Post on 23-Feb-2018
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Professional
opportunities for
Chartered
AccountantsCA. Charanjot Singh Nanda, FCA
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Inspiring Thoughts
Your reach must always exceed your grasp. That is heaven
on earth.
Ultimately, your only competition is yourself.
Those who win are those who elieve they can
The world can e your oyster! it can sit straight in your
poc"et , if you arm yourself with the right #ualifications,
the right s"ills and the right attitude
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$are to dream%
$ream, $ream, $ream
$reams transform into thoughts
And thoughts result in action
& Dr. A P J Abdul Kalam
You cannot have your dreams come true if you do not dream To even egin to explore our potential ,we need to have the courage
to sacrifice what we are, at the altar of what we could ecome
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Aout CP'C
A non&standing committee of the council of ICAI entrusted
with the tas" of overseeing in regard to CP' activities of
the ICAI, its organs, and its memers and seeing strategic
directions.
The CP' Committee of ICAI has continually een ta"ing
every possile initiatives to assist the memers in
maintaining the standard of professional competence.
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Initiatives of CP'C
5
TeleconferencingProgrammes
CPE Calendar
In-houseExecutieProgrammes
CPE Portal
Seminar!Conferen
ces!"or#sho$s,Conentions %
$anel discussions
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(here can you wor")
*ig Chartered accounting firms
+maller accountancy practices
overnment organisations
*usiness and commercial enterprises
-ot&for&profit organisations -P/s0
*an"ing and 1inancial +ervices
2anagement consultancies
'ducational organisations
3aw firms
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Professional /pportunities for
CA4s in areas of5. Trade 6emedy 2easures Anti& $umping, Anti&susidy and safeguard
duties0
7. 'xport Import Trade8 Customs valuation
9. International Commercial Aritration
:. +pecial 'conomic ;ones8 5
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55. Cross order 2ergers and Ac#uisitions
57. Competition 3aw59. Dnowledge Process outsourcing DP/0 sector
5:. Corporate overnance
5?. *usiness Ealuation
5@. 3imited 3iaility Partnership
5. Internal Audit
5B. Prevention /f 2oney 3aundering5. 6ight to Information
7
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Personal attriutes
>igh academic achievements
+elf&motivation capacity
*eing Innovative
Pursues 'xcellence +trives to add value
Applies strategic thin"ing
$emonstrates initiative
Competent Adaptale
Accountale
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Tool"it of +"ills
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Professional s"ills
To be efficient in their profession, a chartered accountant must possess the
following skills:
ood communication
Inter& personal s"ills
Aility to e a good team player
Comfort with numers
Aility to manage others effectively
Analytical mind
$esire and willingness for continuous updating of "nowledge
*eing Techno& savvy
+pecialiFation in areas such as corporate laws, taxation etc.
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Professional s"illsG.
A chartered Accountant must have the abilit to :
*e 1orward loo"ing advisors and information providers
'valuate, interpret and communicate information
'xercise professional Hudgment in decision ma"ing and prolemsolving
2anage time efficiently
Thin" strategically
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Dey to effectiveness
!ommitment
If you thin" you can or thin" you cannot you are proaly right&>enry1ord
!reate Partnership
A single arrow is easily ro"en ut not ten in a undle Japanese prover "e responsible
I elieve that every right implies a responsiility! every opportunity , anoligation! every possession, a duty
Decide
A man with feet in two oats falls into the river&Chinese prover
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Dey to effectiveness
"e #onest
The truth is inconvertile !Panic may resent itK ignorance may deride it!
