Cost Audit

Cost audit reports aren't just compliance filings — they directly feed decisions on trade remedies, tariffs, drug pricing, subsidies, and more. Here's where the data actually goes.

Cost records and cost audit are two separate obligations with two different thresholds — and the export exemption relieves you of one, not the other. A practical guide to Section 148 applicability: the Rule 3 and Rule 4 tests, who is genuinely exempt, the CRA forms, the September deadlines, and what non-compliance actually costs.

India now has 25 Cost Accounting Standards. This guide sets out all of them, explains which ones do the heavy lifting in practice — CAS-4 for GST valuation, CAS-25 for inventory, CAS-2 for capacity — and identifies exactly where they carry statutory force under the Companies Act and the CGST Rules.

Pharmaceutical manufacturing is a regulated sector under the Companies (Cost Records and Audit) Rules, 2014 — which means lower thresholds and higher scrutiny. Many promoters first hear the words "cost records" from their statutory auditor, or from a show-cause notice. A practical guide to what applies, when, and what a compliant system looks like.

This beginner-friendly guide explains how costs flow in SAP from Purchase Order to Goods Receipt, Production, and Sales. Learn how direct and indirect costs move across SAP MM, PP, FI, and CO, common posting errors, and how cost flow impacts product costing and profitability analysis.

A beginner-friendly explanation of key SAP Costing components including Cost Elements, Cost Centers, Internal Orders, Product Costing, CO-PA, and Material Ledger. Learn how these building blocks of SAP CO work together to deliver accurate costing and profitability insights.

A complete beginner’s guide to SAP Costing in the CO module – learn how SAP turns complex operational data into financial clarity. Essential reading for costing professionals, controllers, and SAP CO learners.

Outsourcing accounting and costing functions helps MSMEs save costs, ensure compliance, and access expert insights without hiring full-time staff. This blog by CMA Dhananjay Jadhav explains how a hybrid outsourcing model can improve financial efficiency and strategic decision-making.

In the evolving world of corporate compliance, cost audit is a crucial yet often misunderstood requirement. Understanding when your...