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of <h1>Annual Cost Audits Now Mandatory for Certain Industries per Section 209(1)(d) of the Companies Act, 1956.</h1> The Department of Company Affairs has issued revised cost audit orders requiring annual audits for companies previously audited every alternate year, starting with the financial year ending March 31, 1994. A list of these companies will be sent to the Institute's Secretary. Members should be informed of the mandatory annual cost audit for industries governed by the Cost Accounting Records Rules under section 209(1)(d) of the Companies Act, 1956. This information should be published in the Institute Journal 'The Management Accountant' to ensure compliance and awareness among the relevant parties.
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