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of <h1>Companies Must Submit Detailed Cost Audit Reports Under 2011 Rules; Includes Key Financial Analyses and Variations Explanation</h1> The Companies (Cost Audit Report) Rules, 2011, require companies to submit a detailed cost audit report, including an annexure with specific information. This includes general company details, cost accounting policies, product group details, quantitative information, and an abridged cost statement. The report also covers operating ratio analysis, profit reconciliation, value addition, distribution of earnings, financial position, and ratio analysis. Additionally, it addresses related party transactions and reconciliation of indirect taxes. The report mandates the inclusion of any significant variations in figures compared to previous years, with explanations provided by the cost auditor.
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