MCA Amends CRA-2 and CRA-4 Forms for Cost Audit Compliance

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  • Last Updated on 5 June, 2025

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Cost Audit Amendment Rules 2025

Notification No. G.S.R 361(E); Dated: 30.05.2025

The Ministry of Corporate Affairs (MCA) has issued the Companies (Cost Records and Audit) Amendment Rules, 2025, bringing key changes to Forms CRA-2 and CRA-4, which are related to the appointment and report submission of cost auditors. The amended rules will come into effect from 14th July 2025.

1. Revised Form CRA-2 – Enhanced Disclosure Requirements

Form CRA-2, which deals with the intimation of appointment of cost auditors, has been revised to include the following additional disclosures:

  • Nature of Appointment – Companies are now required to specify whether the appointment is a fresh appointment, re-appointment, or any other applicable category.
  • Confirmation of Auditor’s Consent – A declaration confirming that the cost auditor has given their consent to act as such must now be provided explicitly.

These changes aim to improve transparency and compliance in auditor appointments, ensuring that stakeholders are fully informed of the terms and acceptance of the appointment.

2. Revised Form CRA-4 – New Reporting and AGM Extension Details

Form CRA-4, which pertains to the filing of the cost audit report, has also been updated with the following new fields:

  • Lead Auditor Status – The revised form requires disclosure of whether the reporting cost auditor is acting as the lead auditor, in case of multiple auditors.
  • AGM Extension Reporting – Companies availing extension of their Annual General Meeting (AGM) must now furnish:
    1. The Service Request Number (SRN) of the Form GNL-1 used to apply for the extension, and
    2. The revised date of the AGM granted as per the approved extension.

These additions are intended to streamline regulatory tracking and ensure alignment between audit timelines and AGM proceedings.

3. Compliance Timeline and Applicability

The new forms will be mandatory for all filings made on or after 14th July 2025. Companies, cost auditors, and professionals involved in cost audit compliance should update their internal processes and documentation templates accordingly.

4. Conclusion

These amendments are part of MCA’s broader move to strengthen audit governance and improve data accuracy in statutory filings. The revised CRA-2 and CRA-4 forms reflect a push towards greater accountability and digital traceability in cost audit reporting.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied