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ICWAI Re-named, Now To Be Known As ICAI

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The President of ICWAI Mr.M.Gopalakrishnan has announced that the Institute of Cost and Works Accounts of India (ICWAI) will now be known as The Institute of Cost Accounts Of India (ICAI). The change is a sequel to the passing of ICWAI Amendment Act 2011, to enable its members to use the designation ACMA and FCMA denoting Associate and Fellow membership of the institute respectively.

Addressing a press meet on the sidelines of the Regional Conference which was being held at Bengaluru, Gopalakrishnan said that this will enable the members working in india and abroad, being recognized by a common designation by which similar members are known throughout the globe.

He said “This is a major boost to the members of the institute who serve in various countries across the world and were facing discrimination due to their earlier designation AICWA- Associate Member of the Institute of Cost and Work Accountants of India and FICWA- Fellow Member of Institute of Cost and Work Accountants of India ”.

ICWAI is a Statutory Professional Body constituted under the special act of Parliament, namely the Cost and Works Accountant Act 1959. It acts with the objectives of promoting, regulating and developing the profession of Cost Accountancy.

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