2. History of Cost Audit Flashcards
1
Q
1965
A
Cost audit introduced in compnaies act 1956, inclusion of sec 233B , 209(1)d
2
Q
1965-2008
A
44 industries brought under the ambit of cost record and maintaince of cost records on company specific basis
3
Q
2008
A
Expert group was setup under CMA BB Goyal
Advisor (Cost) MCA
4
Q
2009
A
Expert group submitted report
5
Q
2011
A
New set of cost rules issued under Companies Act,1956
6
Q
2014
A
New rules issued under Companies Act,2013