30 May 2012
Cost accountants are required for the following purpose.
1.For the purpose of maintanance of cost records and Cost audit u/s233B of companies act,1956.
2.Valuation audit under Central Excise Act.
3.Audit under Vat and Special audit under Customs Act.
4.For determination of product prices.
5.Tax consultant.
6.Project planning or financial adviser.
Options are also open to CWAs to directly register in M.Phil and Ph.D. courses in commerce as decided by the Association of Indian Universities. All India Council for Technical Education or AICTE decided that Fellow members of ICWAI will be treated at par with the persons holding Ph.D. degree for appointment in the posts of Professor and Lecturer in Professional and management Institutes.