Audit report requirement for foreign project accounts confirms separate accounts and proper apportionment of expenses. Form No. 10CCA required the auditor to certify that the assessee maintained separate accounts for the specified foreign project, that all expenses of the business were debited to its profit and loss account and common expenses were apportioned reasonably, that necessary information and explanations were obtained, proper books of account were kept at head office and branches, and that the balance sheet and profit and loss account gave a true and fair view. The report must be signed by a chartered accountant or equivalent auditor and state reasons where matters are answered negatively or with qualification.