The Institute of Cost Accountants of India (ICAI) is a premier professional body of Management Accountants in the country established on 28th May 1959 encacted by the parliament to regulate Cost & Management Accountancy in India. The Institute as a part of its obligation to regulate the profession of Cost Accountancy course, provide facilities to students, organizes professional development programmes for the members and undertakes research programmes in the field of Cost& Management Accountancy.