Full cost audit disclosure required; auditors must report complete cost account details and flag nondisclosure to authorities. Section 233B and the Cost Audit (Report) Rules require appointed cost accountants to furnish full and complete details of a company's cost accounts in the cost audit report; requests to withhold particulars are inconsistent with those Rules and should be discouraged, and cost auditors should, where necessary, note such non-disclosure specifically to the government in their reports.
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.
Full cost audit disclosure required; auditors must report complete cost account details and flag nondisclosure to authorities.
Section 233B and the Cost Audit (Report) Rules require appointed cost accountants to furnish full and complete details of a company's cost accounts in the cost audit report; requests to withhold particulars are inconsistent with those Rules and should be discouraged, and cost auditors should, where necessary, note such non-disclosure specifically to the government in their reports.
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