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Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh
ICABICAB NEWS BULLETINSeptember 2015
Number 311
ISSN 1993-5366
CAB organized a workshop on
“Presentation of Concept Note- Financial
Reporting Framework for Public Sector
Entities” on 8 September 2015 at Pan Pacific
Sonargoan, Dhaka. The workshop was
financed by The World Bank under the Project
Strengthening Financial Reporting Framework
and Audit Practice which was signed on 28
April 2014 between ICAB and the World Bank.
The main components of the Project are:
updating and implementing a reportingframework for the PSE, strengthening
professional education standards and
enhance audit quality assurance and
monitoring system.
M A Mannan, MP, Hon’ble State Minister,
Ministries of Finance & Ministry of Planning,
GoB, graced the program as the Chief Guest
and inaugurated the workshop. President
ICAB – Masih Malik Chowdhury FCA delivered
the welcome speech.
Among the council members of ICAB A F
Nesaruddin FCA, Kamrul Abedin FCA,
Showkat Hossain FCA, ASM Nayeem FCA,
Abbas Uddin Khan FCA, Nasir Uddin Ahmed
FCA, Md Abdus Salam FCA, Dewan Nurul
Islam FCA, Md. Syful Islam FCA, Gopal
Chandra Ghosh FCA and AKM Rahmat Ullah
FCA, Secretary, ICAB were present.
Ms. Suraiya Zannath Khan, FCA, SeniorFinancial Management Specialist, the World
Bank, Mohammad Atikuzzaman FCA,
Financial Management Specialist and Task
Team Leader of this project also made the
program lively and vibrant by giving their
informative and perspicuous speech.
ICAB Project Adviser Burhanuddin Ahmed
FCA presented the concept paper on
strengthening financial reporting framework
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ICAB organized Workshop onFinancial Reporting Framework for
Public Sector Entities
ICAB organized
Workshop... Entities
ICAB organized
Orientation... Firms
2nd Workshop on QAD
for CA Students
Training on IFRS & IAS
for... BB Officials
President’s Communi-
cation September 2015
Representatives from
Japan... visit ICAB
Discussion and Way
Forward...FRA 2015
Workshop on Commu-nication... Members
Workshop on Import-
Export... International Trade
ICAB attends Bangla-
desh... Conference 2015
5-Member Election
Commission... Council
CRC-ICAB organized
CPD Seminar... VAT'
Exlcusive Interview of
Shahadat Hossain... FRA
ICAB attends Jury BoardMeeting.... Awards
Two Companies pan el-
ized... MABS & J Partners
Campus News
Congratulations
Tofazzul Hussain in
CMCI Conference
We Mourn
A Coordination Meeting
between... Group
ICAB delegates partici-
pate in... London
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September 2015No. 311
he Project Management Unit (PMU)
of the Local Governance Support
Project – II (LGSP-II) entrusted
ICAB to organize an Orientation &
Training Program on “Financial Audit,
Performance Assessment, Fiduciary &
Safeguards Compliance” for the Audit
Firms and Audit Reviewer Firms prior to
commencement of the field audit by the
Audit Firms for the year 2014-2015.
Accordingly, ICAB assured the
inauguration of training was held at
ICAB auditorium. The orientation &
training from the 13 September to 18
September 2015 in its New Academic
Campus.
The objective of the training program is
to ensure effectiveness, efficiency and
quality of the audit & assurance services
of all the 4550 Union Parishads (UPs)for the FY 2014-2015 commenced from1
October, 2015.
ICAB Vice President AF Nesaruddin
FCA inaugurated the 1st session of the
training at the ICAB Auditorium 13
September 2015 where ICAB President
Masih Malik Chowdhury FCA was the
Chief Guest.The technical sessions was
held everyday in the ICAB AcademicCampus between 13 and 18 September
which formally ended on 18 September
2015. A total number of 1236 LGSP field
auditors participated in the training &
orientation program.
The resource persons for the training
were from PMU Office of the LGSP-II,
Reviewer Firms and ICAB.
