In our last articles, we have discussed who can be appointed as cost auditor for a company and what are the companies required to maintain cost records and get them audited as per companies act 2013. In this article we will be discussing the procedure or process of cost auditor appointment and to whom cost auditor has to report as specified in Companies act 2013 and … [Read more...] about Appointment of cost auditor in a company – Procedure and Reporting as per Companies Act 2013
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Qualification and Disqualification of Cost Auditor – Who can be appointed
In our last articles we have discussed sectors or industry to which cost audit and cost records are mandatory as per new companies act 2013 and how to appoint cost auditor in companies. In this article we will be discussing who can be appointed as cost auditor, qualification and disqualification of cost auditor. Qualification - Who can be appointed as a cost … [Read more...] about Qualification and Disqualification of Cost Auditor – Who can be appointed
Applicability of Cost Records and Cost Audit to Companies
Pursuant to Companies Act 2013, on 30th June 2014, MCA has notified Companies (Cost Records and Audit) Rules 2014. This rule has further been amended on 31st December 2014 vide Companies (Cost Records and Audit) Amendment Rules 2014. From financial year 2014-15 onwards, maintenance of cost records, cost audit and appointment of cost auditor shall be in accordance to new … [Read more...] about Applicability of Cost Records and Cost Audit to Companies
Rights and responsibility of auditor in Annual General Meeting of a Company
Annual general Meeting or AGM is a yearly gathering of shareholders and directors. This is the time when shareholders and executives of a company interact with each other on various aspects of the company including financial performance. Shareholders can use this opportunity to express their concerns. Today, we will discuss right and responsibility of auditor in a company … [Read more...] about Rights and responsibility of auditor in Annual General Meeting of a Company