The UK model of regulating the quality of accounting profession
Best practices in the oversight models from around the world
Asian system of professional governance is proving to be inadequate
Like corporate Boards, the Institute council should concentrate on strategy rather than keep busy with administrative problems
New framework called Enterprise Governance in the place of corporate governance which has become a checklist exercise
By and large, Audit Committees are not functioning independently enough to be effective
Cost management, as a process, should be adopted all the time, not merely during slowdown
When applying cost management principles, social considerations become relevant even in developed countries
When applying cost management principles, social considerations become relevant even in developed countries
Proper determination of segmental costs and revenues should be mandated for reporting
Inventory valuation should be brought under Cost Accounting Standards to avert Satyam-type frauds
Principles-based costing standards can be evolved for service sector
Cost audit findings can be reported to Audit Committees and thus act as a check on financial audit
Can shareholders gain further assurance from cost audit report excerpts which may be included in annual report
Regulators have all along under-utilised the cost and management accounting profession
Role of cost and management accountants for value creation and fraud detection
Materials, design, processes can be the areas that offer cost reduction opportunities in manufacturing sector
Building extra design specifications can be a deliberate business strategy
Case studies are documented and shared in the area of quality, but not so much in cost
Cost management in Government
Board of Canada has issued costing standards for Government
US has costing standards for suppliers to the Government
Investor should assess the competence of enterprises, and the returns, segment-wise
On the ICWAI syllabus
Promoting the application of cost accounting principles in SMEs through the Technicians course
CAT course getting attention in Tier-2 and Tier-3 cities, through our campaign in schools
Engineering knowledge can help link up business process with the numbers
Nammalwar's advice on waste elimination
The unending pressure on the cost of entry-level products will cease when innovation kicks in
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