1)
The row over the Cost Audit Rules introduced under the Companies Act has reached a flash point as the Entire CENTRAl COUNCIL of the Institute of Cost Accountants of India (ICAI) submitted its resignation to Finance Minister Arun Jaitley, who also has the charge of the corporate affairs ministry.See link - http://www.casansaar.com/news-detail/Entire-Central-Council-of-Cost-Accountants-of-India-Resigns/5741.html
- Shri R.S. Sharma, former CMD, ONGC - Chairman
- Shri R.K. Jain, Additional Secretary, Ministry of Health & Family Welfare - Member
- Shri Chandra Wadhwa, former President, ICWAI - Member
- Smt. Aruna Sethi, Adviser (Cost), Ministry of Corporate Affairs - Member-Convener (The Chairman in consultation with the Committee may co-opt upto two members having regard to the exigencies of the Terms of Reference)
2)
| MCA creates expert committee on cost records and audit rules |
| MCA has decided to constitute an Expert Committee to examine issues relating to maintenance of Cost Records and Cost Audit. The Committee may submit its report within a period of 3 months from its first meeting. The expert committee will consist of the following |
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