Icwai now icai

1636 views 10 replies

rohan sharma

professional

166 Points Joined August 2009

Cost and Works Accountants will now only be known as Cost Accountants, with Parliament approving amendments to the existing legislation earlier today.

Also, there will be some brand confusion as the Institute of Cost and Works Accountants of India will now be called the Institute of Cost Accounts of India. As a consequence, the Chartered Accounts Institute and the Cost Accounts Institute will share the same acronym - ICAI.

The approved amendments to three separate acts - the Cost Accountants, Chartered Accountants and Company Secretary acts will also enable professionals to form limited liability partnerships and offer multidisciplinary services.

Replies (10)

Deepak Gupta

CA Student

15927 Points Joined May 2011

> THE CHARTERED ACCOUNTANTS (AMENDMENT) BILL, 2011

> THE COST AND WORKS ACCOUNTANTS (AMENDMENT) BILL, 2011

> THE COMPANY SECRETARIES (AMENDMENT) BILL, 2011

AS PASSED BY THE RAJYA SABHA ON THE 12TH DECEMBER, 2011

Guest

This shows how 9 Lacs CA students and 1.75 Lacs CA have shown liberal stand. Once this fraternity and indian public deal with the fact., this cant happen.

There is not any discipline called " Management Accountant " There is concept Mangement accountant in US and Cananda. Their organisation set up is private body or society. Let s make ICWAI a private or society .

Even CIMA in UK has withdran from accounting activites and interetsed in MBA ousre rather than Accouting cousre.

Hence Make ICWAI a maangemnet shcool

There will not be two regulatory body for one profesion " Accouting .Some examples are

Banking RBI

Cricket BCCI

Share Market SEBI

Telecom TRAI

Insurance IRDA

Kanika Goel

Advisor at PAS

183 Points Joined January 2010

will these changes make any effect in our courses?? both subjects of CA n CS ???

CA Himanshu Bansal

Risk Manager

2345 Points Joined April 2008

Originally posted by : Kanika Goel
	will these changes make any effect in our courses?? both subjects of CA n CS ???

No..

Guest

In hockey two body....Hockey India and Indian Hockey Federations.

And BCCI is not a govt. body BCCI not covered by RTI law

Guest

In hockey two body....Hockey India and Indian Hockey Federations.

And BCCI is not a govt. body BCCI not covered by RTI law

Guest

Very good rashid,

But you are also aware , what is status of hockey in India before Cricket. Cricket has given Sachin , world knows. How much talennt was given bu hockey nowdays.

Guest

legendary hockey players

1.Dhyan Chand
2.Leslie Claudius
3.Balbir Singh Sr.
4.Ajit Pal Singh
5.Udham Singh
6.K. D. Singh Babu
7.Mohammed Shahid
8.Dhanraj Pillay

Gold Silver Bronze Total
1 Olympic 8 1 2 11
2 World Cup 1 1 1 3
3 Asian Games 2 9 2 13
4 Asia Cup 2 4 1 7

Guest

Countaries play cricket:-

Australia
Bangladesh
England
India
New Zealand
Pakistan
South Africa
Sri Lanka
West Indies
Zimbabwe

Contaries Play Hockey:-

The Netherlands, Germany, New Zealand, Australia and Spain

India, Pakistan, Argentina, England,Argentina, China, Korea, and Germany.

Guest

I ageed with you, but you want to justify that we need to have two regulatory bodies. BCCI is no complying withRTI act. The Hockey may be exceptio , but all the profession is regulated by one body.

See , There two bodies for hockey in India , what a worse situation indian hockey is facing now, If there is two accounting regulato, inidian accounting will be of same situantio,