Cost audit

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Bijay Kumar Sharma (Querist)
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06 May 2013 Dear CCI members

1 A private limited company is fulfilling all the criteria of cost audit under chapter heading no 84 & 87....
The company have to file one form 23c or two form 23c for that.
2.one more product is covered under chapter 94.for that chapter cost compliance is Applicable.cost compliance report to be submitted for that particular product under reference or for whole company.
3.can a part time COP holder sing the CAS4 certificate towards cost of production for captive consumption.

Rahul Jain

Rahul Jain (Expert)
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19 May 2013 Dear Bijay,

You need to file only one Form 23-C for appointing one Cost Auditor for one company. If more than one Cost Auditor you are appointing than more than one form needed.

Cost Audit needs to be done only for audit able product for other products Compliance needs to be filed,but Compliance needs to be filed company as a whole (covering all the products).

CAS-4 can be signed by a full time practicing Cost Accountant only.

Thanks
CMA Rahul Jain
rahuljain@jmsandco.in