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What is the scope of cost and management accounting in India (Formerly ICWA)?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

What is the scope of cost and management accounting in India (Formerly ICWA)?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear Anju, As per old companies act may companies who fulfilled the requirement given by the companies act and central govt. are mandatory to get cost audit by the cost accountant just like statutory audit. so in this case cma are required. however in the new companies act also some companies who fulfilled the condition notify the central govt are required to maintain cost record and audited by the cost accountant, however till the govt not notify any company to comply with such section. however all the companies are maintained cost record in the company so they can appoint CMA. i near future cma has no bright future in india. Any other query feel free to contact us. Writer CA Chitranjan Agarwal

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