CMA

RTI – A weapon to CA CS CMA Students

CA, CS, CMA - Today, I have a great news to share with you all, especially for the students of Professional courses viz., CA – Chartered Accountancy, CS – Company Secretary, CMA – Cost and Management Accountancy and also useful for other students. On 11th of April, 2019 The Supreme Court of India under the Coram, HON’BLE MR. JUSTI...

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Responsibility of Directors: As Regards Maintenance of Cost Records

CA, CS, CMA - The Institute of Cost Accountants of India has issued a guidance note on the RESPONSIBILITY OF DIRECTORS: AS REGARDS MAINTENANCE OF COST RECORDS in January 2019. The guidance note aims to provide the guidance to the company to obtain a Assurance Certificate for Maintenance of Cost Records before incorporating the disclosure with regard t...

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Presentations on Standards on Cost Auditing: SCA 104

CA, CS, CMA - Presentation on Standard on Cost Auditing Knowledge of Business, its processes and the Business Envirnment (SCA 104)- An auditor needs to understand the clients business before audit of cost statements. [Current Business scenario, Nature of Business, Product Portfolio, Raw Material Prices Global impact etc., whether it is part of any regu...

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Presentations on Standards on Cost Auditing: SCA 103

CA, CS, CMA - Presentation on Standard on Cost Auditing- Overall Objectives of the Independent Cost Auditor and the Conduct of an Audit in Accordance with Cost Auditing Standards (SCA 103)...

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Presentations on Standards on Cost Auditing: SCA 102

CA, CS, CMA - Presentation on Standard on Cost Auditing Cost Audit Documentation (SCA 102)- Documentation is necessary to have proper evidence that the audit was planned and performed in accordance with SCAs and applicable legal & regulatory requirements. Cost auditor should document all matters, important in providing evidence to support the opinio...

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Appointment of CMA/CA firms for conducting GST audit of ICMAI

CA, CS, CMA - The Institute of Cost Accountants of India invites quotations from CMA/ CA firms for conducting GST audit for the F.Y. 2017-18, (22 GSTINs) as per the details below:-...

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Cost Accounting Standard on Cost of Production / Acquisition / Supply of Goods / Provision of Services

CA, CS, CMA - CAS-4 (REVISED 2018) COST ACCOUNTING STANDARD ON COST OF PRODUCTION / ACQUISITION / SUPPLY OF GOODS / PROVISION OF SERVICES The following is the Cost Accounting Standard (CAS-4) (Revised 2018) on “COST OF PRODUCTION / ACQUISITION / SUPPLY OF GOODS / PROVISION OF SERVICES” issued by the Council of the Institute of Cost Accountants of [...

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Guidance Note on Compilation Engagements by a Cost Accountant

CA, CS, CMA - Introduction The purpose of this Guidance Note on Compilation Engagements by a Cost Accountant is to provide guidance on the cost accountant’s professional responsibilities to compile cost statements and the form and content of the report, the cost accountant issues in connection with such compilation engagement. Objective of Compilatio...

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Result analysis of Dec 2018 exam of Institute of Cost Accountants of India

CA, CS, CMA - PRESS RELEASE Result declared for DECEMBER – 2018 term of examination Kolkata: The Institute conducts Foundation / Intermediate / Final Examination twice in a year i.e. in June and December. The results of December 2018 term of Examination of The Institute of Cost Accountants of India have been declared on 21/02/2019. Result Analysi...

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Guidance Note on Annual Return of GST

CA, CS, CMA - Guidance Note On Annual Return Of GST by Institute of Cost Accountants of India Containing Overview of Annual GST Returns, Prerequisites / Check List for filing of Annual GST Returns, Detailed Analysis of Annual GST Return Format GSTR-9, Suggested Reconciliation Formats, Due Dates of GST Return Filing, Notified Formats of Annual Return- (...

