alleryStart learning →A cost audit under section 148 is conducted by whom?
AA chartered accountant
BA company secretary
CA Cost Accountant
DA merchant banker
Answer & Solution
Correct answer: C. A Cost Accountant
Section 148(3) requires the audit of cost records to be done by a Cost Accountant appointed by the Board.
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Related questions
Quoting very low audit fees to win repeat business threatens what?Independence in appearance is also known as what?Which is one of the five threats to independence in the IESBA Code?Why is independence called the cornerstone of the auditing profession?Which action does the principle of auditor independence rule out?A cost audit under section 148 relates to the section 143 audit how?Can the statutory auditor appointed under section 139 also do the cost audit?If partners of an audit firm collude in fraud, who bears the liability?