The representatives of the Institute led by me along with Vice President made a presentation before the Expert Committee, constituted by MCA to examine the issues relating to Cost Rules 2014, on the Genesis of cost records and cost audit, Observations on the structure & contents of the Companies (cost records and audit) Rules, 2014 and International practices. The response of the members of the Expert Committee on the presentation was very positive. The members of the Committee have raised certain queries during the discussions and the Institute’s response on those issues. We will respond them in due course.
(President)17th September 2014
