Shri Kunal Banerjee has been elected President of the Institute of Cost and Works Accountants of India for 2008-2009. He did his graduation from Presidency College Calcutta with Honours in Economics. He is a Practicing Cost Accountant and a Partner of Shome & Banerjee, Cost Accountants, Kolkata. Shri Banerjee was the Central Council Member of the Institute from 1995 to 2004 and held the post of Vice-President for the years 1998-99, 2001-02 and 2007-08.

Shri Banerjee was one of the members of the Core Committee which was formed to give opinions/suggestions in the amendment of Companies Bill 1997 and was instrumental to incorporate many constructive suggestions. His interactions with the authorities while the Bill was under preparation, gave important strength to the arguments placed on behalf of the profession for incorporation of the provisions relating to Cost Audit and other relevant matters that were positively oriented towards the future growth of the Profession. He is presently a member of the Expert Group constituted by the Ministry of Corporate Affairs to review the Cost Accounting Records, Cost Audit Report Rules and Cost Accounting Standards.

He has represented the Institute in the Executive Committee, Examination Committee, Membership Committee, Training & Educational Facilities Committee, Professional Development Committee, Professional Development Technical Committee, Research & Journal Committee, ICWAI-ICAI-ICSI Co-ordination Committee, and Cost Accounting Standards Board. He was also nominated as Member of the Accounting Standards Board of the Institute of Chartered Accountants of India. He was appointed Group Leader of the Task Force constituted for drafting the Accounting Standards on Agriculture by the Accounting Standards Board of ICAI. He was instrumental in computerizing different activities of the ICWAI including the Examination, Accounting and Membership departments of the Institute.

He has represented ICWAI in International Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA), and Confederation of Asian & Pacific Accountants (CAPA). He was the Co-Chairman of the Organising Committee of SAFA Conference held in Kolkata in 1997. He has been a speaker at different Seminars and Conferences organized by the ICWAI and was invited as a Speaker by the CII to place his views on Cost Audit and related issues.

His vision is to re-position the Institute in the global context by blending the Cost and Management Accountancy profession with information technology and make Institute a leader in the area of Management Accounting. He wishes to work towards the establishment of a conglomeration of Global Management Accountancy Bodies.

Shri A.S. Durga Prasad, CMA has been elected as Vice-President of the Institute of Cost and Works Accountants of India, 2008-09. A practicing Management Consultant for the past fifteen years, he has served as a Central Council Member of ICWAI and also as Chairman of Hyderabad Centre for Excellence. He was also Chairman of Southern India Regional Council of ICWAI. 

Currently he is Managing Director and Chief Executive Officer, Propart Solutions India Pvt.Ltd., Director of Swell Financial Services Pvt. Ltd a company engaged in Investment Banking for the past sixteen years and also director of Sreshtaya Softec India Pvt Ltd., a software development company. He brings with him 31 years of rich experience in the areas of financial advisory services, strategies and business development for small and medium industries and cost management systems and MIS systems for large number of units. He has been involved in all facets of corporate strategic management, including developing business models, financial structuring, Mergers and Acquisition, Valuation of Companies, Capital structuring and advising clients on the future plan related to fund raising.

Shri Durga Prasad has submitted papers on Working Capital Management, Cost Management, Supply Chain Management and has conducted more than 100 seminars and workshops in association with the Institute. At present he is the member of Dean Faculty Committee and also member of Board of Studies of Andhra Mahila Sabha College, Osmania University Campus. He has also been the Chairman of Department Industry Coordination, Department of Commerce, Osmania University and was instrumental in placements and in the design of the curriculum as a special invitee of Board of Studies.