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The Profession of Cost Accountancy is regulated by Special Act of Parliament namely, the Cost and Works Accountants Act 1959. With the passing of the act, “The Institute of Cost & Works Accountants of India” came into being on 28th May 1959.
“The Institute of Cost & Works Accountants of India” is the only recognized statutory professional organization and licensing body in India specializing exclusively in the field of Cost and Management Accountancy. It has its national headquarters at Kolkata and Regional councils at New Delhi, Kolkata, Mumbai and Chennai. It has 94 chapters established throughout the country and 6 centres abroad.
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