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          under graduate students.                       & Frauds above INR 50 crores in the Banking Industry.
          Initiatives by various departments of the Institute   Recognition of CMAs by Government, PSUs, Banks
                                                         and Other Organizations:
          International Affairs Department                 On representations made by the PD Directorate,
           I am happy that the WTO, International Affairs &  PEC Ltd. and Noida SEZ Authority have included Cost
          Sustainability Committee of the Institute has taken up  Accountants in EOIs. Further, the eminent organizations
          the task of dissemination of information on relevant   like Air Force Station – Pune, MSTC Limited, Odisha
          topics through organising the webinars to be taken  Mining Corporation Limited, Alcock Ashdown (Gujarat)
          up by the domain experts. I am told that the feedback  Limited, THDC India Limited, SJVN Thermal Pvt. Ltd.,
          of participating members is very encouraging. The  Dakshin Gujarat Vij Company Limited, Karnataka
          participation of large number of members in these  Handloom  Development  Corporation  Limited,
          webinar sessions is also appreciated.In continuation to  India Trade Promotion Organization  (ITPO), Power
          the efforts of the committee to connect with the CMA  Transmission Corporation of Uttarakhand Limited and
          professionals across the globe the committee organised  Rural Electrification Corporation (REC) recognized CMA
          following webinars for the members:            profession in their Tenders/EOIs.
           On ‘Implementing Integrated Reporting’ by CMA
             (Dr.) SK Gupta in two parts on 10th and 11thApril    Full Day Seminar on Co-operative audit in
             2017                                        Maharashtra
                                                           I am pleased to inform that the PD Directorate
           On ‘Breaking the National barrier and becoming  conducted a Full Day Seminar on Co-operative audit in
             Global CMA’ by CMA Chandrashekhar S Adawadkar  Maharashtra on 14thMarch, 2017 which was very well
             on 24thApril 2017                           received by the members.

           I urge the members to take advantage of  this  Research and Journal Department
          opportunity and enhance the skillset to excel in the   I was invited to participate in the 4thPHD Global Rail
          challenging environment.                       Convention-2017 on the theme ‘Indian Railways-“Gati
                                                         se Pragati in the Climate of Change” on April 26, 2017
          Placement Department                           at PHD House, New Delhi. We are proud to be associated
           As informed through my previous communiqué, the  as the Knowledge Partner of  the Convention and
          Institute organized campus placement program for the  released a knowledge report on the said topic prepared
          CMAs qualified in December 2016 term examination.   by our research team which was highly acclaimed.
          I truly thank the corporate leaders on their faith in  This Convention was the maiden attempt to create an
          our qualified students. I would again like to thank the  ideal platform for deliberating on crucial issues and
          industry partners for collaborating with the Institute  to  determine  the performance  objectives  in  Indian
          over the years. I congratulate all the qualified CMAs  Railways with showcasing of the best international
          who got placed during this season. I am sure that the  practices that can be adopted in the Indian Scenario.
          CMAs placed through this campus placement, would   Eminent dignitaries from relevant fields attended the
          contribute towards the growth of  their respective  Convention and yielded a plethora of thought provoking
          organization and raise the stature of our profession in  sustainable solutions for the progress of this Railway
          their career.                                  sector.

          Professional Development Department            Technical Directorate
            Recognition by Indian Bank’s Association for    Cost Accounting Standards Board
          Forensic Audit:                                  I am happy to inform that the “Limited Revision of
           I am  pleased  to inform you  that  based  on  the  Cost Accounting Standards (CASs)” showing clause
          representation and follow-up by the PD Directorate  by clause changes in the Cost Accounting Standards
          Indian Bank’s Association (IBA) has considered the Cost  having the impact of IndAs is now available on the
          Accountants for empanelment to take up assignments  Institute website that can be downloaded. The Limited
          relating to forensic audit of Frauds uptoINR 50 crores  Revision of Cost Accounting Standards (CAS-6, CAS-

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