ICAB organized Orientation and Training for AuditFirms and Reviewer Firms
T
for public sector entities. The Concept
Note is the research work of Project
Team to identify the present status of
the Financial Reporting Framework of
PSEs and the findings with appropriate
recommendation to improve the
present status. Before preparing the
Concept Note the Project Team
communicated with Ministry of
Finance, Monitoring Cell of MOF, SOE
wing of MOF and different PSEs and
collected relevant information.
Together with Finance Ministry, ICAB is
working to strengthen Financial
Reporting Framework for Public Sector
Entities under this project of the World
Bank.
State Minister M A Mannan said, ICAB
is relentlessly working towards bringing
financial discipline in the country. In this
regard it has succeeded in some areas;
however it requires to improve in many
areas specially in financial reporting in
both public & private sector. He said the
World Bank has come forward to
strengthen the financial reporting in
public sector entities in Bangladesh
which is very appreciable. He also
thanked the finance ministry for joining
hands in the tripartite efforts.
ICAB President said we believe that if
ICAB and the Regulatory Bodies
responsible for auditing in public
entities, work together, the financial
regime of the
country will be
stronger. This
would also
ensure best use
of public
revenue. He also
said although
ICAB is now
working in
financial reporting in private sectors, it
is willing to work in public sector too.
For this government has to create an
environment so that ICAB and other
auditing authorities in public sector
entities could work together.
Bangladesh has advanced in manyaspects, it would not remain behind in
this area, he hoped. The World Bank
Senior Financial Management
Specialist Suraia Zannath FCA also
spoke on the occasion.
A partial view of the audience
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September 2015No. 311
CAB Center for Professional
Excellence (ICPE) organized a
day-long workshop on "How to
Maintain Quality in Audit and Assurance
Services" for CA Students for the second
time on 8 September 2015 at its
Auditorium. Earlier the 1st workshop
was held in August of this year.
A total number of 50 students
participated in the workshop. ICAB Vice
President AF Nesaruddin FCA
inaugurated the workshop and President
Masih Malik Chowdhury FCA awarded
certificate to the participants.
In the workshop the discussion topics
were current status of quality assurance
and its requirements as per BSQC 1,
brief on different stages of audit and
contents of audit working files re-audit
practice manual: Audit planning and
control evaluation, audit completion and
audit compliance review (ACR).
Resource Persons of the workshop were
Md. Kamruzzaman ACA , Sk. Md.
Tarikul Islam ACA, Farhana Sultana
ACA and Muhammad Aminul Hoque
FCA.
I
2nd Workshop on QAD for CA Students
3rd phase of the training program on
IFRS & IAS for Bangladesh Bankofficials which started on 2 August and
ended on 14 September 2015 in a gala
ceremony at hotel Pan Pacific
Sonargaon. Nazneen Sultana, Deputy
Governor, Bangladesh Bank graced the
closing ceremony as the Chief Guest.
In her speech, she said Bangladesh
Bank has taken various initiatives to
forge the officials with knowledge and
skills particularly in accounting &
auditing standards with a view to make
the central bank of international
standards. With this purpose,
Bangladesh Officials are taking part in
the training of ICAB, she added.
Bangladesh Bank is working to improve
human resources, she further said and
urged the BB Officials to use the
knowledge acquired from the training in
day to day work of the central bank.
ICAB President Masih Malik Chowdhury
FCA said the training was organized
mainly to distribute International
Financial Reporting Standards (IFRS)
and its intricacies & relevance. He also
said that ICAB will continue the training
in future for the central bank officials. He
later noted down the opinions from the
participants about the training.
ICAB Vice President AF Nesaruddin
FCA and Council Member & Past
President Md. Syful Islam FCA also
spoke on the occasion. Bangladesh
Bank Deputy Governor Nazneen
Sultana handed over the certificates to
the participants.
Training on IFRS & IAS for Bangladesh BankOfficials
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September 2015No. 311
Dear Fellow Members,
Assalamu Alaikum and Greetings to you
all.
