Professional Development Committee (2021-22)
Request for Comments
In the prevailing competitive environment the stakeholders seek professional services to efficiently carry out any professional assignment. There is no mechanism of empanelment and categorization of Cost Accountants / Firms in the Institute. In view of the
representations made before the various Authorities/ organizations for authorizing Cost Accountants (CMAs) for audit and other assignments, it was felt necessary to introduce the mechanism of Empanelment and Categorization of Cost Accountants Firms of the Institute. The Multipurpose Empanelment Scheme (MES) is framed as per the requirements by various Authorities/ organizations for authorizing Cost Accountants (CMAs) for audit and other assignments.
The prime objective of the Multipurpose Empanelment with the Institute is to support various stakeholders who require rationally evaluated and categorized pool of Practicing Professionals (Proprietor / Firm) and also to make available a level playing field to the
practicing members of the Institute whenever such information is sought by the stakeholders.
The Professional Development Committee of the Institute took up this agenda of MES in its recent meeting for deliberation and after the due discussions it was decided to release the Exposure Draft of the Multipurpose Empanelment Scheme (MES) to seek Public Comments in order to have wider consultations with regulators, industry associations and stakeholders before finalizing the scheme.
The MES shall be finalised by the PD Committee in the light of suggestions/ comments received from the stakeholders. Please submit your views / comments / suggestions on the Exposure Draft in the following format latest by 17th March 2022 through email at pd@icmai.in
CMA Vijender Sharma
Vice-President and
Chairman, PD Committee
The Institute of Cost Accountants of India
Click here to download the Exposure Draft released by the Institute.
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