malice may distort it! ut there it is.&+ir (inston Churchill
$%press &upport
/ne who never as"s either "nows everything or nothing&2alcolm 1ores Take risks
3ife is either a daring adventure or nothing at all&>elen Deller
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'. Trade (emed )easures *Anti+ Dumping,
Anti+subsid and safeguard duties
Anti&dumping duties
Anti&susidy duties
+afeguard duties
(.T./ $ispute +ettlement proceedings(elated sites
2inistry of Commerce httpK88www.cec.gov.in8
$irectorate eneral of Anti&$umping
httpK88commerce.nic.in8adLguide.htm
$irector eneral of +afeguardshttpK88dgsafeguards.gov.in8default.asp
http://www.cbec.gov.in/http://commerce.nic.in/ad_guide.htmhttp://dgsafeguards.gov.in/default.asphttp://dgsafeguards.gov.in/default.asphttp://commerce.nic.in/ad_guide.htmhttp://www.cbec.gov.in/7/24/2019 CA.cjs Nanda Presentation
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(eference material
The agreement on Anti&dumping i.e. the Agreement on the Implementation of ArticleEI of ATT, 5?0
Anti& dumping guidelines issued y $irectorate eneral of Anti& dumping and allied
duties, 2inistry of Commerce
3egal framewor" and provisions on safeguard provisions issued y the $irectorate
eneral of +afeguards $ept. of 6evenue, 2inistry of 1inance, overnment of India0
+afeguard Provisions under the Customs Tariff Act, 5? +ection B*0
+afeguard $uty 6ules under the Customs Tariff Act, 5?
Transitional +afeguard Provisions under the Customs Tariff Act, 5? +ection BC0
Transitional +afeguard $uty 6ules under the Customs Tariff Act, 5?
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7. 'xport Import Trade8 Customs
valuation Advisory on 1oreign Trade Policy and Procedures Compliance with 1oreign Trade Procedures +etting up 5
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(eference )aterial
1oreign Trade Policy 7
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-.nternational !ommercial Arbitration
uidance in the process of underta"ing settlement of $isputes at various
international aritration agencies.
To act as an aritrator for international commercial disputes.
uidance To draft commercial trade agreements in consonance with the
principles of Alternative $ispute 6esolution
uidance to draft a proper aritration agreement considering the aritration
rules promulgated y various international institutions
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(eference )aterial
The Aritration and Conciliation Act ,5@
The 1oreign Award 6ecognition and 'nforcement 0 Act, 5@5
The Aritration Protocol and Convention 0Act ,%9
The Aritration Act ,5:
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/. &pecial $conomic 0ones1 '22 3 $%port 4riented 5nits
*$45 1 &oftware Technolog Parks* &TP 1 $lectronic
#ardware Technolog Parks *$#TP
Assistance in preparation of proHect report
Assistance in -ecessary applications, compliances etc. with the *oard of Approval,
+tate overnment, $evelopment Commissioner, Approval Committee, etc.
Consultancy services for developing +pecial 'conomic ;ones
Consultancy services for setting up units in +';s, 'xport /riented Units 6epresentation efore *oard of Approval on ehalf of any person aggrieved y the order
passed y the Approval Committee 6ule @5 of +'; 6ules,7
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Certificate for C+T reimursements certifying receipt of the goods
Certification of +tatement of 'xports made in the preceding licensing year in the
format given in Appendix 7@ for Annual Advance 3icense purposes
Certification of previous performance of unit in the 3oP 3etter of Permission0
Assessment form for applying for enhancement of limit, $TA sales permission,
diversification of products, renewal of 3etter of permission and exit from scheme
Certification of reports 1orm I Annual performance reports for Units0
(elated websites:
+pecial 'conomic ;ones in India& httpK88www.seFindia.nic.in
$epartment of *iotechnology $*T00under the 2inistry of +cience and
Technology& http:11dtindia.nic.in8
$%port Promotion !ouncil for $45s and &$0 httpK88www.eouindia.gov.in8
&oftware Technolog Park of ndia1 $lectronic #ardware Technolog Park+
httpK88www.stpi.in8
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(eference )aterial
The +pecial 'conomic ;ones Act, 7
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6. Trade (elated ntellectual Propert
rights * T(P&
6egistration services
Advisory on Taxation, ac#uisition of IP6 assets
Accounting
Aritrator
-egotiating 6oyalty , Agency, $istriution, 1ranchise , $rafting licenses
non&disclosure agreements and 3icensing agreements
Patent and trademar" litigation support
Intellectual Property 2anagement N Audit
Infringement Analysis /pinions and certifications
6epresentations efore statutory authorities wherever permissile and
possile.
