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of <h1>Government Circular Stresses Full Disclosure in Cost Audit Reports per Section 233B, Companies Act 1956.</h1> The circular issued by the Government of India's Ministry of Law, Justice, and Company Affairs emphasizes the importance of full disclosure in cost audit reports as mandated by section 233B of the Companies Act, 1956, and the Cost Audit (Report) Rules, 1968. It instructs cost accountants to ensure comprehensive details are included in their reports and discourages any requests for non-disclosure of information. Any instances of non-compliance should be reported to the government with a specific note in the audit reports, maintaining transparency and adherence to the rules.
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