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CMA Final · Cost and Management Audit · Cost Auditor

Under Section 148, within what period must a company furnish the Central Government with the cost audit report, along with full information and explanation on every reservation or qualification, counted from receipt of a copy of the report?

The company must furnish the cost audit report to the Central Government within thirty days from the date it receives a copy, together with full information and explanation on every reservation or qualification in it, as section 148(6) requires.

  1. AThirty daysCorrect
  2. BSixty days
  3. CFifteen days
  4. DOne hundred and eighty days

Explanation

Section 148(6) requires the company to furnish the report to the Central Government within thirty days from the date of receipt of a copy of the cost audit report, with full information and explanation on every reservation or qualification. Sixty days is a wrong period and is not stated.

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