ICMAI: Invitation for Expression of Interest for Empanelment of Resource Persons

The Institute of Cost Accountants of India (ICMAI), a prestigious statutory body established by an Act of Parliament in 1959, has recently announced an opportunity for experienced professionals to contribute to the profession of Cost and Management Accountancy. Through the Ref No: EOI/PD/RP/2024 dated 20th February 2024, ICMAI is inviting expressions of interest for the empanelment of resource persons tasked with the preparation and revision of Guidance Notes. This initiative is aimed at enhancing the resources available to professionals in practice and stakeholders in the industry.

Detailed Analysis

Strengthening Professional Capabilities: The primary goal of this initiative is to bolster the professional development of ICMAI members and other stakeholders by providing them with comprehensive Guidance Notes. These documents are instrumental in guiding professionals through the complexities of Cost and Management Accountancy, offering insights into industry best practices and practical approaches to various topics, sectors, and industries.

Eligibility and Expectations: Qualified professionals such as CMA, CS, CA, LLB, Ph.D., M.Phil, and MBA holders with a minimum of 5 years of experience are invited to apply. The Institute emphasizes the importance of proficiency in writing technical materials, articles, and research papers. The selection process is stringent, aiming to form a panel of resource persons capable of delivering high-quality, practical, and comprehensive guidance notes within a specified timeframe of one month from the assignment’s award.

Submission Process and Timeline: Interested candidates are required to submit their expression of interest by 20th March 2024, exclusively through the online platform provided by ICMAI. This streamlined process ensures a transparent and efficient selection process, encouraging participation from professionals nationwide.

Benefits of Empanelment: Empanelment as a resource person offers numerous benefits, including professional recognition, the opportunity to contribute significantly to the field, and the chance to shape the practices and standards within the profession of Cost and Management Accountancy.

Conclusion

The ICMAI’s call for empanelment of resource persons to prepare and revise Guidance Notes represents a significant step forward in professional development and capacity building within the field of Cost and Management Accountancy. This initiative not only enriches the resources available to professionals but also opens up avenues for experienced practitioners to contribute to the growth and evolution of the profession. As the institute continues to foster a culture of continuous learning and professional excellence, the participation of knowledgeable professionals will undoubtedly enhance the value and relevance of the Guidance Notes, thereby benefiting the community at large.

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