The Institute of Cost and Works Accountants of India News


ICWAI to be now known as ICAI

The Institute of Cost and Works Accountants of India ( ICWAI ) will now be known as The Institute of Cost Accountants of India ( ICAI ), President of ICWAI Mr. M. Gopalakrishnan has said. The change is a sequel to the passing of of ICWAI Amendment Act 2011, to enable its members to use the designation ACMA and FCMA denoting Associate and Fellow membership of the Institute respectively.

Addressing a press meet on the sidelines of the Regional Conference being held at Bengaluru 20th January, 2012, Gopalakrishnan said that this will enable the members working in India and abroad, being recognized by a common designation by which similar members are known throughout the globe.

“This is a major boost to the members of the Institute who serve in various countries across the world and were facing discrimination due to their earlier designation AICWA and FICWA”, he added.

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


The Institute of Cost and Works Accountants of India

The next Foundation, Intermediate, Final, Certificate in \ Accounting Technician  ( CAT ) and  Management \  Accountancy examinations of the Institute will be held from 10th December, 2011 to 17th December,  2011 in 95 centers in India and 2 centers ( Dubai & Muscat ) abroad. The application forms for the aforesaid examinations are available from,

The Institute’s head quarters at 12,
Sudder Street,
Kolkata 700016.

Regional councils and all the Chapters of the Institute off payment of [rupee]50/- perform. In case of overseas candidates, forms are available at Institute’s headquarters on payment of US $ 10 per form.

The students can also download the examination form from ICWAI  Website :  In case of downloaded forms [rupee]50 or US$ 10 as applicable should be added extra with the examination fees towards the cost of the form. The students can fill up and submit the application forms online at  Website : In such a case the cost of application form will be waived.

The students can submit their application forms along with the requisite fees to be paid through demand draft only, drawn in favour of ICWAI payable at Kolkata. The application forms can be submitted at,

Sudder Street,
Kolkata 700016.

Or Regional councils or chapter offices.

The last date for receipt of examination application forms without late fees is 10th October, 2011 and with late fees of [rupee]300 are 20th October, 2011.

Detailed information of fees, dates, timings etc. is given in the Examination Notification which is hosted in the Institute’s

Website :