Cost Records Audit Disclosure

Summary

A Chartered Accountants statutory audit report should confirm the maintenance of cost records, compliance with the Companies Act, 2013, and highlight any deviations or non-compliance issues found during the audit.

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yes, exactly what one should mention in their report
In the statutory audit report, a Chartered Accountant should disclose the following if only cost records are maintained by the company:
- Confirmation that cost records have been maintained.
- Compliance with relevant provisions of the Companies Act, *.
- Any deviations or non-compliance issues found during the audit.
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