https://www.taxtmi.com/article/detailed?id=5664 Section 148 authorises the Central Government to require certain classes of companies to maintain prescribed cost particulars and to direct audits of cost records by a practising Cost Accountant appointed by the Board; such cost auditors must comply with cost auditing standards, are subject to auditor qualifications and duties where applicable, submit reports to the Board, and companies must furnish those reports and explanations to the Central Government, which may call for further information. Rule 14 governs appointment and shareholder ratification of the cost auditor's remuneration, with differing procedures depending on the existence of an audit committee. en-us Sat, 14 Jun 2014 12:02:19 +0530 Sat, 14 Jun 2014 12:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5664 Section 148 authorises the Central Government to require certain classes of companies to maintain prescribed cost particulars and to direct audits of cost records by a practising Cost Accountant appointed by the Board; such cost auditors must comply with cost auditing standards, are subject to auditor qualifications and duties where applicable, submit reports to the Board, and companies must furnish those reports and explanations to the Central Government, which may call for further information. Rule 14 governs appointment and shareholder ratification of the cost auditor's remuneration, with differing procedures depending on the existence of an audit committee. Articles Corporate Laws / IBC / SEBI Sat, 14 Jun 2014 12:02:19 +0530 https://www.taxtmi.com/article/detailed?id=5664