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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