Shri Salman Khurshid says the Cost and Management Accounting professionals to play a major role in ensuring reasonable pricing of essential goods and services
News and Press Release
Dated:- 11-9-2009
ICWAI URGES GOVERNMENT FOR MORE REGULATORY POWERS
Shri Salman Khurshid, Minister for Corporate Affairs, has expressed confidence that under the present scenario, the Cost and Management Accounting professionals can play a major role in government initiative to control the inflation and make essential goods and services available to the public at a reasonable price. Addressing the Council of Institute of Cost and Works Accountants of India ( ICWAI ) here today at ICWAI Bhawan, Shri Khurshid said that the Expert Group constituted b
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
y to the Institute and the profession of cost & management accounting, ICWAI suggested for acceptance and implementation of some of the recommendations of the Expert Group. The Institute also suggested the following:
• Redraft the proposed provisions for cost accounting and cost audit to remove the anomalies under proposed clause 131 of the new Companies Bill, 2009 vis-a-vis Section 209 (1) (d) and 233 (b) of the Companies Act 1956
• Cost Accountants be allowed to attest and certify statement under Revised Schedule VI.
• Inclusion of ICWAI representative in the Expert Group for IFRS constituted by MCA.
• Inclusion of Cost Accountant in the audit of LLP Accounts.
• Inclusion of Cost Accountants within the definition of “Accoun
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =