Page 104 - Quick Insights Book 2022

Opportunities Available At ICAI 30

1. FINANCIAL REPORTING REVIEW BOARD

Empanelment as A Technical Reviewer At Financial
Reporting Review Board
To improve the financial reporting practices in the country, the
ICAI has constituted Financial Reporting Review Board (FRRB)
in July, 2022 The Board reviews the General Purpose Financial
statements of enterprises and auditor’s report thereon with a
view to determine compliance with the reporting requirements of
various applicable statutes, accounting standards and standards
on auditing.
The objectives of the FRRB are achieved through a systematic
process of review, which include preliminary review of general
purpose financial statements by Technical Reviewers.

Eligibility Criteria To Be Empanelled As Technical
Reviewers
For empanelling as a Technical Reviewer for Ind AS financial
statements, a member needs to satisfy the following conditions:-
a. Possessing minimum five years’ experience of audit
and who are either currently active in the practice
of accounting and auditing or are in Industry having
comparable experience in the fields of Accounting and
Auditing; and
b. Qualified the Certificate Course on Ind-AS; and

c. Having exposure in preparation and finalisation or audit
of Ind-AS based Financial Statements

By becoming a Technical Reviewer one gets the inherent
advantage of furthering one’s own technical knowledge in the
Opportunities field of Accounting and Auditing. A technical Reviewer is also
entitled to receive appropriate honorarium and CPE hours.

available at ICAI It may be noted that the Board empanels selected members
possessing outstanding expertise and having extensive
experience in the area of accounting and auditing. Accordingly,
meeting the eligibility criteria does not ensure empanelment
on the Board. The Board reserves the right to accept an
application, based on the merits of each case.

How To Register
The members may fill the online ‘Application Form for
Empanelment as a Technical Reviewer’ which is available on
the website of the Institute at

https://frrb.icai.org/empanelment/empanelment-form
Further, after filling the Form online, a duly signed hard copy
of the same may be send to the undersigned at the address
mentioned therein.

Quick Insights on Professional Opportunities for Chartered Accountants 91