Inviting Comments on E-Consultation by MCA on the Government Report on Cost Accounting Records & Cost Audit 2024


Dear Members,


Greetings from the Institute of Cost Accountants of India (ICMAI);


The report of the Committee constituted by the Government of India on 04.10.2023 to “review the existing framework of Cost Accounting Records and Cost Audit to improve the usefulness of the Cost Audit Reports in various sectors of the economy” has been published by the Ministry of Corporate Affairs (MCA) for eliciting public comments.


For the ease of members, follwoing documents are given for reference:

  1. Public Notice by MCA seeking views on the Report – last date is 6th August 2024.
  2. Report of the Committee to Review the existing framework of Cost Accounting Records & Cost Audit and to improve the usefulness of the Cost Audit Reports.
  3. Brief Synopsis of the Report prepared by the Professional Development Directorate of the Institute.
  4. E-Consultation Instruction Kit issued by the MCA on 26th April 2021.

Members are requested to send their comments in the prescribed format to the Professional Development (PD) Directorate of the Institute, either by email at pd@icmai.in or by hard copy, latest by 28th July 2024.



The PD Directorate will compile all the suggestions/comments for onward submission to the MCA.

We look forward to your active response on the same.

With warm regards,


CMA Manoj Kumar Anand
Chairman
Professional Development &
Continuous Professional Education Committee
The Institute of Cost Accountants of India