Inclusive accounting already in practice

The provision in the "companies audit order "MAOCARO" ,for instance in case of RIL the statutory financial auditor certifies that Cost accounts records are inspected and found to be duly made and maintained.This should prove how the government views the job of an accountant as inclusive though partially in favour of ICAI.The provision was intended to monitor compliance of maintenance of books when the companies where supposed and audit was not ordered.But i do not find the intention in the order to enable a statutory financial auditor to comment upon the books of the company when statutory cost audit is ordered and cost auditor is appointed.
If the GOI intention can be replicated in action then the companies act should be suitably amended to accomodate professional of ICWAI to conduct Statutory financial audit.

What is Inclusive Accounting.

Accounting has diversified its status conceptually and practically over the Last century.It all started with bookkeeping-Drawing profits periodically-Maintaining Cost records-Preparing management reports and financial statements-Designing and fixing internal controls to check data/document/process flow-To complying to Tax authorities-Complying to global standards of accounting-To designing and tracking system flow-To enabling audit of all these above and finally at a stage to converge.
Inclusive accounting is an information mechanism that is enabled by advent of computers and business globalisation,Whereby the data required for processing management reports and compliance reports are converged and processed into a well developed scheme to give value added information to the end user on demand.
Integration of required data for generating various reports is one of the prime requirement of Inclusive accounting.
An inclusive accountant is supposed to deliver what is required by the user at the right time and place.