Hi,
The profession was established by a special act of Parliament, namely, the Cost and Works Accountant Act, 1959. With the passing of the act.
The ICWAI examinations are held in three stages Foundation ,Intermediate and Final. A
candidate may appear for the Foundation examination after passing the plus two (twelfth
standard) examinations and completing coaching either postal or oral.. The students are
tested in Organisation and Management Fundamentals, Financial Accounting
Fundamentals, Economics and Business Fundamentals and Business Mathematics and
Statistics Fundamentals .The Foundation is waived in the case of gazetted officers, post
graduates, qualified engineers holding a degree and graduates from other streams .
They are generally allowed to register with the institute for the intermediate examination.
The institute has made it mandatory for registered candidates to undergo coaching either
directly or through correspondence and practical training, before appearing for the
examinations.