Page 7 - Quick Insights Book 2022

Foreword 3
Message from Vice President 5

Preface 7
Introduction 11
Foreword

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

23 Insolvency Professional 3.
Indian accountancy profession has grown multi-fold creating landmarks. Domain of accountancy 27 Registered Valuer 4.
Foreword
Foreword
professionals has also broadened, spreading the identity of ICAI within and beyond our national
premises. ICAI is relentlessly engaged with the policies and initiatives of the Government with 31 Goods and Service Tax 5.
utmost diligence and have made effective contribution to them, which mainly included the 36 Information technology 6.
implementation of Goods and Services Tax (GST), Indian Accounting Standards (converged
with IFRSs), and Insolvency and Bankruptcy Code. Through its institutional endeavours and the 54 Direct Taxation 7.
contribution of its membership, ICAI has been actively carrying out its responsibilities in various 62 International Taxation 8.
sectors of economy.
74 Companies Act, 2013 9.
I am pleased to note that Professional Development Committee of the Institute of Chartered
Accountants of India (ICAI) has brought out the publication ‘Quick Insights on Professional 77 Arbitration 10.
Opportunities for Chartered Accountants” with an aim to provide information to members intending
to go for different professional forays. While there is information galore, a need was felt to have 80 Prevention of Money Laundering Act 11.
quality and precise information which is of relevance and utility and to that extent, this publication 83 Insurance Companies 12.
would serve as one point reference for referring important information.
86 Local Bodies 13.
At this juncture, I wish to place my appreciation for CA. Ranjeet Kumar Agarwal, Chairman;
CA. Nihar Niranjan Jambusaria, Vice-Chairman and other members of Professional Development 89 Special Economic Zones (SEZ) 14.
Committee for bringing out this publication for CAs in practice. 96 Non-Banking Financial Companies (NBFCs) 15.

100 Indian Accounting Standards (Ind AS) 16.

CA. Naveen N. D. Gupta 102 Internal Audit 17.
President, ICAI 105 Audit Bureau of Circulations (ABC audit) 18.
February 1, 2019 107 Securities and Exchange Board of India (SEBI) 19.
C 114 World Bank and Royal Audit of Bhutan 20.
New Delhi

vi Quick Insights on Professional Opportunities for Chartered Accountants