Mint: Cost accountants may not be treated at par with CAs by finmin New Delhi: The finance ministry has ignored calls by cost accountants that they be treated at par with chartered accountants and be allowed to sign off on the financial statements of companies. Cost ... Cost accountants may not be treated at par with CAs by finmin Cost and works accountants (CWAs) — called management accountants in other countries — work in and beyond the 44 classes of product-oriented industries, such as sugar, paper, refrigerators, cement and ...

Understanding the Context

Cost and Works Accountants will now only be known as Cost Accountants, with Parliament approving amendments to the existing legislation earlier today. Cost and Works Accountants will now only be known ... The Financial Express: Cost accountants’ institute asks govt to allow members to conduct financial audits of MSMEs The cost accountants’ institute has requested the government to consider allowing cost and management accountants to conduct financial audit of MSMEs and private limited companies. The Institute of ...

Key Insights

Cost accountants’ institute asks govt to allow members to conduct financial audits of MSMEs Chartered accountants have dragged cost accountants to court charging the latter with trying to ‘misrepresent’ themselves as chartered accountants, and attempting to misappropriate the reputed acronym ... Chartered accountants of Karnataka under the Karnataka State Chartered Accountants Association have lost their case against the Karnataka State Cost Accountants Association in the high court. The CAs ... Business Line: Cost accountants' institute asks govt to allow members to conduct financial audits of MSMEs The cost accountants' institute has requested the government to consider allowing cost and management accountants to conduct a financial audit of MSMEs and private limited companies. The Institute of ...

Final Thoughts

Cost accountants' institute asks govt to allow members to conduct financial audits of MSMEs