As per Companies (Cost Records and Audit) Rules, 2014, the class of companies which also include foreign companies, are required to maintain “Cost Records”. Cost accountant in practice may assist the company to maintain the Cost Records as per the Companies (Cost Records and Audit) Rules, 2014.
Cost Audit is a critical review undertaken to verify the correctness of Cost Accounts and to check that cost accounting principles and planning have been efficiently followed. Cost Records and Audit has been our forte. Our clients include MNCs and listed companies in the various industries ranging from Pharmaceuticals, Chemicals, Construction, Real Estate, Telecommunications, Plastics & Polymers, Hospitals, Education Sector, Engineering Goods, FMCG, Steel, Petroleum, Ports, Power Generation & Distribution, Medical Devices, Textiles, Insecticides and many more Cost Audit under Section 148(2) of the Companies Act 2013