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  Institute of Cost Accountants of India  •   Certified Management Accou The Institute of Cost Accountants of India (ICAI), formerly known as the Institute of Cost and Works Accountants of India (ICWAI), is a professional body in India that focuses on promoting and regulating the profession of Cost and Management Accountancy in the country. It was established under the Cost and Works Accountants Act, of 1959, and it operates under the Ministry of Corporate Affairs, Government of India. ICAI offers a professional qualification known as the Certified Management Accountant (CMA) certification. This certification is designed for individuals who want to pursue a career in cost and management accountancy. CMAs are financial professionals who specialize in cost management, financial analysis, and strategic planning. They play a crucial role in helping organizations make informed decisions related to cost control, budgeting, and overall financial management. To become a Certified...