tell whether it is require to obtain cost compliance report also & file with the central govt.

Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

23 December 2014 Cost audit & compliance depends up on the products and services. check with your cost auditor itself whether compliance report attracts for your products & services

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