Cost Audit Definitions: Specifies roles, report form, and scope for auditors under the Act and reference product. Rule 2 defines key terms for cost audit reporting, specifying that Cost Auditor means an auditor appointed under the Companies Act; Form includes the prescribed Cost Audit Report together with auditor observations, suggestions, Annexure and Proforma; Report means the duly audited and signed Cost Audit Report in that form; and Product under reference denotes the product or activity to which the Report relates, while undefined terms take their meanings from the Companies Act and related rules.
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Cost Audit Definitions: Specifies roles, report form, and scope for auditors under the Act and reference product.
Rule 2 defines key terms for cost audit reporting, specifying that Cost Auditor means an auditor appointed under the Companies Act; Form includes the prescribed Cost Audit Report together with auditor observations, suggestions, Annexure and Proforma; Report means the duly audited and signed Cost Audit Report in that form; and Product under reference denotes the product or activity to which the Report relates, while undefined terms take their meanings from the Companies Act and related rules.
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