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(elated sites
Aout Intellectual Property 6ights
httpK88www.ipindia.nic.in8ipr8patent8patLinaug.htm
Patents /ffice
httpK88www.patentoffice.nic.in8ipr8patent8patents.htm
Copy 6ight Authority under the 2inistry of >uman 6esource and
$evelopment& httpK88copyright.gov.in8
Trade 2ar" registry
httpK88www.patentoffice.nic.in8tmrLnew8default.htm
http://copyright.gov.in/http://www.patentoffice.nic.in/tmr_new/default.htmhttp://www.patentoffice.nic.in/tmr_new/default.htmhttp://copyright.gov.in/7/24/2019 CA.cjs Nanda Presentation
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(eference )aterial
Agreement on Trade&6elated Aspects of Intellectual Property 6ights
httpK88www.wto.org8english8tratopLe8tripsLe8tripsLe.htm
The Patents Act,5avens& httpK88en.wi"ipedia.org8wi"i8TaxLhaven
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;. nternational Ta%ation* including
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'2.nbound and 4utbound nvestments
and various (ules and (egulations under
=$)A, ';;; Consultancy on compliance with 1'2A rules and regulations
6epresentation of party& 1oreign 'xchange 2anagement AdHudication
Proceedings and Appeal0 6ules, 7
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Trade (elated nvestment )easures
* T()& Eetting 8 $rafting of 1$I agreements and field study wor"s.
Eetting of Counter uarantee Agreements signed y -ational N +tate ovts.
6epresentation efore statutory authorities on ehalf of either the domestic or
foreign parties wherever permissile.
Acting as Aritrators when dispute arises.
Ealuation of Tangile and Intagile assets for settlement of trade disputes or
initial 8 +use#uent investments
6epresentation efore (T/ $ispute +ettlement 1orum when disputes goes to their
Jurisdictions
Investigation +ervices when foreign parties re#uire ac"ground verification of the
$omestic parties and vice versa when Hoint ventures occurred. Advising Corporates aout loal 1$I policies adopted in different countries and
+election of suitale partners for Hoint ventures
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''. !ross "order )ergers And
Ac>uisitions
1inancial $ue $iligence
3egal $ue diligence
Ealuation of *usiness
Advisory on Cash repatriation
'#uity financing
*an"ing and 1inance 6egulatory Issues
IP6 Ealuation
Advisory on $et structuring
Advisory on Income flows and their taxaility
Analysis and advisory on 1inancing options
6egulatory approvals and representations efore concerned authorities
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!ross "order )ergers And Ac>uisitions?.
Advisory on 1IP* approval
Advisory on 6*I approval
$rafting of agreements which form a necessary part of 2NA exercise
Corporate re organiFations and restructurings $efining the scope of the transaction
Assistance with negotiations
Joint Eentures
Competitive issues
2easuring the effect of merger on prices
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(elated websites
2inistry of Corporate Affairs, overnment of India
& httpK88www.mca.gov.in
+ecurities and 'xchange *oard of India
& httpK88www.sei.gov.in8
6eserve *an" of India
& httpK88www.ri.org.in8
http://www.sebi.gov.in/http://www.sebi.gov.in/7/24/2019 CA.cjs Nanda Presentation
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(eference )aterial
1oreign 'xchange 2anagement Transfer or Issue of any 1oreign +ecurity0
6egulations, 7
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(eference )aterial?
2onopolies and 6estrictive Trade Practices Act, 5@ 8 Competition
Act, 7
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'@. !ompetition law
Advisory roles
$rafting and registration of the agreement
In#uiry or investigation
Appeals to the +upreme Court
Calculations for determining whether the definitions of group, interconnected
underta"ings, dominant underta"ing, etc. are attracted
To appear efore the Commission where during the course of any proceeding,
representatives are allowed to e present.
To ensure compliance with the competition laws in the general conduct of
usiness.
