Government suggests changes to cost records, audit norms

NEW DELHI: Government has proposed changes to cost records and audit rules under the companies law, amid continuing efforts to protect interests of shareholders as well as improve the overall ease of doing business. The Ministry of Corporate Affairs (MCA) has suggested various amendments, including the requirement that a cost auditor can be removed only by way of a resolution passed by the board of the company concerned. For the purpose of ‘Cost Records and […]