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COST AND MANAGEMENT ACCOUNTANCY (CMA) ICAI (ICWAI as it was previously known) is the ultimate name in the field of cost accountancy. It is the essential professional programme for anyone who dreams of building a rewarding career in cost accountancy. ICAI is the statutory professional accountancy body in India. It is also the only licensing and regulatory body of cost and management accountancy profession in the country. Primarily endowed with the task of setting the auditing standards for statutory cost audit and the audit of cost statements in India, ICAI also issues other technical guidelines on several aspects like internal audit, management accounting etc. to be followed by practicing cost accountants during their services.
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