Cost Accountants’ Institute asks Govt to allow members to conduct financial audits of MSMEs
Posted Date : 09-May-2022 , 08:17:52 am | Posted By CASANSAAR
The cost accountants’ institute has requested the government to consider allowing cost and management accountants to conduct financial audit of MSMEs and private limited companies.
The Institute of Cost Accountants of India, set up under an Act of Parliament, has around 90,000 members and...
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Cost Audit requirements made stricter for Companies
Posted Date : 17-Jul-2016 , 10:59:35 pm | Posted By CASANSAAR
Companies will now have to ensure that all statements annexed with their cost audit reports are first approved by their boards of directors before final submission.
The Corporate Affairs Ministry, which is implementing the Companies Act, has amended the rules pertaining to cost records and audit ...
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ICWAI |
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Government sets up expert committee to examine issues related to Cost Audit Rules
Posted Date : 20-Jul-2014 , 08:53:02 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has set up an Expert Committee today under the chairmanship of R S Sharma, ex-CMD of ONGC, to look into the grievances of the Institute of Cost Accountants of India.ET was first to bring out the injury suffered by the Institute in a story dated 2nd July 2014 under t...
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ICWAI |
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Draft cost audit rules will hit revenue collection, says professional body
Posted Date : 19-Jan-2014 , 08:55:19 am | Posted By CASANSAAR
The Cost Accountants Institute on Saturday slammed the Corporate Affairs Ministry for proposing to abolish the statutory maintenance of cost records and suggesting to do away with — in most cases — the requirement for cost audit.
Such a far-reaching, drastic step without going t...
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ICWAI |
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Cost Accountants protest against new Cost Audit draft rules
Posted Date : 30-Nov-2013 , 09:27:25 am | Posted By CASANSAAR
Cost Accountants on Friday protested outside the Pune Municipal Corporation (PMC) against the new cost audit draft rules published by the Ministry of Corporate affairs. The accountants have demanded an immediate withdrawal of the rules claiming it detrimental to their field.
The recently pu...
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ICWAI |
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Government may rethink compulsory Cost Audit as industry not keen
Posted Date : 13-Aug-2013 , 08:39:54 am | Posted By CASANSAAR
Even after a November 2012 government order that made it mandatory for all companies with a turnover exceeding Rs 100 crore to hire a cost auditor, there is resistance from certain quarters. Unlike in the case of a financial auditor, whose appointment is ratified by shareholders , the appointment of...
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ICWAI |
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5,000 Cos comply with Mandatory Cost Audit: ICAI
Posted Date : 02-Aug-2013 , 07:17:48 am | Posted By CASANSAAR
In the first full year, over 5,000 companies have complied with the Ministry of Company Affairs order on mandatory cost audit.
In May 2011, MCA made cost audit mandatory for manufacturing units in sectors such as cement, tyre, steel, fertiliser, bulk drugs, formulations, sugar, paper, insec...
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ICWAI |
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Newly Elected President & Vice-President of ICAI for the year 2013-14
Posted Date : 23-Jul-2013 , 02:51:35 pm | Posted By CASANSAAR
Suresh Chandra Mohanty has been elected as the new President of the Institute of Cost Accountants of India (ICAI) for the year 2013-14 in a council meeting held at the institute's headquarters inKolkata.
He succeeds Rakesh Singh. A.S.Durga Prasad has been elected ICAI vice preside...
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ICAI celebrates Annual Day
Posted Date : 22-May-2013 , 08:29:59 am | Posted By CASANSAAR
The Institute of Cost Accountants of India celebrated its Annual Day in which Mr. K. Rahman Khan, Minister of Minority Affairs was the Chief Guest and Mr. M.J.Joseph, Additional Secretary,Ministry of Corporate Affairs was the Guest of Honor.
Cost Accountants from across the country, other d...
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ICWAI |
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Cost accountants suggest simple format to collect companies data
Posted Date : 05-May-2013 , 08:06:45 am | Posted By CASANSAAR
Amid instances of people getting duped by fraudulent money pooling schemes, the Institute of Cost Accountants of India ( ICAI) today suggested a simple format for collecting financial data that would help the public to have a better understanding about the activities of companies.&nbs...
