Do we need to appoint cost auditor

1783 views
User Avatar

CS
362 Points Posted on 03 March 2012

Dear All.

We are an EOU and under the purview of Cost Accounting Records Rules 2011. However chapter code of our company was brought under the purview of Cost Audit through CAR order on 24th January 2012.

CARR 2011 specifically mentioned that Company should obtain compliance certificate either by employee cost accountant or from Practicing Cost accountant.

To get this compliance certificate from Cost Accountant do we need to appoint cost auditor though Board resolution and do we need to comply with the ROC formality of form filing 23C?

I have tried to search this but could not find the relevant information. Please help me to resolve my query.

Regards, 

 

0 Reply Share Follow Topic
On 03 March 2012 at 14:33 Report
Replies (4)
User Avatar

Sr. Executive - Finance & Accounts
1846 Points Posted on 03 March 2012

HI Gargi,

 

You need not appoint a Cost Auditor. 

Mere Compliance Certificate from a praticing CS will do.

 

Regards, 

prateek

Reply
On 03 March 2012 at 15:10
User Avatar

B.Com.
182 Points Posted on 03 March 2012
For FY 2011-12 you need not appoint cost auditor but you will have to file the compliance report signed by a COST ACCOUNTANT either in practice or in whole time employment of the company. The 24th Jan order applies from financial year 2012-13 onwards, so you need to appoint Cost Auditor for the year 2012-13 and onwards. Hope this helps.
Reply
On 03 March 2012 at 16:03
User Avatar

Chartered Accountancy
26 Points Posted on 25 March 2012

any body have call from obc

Reply
On 25 March 2012 at 08:40
User Avatar

Practising Cost Accountant
306 Points Posted on 08 June 2012

As per Cost Accounting Recod Rules 2011, you need to take Complaince Replort from Cost Accountant, if you any employee who is Cost Accoutant and is memeber of Institute of Cost Accountant of India and paid memebrship fees, then that employee can sign the Complaince report.

If you do not have CMA working in your organisation then you can contact with Practicing Cost Accountant.

If you do not know any practicing Cost Accountant then pl. send me mail , i will provide you the same.

Reply
On 08 June 2012 at 13:49

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gst input credit
  2. CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
  3. E-waybill
  4. Sell of CAFC books
  5. ITC ON RENT
  6. GSTR-9 Table 8A Portal and Excel Issues
  7. IGST on Commercial Rental Income (Different State)
  8. Revocation of suo moto cancelled GST registration
  9. Is there any faculty taking chapterwise test in CA
  10. Late Fees and Interest

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details