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Cost Accountants in practice cannot work as MD in a company

Ashok B. Nawal Vs ICWAI (Appellate Authority) - It was clear that despite knowing the fact that Managing Director (MD) was not allowed under the CWA Act, the Respondent had accepted the position of MD and also protecting the same. ...

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CAs lost battle against CMAs on Co-Operative Society Audit issue

Karnataka State Chartered Accountants Association, Bangalore & Ors. Vs The State of Karnataka, Department of Co-operation & Ors. (Karnataka High Court) - It is the case of the petitioners that succumbing to the pressure of lobbying and political pressure, brought by the members of the Cost Accountants fraternity, the State Legislature sought to bring a further amendment to Section 63 of the KCS Act, by Act no. 35 of 2014....

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HC Order allowing CA, CMA and CS to appear before VAT Authorities

Tax Lawyers Association Lko.Throu General Secy.& Anr. Vs State Of U.P. Thru. Prin. Secy.Tax & Registration U.P.Lko.& Ors (Allahabad High Court) - the writ petition, which has been admitted by an order passed the Division Bench on 6 August 2014, there is a challenge to the validity of Rule 73 of the U.P. Value Added Tax Rules, 2008 on the ground that they are ultra vires the provisions of the U.P. Value Added Tax Act, 2008 and the Advocates A...

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Change in Constitution of Appellate Authority under CA, CS, CMA Laws

G.S.R. 413(E) - (10/12/2016) - Central Govt makes further amendments in notification of Govt of India by which it notified Constitution of Appellate Authority under CA, CS & CMA Laws...

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No further deferment of Standard on Auditing 701 (SA 701): MCA

F. No. 01/33/2013-CL.V (Pt.) - (12/04/2019) - Further deferral of SA 701 cannot be permitted and it remains applicable for audits of financial statements for periods beginning on or after 1st April, 2018:‑(i) SA 701 was issued in May, 2016 with applicability for all audits of the year 2017-18 onwards. On the grounds of lack of adequate time f...

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Elections of councils of Institute of Cost Accountants of India

No. EL-2019/1, No. EL-2019/2, No. EL-2019/3, No. EL-2019/4, No. EL-2019/5, No. EL-2019/6, No. EL-2019/7, No. EL-2019/8, No. EL-2019/9 - (26/03/2019) - THE INSTITUTE OF COST ACCOUNTANTS OF INDIA NOTIFICATION Kolkata, the 26th March, 2019 ELECTIONS TO THE COUNCIL AND THE REGIONAL COUNCILS, 2019 The present (four-year) term of the Nineteenth Council will come to an end on July 21, 2019. For the purpose of constituting Twentieth Council on July 22, 20...

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No Mandatory Training for Renewal of CoP to Cost Accountants

Notification No. CWA/21/2019 - (08/03/2019) - The Institute of Cost Accountants of India has amended its recent notification and rectified its mistake due to which it was mandated Training for Renewal of CoP to Cost Accountants while its was intended for Issue of certificate of practice (CoP) THE INSTITUTE OF COST ACCOUNTANTS OF INDIA CORRIGEND...

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Mandatory training for issuing & renewal of COP for CMAs

Notification No. F. No. CWA/21/2019 - (01/02/2019) - A Cost Accountant is required to undergo a mandatory training before applying for Certificate of Practice or within six months of getting the Certificate of Practice. The duration of the training will be for six days or 36 hours with course fees as may be fixed by the Council from time to time....

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Recent Posts in "CMA"

Change in Constitution of Appellate Authority under CA, CS, CMA Laws

G.S.R. 413(E) (10/12/2016)

Central Govt makes further amendments in notification of Govt of India by which it notified Constitution of Appellate Authority under CA, CS & CMA Laws...

Read More

Appointment of CMA/CA firms for conducting GST audit of ICMAI

The Institute of Cost Accountants of India invites quotations from CMA/ CA firms for conducting GST audit for the F.Y. 2017-18, (22 GSTINs) as per the details below:-...

