Abstract

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 Its outdated curriculum, severe competitive pressure from new programmes and serious differences within the Central Council, ICWAI's apex body, have contributed to ICWAI's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.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

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