The Cost Accountants Act, 1959

The Cost Accountants Act, 1959 establishes the Institute of Cost Accountants of India, which is responsible for regulating the profession of cost accountancy in India. The Act lays down the standards for the education, examination, and certification of cost accountants and provides for disciplinary action against members who violate the code of conduct. The Institute is also responsible for promoting research in cost accountancy and for advising the government on matters relating to cost accountancy.