https://www.taxtmi.com/article/detailed?id=1331 Section 233B empowers the Central Government to direct statutory cost audits by certified cost accountants for companies required under Section 209(1)(d) to maintain prescribed cost particulars. MCA orders dated May 2011 list specific industry rules and eligibility criteria requiring cost audits from the financial year commencing 01.04.2011. Appointment must follow MCA Circular No.15/2011: Audit Committee oversight, auditor independence certificate, e filing of Form 23C within the prescribed period, deemed approval procedure, reporting to the Central Government, disclosure in the Annual Report, and compliance with Cost Audit (Reports) Rules, 2001. Penalties apply for defaults. en-us Thu, 23 Jun 2011 18:08:25 +0530 Sat, 14 Sep 2013 23:10:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1331 Section 233B empowers the Central Government to direct statutory cost audits by certified cost accountants for companies required under Section 209(1)(d) to maintain prescribed cost particulars. MCA orders dated May 2011 list specific industry rules and eligibility criteria requiring cost audits from the financial year commencing 01.04.2011. Appointment must follow MCA Circular No.15/2011: Audit Committee oversight, auditor independence certificate, e filing of Form 23C within the prescribed period, deemed approval procedure, reporting to the Central Government, disclosure in the Annual Report, and compliance with Cost Audit (Reports) Rules, 2001. Penalties apply for defaults. Articles Accounting - Auditing Thu, 23 Jun 2011 18:08:25 +0530 https://www.taxtmi.com/article/detailed?id=1331