PROFESSIONAL OPPORTUNITIES FOR COST & MANAGEMENT ACCOUNTANTS (CMAs)

1. SCOPE FOR PRACTISING COST & MANAGEMENT ACCOUNTANTS:

• Maintenance of Cost Records and Cost Audit under The Companies (Cost Records and Audit) Rules, 2014 under section 148 of The Companies Act, 2013
• Internal Audit u/s 138 of The Companies Act, 2013 Certification of various forms in Director
• General of Foreign Trade under the Ministry of Commerce and Industry
• Empanelment as Auditors in Co-operative Society
• Stock, Concurrent and Due Diligence Audit of various Banks
• Special Audit under Customs Act, 1962
• Certification under EXIM Policy
• Certification of Consumption for import Application
• Tax Consultancy
• Insolvency Professional
• Registered Valuer
• Project Management Consultancy
• Surveyor and Loss Assessor under Insurance Act, 1938
• Recovery Consultant in Banking Sector
• Business Valuation
• Financial Services
• Advisor to an Issue
• Trustee, Executor, Administrator, Arbitrator, Receiver, Appraiser, Valuer, Adviser
• Taking up any assignment that may be bestowed upon by the Central or State Government, Court of Law, Labour Tribunals or any other statutory bodies, regulatory bodies etc.
• Internal Audit in State / Central Public Sector Undertakings
• Internal Audit for Stock Brokers / Trading Members / Clearing Members / Depository. [SEBI Circular No. MIRSD / DPSIII / Cir-26/08 dated August 22,2008]
• GST laws permit CMA to act as “Auditor” u/s 42(4) & 30(2), “Special Auditor” u/s 50(1), Inspector in Search & Seizure u/s 64(2), Assessment & Scrutiny of GST Return u/s 45, Authorised representative u/s 86(2)(c) etc.

Source: icmai.in