What is the rule of Applicability Of Cost To Pvt. Ltd. Co. Which Is 100% EOU?
Applicability Of Cost Audit
(Guest)
3 Replies
CMA.Devarajan Swaminathan
(ACMA)
(1067 Points)
Replied 23 March 2009
Purely from a compliance point of view you need to visit www.icwai.org to see the listed industries that fall under the purview of CARR.
But mind you this shift in thought from being compliance oriented to business oriented is urgently needed.
If you want to apply CARR for business then you dont need to wait to see whether a rule has been thrusted on you to follow.
Cost Accounting per se if for the benefit of the business and that is the only way it should be interpreted and used and not just another compliance tool/mechanism.
regards,
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