Cost audit: appointment, board approval, report delivery and mandatory CRA 2/CRA 4 filings for covered companies. Companies must appoint a cost auditor within 180 days of the financial year start, obtain the auditor's written consent and certificate of eligibility, notify the appointment in Form CRA 2, and fill any casual vacancy within thirty days. The cost auditor must deliver a signed cost audit report with any reservations to the board within 180 days of year end; the board must examine it. The company must file the cost audit report with the Central Government in Form CRA 4 within thirty days, in the prescribed electronic format with fees.
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: appointment, board approval, report delivery and mandatory CRA 2/CRA 4 filings for covered companies.
Companies must appoint a cost auditor within 180 days of the financial year start, obtain the auditor's written consent and certificate of eligibility, notify the appointment in Form CRA 2, and fill any casual vacancy within thirty days. The cost auditor must deliver a signed cost audit report with any reservations to the board within 180 days of year end; the board must examine it. The company must file the cost audit report with the Central Government in Form CRA 4 within thirty days, in the prescribed electronic format with fees.
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