CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)
16 December 2011The government of India has allowed the Institute of Cost and Works Accountants to use ICAI in place of ICWAI. So now they think CA = CWA.
Should Institute of Chartered Accountants of India not react on this??
Please share your views on the following phrase and fill in the blanks
"Doodh mangoge tho kheer denge
CHARETERED mangoge tho ______________ Denge"
Sourav Banerjee MA,MSW
(Shabda Bramha)
(8842 Points)
Replied 16 December 2011
So far as my knowledge goes ( it does go after all 
),Institute of Chartered Accountants of India lobbied for this name and raised objection to the name change from ICWAI to ICMAI for the Institute. The President of ICWAI went almost demented for this and wrote a letter to the Govt. expressing his disapproval of the way things were dealt with at the highest level. But it is clear that his most commendable efforts went in vain.
This is indirectly corroborated by the fact that Cost Accountants will now use the abbreviations ACMA and FCMA as and where applicable whereas their Insitute will be abbreviated as ICAI.
It's a war that should have been averted at all cost.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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