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Chartered Accountant going Global

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This presentation deals with the opportunities that is present for a Chartered Accountant in order to take his practice global.

This presentation was made by Shinoj Isac and myself as a presentation during the GMCS 2 Course conducted at Mangalore Branch of SIRC of ICAI.

Published in: Career
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Chartered Accountant going Global

  1. 1. Career Opportunities for a CA Shinoj Isac and Bharath Rao
  2. 2. GLOBAL TIE UPS WITH ACCOUNTING FIRMS, AND OTHERS AND OPENING UP OFFICES ABROAD Setting up of our own offices abroad
  3. 3. Available Opportunities Local Practice Overseas Indian Practice Overseas
  4. 4. “Pursuing Global Career is a necessity and not an option”
  5. 5. Local Practice Overseas  Objective:  Set up Practice regarding compliance of the respective foreign country laws  Business Model:  Acquisition of Firms/Sole Proprietorship  Formation of LLP  Obtain Accounting and Auditing Professional qualification of the Foreign Country  An Indian CA may utilize the Memorandum of Understandings signed between ICAI and the Foreign Public Accounting Body  Pay attention to –  Local Tax Laws  Local Allied Laws  Social, Political and Economic Influence  He may/may not be able to also establish practice in India (depending on MOU)
  6. 6. Indian Practice Overseas  Objective:  Promote Make in India  Bring Foreign Business to India  Business Model:  Set up Management Consulting firms  Financial and Business Advisory and Assurance  Restructuring/Mergers and Acquisitions  Pay attention to:  Tax Withholding in India and in the Foreign Country  Transfer Pricing and Privacy Laws  Indian and Foreign Environmental Laws, Allied Laws, Corporate and Taxation Laws and other laws
  7. 7. Common Services that can be provided in both business areas  Big Data Analytics  Accounting Forensics and Investigation  Design and Implementation of any financial information system  Actuarial services  Investment advisory services  Investment banking services  Rendering of outsourced financial services  Attest Services – SA 402, SAE 3402, SAE 3400  Certification services – Tax and Corporate Matters  Management Consulting  Accounting and book keeping services  Internal Audit, Statutory Audit, Energy Audit, Efficiency Audit  Due Diligence
  8. 8. Why go LOCAL when you can go GLOBAL!!! - Alturo Braga, Fast and Furious 6
  9. 9. Thank You  Shinoj Isac Bharath Rao

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