ICWAI in 2004: Grappling with New Challenges

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:


Case Code : BSTA024 For delivery in electronic format: Rs. 500;
For delivery through courier (within India): Rs. 500 + Rs. 25 for Shipping & Handling Charges


Case Length : 20 Pages
Period : 2004 - 2005
Organization : ( ICWAI ) Institute of Cost and Works Accountants of India
Pub Date : 2005
Teaching Note : Not Available
Countries : India
Industry : Management Association


In 2004, the Institute of Cost and Works Accountants of India (ICWAI), is facing major concerns. The Institute's financial position is deteriorating rapidly, with a sharp decline in student registrations. The Institute has also been mired in controversies involving examination malpractices and financial mismanagement. Its outdated curriculum, severe competitive pressure from new programmes and serious differences within the Central Council, ICWAI's apex body, have contributed to ICWAI's decline. To complicate matters, a recent bill in parliament has opened the doors for government intervention. ICWAI's Central Council members are trying to figure out ways to revitalise their 60-year old organisation.


  Page No.
Introduction 1
About ICWAI 1
Background Note 2
Recent Developments 3
Other Concerns 5
ICWAI's response 6
The Government's Response 8
The Road Ahead 10
Exhibits 12


Institute of Cost and Works Accountants of India (ICWAI), Cost accountancy, Registration, Correspondence course, Institute of Chartered Accountants of India (ICAI), Project evaluation, Risk management, Efficiency monitoring, Financial service, Non-performing asset, Cost audit, Risk assessment

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