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    <title>COST AUDIT REPORT</title>
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    <description>The Companies (Cost Audit Report) Rules, 2011 establish procedures for electronic application and notification for Cost Auditor appointment, require submission of the cost audit report and annexure within 180 days of year-end, mandate maintenance of cost records for eight preceding years, and impose duties on companies to provide records and approve and sign the Annexure; the Cost Auditor must also provide a performance appraisal to the Board and respond to Government queries, with penalties prescribed for defaults and savings preserving prior rights and proceedings under the superseded rules.</description>
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