Read More
Posted Under: CA, CS, CMA |

RTI – A weapon to CA CS CMA Students

Today, I have a great news to share with you all, especially for the students of Professional courses viz., CA – Chartered Accountancy, CS – Company Secretary, CMA – Cost and Management Accountancy and also useful for other students. On 11th of April, 2019 The Supreme Court of India under the Coram, HON’BLE MR. JUSTI...

Read More
Posted Under: CA, CS, CMA |

No further deferment of Standard on Auditing 701 (SA 701): MCA

F. No. 01/33/2013-CL.V (Pt.) (12/04/2019)

Further deferral of SA 701 cannot be permitted and it remains applicable for audits of financial statements for periods beginning on or after 1st April, 2018:‑(i) SA 701 was issued in May, 2016 with applicability for all audits of the year 2017-18 onwards. On the grounds of lack of adequate time for preparedness the said applicability d...

Read More

Responsibility of Directors: As Regards Maintenance of Cost Records

The Institute of Cost Accountants of India has issued a guidance note on the RESPONSIBILITY OF DIRECTORS: AS REGARDS MAINTENANCE OF COST RECORDS in January 2019. The guidance note aims to provide the guidance to the company to obtain a Assurance Certificate for Maintenance of Cost Records before incorporating the disclosure with regard t...

Read More
Posted Under: CA, CS, CMA |

Elections of councils of Institute of Cost Accountants of India

No. EL-2019/1, No. EL-2019/2, No. EL-2019/3, No. EL-2019/4, No. EL-2019/5, No. EL-2019/6, No. EL-2019/7, No. EL-2019/8, No. EL-2019/9 (26/03/2019)

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA NOTIFICATION Kolkata, the 26th March, 2019 ELECTIONS TO THE COUNCIL AND THE REGIONAL COUNCILS, 2019 The present (four-year) term of the Nineteenth Council will come to an end on July 21, 2019. For the purpose of constituting Twentieth Council on July 22, 2019 and four Regional Councils for [&hell...

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No Mandatory Training for Renewal of CoP to Cost Accountants

Notification No. CWA/21/2019 (08/03/2019)

The Institute of Cost Accountants of India has amended its recent notification and rectified its mistake due to which it was mandated Training for Renewal of CoP to Cost Accountants while its was intended for Issue of certificate of practice (CoP) THE INSTITUTE OF COST ACCOUNTANTS OF INDIA CORRIGENDUM New Delhi, the 8th March, 2019 [&hell...

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Cost Accounting Standard on Cost of Production / Acquisition / Supply of Goods / Provision of Services

CAS-4 (REVISED 2018) COST ACCOUNTING STANDARD ON COST OF PRODUCTION / ACQUISITION / SUPPLY OF GOODS / PROVISION OF SERVICES The following is the Cost Accounting Standard (CAS-4) (Revised 2018) on “COST OF PRODUCTION / ACQUISITION / SUPPLY OF GOODS / PROVISION OF SERVICES” issued by the Council of the Institute of Cost Accountants of [...

Read More
Posted Under: CA, CS, CMA |

Guidance Note on Compilation Engagements by a Cost Accountant

Introduction The purpose of this Guidance Note on Compilation Engagements by a Cost Accountant is to provide guidance on the cost accountant’s professional responsibilities to compile cost statements and the form and content of the report, the cost accountant issues in connection with such compilation engagement. Objective of Compilatio...

Read More
Posted Under: CA, CS, CMA |

Result analysis of Dec 2018 exam of Institute of Cost Accountants of India

PRESS RELEASE Result declared for DECEMBER – 2018 term of examination Kolkata: The Institute conducts Foundation / Intermediate / Final Examination twice in a year i.e. in June and December. The results of December 2018 term of Examination of The Institute of Cost Accountants of India have been declared on 21/02/2019. Result Analysi...

Read More

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