Request for Comments

31st December 2018

The Ministry of Corporate Affairs in terms of provision to Section 148(3) of the Companies Act, 2013 approved the Standards on Cost Auditing (SCAs 101 – 104) for mandatory compliance by the cost auditor in the audit of the cost records maintained by the companies covered under the Companies (Cost Records and Audit) Rules.

Cost Auditing and Assurance Standards Board (CAASB), the standard-setting body of the Institute, has approved the release of Exposure Draft of Frequently Asked Questions (FAQs) on the Standards on Cost Auditing (SCAs 101 – 104). The ED-FAQs shall be revised by the CAASB in the light of suggestions/ comments received from the stakeholders.

Please submit your views / comments / suggestions on the Exposure Draft on FAQs in the following format latest by 21st January 2019 through email at

Sl. FAQ No. and Text Revision required Justification, if any

Please click here to download Exposure Draft of ‘Frequently Asked Questions (FAQs) on the Standards on Cost Auditing (SCAs 101 – 104)’


CMA P.V. Bhattad

Former President and Chairman, CAASB