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ICWAI |
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ICAI, CWC ink MoU for training students in warehousing techniques
Posted Date : 09-Apr-2013 , 08:20:55 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) and the Central Warehousing Corporation (CWC) have inked a Memorandum of Understanding (MoU) earlier this week underwhich ICAI students will receive training in warehousing practices from CWC staff.
A ICAI release said that the training impa...
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ICWAI |
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Good corporate governance key to sustaining business: ICAI
Posted Date : 08-Apr-2013 , 10:03:46 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) in association with the National Foundation for Corporate Governance (NFCG) has said pursuing good corporate governance practices is indispensable for sustaining any business which is generating long term value for all of its stakeholders.
A...
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ICWAI |
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ICAI to start one year ASAP course to prepare trained skilled manpower for tax filings
Posted Date : 18-Jan-2013 , 02:30:50 pm | Posted By CASANSAAR
Institute of Cost Accountants of India(ICAI) will start a short term one year course to prepare trained skilled persons for online tax filings for income tax, service tax and other taxes. It will start offering the course in Kerala next month and eventually inHimachal Pradesh, Uttar P...
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ICWAI |
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Government flags concerns about cost auditing at companies
Posted Date : 08-Nov-2012 , 08:08:49 am | Posted By CASANSAAR
Taking a tough stance against shortcomings in the auditing procedures of a large number of companies, the government has said that the corporates and their 'cost auditors' are not doing their job seriously. To address the issue and ensure highest quality standards, the Ministry of Corporat...
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ICWAI |
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Cost Accountant can also certify DGFT documents under Foreign Trade Policy
Posted Date : 12-Oct-2012 , 07:51:08 am | Posted By CASANSAAR
PUBLIC NOTICE No. 22(RE-2012)/2009-14
NEW DELHI THE 11TH October, 2012
Subject:- Certification of various documents by Cost Accountants under Handbook of Procedure Vol.I and Appendices under ForeignTrade Policy.
In exercise&...
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Newly Elected President & Vice President of Institute of Cost Accountants of India
Posted Date : 22-Jul-2012 , 09:30:14 pm | Posted By CASANSAAR
CMA Rakesh Singh has been elected as President of the Institute of Cost Accountants of India for the year 2012-13.
CMA S.C. Mohanty has been elected as Vice President of the Institute of Cost Accountants of India for the year 2012-13.
...
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ICWAI |
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ICAI to open 1000 support centres for students
Posted Date : 17-Jul-2012 , 08:49:33 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) is planning to set up 1,000 cost management accounting (CMA) support centres across the country in the next 12 months.
“We are planning to open one centre in each district across the country. Around 300 such centres are ready to be lau...
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ICWAI |
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ICAI plans 100-150 CMA support centres across country
Posted Date : 11-Jun-2012 , 08:29:37 am | Posted By CASANSAAR
The Institute of Cost Accountant Of India (ICAI) has drawn up plans to set up 100-150 CMA support centres across the country.
"We have decided to set up 100-150 CMA Support Centres in a year and the first will be in Gulbarga in Jammu & Kashmir," ICAI central council member Manas Kumar ...
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ICWAI |
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ICAI National Cost Convention-2012
Posted Date : 16-Mar-2012 , 07:44:46 am | Posted By CASANSAAR
Shri R.P.N. Singh, Minister of State for Corporate Affairs has emphasized upon public friendly Accounting. Inaugurating the three day long 53rd National Cost Convention of Cost and Management Accountants (CMA) for the year 2012 organised by the Institute of Cost Accountants of India (ICAI) here in N...
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ICWAI |
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ICAI to release White Paper on agriculture costing
Posted Date : 14-Mar-2012 , 08:08:32 am | Posted By CASANSAAR
The Institute of Cost Accountants of India (ICAI) will release the White Paper on Agricultural Costing and Pricing methods on Thursday. The release, first on the subject by ICAI, will be made at the 3-day 'National Cost Convention' beginning here on March 15, said an official. "The government has...
