The Cost Auditor appointed by the category of companies specified in rule 3 of cost audit shall continue in such capacity as cost auditor:

CS Executive · Corporate and Management Accounting · PYQS · December 2023
The Cost Auditor appointed by the category of companies specified in rule 3 of cost audit shall continue in such capacity as cost auditor:
(A) Till the expiry of 180 days from the closure of the financial year
(B) Till the submission of cost audit report for the financial year
(C) Till the end of the financial year following the financial year for which the auditor has been appointed
(D) Till the expiry of 180 days from the closure of the financial year or till he/she submits the cost audit report whichever is later

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Management Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic