https://www.taxtmi.com/article/detailed?id=5795 The Companies Act and accompanying rules expand statutory functions for the Cost Accountant, authorising appointment as Key Managerial Personnel, independent directors, technical members of tribunals, liquidators and administrators, and recognising cost auditors for prescribed classes of companies. Cost audits must be conducted by Cost Accountants in practice under specified standards with Board appointment, mandated filings (Forms CRA-1 to CRA-4), and reporting duties to the Central Government. The Act also assigns certification, pre-certification and valuation roles to Cost Accountants while imposing penal consequences and adjudicatory processes for non-compliance and willful misconduct. en-us Fri, 22 Aug 2014 09:00:40 +0530 Fri, 22 Aug 2014 09:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5795 The Companies Act and accompanying rules expand statutory functions for the Cost Accountant, authorising appointment as Key Managerial Personnel, independent directors, technical members of tribunals, liquidators and administrators, and recognising cost auditors for prescribed classes of companies. Cost audits must be conducted by Cost Accountants in practice under specified standards with Board appointment, mandated filings (Forms CRA-1 to CRA-4), and reporting duties to the Central Government. The Act also assigns certification, pre-certification and valuation roles to Cost Accountants while imposing penal consequences and adjudicatory processes for non-compliance and willful misconduct. Articles Corporate Laws / IBC / SEBI Fri, 22 Aug 2014 09:00:40 +0530 https://www.taxtmi.com/article/detailed?id=5795