Skip to content

CMA Final · Cost and Management Audit · Preparation and Filing of Cost Audit Report

A company receives a copy of the cost audit report on 10 March. Under section 148(6) of the Companies Act, 2013, by which date must it furnish the report to the Central Government with full information and explanation on every reservation or qualification?

The company must furnish the report by 9 April. Section 148(6) gives thirty days from receipt of the cost audit report, along with full information and explanation on every reservation or qualification. Counting thirty days from 10 March, with March having 31 days, ends on 9 April.

  1. A9 AprilCorrect
  2. B24 March
  3. C9 May
  4. D10 June

Explanation

Section 148(6) allows thirty days from the date of receipt of a copy of the cost audit report. March has 31 days, so 10 March plus 30 days is 9 April. Fifteen days or sixty days are not what the section provides.

Did you get it right without looking?

One question tells you little. A timed set on Preparation and Filing of Cost Audit Report shows your real accuracy, how long you take and where you lose marks.

Practise Preparation and Filing of Cost Audit ReportFree diagnostic mock

More Preparation and Filing of Cost Audit Report questions