Page 11 - Quick Insights Book 2022

Foreword 3
Message from Vice President 5

Preface 7
Introduction 11

ntents
17 History of Accountancy 1.
21 Chartered Accountants in India–A glimpse 2.

17. Internal Audit ...................................................................................54 23 Insolvency Professional 3.

27 Registered Valuer 4.
18. Audit Bureau of Circulations (ABC Audit) ...................................................57
31 Goods and Service Tax 5.
19. Securities and Exchange Board of India (SEBI) ........................................59
36 Information technology 6.

20. Sustainability Reporting ...............................................................................63 54 Direct Taxation 7.
62 International Taxation 8.
21. Knowledge Processing Outsourcing Centers (KPOs) ................................65
74 Companies Act, 2013 9.
22. Micro Small and Medium Enterprises (MSME) Sector ................................68
77 Arbitration 10.

23. State Cooperatives (Including Co-operative Banks) ..................................70 80 Prevention of Money Laundering Act 11.
83 Insurance Companies 12.
24. Other Laws ...................................................................................72
Contents
Contents
86 Local Bodies 13.
25. Government Incentives .................................................................................80
89 Special Economic Zones (SEZ) 14.
26. Succession & Estate Planning .....................................................................82 96 Non-Banking Financial Companies (NBFCs) 15.

27. Startups ...................................................................................84 100 Indian Accounting Standards (Ind AS) 16.
102 Internal Audit 17.
28. Financial Arrangements & Fund Planning through various sources ...........87
105 107 Audit Bureau of Circulations (ABC audit) Securities and Exchange Board of India (SEBI) 18. 19.
C 30. Opportunities available at ICAI ...................................................................91 114 World Bank and Royal Audit of Bhutan 20.
29.
Non-Profit Organisation ...............................................................................89

31.
ICAI’s Support to Members .........................................................................96
Annexure 1 : Policy of Empanelment of CA Firms/LLPs
and Selection of Auditors ........................................101
Annexure 2 : 2.1: Guidelines for Appointment of Statutory
Central Auditors (SCAs)/Statutory Auditors
(SAs) of Commercial Banks (excluding
RRBs), UCBs and NBFCs (including
HFCs) ..........................................................105

2.2: Norms on Eligibility, Empanelment
and appointment of Statutory Branch
Auditors in Public Sector Banks from
the year 2020-21 and onwards ..................114

x Quick Insights on Professional Opportunities for Chartered Accountants