The Institute of Cost Accountants of India (erstwhile The Institute
of Cost and Works Accountants of India) was first established in 1944 as
a registered company under the Companies Act with the objects of
promoting, regulating and developing the profession of Cost Accountancy.
On 28th May, 1959, the Institute was established by a special act of
Parliament, namely, the Cost and Works Accountants Act, 1959 as a
statutory professional body for the regulation of the profession of cost
and management accountancy.
It has since been continuously contributing to the growth of the
industrial and economic climate of the country. The Institute of Cost
Accountants of India is the only recognised statutory professional
organisation and licensing body in India specialising exclusively in
Cost and Management Accountancy.
A Cost Accountant is a person who offers to perform or perform
services involving the costing or pricing of goods and services or the
preparation, verification or certification of cost accounting and
related statements.
The head office is situated at 12, Sudder Street, Kolkata 700 016 and
operates through four regional councils are Kolkata, Chennai, Delhi and
Mumbai as well as through a number of important chapters situated
elsewhere in India and abroad.