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of <h1>Cost Auditors Can Attend Audit Committee Meetings but Not Vote or Be Members Under Companies Act Section 292A.</h1> The circular clarifies the role of cost auditors in audit committee meetings under Section 292A of the Companies Act, 1956. Cost auditors, appointed under Section 233B, are permitted to attend and participate in these meetings but cannot vote or be considered members. Their presence is intended to enhance cost management and pricing accuracy. The circular emphasizes that audit committees should only comprise directors, and any interpretation suggesting cost auditors can be members is incorrect. This guidance aims to ensure the proper functioning of audit committees and adherence to legislative intent.
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