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(eference )aterial
The 2onopolies and 6estrictive Trade Practices Act, 5@
The Competition Act, 7
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(elated ebsites
The International Competition -etwor"
httpK88www.internationalcompetitionnetwor".org8
International *ar Association loal Competition 1orum&
httpK88www.gloalcompetitionforum.org
Competition Commission of India
httpK88www.competitioncommission.gov.in8
The /ffice of the $irector eneral of Investigation and 6egistration
httpK88www.mca.gov.in82inistry(esite8dca8mcaoffices8dgir.html
2onopolies and 6estrictive Trade Practices
httpK88www.mca.gov.in82inistry(esite8dca8mcaoffices8mrtpc.html
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'-. Knowledge Process outsourcing* KP4
1inance N Accounting
transactional processing
higher&end 1NA e.g. general accounting and reconciliation, udgeting,
closing, financial reporting, treasury and investment management etc.
1inancial Analytics&financial modeling, deal profiles, indexed graphs, model
verification, credit rating analysis, eta trac"ing etc..
Taxation&auditing N sustantive analysis of alance sheets, interpretation of
items on the P83 , computation of tax
Audit&financial audit operations for internal purposes or clients '#uity 6esearch Analysts for research on e#uity and fixed income mar"ets,
valuation of companies.
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Knowledge Process outsourcing* KP4?
Internal 2anagement +upport 6oles
'valuating potential mergers and ac#uisitions
Transfer pricing, taxation support
1orecasting and udgeting employee re#uirements,charge&out rates etc.0
Internal financial reporting
2I+ reporting
/perations +upport 6oles
Transition 2anagers for migration of processes from
onsite to ac"&office locations Ouality 2anagers for continual improvement of relevant
processes
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Knowledge Process outsourcing* KP4?
(elated ebsites
-ational Association of +oftware and +ervice Companies &
httpK88www.nasscom.in8$efault.aspx)
$epartment of Information Technology, 2inistry of Communications and
Information Technology & httpK88www.mit.gov.in8
DP/ Asia& www."poasia.com8
*P/ India& httpK88www.poindia.org
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'/. !orporate 8overnance
50 uidance in designing Code of Corporate overnance
70 uidance in designing 6is" 2anagement 1ramewor"
90 uidance in designing Internal control framewor"
:0 uidance in designing (histle lower policy?0 Internal Audit of all of aove
@0 +tatutory auditor4s Certificate regarding compliance of conditions of
corporate governance as stipulated in su&clause EII50 of clause :
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0 2anagement Audit pertaining to various regulatory, statutory or listing
re#uirements Item 5? of Annex. 5A of clause :0
B0 chairman of audit committee
0 Independent director clause : IA0iii0 meeting a&f criteriaQ5
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(elated ebsites
-ational 1oundation for Corporate overnance & httpK88www.nfcgindia.org8
'uropean Corporate overnance Institute & httpK88www.ecgi.org8
(orld Council for Corporate overnance &httpK88www.wcfcg.net
Independent $irector Initiative &httpK88www.independentdirector.co.u"8
+ecurities and 'xchange *oard of India&httpK88www.sei.gov.in8
*omay +toc" 'xchange 3imited& httpK88www.seindia.com8
International Trade Administration&httpK88www.ita.doc.gov8goodgovernance8
/rganisation for 'conomic Co&operation and $evelopment& httpK88www.oecd.org8
Corporate governance networ"& httpK88www.corpgov.net8
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5?. *usiness Ealuation
usiness valuation determines the price that a uyer wouldpay for a usiness under given circumstances
Issues to e considered &nature and history ofusiness,economic conditions,company4s earning Ndividendpaying capacity,goodwill , mar"et price of comparale
companies etc. Types
3imited +cope Ealuations
1ormal Ealuations
2ergers and Ac#uisitions
Comprehensive valuations
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*usiness Ealuation
Process
+election of appropriate performance measurement criteria.
Analyse the company information in conHunction with the industry andcomparale company data.
Tax concerns
+tructuring the +ale&+tructure to minimise tax liaility
+tructuring the company
+ale of assets or sale of stoc"
6eporting the sale
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5@. 3imited 3iaility Partnership
$etermining suitaility of usiness for formation of 33P
uidance in formation
Provide statement that all re#uirements of the 33P Act N related rules haveeen complied in respect of incorporation N other related matters..
