The differences between the professional bodies of chartered accountants and cost accountants could delay the amendments to their respective acts, which are necessary for setting up of big and multi-functional professional firms in the country.
The Institute of Chartered Accountants of India, or ICAI, has opposed one of the clauses of the amendment that has mooted a change in the name of cost accountants body to Institute of Cost and Management Accountants of India.
The ICAI has argued that the bulk of the management accounting work is done by the chartered accountants, so addition of the word ‘Management’ to the Institute of Cost and Works Accountants of India, or ICWAI, is misleading and should not be allowed.
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ICAI Vs. ICWAI
Replies (5)
Hi sir look this link below to find the history of 90 years of CIMA
Why ICAI is opposing the name change???
May be b coz they dont know about the profession ICWA
https://www.cimaglobal.com/About-us/Celebrating-90-years/
Any way the name will change Indian parliament is ammending the Acts not ICAI
Padma Kumar is right.
thank you kooll87
Why ICAI is interfering in this matter let the goverment do what they want to do. I think Because the goodwill will be down of ICAI.
EAST AND WEST ICAI IS BEST.....................
ICWAI SHOULD DELETE IT NAME COST ACCOUNTANT BCZ THEY R ONLY WORKER OF INDUSTRY NOT PROFESSIONAL
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