This is part 4 of the topic Professional Body and Professionalism by CMA B V Prabhakar. He discusses on how accounting bodies IMA-USA, ICWAI-INDIA & ICSI-INDIA apply the above principles. View CMA B V Prabhakar's profile II. INSTITUTE OF COST & WORKS ACCOUNTANTS OF INDIA (ICWAI) (www.icwai.org) ICWAI is a premier statutory accounting body established by an Act of Indian Parliament, namely, Cost & Works Accountants Act, 1959 (CWA Act) to impart and develop cost & management accountancy profession in India. It operates under jurisdiction of Ministry of Corporate Affairs of Central (Federal) Government of India. It has chapters all over India and also in Middle East. Vision Statement "ICWAI would be the preferred source of resources and professionals for the financial leadership of enterprises globally " Mission Statement "ICWAI professionals would ethically drive enterprises globally by creating value to stakeholders in the socio-economic
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