Cost Audit
Cost Audit: expert body’s advice can be considered
By admin at 31 May, 2010, 11:10 am
Regulations regarding maintenance of cost accounting records and cost audit are likely to change. If the recommendations of the expert committee appointed by the Ministry of Corporate Affairs are accepted, all manufacturing companies with a paid-up capital of Rs 50 crores (500 million) or more will be required to get their cost accounting records audited [...]
Read More >>ICWA placements see same salary levels, only 100 picked
By admin at 5 April, 2010, 10:10 am
The Institute of Chartered and Works Accountants of India (ICWAI) southern region saw salary remaining at the same levels as last year, despite an economic recovery. Out of the 450 candidates who appeared for the campus placement, only 100 were selected.
“The minimum salary offered was Rs 2.5 lakh per annum and the maximum salary offered [...]
ICWAI inter results for Dec 2009 Term
By admin at 20 February, 2010, 4:48 pm
The Institute of Cost and works Accountants of India, ICWAI has announced the foundation result for December 2009 term.
Result has been published on the official website of ICWAI. Students can get their result on the official website. Visit the following link to get your result: http://www.icwai.org/icwai/students-foundationresult.asp.
ICWAI was established in 1944 and was registered as a [...]
Cost accountants can help in good governance
By admin at 7 January, 2010, 2:03 pm
The Voluntary Guidelines on Corporate Governance, 2009, issued by the ministry of corporate affairs (MCA), are an important step for achieving good corporate governance. If followed in spirit, it will generate long-term faith in all investors and stakeholders of companies. It has covered themes like the board of directors, the responsibilities of the board, the [...]
Read More >>Cost Accounting Standards meet needs of managers
By admin at 15 December, 2009, 2:30 pm
Issue of Cost Accounting Standards (CAS) is a pioneering initiative by the Institute of Cost and Works Accountants of India. The first CAS (CAS-1) was issued by the institute in the year 2002. The Preface to Cost Accounting Standards issued by the institute has set out the following objectives to be achieved through CAS: to [...]
Read More >>ICWAI admit card is available on website
By admin at 7 December, 2009, 2:52 pm
The Institute of Cost and Works Accountants of India (ICWAI) has published the exam admit cards on its website.
The ICWAI admit cards are available at its official website. The students can visit the following links to get the ICWAI exam admit cards: http://www.icwai.org/icwai/admit.asp.
Students will have to enter their identification/registration numbers to get the details of [...]
Cost accountants may not be treated at par with CAs by finmin
By admin at 3 December, 2009, 11:56 am
Officials at Icwai have been lobbying the government to include cost accountants under the definition accountant as defined in the subsection 2 of Section 288 of the Income-tax Act
The finance ministry has ignored calls by cost accountants that they be treated at par with chartered accountants and be allowed to sign off on the financial [...]
Cos may need to disclose cost of climate change effort
By admin at 2 December, 2009, 5:23 pm
Soon, Indian companies will have to compulsorily follow a cost-accounting standard on climate change.
The Corporate Affairs Ministry has asked the Institute of Cost and Works Accountants of India (ICWAI) to prepare such a Standard — the first of its kind even globally. This means companies will have to work out costs involved in adopting environment-friendly [...]
ICWAI will now be ICMAI
By admin at 30 November, 2009, 3:07 pm
The government on Thursday said cost accounting body ICWAI can change its name to Institute of Cost and Management Accountants of India.
“We have in-principle allowed ICWAI to change its name to Institute of Cost and Management Accountants of India (ICMAI). Some statutory changes will be required. We are working on it. Hopefully in the near [...]
ICWAI to be renamed soon
By admin at 24 November, 2009, 11:59 am
The Institute of Cost and Works Accountants of India may soon be renamed Institute of Cost and Management Accountants of India, ICWAI president G N Venkataraman told reporters here on Friday. The minister concerned has given an assurance to ICWAI in this regard, he said.
“Changing the name is essential, as the present name does not [...]