CMA Profession

Professional Opportunities for Cost Accountants (CMAS)

Scope for practising Cost Accountants:

  • Maintenance of Cost Records under Cost Accounting Records Rules u/s 209(1) (d) of Companies Act, 1956 in specified industries and Compliance Certificate either by employees who are CMAs or by practising CMAs.

  • Cost Audit under section 233B of Companies Act, 1956.

  • Certification of various forms in Director General of Foreign Trade under the Ministry of Commerce and Industry.

  • Empanelment as Auditors in West Bengal Co- operative Society.

  • Stock, Concurrent and Due Diligence Audit of various Banks.

  • Valuation Audit under section 14A & 14AA of Central Excise Act, 1944.

  • Special Audit under Customs Act, 1962.

  • Audit under VAT Acts of various States.

  • Certification of Cost of Production for Captive Consumption for the purpose of Excise Duty assessment.

  • Certification under EXIM Policy.

  • Certification of Consumption for import Application.

  • Tax Consultancy.

  • Project Management Consultancy.

  • Surveyor and Loss Assessor under Insurance Act, 1938.

  • Recovery Consultant in Banking Sector.

  • Business Valuation.

  • Financial Services.

  • Advisor to an Issue.

  • Trustee, Executor, Administrator, Arbitrator, Receiver, Appraiser, Valuer, Adviser.

  • Taking up any assignment that may be bestowed upon by the Central or State Government, Court of Law, Labour Tribunals or any other statutory bodies, regulatory bodies etc.

  • Internal Audit in State /Central Public Sector Undertakings.

  • Internal Audit for Stock Brokers/ Trading Members/ Clearing Members/ Depository. (SEBI Circular No. MIRSD/DPSIII/Cir-26/08 dated August 22, 2008)

Contact Us

Contact Us

The Institute of Cost Accountants of India
Kottayam Chapter
Reliable Buildings
K K Road, Kottayam - 686 001.
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