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<h1>Cost Audit Reports Must Be Signed by Responsible Partner, Not Just Firm Name, per Section 233B(2) Companies Act, 1956.</h1> The circular from the Ministry of Law, Justice and Company Affairs addresses the authentication of Cost Audit Reports when a firm of Cost Auditors is approved under Section 233B(2) of the Companies Act, 1956. It mandates that the Cost Audit Report must be signed by one of the firm's partners responsible for the audit, rather than merely affixing the firm's name. This decision should be communicated to practicing Cost Accountants via the Institute's Journal. The Institute is requested to acknowledge receipt of the letter and provide a copy of the Journal where the decision is published.