THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(Statutory body under an Act of Parliament)
Cost Accounting Standards Board (CASB)
CASB Secretariat
CMA Bhawan, 3, Institutional Area, Lodi Road
New Delhi – 110003
Phone: 011-24666112 / 109
Fax: 011-43583642
Mobile: 9871257800
Email:
casb@icmai.in
Website: www.icmai.in
___________________________________________________ _________________________________________________________________________________________________________________________________________________________ ______________________________________________________________________________________________________ ________
COMMUNIQUE FROM CHAIRMAN
Cost Accounting Standards Board
Dear Professional Colleagues,
I am happy to inform that the Cost Accounting Stand ards Board (CASB) of the Institute
is vigorously working to bring out the Cost Account ing Standards (CASs) for remaining
areas of Cost Accounting methodology. As stakeholde rs are aware that the CASB
identifies the Cost Accounting Standards for which Guidance Notes are to be issued
keeping in view implementation issues and then cons iders how CASB can best respond
to such issues. Many Guidance Notes on CASs have al ready been issued by CASB in the
past. Toward this initiative, CASB approved the Exp osure Draft of Guidance Note for
“CAS 2 (Revised 2015) - Capacity Determination” on 23
rd December 2015 and is hosted
on the Institute website. The last date to receive the comments/ suggestions on this
Guidance Note has been extended upto 17
th February 2016.
Further, on the demand of stakeholders, the last da te to receive the comments/
suggestions on Exposure Draft of Cost Accounting Standard on “Treatment of
Revenue for Cost Statement” has also been extended upto 17
th February 2016. As the
next CASB meeting is scheduled to be held shortly, I urge members to send their views/
suggestions/ comments on said Guidance Note and Cos t Accounting Standard within
stipulated time. It is needless to emphasize that s uggestions of members are
immensely important for CASB to enable it to improv e the Exposure Drafts before the
same are issued in the final form.
CASB Secretariat is also working on various standar ds and Guidance Notes including
Cost Accounting Standard on “ Determination of Arm’s Length Price ”, Cost Accounting
Standard on “Overburden Removal Cost” and Guidance Note on Cost Accounting
Standard (CAS-13) on “ Cost of Service Cost Centre ”.
I extend my warm wishes for Basant Panchami, Shivaj i Jayanti and Guru Ravidas
Jayanti.
9th February 2016 (CMA Balwinder Singh)
CHAIRMAN CMA Balwinder Singh Council Member
MEMBERS CMA Vijender Sharma
Council member
CMA A.B. Nawal Council Member CMA Niranjan Mishra
Council Member
CMA P. Raju Iyer Council Member
CMA Brijmohan Sharma
Past President, ICAI
Shri R. Asokan Advisor (Cost), CAB
CMA S.A. Murali Prasad PCA
CMA K. Narasimha Murthy
PCA
CMA Dr. D. Jagannathan Management Consultant
CMA Dr. Asish K. Bhattacharyya
Management Consultant
Dr. Shailesh Gandhi IIM-Ahmedabad
CA S.C. Vasudeva
FCA
CS Mamta Binani ICSI
CA Shiwaji B. Zavare
ICAI
CMA Asim Kr. Mukhopadhyay Tata Motors Ltd.
Shri Murli Ganesan
ITC Ltd
Shri S.K. Agrawal PNGRB
CMA Kunal Banerjee ASSOCHAM
CMA Dr. S.K. Gupta
PHDCCI
Shri A.K. Dhingra TRAI
Shri B.N. Sahoo
SEBI
Shri Sanjeev Singhal CII
CMA P.V. Bhattad
President
CMA Manas Kumar Thakur Vice-President
SECRETARY CMA J.K. Budhiraja Sr. Director (Technical)