The Institute of cost and works accountants of India Enters into MoU with IMA (USA)
The Institute of
Cost
and Works Accountants of India (ICWAI) entered into a Memorandum of
Understanding (MOU) with the Institute of Management Accountants (IMA), USA
here today. This will enable mutual recognition and cooperation between the two
institutes to develop the profession of Management Accountancy for the benefit
of their members and students in the pursuit of excellence in education and
training and continuing professional development in Management Accountancy.
The MOU will enable recognition of the professional qualification of the
respective Institutes. A member of ICWAI can get enrolled as a member of IMA USA
and vice versa. However, an IMA member enrolling as a member of ICWAI will not
be allowed to hold a certificate of practice to undertake any statutory work in
India.
The MOU will bring mutual recognition and global cooperation between members of
ICWAI and of IMA. IMA and ICWAI have a long history of working together on
research and conferences and this agreement is the next step of a productive
relationship.”
On this occasion, Mr. Kunal Banerjee, President ICWAI, said, “ ICWAI will
enhance its global presence through this MOU and members of both the Institutes
will immensely benefit from recognition of both certifications. The MOU will
also help in applied research in areas of specific interest related to
Management Accounting”.
The Institute of Cost
and Works Accountants of India (ICWAI) has been established under an Act of the
Parliament to regulate the profession of Cost and Management Accountancy in India. Over the years the Cost and Management
Accountancy profession has registered a formidable growth and has come to occupy
a prominent role in Indian economy and society. Today the Institute has more
than 1,65,000 students and more than 42,000 qualified members spread all across
the world. -------------