$rafting of 33P agreement
Advice on conversion from other forms to 33P
2aintenance of accounts
Audit of 33P
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6elated (esites
R +'*I & httpK88www.sei.gov.in
R $epartment of Company AffairsK httpK88www.dca.nic.in
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5. Internal Audit
+pecific Internal audit activities Internal audit re#uirements under Companies Auditor4s 6eport0 /rder, 7
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Internal AuditG
*esides, a chartered accountant can also assist in improving the #uality and
effectiveness of internal audit process y
R Advising and assisting in the development of internal audit and ris"
management methodologies
R Assessing whether the internal audit function is delivering effectively to
sta"eholders
R +upporting internal audit functions with software to enhance and
support their wor"
R Training staff of internal audit department
R Providing training on internal controls
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'. Prevention of )one Baundering
As a consultant providing
his vast expertise in handling huge #uantitative data for verification of the
exact nature of transactions.
*uilding effective A23 programs for the financial organisations to
protect them from the potential threats.
As the trusted partner of the government,
ensuring implementation of the Act in letter and spirit.
DYC AU$IT
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5. DYC audit
Customers due diligence procedures to confirm identity of Client from the
records produced y him.
+ystems audit for chec"ing Identity from external dataase.
formulating and implementing the programme of DYC which is to e
forwarded to $irector in P23A 6ule su rule 0 of the P23
maintenance of records of the nature and value G rulesQ.
7. 6is" Advisory services 6A+0, identifying the ris" N its mitigating controls in
the systems for proper internal control environment.
9. 2anagement Advisory service 2A+0, creating proper administrative and
organisation structure to ensure the loop free information flows.
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(elated ebsites
www.fiuindia.gov.in
www.moneylaundering.com
www.sei.gov.in
www.ri.org.in www.irdaindia.org
www.finmin.nic.in
www.infrasoftech.com
www.mantas.com
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';. (ight To nformation
2aintenance of records +ec : 50a00
Preparation of details of
pulication+ec:50 00
Audit on compliance of legal issues
'stalishing internal controls
2onitoring and sending progress
reports at regular intervals
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7
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75. EAT
CA4s 6ole
'ducate, guidance to dealer on maintenance of oo"s, calculation of tax,
set&off N payment of tax.
Calculation of turnover of sales, purchases
6eversal of set off Eerification of returns y going through all the provisions of 2EAT
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77. ' filing
Information on changed re#uirements
Advice on form filling , downloading
uidance on otaining and use if digital certificate
/perating Certified 1iling Centres C1Cs0
79 i "
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79. 6is" management
Complexities of usiness , regulations and competition have made ris"
management an important management function. It is of prime importance that
the CA is ale to .
recogniFe future long and short term ris"s
decide which ris"s need to e covered
provide the necessary financial coverage at the right time for your
company
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7:. Treasury and cash
2anaging the capital structure of the company and its cash flow are "ey
elements in remaining profitale and managing li#uidity. It re#uires
Understanding the cash flow of the organisation
+uggest methods of improving the capital structure of the com
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7?. *an" Audit
Inventory audit
Concurrent audit
I+ Audit
+election of software
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@7. 4thers
6eal 'state
Insurance
$ue diligence 6eviews
3i#uidation
+/S compliance Peer 6eview
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>ow to outshine in the field)
Chartered accountancy is a profession thatrequires its members to continuously do better. Toachieve this, CAs need to learn more, do more andadapt to changes around them.
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>ow to outshine in the field)
Be domain experts to distinguish yourself in the eld
Be innovative
Enhance your soft !ills
Be Techno" savvy
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Dnowledge is Power
#$no%ledge creation has t%o dimensions, one is explicit
!no%ledge and the other one is implicit !no%ledge.
Explicit !no%ledge comes from published boo!s, %ritten
materials, proceedings, presentations etc
&mplicit !no%ledge is derived through systematic observation
and capture of data from tacit !no%ledge available among
individuals, through their approach to problem solving,
bottle"nec! removal, goal setting, interactions etc'
- &r. AP' A(dul )alam
"
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6ememer%
If opportunity doesn't knock, build adoor.
Opportunities are never lost; someonewill take the one you miss.
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T>A-D Y/U