Cost audit definitions clarify auditor status and the required content of signed cost audit reports under the rules. Rule 2 defines operative terms: the Act; Cost Accountant in practice (including firms and LLPs with valid certificate of practice); cost auditor as the Board-appointed Cost Accountant in practice; cost records as books relating to utilisation of materials, labour and other cost items for production or services; and cost audit report as the duly signed cost auditor's report on examined cost records and cost statements including attachments, annexures, qualifications and observations.
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 audit definitions clarify auditor status and the required content of signed cost audit reports under the rules.
Rule 2 defines operative terms: the Act; Cost Accountant in practice (including firms and LLPs with valid certificate of practice); cost auditor as the Board-appointed Cost Accountant in practice; cost records as books relating to utilisation of materials, labour and other cost items for production or services; and cost audit report as the duly signed cost auditor's report on examined cost records and cost statements including attachments, annexures, qualifications and observations.
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