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Services Offering

Cost Accounting Services

Under the recent Central Government notification on Common Cost Accounting Record Rules read with section 209(1)(d) of the Companies Act 1956, certain categories of companies in India are mandatorily required to keep cost records in respect of each of its financial year commencing on or after the 1st day of April, 2011.

The Cost Accounting records so maintained shall be subject to audit, either compulsorily or through specific notifications. Companies not covered by audit but required to maintain cost accounting records are required obtain a compliance report from an in house Cost Accountant or a cost accountant in full time practice.

SBS can support such organizations with all the necessary services in this regard, except Cost Audit and compliance certification. However, SBS Cost Accounting professionals can facilitate compliance report and Cost Audit, ensuring timely adherence to the Government guidelines in this regard