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This month we observed the festivity of Eid
ul Azha with due solemnity and religious
colors. May Allah (SWT) accept our
devotion & sacrifice with satisfaction. I
hope my dear fraternity and the fellow
members had a very pleasant Eid with
their families amidst near and dear ones.
Due to Eid holidays in this month, we had
tried our best to make lesser number of
equally working days more eventful as
before.
Dear members my journey as the President
of the Institute of Chartered Accountants of
Bangladesh 2015 has begun with a spade
work with a view to get the Strategic Plan
2015 for the year 2015 ahead as best as
possible. Our efforts dedicated in the last 9
months have now started reaping results.
Students are knowingly complacent with
their new campus amidst its modern
facilities & library at CA Bhaban. The day
to day operational works is smoothly going
in ICAB. Every month in one ManCom
meeting and two Member Secretaries’
meetings amidst presence of Vice
Presidents, all concerned managers are
showing their proactiveness. We discuss
the activities, development &
implementation of our Strategic Plan 2015
& the way forward in those meetings.
Dear members, you would now observe
that all the sections of employees of the
Institute have attained remarkable
President’sCommunication September 2015
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September 2015No. 311
improvements in their respective working
areas. I put on record their active parts
with high acclamation. However, consistent
ongoing of activities with good governance
is a sine qua non, which is still a far cry.
With a somber note we also mention here
that only our efforts towards FRA came up
with an outcome not really expected by us.
However, our efforts & endeavors had
made the authority understood in
incorporating some important amendments
& clauses in FRA which would put the
Institute in a better place in the long run.
Rather optimistically however, we shall
have to be prepared to reap the benefit
from it. We shall have to be vigilant against
any odds that would likely occur from The
FRA. We have to stand united to ensure
that the professionalism comes first to
ensure transparency and accountability &
good governance in the financial sector.
Now let me try to elaborate the activities of
the month of September 2015 for your
glance. Judgment & comments from you
would be highly appreciated.
Workshop on Financial Reporting
Framework for Public Sector Entities
A workshop on “Presentation of Concept
Note- Financial Reporting Framework for
Public Sector Entities” was held on 8
September 2015 at Pan Pacific Sonargoan,
Dhaka under the project; “Strengthening
Financial Reporting Framework and Audit
Practice” of the World Bank. The main
components of the project are; updating
and implementing a reporting framework for
the PSE, strengthen professional education
standards and enhance audit quality
assurance and monitoring system.Together with Finance Ministry, ICAB is
working under this project to strengthen
Financial Reporting Framework for Public
Sector Entities.
Mr. M A Mannan, MP, Hon’ble State
Minister, Ministries of Finance & Planning,
GoB, graced the event as the Chief Guest
and inaugurated the workshop.
Among the council members Mr. A F
Nesaruddin FCA, Mr. Kamrul Abedin FCA
VPs, Mr. Showkat Hossain FCA, Mr. Abu
Sayed Mohammed Nayeem FCA, Mr.
Abbas Uddin Khan FCA, Mr. Nasir Uddin
Ahmed FCA, Mr. Md Abdus Salam FCA,
Mr. Dewan Nurul Islam FCA, Mr. Md. Syful
Islam FCA, Mr. Gopal Chandra Ghosh FCA
and Secretary Mr. AKM Rahmat Ullah FCA
were present in it. Also present were World
Bank Senior Financial Management
Specialist, Ms. Suraiya Zannath Khan FCA,
Financial Management Specialist and Task
Team leader of the project Mr. Mohammad
Atikuzzaman FCA. Their kind presence
has made the program more lively. I owe to
them my deep gratitude for extending their
help with their knowledge & wisdom, as
always.
Project Adviser Burhanuddin Ahmed FCA
with his in-depth knowledge presented the
concept paper on strengthening financial
reporting framework for public sector
entities. This has made a baseline for
discussion. Thanks Mr. Burhanuddin.
