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Annexure to the Cost Audit Report

 

Part-A

 

 

1.General Information

 

1

Corporate identity number or foreign company registration number

 

2

Name of company

 

3

Address of registered office or of principal place of business in India of company

 

4

Address of corporate office of company

 

5

Email address of company

 

6

Date of beginning of reporting Financial Year

 

7

Date of end of reporting Financial Year

 

8

Date of beginning of previous financial year

 

9

Date of end of previous financial year

 

10

Level of rounding used in cost statements

 

11

Reporting currency of entity

 

12

Number of cost auditors for reporting period

 

13

Date of board of directors meeting in which annexure to cost audit report was approved

  

14

Whether cost auditor’s report has been qualified or has any reservations or contains adverse remarks

 

15

Consolidated qualifications, reservations or adverse remarks of all cost auditors

 

16

Consolidated observations or suggestions of all cost auditors

 

17

Whether company has related party transactions for sale or purchase of goods or services

  

18

Whether Indian Accounting Standards are applicable to the company

                                        

 

 

PART-A

 

 

2. General Details of Cost Auditor

 

1

Whether cost auditor is lead auditor

 

2

Category of cost auditor

 

3

Firm's registration number

 

4

Name of cost auditor/cost auditor’s firm

 

5

PAN of cost auditor/cost auditor’s firm

 

6

Address of cost auditor or cost auditor’s firm

 

7

Email id of cost auditor or cost auditor’s firm

 

8

Membership number of member signing report

 

9

Name of member signing report

 

10

Name(s) of product(s) or service(s) with CETA Headings

 

11

SRN number of Form 23C / CRA-2

  

112(a)

Number of audit committee meeting(s) during the year for which cost auditor was invited

 

12(b)

Number of audit committee meeting attended by cost auditor during year

 

13

Date of signing cost audit report and annexure by cost auditor

 

14

Place of signing cost audit report and annexure by cost auditor

  

 

3. Cost Accounting Policy

 

(1) Briefly describe the cost accounting policy adopted by the Company and its adequacy or otherwise to determine correctly the cost of production/operation, cost of sales, sales realization and margin of the product(s)/service(s) under reference separately for each product(s)/service(s). The policy shall cover, inter alia, the following areas:

(a) Identification of cost centres/cost objects and cost drivers.

(b) Accounting for material cost including packing materials, stores and spares, employee cost, utilities and other relevant cost components.

(c) Accounting, allocation and absorption of overheads.

(d) Accounting for depreciation/amortization.

(e) Accounting for by-products/joint-products or services, scarps, wastage etc.

(f) Basis for Inventory Valuation.

(g) Methodology for valuation of Inter-Unit/Inter Company and Related Party transactions.

(h) Treatment of abnormal and non-recurring costs including classification of other non-cost items.

(i) Other relevant cost accounting policy adopted by the Company.

(2) Briefly specify the changes, if any, made in the cost accounting policy for the product(s)/service(s) under audit during the current financial year as compared to the previous financial year.

(3) Observations of the Cost Auditor regarding adequacy or otherwise of the Budgetary Control System, if any, followed by the company.

 

 

PART-A

 

 

 

 

 

 

 

4. PRODUCT/SERVICE DETAILS (for the company as a whole)

 

 

 

 

 

 

S.no.

Name of Product(s) /Service(s)