EstablishmentThe Indian institute of Cost and Works Accountant 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. It specializes in the field of Cost and Management Accountancy.
The ICWAI came into being by "The Cost and Works Accountants Act" a special act passed by the parliament in 1959 on 28th May 1959.
ManagementThe Cost and Works Accountancy profession is regulated by a council in accordance with the provisions of "The Cost and Works Accountants Act".
The council consists of 12 elected members and 4 nominees of the central Government.