2. History of Cost Audit Flashcards

1
Q

1965

A

Cost audit introduced in compnaies act 1956, inclusion of sec 233B , 209(1)d

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2
Q

1965-2008

A

44 industries brought under the ambit of cost record and maintaince of cost records on company specific basis

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3
Q

2008

A

Expert group was setup under CMA BB Goyal

Advisor (Cost) MCA

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4
Q

2009

A

Expert group submitted report

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5
Q

2011

A

New set of cost rules issued under Companies Act,1956

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6
Q

2014

A

New rules issued under Companies Act,2013

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