Cost auditing helps in Improving profitability, regulatory compliance, better decision-making,
greater transparency. Cost assessment pinpoint potential cost-cutting opportunities and enhance
cost management procedures. It helps the company to reduce costs and waste of resources.
These are the companies that are engaged in the production of goods or provision of services of
items as mentioned under Table (A) and Table (B) of Rule 3 of the Companies (Cost Records
and Audit) Rules, 2014.