Cost accounting standards and cost auditor appointment rules are revised under the amended company law provision. Section 148 is amended to authorise the Central Government to prescribe standards of cost accounting, or any addendum, after considering the ... Summary
Cost accounting standards and cost auditor appointment rules are revised under the amended company law provision.
Section 148 is amended to authorise the Central Government to prescribe standards of cost accounting, or any addendum, after considering the recommendations of the Institute of Cost Accountants of India. The amendment also revises the conditions for appointment of a cost auditor through a firm name and updates the terminology in the Explanation to Cost Accountants.
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