ICoAS Current Affairs - 2019
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Principal Adviser (Cost) Mrs. Aruna Sethi has been appointed as head of Indian Cost Accounts Service (ICoAS). With this, she becomes first lady ICoAS officer to the topmost post.
Mrs. Aruna Sethi is a 1985 batch ICoAS officer. Earlier she had held important portfolios in the different Union Government ministries including Ministry of Corporate Affairs, Ministry of Consumer Affairs, Department of Expenditure, Ministry of Finance, Ministry of Commerce and Industry, Ministry of Defence etc.
About Indian Cost Accounts Service (ICoAS)
- ICoAS is one of the six Organized Accounting Services of the Union Government.
- It was constituted in 1978 and is comparatively young Accounting Service. It is a professional body staffed by qualified Cost/ Chartered Accountants.
- This Office is responsible for advising the Union Ministries and Government Undertakings on matters related to cost accounts and on their behalf undertakes cost investigation work.