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Press Release - ICAI (The Institute of Cost Accountants of India)
Posted Date : 13-Mar-2012 , 07:17:19 pm | Posted By CASANSAAR
PRESS RELEASE
March 10, 2012
Standing Committee on Finance recommends widening the scope of the definition of ‘accountant”. Mr. M.Gopalakrishnan, President of The Institute of Cost Accountants of India, announced, that the cost and management accounting p...
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ICWAI
Posted Date : 18-Jan-2012 , 09:21:23 am | Posted By CASANSAAR
THE COST AND WORKS ACCOUNTANTS (AMENDMENT) ACT, 2011
(No. 10 of 2012)
[12th January, 2012.]
An Act further to amend the Cost and Works Accountants Act, 1959.
BE it enacted by Parliament in the Sixty-second Year of the Republic of India as follows:—
Short ti...
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ICWAI |
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ICWAI Demands Drop
Posted Date : 16-Dec-2011 , 08:08:15 am | Posted By CASANSAAR
The President and members of the Council of the Institute of Cost and Works Accountants of India express their utmost unhappiness on the passing of the ICWAI Amendment Bill in the Rajya Sabha on 12thDec 2011, by which the name was proposed to be ch...
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ICWAI |
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CWAs rechristened Cost Accountants
Posted Date : 13-Dec-2011 , 07:55:12 am | Posted By CASANSAAR
Cost and Works Accountants will now only be known as Cost Accountants, with Parliament approving amendments to the existing legislation earlier today.
Also, there will be some brand confusion as the Institute of Cost and Works Accountants of India will now be called the Institute of Cost Accounts...
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ICWAI |
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ICWAI sign MOU with CISI, UK
Posted Date : 03-Dec-2011 , 08:45:25 am | Posted By CASANSAAR
The Institute of Cost and Works Accountants of India (ICWAI) has signed a memorandum of understanding with the Chartered Institute for Securities and Investment (CISI), UK on awarding the membership of CISI to ICWAI members and concessional fee for ICWAI students. The MOU was signed by M. Gopalakris...
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ICWAI |
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Name change of ICWAI to ICMAI /ICAI
Posted Date : 11-Aug-2011 , 01:45:32 pm | Posted By CASANSAAR
...
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ICWAI |
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Newly Elected President & Vice President of ICWAI
Posted Date : 23-Jul-2011 , 12:41:20 pm | Posted By CASANSAAR
PRESIDENT
Shri M. Gopalakrishnan , has been elected as President of The Institute of Cost and Works Accountants of India, for the year 2011-12
VICE PRESIDENT
Shri Rakesh Singh, has been elected as Vice President of The Ins...
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ICWAI |
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GAIL gets award for excellence in cost management from ICWAI
Posted Date : 19-Jul-2011 , 01:00:10 pm | Posted By CASANSAAR
GAIL (India) Limited has received award for excellence in cost management from The Institute of Cost and Works Accountants of India (ICWAI). On behalf of GAIL, company director (finance) P.K. Jain, received the award from Dr. M. Veerappa Moily, minister of corporate affairs, company said ...
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ICWAI |
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Dr. M.Virappa Moily gives away ICWAI 8th National Awards for excellence in Cost Management 2010
Posted Date : 19-Jul-2011 , 07:03:17 am | Posted By CASANSAAR
Union Minister of Corporate Affairs Dr. M. Virappa Moily today presented the ICWAI 8th National Awards for excellence in Cost Management 2010 to the representatives of leading industrial organisations both in the public sector as well as the private sector at Vigyan Bhawan, New Delhi. Speeking on th...
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ICWAI |
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MOU Signed Between ICWAI-MARF and Department of Post
Posted Date : 02-Apr-2011 , 08:23:10 am | Posted By CASANSAAR
Management Accounting Research Foundation of ICWAI (ICWAI-MARF) has been appointed as an advisor to the Department of Post, Ministry of Communications and IT (DOP) and a MOU has been signed to that effect. This appointment as per the MOU will be in vogue for a period of 24 months during which I...
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