Cost Audit & CMA Services

Cost & Management Accounting

CMA data preparation, project finance costing, cost audit under the Companies Act, and management accounting frameworks.

5 articles — updated weekly

Featured

Cost Audit in 2026: What the Law Requires Now, and Where the Corporate Laws (Amendment) Bill Stands

Cost audit obligations today come from Section 148 of the Companies Act 2013 and the Rules of 2014, as amended — not from the Corporate Laws (Amendment) Bill 2026, which was referred to a Joint Parliamentary Committee in March 2026 and had not been passed as of 27 October 2026. Here is the current-law CRA-2/CRA-3/CRA-4 timeline, the thresholds and penalties, and the Bill's verified status.

Read article →15 Aug 2026

Standard Costing for Manufacturers: Bridging Product Costs and Transfer Pricing Under Section 92C

5 Jun 2026

Manufacturers face a twin challenge: keeping product costs accurate via standard costing while simultaneously defending transfer prices to tax authorities. Section 92C demands robust documentation. Form 3CEB requires certified cost accounting records. This post shows how to make standard costing serve both objectives.

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DPCO Compliance for Pharma: Cost Statement Format, Ceiling Price Reporting & NPPA Rules

4 Jun 2026

The Drug Price Control Order (DPCO) 2013 mandates strict cost accounting and price declaration for pharma companies. We break down cost statement format, NPPA ceiling price calculations, and critical compliance deadlines.

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Stock Audit for Bank Borrowers: RBI Guidelines, Ind AS 2 Valuation, and LFAR Findings

11 May 2026

Banks require independent stock audits under RBI guidelines before releasing credit limits. This post covers RBI norms on stock and book debt valuation, Ind AS 2 compliance, and how LFAR findings impact borrower credibility and loan security.

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Cost Audit Under Section 148, Companies Act 2013: Covered Industries, CRA-3 Report & CRA-4 Filing

6 May 2026

Section 148 of the Companies Act 2013 opens the door and the Companies (Cost Records and Audit) Rules 2014 fill it in: the Rule 3 classes, the Rule 4 conditions, the Rule 6(1)-(2) appointment and CRA-2 clocks, CRA-3 within 180 days from closure of the financial year, and CRA-4 within 30 days of the company receiving the report copy — plus the Section 148(8)/147 penalties, with rule references.

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