Cost audit rules and cost accounting rules

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CS Premjith (Querist)
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15 December 2011 Frdz,

Is cost audit mandatory for all the manufacturing companies?

I am really confused between the cost audit rules and the cost accounting rules.

I understand that the Cost Audit Rules 2011 are applicable for those companies where the CG has specifically required u/s 233(B) of the Companies Act. (our company has not received any such orders so far)

Cost Accounting Rules states that it is applicable for all companies where the networth exceeds 5 crs/turnover exceeds 20 crs.

Plz clarify.

CS Premjith

CS Premjith (Querist)
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15 December 2011 solved.

i refered order dated 30th june 2011.