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<h1>Cost Auditors Must Use Form-II for Reports Under Companies (Cost Audit Report) Rules, 2011, Per Section 233B</h1> The Cost Audit Report Form-II under the Companies (Cost Audit Report) Rules, 2011, requires cost auditors appointed under Section 233B of the Companies Act, 1956, to audit company cost records. Auditors must assess whether proper cost records are maintained, if adequate information is obtained, and if records comply with Cost Accounting Standards. They evaluate the internal audit system's adequacy and ensure detailed cost statements are maintained. Auditors must submit a Performance Appraisal Report and provide observations and suggestions. If deficiencies are found, these must be detailed in the report, allowing the company to comment before finalizing.