TMI BlogCentral Government to specify audit of items of cost in respect of certain companies.X X X X Extracts X X X X X X X X Extracts X X X X ..... engaged in the production of such goods or providing such services as may be prescribed, direct that particulars relating to the utilisation of material or labour or to other items of cost as may be prescribed shall also be included in the books of account kept by that class of companies: Provided that the Central Government shall, before issuing such order in respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r section 139 as an auditor of the company shall be appointed for conducting the audit of cost records: Provided further that the auditor conducting the cost audit shall comply with the cost auditing standards. Explanation . For the purposes of this sub-section, the expression cost auditing standards mean such standards as are issued by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ant in practice to the Board of Directors of the company. (6) A company shall within thirty days from the date of receipt of a copy of the cost audit report prepared in pursuance of a direction under sub-section (2) furnish the Central Government with such report along with full information and explanation on every reservation or qualification contained therein. (7) If, a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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