<P> The Institute of Cost Accountants of India ( ICAI ) , previously known as the Institute of Cost & Works Accountants of India ( ICWAI ) , is a premier statutory professional accountancy body in India with the objects of promoting , regulating and developing the profession of Cost Accountancy . It is the only licensing cum regulating body of Cost & Management Accountancy profession in India . It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records applicable . ICAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India . It also issues other technical guidelines on several aspects like Internal Audit , Management Accounting etc. to be followed by practising Cost Accountants while discharging their services . It works closely with the industries , various departments of Government of India , State governments in India and other Regulating Authorities in India e.g. Reserve Bank of India , Insurance Regulatory and Development Authority , Securities and Exchange Board of India etc. on several aspects of performance , cost optimisation and reporting . </P>
<P> The Institute of Cost Accountants of India ( ICAI ) , previously known as the Institute of Cost & Works Accountants of India ( ICWAI ) , is a premier statutory professional accountancy body in India with the objects of promoting , regulating and developing the profession of Cost Accountancy . It is the only licensing cum regulating body of Cost & Management Accountancy profession in India . It recommends the Cost Accounting Standards to be followed by companies in India to which statutory maintenance of cost records applicable . ICAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India . It also issues other technical guidelines on several aspects like Internal Audit , Management Accounting etc. to be followed by practising Cost Accountants while discharging their services . It works closely with the industries , various departments of Government of India , State governments in India and other Regulating Authorities in India e.g. Reserve Bank of India , Insurance Regulatory and Development Authority , Securities and Exchange Board of India etc. on several aspects of performance , cost optimisation and reporting . </P>
what is the institute of cost accountants of india
what is the institute of cost accountants of india
premier statutory professional accountancy body in India with the objects of promoting , regulating and developing the profession of Cost Accountancy
premier statutory professional accountancy body in India with the objects of promoting , regulating and developing the profession of Cost Accountancy