Request for Comments


Extension of last date for submission of Comments


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, developed the Exposure Draft of Frequently Asked Questions (FAQs) on the Standards on Cost Auditing (SCAs 101 – 104) and uploaded the same on the website for public comments till 30th March 2020 which was extended upto 30th April 2020 and due to the requests received from the members the last date for sending comments / suggestions by the public is being extended upto 31st May 2020. The ED-FAQs shall be revised by the CAASB in the light of suggestions/ comments received from the stakeholders.

We request for your views / comments / suggestions on the Exposure Draft on FAQs in the following format through email at

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

Exposure Draft of FAQs can be downloaded from click here


CMA (Dr) Ashish P Thatte
Chairman, CAASB