Orientation and training for Audit Firms
and Audit Reviewer Firms under LGSP-II
The Project Management Unit (PMU) of the
Local Governance Support Project – II
(LGSP-II) entrusted ICAB to organize an
Orientation & Training Program
on“Financial Audit, Performance
Assessment, Fiduciary & Safeguards
Compliance” for the Audit Firms and Audit
Reviewer Firms, prior to commencement of
the field audit by the concerned Audit Firms
for the year 2014-2015. Accordingly ICAB
had arranged the orientation & training from
the 13 September to 18 September 2015 at
its New Academic Campus building. Theopening session was held in ICAB
auditorium, however. The objective of the
training program is to ensure effectiveness,
efficiency and quality of the audit &
assurance services for all the 4550 Union
Parishads (UPs) for the FY 2014-2015
commenced from 1 October 2015.
Vice President Mr. AF Nesaruddin FCA
inaugurated the 1st session of the training
on 13 September 2015 where I was present
as the Chief Guest. My special gratitude &
thanks are due for the resource persons of
training who were from PMU Office of the
LGSP-II, Reviewer Firms and ICAB. At the
end of the training, few certificates among
the participants were distributed.
Workshop on Communication Skills and
Integrity Practices for Members
A day long workshop on "Communication
Skills and Integrity Practices "organized by
ICAB Center for Professional Excellence(
ICPE) was conducted by Bangladesh
Public Administration Training Center
(BPATC) on 12 September 2015 at BPATC
premises in Savar. Mr. AKM Abdul Awal
Mazumder, Rector, BPATC inaugurated the
workshop. He conducted two sessions on
Communication Skills and Public Speaking
and Mr. Sish Haider conducted the session
on Integrity. In my address at the
conclusion I assured ICAB’s cooperation
for holding such a training for BPATC staffs
in future. In reply, Rector, BPATC echoed
his interest for such arrangements. During
this time I was accompanied by Vice
President (E & T) Mr. AF Nesaruddin FCA.
Training on IFRSs & IASs for
Bangladesh Bank officials
3rd consecutive year of the training
program on IFRSs & IAS for Bangladesh
Bank officials started on 2 August. It had
ended on 14 September 2015 in a gala
ceremony at hotel Pan Pacific Sonargaon.
Ms. Nazneen Sultana, Deputy Governor,
Bangladesh Bank graced the closing
ceremony as the Chief Guest.
In her speech she said Bangladesh Bank is
working professionally to improve human
resources through participating in such
training. She also urged the BB Officials to
use the knowledge acquired from the
training in the day to day work of the central
bank. During my turn of speech I have
mentioned that ICAB organised the training
mainly to disseminate the International
Financial Reporting Standards (IFRS), its
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intricacies & relevances. ICAB will
continue to conduct such trainings in
future for the central bank officials, I
reiterated. Vice President Mr. AF
Nesaruddin FCA and Council Member &
Past President Mr. Md. Syful Islam FCA
also spoke in the program. Few other
Council Members were also present.
Workshop on Import-Export
Procedures and International Trade
Day long workshop on Import-Export
Procedures, Financing Opportunities and
International Trade for members of the
Institute was organized on 19 September
2015 at ICPE auspices where Mr. Md.
Azhar Ali Miah from the Institute of
Bankers, Bangladesh was the resource
person. Vice President (E&T) AF
Nesaruddin FCA inaugurated the
workshop and at the end the certificates to
the participants were awarded through
me.
Our members had the opportunity to gain
practical knowledge of the International
Sales/ Purchase Contract, Imports &
Exports under Collection
Procedure/Contract Procedure,
Documentary Draft Transaction, Banking
Relationship, Role of Banks in Imports &
Exports Business, Parties involved in
Documentary Credit (LC) Operation,
Types of LC, etc through this workshop.
Meeting with delegates from CPA
Ireland
On a 5 days visit in UK, I along with my
team mates Council Member & Past
President Mr. Md. Syful Islam FCA and UK
Chapter Chairman Mr. AKM Fazlur
Rahman FCA held a meeting with
delegates from CPA Ireland on 26
September 2015 to discuss about Cash
Basis IPSAS and IFRS in the hotel.
