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of <h1>Cost Auditors Cannot Serve as Internal Auditors Simultaneously, per Cost Audit (Report) Rules, 1968. Ensure Audit Integrity.</h1> The Department of Company Affairs has clarified that a Cost Auditor should not serve as an Internal Auditor for the same period they are conducting a cost audit for a company. This decision aligns with the provisions of the Cost Audit (Report) Rules, 1968, which require the Cost Auditor to assess the scope and performance of internal audits. Holding both positions simultaneously could compromise the impartiality and effectiveness of the Cost Auditor's duties. Companies are advised to adhere to this guidance to ensure proper audit practices.
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