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Invitation for Part-time Project Directors/Project Managers in various Projects of the Accounting Standards Board of the Institute of Chartered Accountants of India.
May, 31st 2013
                                    Invitation for Part-time
                              Project Directors/Project Managers
                                 Invitation for Part-time Project Directors/Project Managers
                                in various Projects of the Accounting Standards Board of the
                                          Institute of Chartered Accountants of India

                          The Accounting Standards Board of the              6. Formulation of Indian Accounting Standard
                      Institute of Chartered Accountants of India                 corresponding to IFRS 9, Financial
                      undertakes projects involving formulation of                Instruments.

                                                                                                                I N V I T A T I O N
                      specific Accounting Standards/Indian Accounting        7. Formulating an Accounting Standard for
                      Standards, Study of the impact of the Accounting            Mining Activities.
                      Standards/Indian Accounting Standards and              8. Study of the impact of Accounting Standard
                      allied subjects. A project involves study of the            22 on the financial statements of various
                      literature available nationally and internationally         companies.
                      on the subject, identification and understanding       9. Study of the impact of Accounting Standard
                      of the practices prevailing within the country,             19, Leases on the financial statements of
                      relevant legal requirements, consultation                   various companies.
                      with the concerned experts on the subject etc. The     10. Study of Accounting for Goodwill in
                      outcome of the project is ordinarily a draft of the         the consolidated and separate financial
                      relevant document covering various accounting               statements of companies in the context of
                      aspects on the subject for the consideration of the         existing Accounting Standards.
                      Accounting Standards Board. The work may also               The Accounting Standards Board invites
                      involve attending meetings of the relevant Study       applications from Chartered Accountants in
                      Group, if any, on the subject constituted by the       practice/industry having relevant experience
                      Accounting Standards Board and meetings of the         and expertise for atleast a period of five years in
                      Accounting Standards Board. The work will further      the relevant field for Project Director and three
                      involve preparation/revisions of the drafts prepared   years for Project Manager. The application
                      on the basis of the discussions at the meetings.       should indicate the following:
                          The Accounting Standards Board is looking          (i) The name of the project for which
                      for part-time Project Directors/Project Managers               application is being submitted
                      to perform various project-related activities          (ii) Name of the professional
                      as specified above. At present, the Accounting         (iii) Qualifications
                      Standards Board is having the following projects       (iv) Details of the experience in the relevant
                      for which the applications are invited from the                field
                      professionals having expertise in the relevant         (v) Time which the professional would
                      areas:                                                         devote in terms of number of hours during
                      1. Accounting       for     Service     Concession             a month to the project
                          Arrangements.                                      (vi) Expected remuneration for the project per
                      2. Revision of Accounting Standard (AS) 22,                    month
                          Accounting for Taxes on Income on the lines        (vii) Indicate whether willing to work in the
                          of the relevant Ind AS, within the framework               premises of the ICAI
                          of existing Accounting Standards.                  (viii) Address:
                      3. Accounting for provisions arising e-waste                   Email:
                          (Management and Handling) Rules 2011.                      Phone:
                      4. Revision of Accounting Standard (AS) 15,
                          Employee Benefits on the lines of the relevant         The application should be submitted to the
                          Ind AS, within the framework of existing           Secretary, Accounting Standards Board at asb@
                          Accounting Standards.                     or The Institute of Chartered Accountants
                      5. Revision of AS 14, Accounting for                   of India, ICAI Bhawan, Indraprastha Marg, Post
                          Amalgamations, on the lines of the relevant        Box No. 7100, New Delhi ­ 110 002 within
                          Ind AS, within the framework of existing           fifteen days of appearing of this Invitation.
                          Accounting Standards.
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