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of <h1>Cost Accountant Must Verify Compliance with Companies Act, 1956 Under Cost Accounting Records (Sugar Industry) Rules, 2011</h1> The Compliance Report Form B under the Companies Law and Cost Accounting Records (Sugar Industry) Rules, 2011 requires a cost accountant, employed by or in practice with a company, to examine the company's financial records for a specified period. The accountant certifies whether the company has maintained proper cost records in accordance with the rules, ensuring a true and fair view of production costs, sales, and margins. The report assesses compliance with the Companies Act, 1956, and generally accepted cost accounting principles. It allows for noting deficiencies or suggestions regarding the maintenance of cost records.
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