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Comply without delay with timeline of Cost Audit 2023-24

CA, CS, CMA : Ensure timely compliance with the 2023-24 Cost Audit timeline. Promptly report any deviations to the Ministry of Corporate Affairs...

May 15, 2024 1359 Views 0 comment Print

Applicability & Non-Compliance in Cost Records/Audit: MCA Notices & ICMAI Advisory

CA, CS, CMA : Applicability of Cost Records and Cost Audit and Non-Compliance with various provisions with regard to Cost Records/Audit results ...

May 13, 2024 9114 Views 0 comment Print

Unlocking Success: Motivational Guide for CS, CA and CMA Aspirants

CA, CS, CMA : Starting the journey of becoming a Chartered Accountant (CA), Company Secretary (CS), or Cost and Management Accountant (CMA) is n...

March 30, 2024 969 Views 0 comment Print

प्रोफेशनल स्वस्थ कैसे रहें

CA, CS, CMA : जानें कि एक स्वस्थ पेशेवर जीवनशैली कैसे बनाए रखे...

March 25, 2024 2055 Views 0 comment Print

Efficient Client Management: Excel Proforma for CA/CS/CMA

CA, CS, CMA : Enhance client management for professionals like Chartered Accountants, Company Secretaries, and Cost Accountants using Excel-base...

August 16, 2023 5556 Views 0 comment Print

Latest News

CAS-2 (Revised 2024) Cost Accounting Standard on Capacity Determination

CA, CS, CMA : Explore revised CAS-2 (2024) standard for capacity determination, issued by Institute of Cost Accountants of India, ensuring consi...

May 18, 2024 243 Views 0 comment Print

Guidance Note on Inventory Valuation under Income Tax Act 1961

Income Tax : Learn how to prepare Inventory Valuation Reports under Section 142(2A) of the Income Tax Act, 1961 with our comprehensive Guidance...

May 10, 2024 1968 Views 0 comment Print

ICMAI Advisory: Unit of Measure & Cost Audit Report Submission

CA, CS, CMA : ICMAI issues advisory for members regarding Annexures in Cost Audit Reports & timely submission. Ensure compliance for statutory r...

May 10, 2024 327 Views 0 comment Print

MCA Invites Comments on Review of 5 Rules under CA, CWA and CS Acts

CA, CS, CMA : Ministry of Corporate Affairs invites comments on rules review under CA, CWA, and CS Acts. Participate in the consultation process...

April 19, 2024 564 Views 0 comment Print

FAQs on UDIN for Practicing Cost Accountants/CMAs

CA, CS, CMA : Frequently Asked Questions on Unique Document Identification Number (UDIN) (Updated as on March 30, 2023) Q.1 What is Unique Docum...

April 6, 2024 8916 Views 0 comment Print

Latest Judiciary

No provision for re-evaluation of answer scripts in Cost Accountancy exams: HC

CA, CS, CMA : Kolkata High Court judgment on re-evaluation of answer scripts in Cost Accountancy exams. Analysis of regulations and court decisi...

November 25, 2023 3021 Views 0 comment Print

HC restrained Institute of Cost Accountants from using ‘ICAI’ acronym

CA, CS, CMA : Delhi High Court restrained Institute Of Cost Accountants Of India from using ICAI acronym, a trademark which stands registered in...

March 28, 2023 16098 Views 0 comment Print

CA, CS, CMA authorised to present case on behalf of client under RERA

Corporate Law : Sanjay Ghiya Vs Union Of India (Rajasthan High Court) Rajasthan High Court held that CHARTERED ACCOUNTANTS Or COMPANY SECRETARIES ...

April 28, 2022 4689 Views 0 comment Print

SC dismisses plea against use of acronym ‘ICAI’ by Institute of Cost Accountants of India

CA, CS, CMA : CA V. Venkata Sivakumar Vs. The Secretary, Institute Of Cost Accountants Of India Use of acronym ICAI by Institute of Cost Account...

July 19, 2021 31734 Views 10 comments Print

Who can use the acronym ICAI- HC to hear the matter on 27th July, 2021

CA, CS, CMA : Institute of Chartered Accountants of India Vs The Institute of Cost Accountants of India (Delhi High Court) Institute of Chartere...

June 3, 2021 1140 Views 0 comment Print

Latest Notifications

Constitution of Appellate Authority for CAs CSs and Cost Accountants

CA, CS, CMA : Discover the latest amendments to the Chartered Accountants Act by the Ministry of Corporate Affairs. Stay informed with the updat...

April 26, 2024 1170 Views 0 comment Print

Central Bank of India Scheme for CA/CS/CMA & other finance professionals

CA, CS, CMA : Discover Central Bank's Cent CA/CS/CMA scheme, offering attractive interest rates for finance professionals. Eligibility, benefits...

