ICWA December 2011 Results Out: ICAI

The Institute of Cost and Works Accountants of India (ICWAI) now known the Institute of Cost Accountants of India (ICAI) declared the results of inter, final & CAT Competency (Level II) on 20th February 2012.

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ICWAI is a statutory professional body constituted under the special act of Parliament, namely, the Cost and Works Accountant Act, 1959. It acts with the objectives of promoting, regulating, and developing the profession of Cost Accountancy.

 A bill to change the name of ICWAI (Institute of Cost and Works Accountants of India) to ICAI (Institute of Cost Accountants of India) was passed in Lok Sabha on 19th December 2012. The Rajya Sabha had passed the same bill on 12th December 2012.

This change in name is a consequence to the passing of the Cost & Works Accountants (Amendment) Act 2011 , to enable its members to use the designation ACMA and FCMA (instead of AICWA & FICWA) denoting Associate and Fellow membership of the Institute respectively.

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