https://www.taxtmi.com/acts?id=12558 The Central Government may direct that a company's cost accounts be audited by a qualified cost accountant (or, by notification when cost accountants are unavailable, a suitably qualified chartered accountant). The board appoints the cost auditor with prior Government approval; the audit is additional to the statutory audit. The cost auditor has the same powers and duties as under section 227, must report to the Central Government and the company, and the company must furnish information, explanations, and full cooperation. Disqualifications, further information requests, circulation to members, and penalties for default are provided. en-us Thu, 12 May 2011 10:35:45 +0530 Thu, 12 May 2011 10:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12558 The Central Government may direct that a company's cost accounts be audited by a qualified cost accountant (or, by notification when cost accountants are unavailable, a suitably qualified chartered accountant). The board appoints the cost auditor with prior Government approval; the audit is additional to the statutory audit. The cost auditor has the same powers and duties as under section 227, must report to the Central Government and the company, and the company must furnish information, explanations, and full cooperation. Disqualifications, further information requests, circulation to members, and penalties for default are provided. Act-Rules Companies Law Thu, 12 May 2011 10:35:45 +0530 https://www.taxtmi.com/acts?id=12558