April 3, 2024 4926 Views 0 comment Print

ICMAI Withdraws Paper 5 Exemption for CAT Qualified Students

CA, CS, CMA : Important notification from the Institute of Cost Accountants of India: Exemption in Paper 5 - Business Laws & Ethics for CAT qual...

January 30, 2024 513 Views 0 comment Print

Inventory Valuation by Cost Accountants (CMAs) Draft Format released for comments

Income Tax : Inviting comments on the draft Form No. 6C for implementing the amendment made by the Finance Act, 2023 wrt Sub-section (2A) of th...

August 16, 2023 3306 Views 0 comment Print

Draft Cost and Works Accountants (Amendment) Regulations, 2023

CA, CS, CMA : The Institute of Cost Accountants of India (ICAI), established under the Cost and Works Accountants Act, 1959, is a statutory body...

August 1, 2023 2730 Views 0 comment Print

CMA President's Communique for February 2014

February 3, 2014 982 Views 0 comment Print

I take this opportunity to thank all the members and stakeholders for gathering adequate support in favor of the Cost Accounting Records, Cost Audit and for modification of the draft Companies (Cost Records and Cost Audit) Rules, 2013 so that the professionals and the profession could contribute its expertise for the cause of the society and I sincerely look forward for your continued support for the cause of the profession.

Apex Cost Audit body Invites Application for Internal Audit for 2014-15

January 31, 2014 1472 Views 0 comment Print

Application for Internal Audit 2014-15 Sealed and separate applications are invited from Cost Accountants’ Firm, having minimum of 4(four) Partners who are in full time practice for conducting the Internal Audit of the Head Quarters of the Institute at Kolkata and Delhi for the FY 2014-15, mentioning following details of the Firm :

Relevance and Utility of Cost and Management Accounting In the present Socio-Economic scenario

January 7, 2014 3520 Views 0 comment Print

The global business environment is characterized by intense competition from domestic players and multinational companies. Formulating the right strategy is inevitable in order to establish competitive advantage. As a strategist, the management accountant is critically involved in deciding and negotiating appropriate strategic moves and also helping managers determine their most important customers, competitors, substitute products […]

CMA Examination – Rank List June 2013

January 3, 2014 1605 Views 0 comment Print

Rank List of FINAL Exam (June-2013 Term). Rank List of INTERMEDIATE Exam (June-2013 Term) Important announcement regarding rank certificate: “The Rank Certificate for December 2012 and June 2013 term will be awarded to the candidate during annual student convocation 2014. The details of annual student convocation will be uploaded soon.”

CMA President's Communique for January 2014

January 2, 2014 610 Views 0 comment Print

One of the major challenges that the Companies Act, 2013 poses is the absence of transition provisions. As professionals, we need to understand the responsibility in the wake of globalization, liberalization and privatization sweeping the corporate world to come up to the expectations of not only the corporate sector but also the entire society.

Expression Of Interest For Empanelment Of Advocate with CMA Body

January 1, 2014 1997 Views 0 comment Print

Requirement of Advocates/Law Firms for Empanelment to represent The Institute of Cost Accountants of India/Statutory body under an Act of Parliament) its Regional Councils and Chapters before various Courts, Forum and Tribunals etc.

Notification for CMA Students appearing in Foundation Examination December 2013

December 24, 2013 225 Views 0 comment Print

Candidates appearing in Foundation Examination for Dec’13 term are strictly advised to report at the respective examination centres at least one hour before the commencement of the examination i.e. at 9:00am for morning session and 1pm for afternoon session. Any candidate reporting later than the above time will not be allowed to appear the examination. […]

CMA President's Communique for December 2013

December 3, 2013 1578 Views 0 comment Print

On the wake of the Draft Companies (Cost Records and Cost Audit) Rules, 2013 notified by the Ministry of Corporate Affairs, Government of India on 21st November, 2013 U/s 148 of the Companies Act, 2013,

Cost Competitiveness vs. Compliance

November 26, 2013 721 Views 0 comment Print

CMA Suresh Chandra Mohanty, President of the Institute, in a press release, expressed deep concern that the Draft Companies (Cost Record and Cost Audit) Rules, 2013 issued by the Ministry of Corporate Affairs would hurt the economy, the corporate sector and the profession.

CMA Body to demand more coverage under draft Cost Audit & Record Rules

November 24, 2013 1337 Views 0 comment Print

The Council of the Institute expresses its deep concern and feels that the Draft Rules on Cost Records and Cost Audit do not address the basic objective of inculcating cost competitiveness across all sectors, expressed by Honourable Parliament and Standing Committee on Finance on several occasions.

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June 2024