Page 8 - Quick Insights Book 2022

Foreword 3
Message from Vice President 5

Preface 7
Introduction 11
Message from Vice President Message from Vice President

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

3. Insolvency Professional 23

4. Registered Valuer 27 Today, in the changing investment climate, India offers exciting business opportunities in virtually
every sector of the economy and the Institute is making all efforts to explore and exploit all
5. Goods and Service Tax 31 available and potential opportunities whereby newer avenues for professional development and

6. Information technology 36 growth may be assured for the Institute’s members.
7. Direct Taxation 54 A need existed for providing information in the form of ready reckoner to potential aspirants for
tapping such emerging opportunities. Fulfilling this void, Professional Development Committee of
8. International Taxation 62 ICAI has come up with the Publication on “Quick Insights on Professional Opportunities for ntents
9. Companies Act, 2013 74 Members”.

10. Arbitration 77 At the juncture, I would like to place on record my congratulations to CA. Ranjeet Kumar
Agarwal, Chairman, CA. Nihar Niranjan Jambusaria, Vice Chairman and other members of
11. Prevention of Money Laundering Act 80 Professional Development Committee of ICAI for their continuing pro-active initiatives to facilitate
the members.
12. Insurance Companies 83 Message Message
13. Local Bodies 86 I am sure that membership at large will benefit immensely from this publication.

14. Special Economic Zones (SEZ) 89
15. Non-Banking Financial Companies (NBFCs) 96 CA. Prafulla P. Chhajed
Vice-President, ICAI
16. Indian Accounting Standards (Ind AS) 100
February 1, 2019
17. Internal Audit 102 New Delhi

18. Audit Bureau of Circulations (ABC audit) 105
C
19. Securities and Exchange Board of India (SEBI) 107
20. World Bank and Royal Audit of Bhutan 114

Quick Insights on Professional Opportunities for Chartered Accountants vii