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of <h1>Telecom Companies Must Submit Cost Compliance Reports Under 2011 Rules, Verified by Cost Accountants for Accuracy</h1> This form of a compliance report required under the Cost Accounting Records (Telecommunication Industry) Rules, 2011, as per the Companies Act, 1956. It mandates a cost accountant, either employed by or in practice with a company, to verify and certify the maintenance of cost records. The report assesses whether the company has maintained proper cost records, prepared detailed cost statements, and adhered to generally accepted cost accounting principles. The accountant must indicate any deficiencies or qualifications in the report and may provide observations or suggestions for improvement. The report requires the accountant's signature, seal, and membership number.
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