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

Under Section 148(6), within what time 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 the date of receipt of a copy of the report?

The company must furnish the cost audit report to the Central Government within thirty days from receipt of a copy, along with full information and explanation on every reservation or qualification contained in it, as required by Section 148(6).

  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 within thirty days from the date of receipt of a copy of the cost audit report. It must include full information and explanation on every reservation or qualification. Sixty days or other periods are not stated in the section.

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