10 January 2011
hello kuldeep do not compare courses both are ok at their place. you may go for CA and ICWA together it is best option for you.
Both ICAI & ICWAI are bodies incorporated by law. CAs & CWAs both hv statutory powers. and both Can Practice. (Personal Business). BUT where do we draw the line??
The statutory powers enjoyed by CAs are much wider in scope than CWAs. HOW? CAs can do all types of Audit like Statutory audit, tax audit, internal audit etc. However, CWAs can do only Cost Audit u/s 233B of the Companies Act 1956. So, there scope is lesser.
In India as chartered accountants have much wider scope of practice but in this global arena CMA's are playing vital role as we can see many persons who are double qualified i.e. CA as well as CWA some of them practice as CWA not as CA coz of the opportunity and money they earn.
CAclubindia
