Authentication of previous year figures in the Cost Audit Report

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Full Text of the Document

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....know the Cost Audit for a financial year contains corresponding data for the previous year also. Since the cost audit is not regular on year to year basis, normally cost records for the financial year prior to the year under audit are not subjected to statutory examination excepting under section 227 of the Companies Act read with MAOCARO. It is observed that some of the cost auditors while rep....