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APPOINTMENT OF COST AUDITOR FOR FINANCIAL YEAR 201415Oil and Natural Gas Corporation LimitedAPPOINTMENT OF COST AUDITOR FOR FINANCIAL YEAR 201415Table of ContentsPara NoParticularsPage No1Introduction22Maintenance
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How to fill out appointment of cost auditor:

01
Download the appointment of cost auditor form from the official website of the regulatory authority governing such appointments in your country.
02
Carefully read the instructions provided along with the form to understand the requirements and procedures.
03
Fill in the details accurately, including the name of the company or organization appointing the cost auditor, their contact information, and the financial year for which the appointment is being made.
04
Provide the personal details of the individual being appointed as the cost auditor, such as their name, address, contact information, and professional qualifications.
05
Attach any necessary supporting documents or certificates, such as proof of the cost auditor's membership in a recognized professional body or their previous experience in conducting cost audits.
06
Ensure that all the required fields in the form are completed and any necessary signatures are obtained.
07
Double-check the filled form for any errors or inconsistencies before submitting it to the relevant authority.

Who needs appointment of cost auditor?

01
Companies or organizations that are required to undergo a cost audit as per the regulations of the regulatory authority in their country.
02
Entities that fall within the specified threshold of turnover or net worth, as prescribed by the regulatory authority, typically in sectors such as banking, insurance, manufacturing, or infrastructure.
03
Businesses that receive government subsidies, grants, or contracts, which may require a cost audit to ensure transparency and accountability in the utilization of public funds.
04
Companies or organizations that are directed by a court or tribunal to appoint a cost auditor for specific purposes, such as resolving disputes or investigating financial irregularities.
05
Entities seeking to establish credibility and reliability in their financial statements, thereby enhancing investor confidence and attracting potential investors.
Note: The specific requirements for appointing a cost auditor may vary depending on the regulations and laws applicable in your country or jurisdiction. It is advisable to consult with a legal or financial professional familiar with the local regulatory framework for accurate and up-to-date information.
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Appointment of cost auditor is the process of hiring an auditor to conduct an audit of the cost accounting records of a company.
Companies meeting certain criteria as per the Companies Act, 2013 are required to file appointment of cost auditor.
The appointment of cost auditor can be filled out online through the MCA website or by submitting a physical form to the concerned authorities.
The purpose of appointment of cost auditor is to ensure that the cost accounting records of a company are accurately maintained and comply with relevant regulations.
The appointment of cost auditor must include details such as the name of the auditor, the period for which they are appointed, and the resolution passed by the board of directors.
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