Cost Accounting Compliance: Form B requires cost accountant certification that company maintains proper cost records and conforms with standards. Form B requires the appointed cost accountant to examine cost books and records and certify whether all necessary information was obtained, whether proper cost records and unit wise/product wise cost statements are maintained to give a true and fair view of costs and margins, and whether the records conform with generally accepted cost accounting principles and cost accounting standards; material deficiencies or qualifications must be indicated and observations or suggestions may be appended.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost Accounting Compliance: Form B requires cost accountant certification that company maintains proper cost records and conforms with standards.
Form B requires the appointed cost accountant to examine cost books and records and certify whether all necessary information was obtained, whether proper cost records and unit wise/product wise cost statements are maintained to give a true and fair view of costs and margins, and whether the records conform with generally accepted cost accounting principles and cost accounting standards; material deficiencies or qualifications must be indicated and observations or suggestions may be appended.
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