In the meeting, Director (Member
Services), CPA Ireland Mr. Fitz Gerald
assured that CPA Ireland assured us that
they would continue its cooperation in
education, certification and training on
implementation of both cash and accrual
basis IPSAS for ICAB Members. Other
stakeholders of ICAB in Bangladesh
would also be benefited. Technical
Director of Nelson Croom Ltd Mr. Nelson
Croom was also present in the meeting.
Both ICAB and CPA Ireland expressed
solidarity to work together for mutual
collaboration and professional
development in coming days.
Meeting with UK Chapter Management
Committee
We had a meeting with UK Chapter
Chairman Mr. AKM Fazlur Rahman FCA
and other members of the Chapter in UK
on 27 September 2015. We shared our
views on professional issues and the key
developments of ICAB, matters regarding
FRA and FRC in Bangladesh. They
submitted a representation.
IASB World Standard Setters Program
& Brief Meetings
IASB World Standard Setters Meeting on
Financial Reporting Standards held at
Grange City Hotel London on 28-29
September 2015. It was a convergence of
persons in positions alike IASB Chairman
and Board Members, Executive Technical
Director and other Technical Executives of
IASB, Executive Director of IFRS
Foundation and President, Council
Members & Technical Staffs from more
than 60 Countries. This was full of
technical sessions on latest development
of IFRS and relevant issues.
Apart from participating in the technical
sessions, we held exclusive but brief
meetings with the Executive Director of
IFRS Foundation, Research Director of
UK, FRC Andrew Lennard and President
of German Accounting Standards Setting
Board Prof. Dr. Andreas Barckow. ICAB
Member Council and Past President Mr.
Syful Islam FCA & Director Technical Mr.
Mahbub Ahmed Siddique FCA
accompanied me in the meeting.
Courtesy Call on ICAEW Deputy
President
On a courtesy call from ICAEW Deputy
President Dr. Hilary Lindsay on 30
September 2015 at Chartered
Accountants' Hall, Moorgate Place,
London, we discussed the current status
of accountancy profession in Bangladesh.
We enlightened about ICAB’s major
initiatives towards professional
development to her. She is the 2016
ICAEW President. During the meeting
ICAEW Head of New Business
Development, Mr. Justin West and
International Affairs Manager Ms.
Christina Pavlis were present. On our side
ICAB Council Member & Past President
Md Syful Islam, Chairman ICAB UK
Chapter Management Committee Mr.
AKM Fazlur Rahman, Dr. Jamshed
Sanyiath Ahmed Chowdhury and Mr.
Mahbub Ahmed Siddique, Director
Technical-ICAB were present.
Meeting with ICAEW Top Officials
On the same day at same venue I along
with the same ICAB delegates had
another meeting where ICAEW Executive
Director Vernon Soare, Head of New
Business Development Justin West,
International Affairs Manager Christina
Pavlis were present. We discussed with
them in details about the current status of
ICAB and the professional matters like
signing of revised MoU between
ICAB-ICAEW, online education and library
facilities for ICAB students and members,
arrangement of training for ICAB members
who are candidates for ICAEW exam,
online IFRS and clarified ISA certification
program, etc.
A coordination meeting between
Bangladesh Bank high officials and
ICAB working group
A coordination meeting between
Bangladesh Bank high officials and ICAB
working group held on 20 September with
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September 2015No. 311
Abu Hena Mohd. Razee Hassan, Deputy
Governor, Bangladesh Bank and Senior
Officials to discuss the expectation gaps
and way forwards.
We briefed on ICAB’s role to promote
transparency and governance in
Accountancy and Audit services in the
meeting. Such meeting will be continued in
future for the benefit of the two
organizations.
Other members of ICAB working group
were Vice Presidents A F Nesaruddin
FCA, Kamrul Abedin FCA, Council
Member & Past President Md. Syful Islam
FCA, Fellow Members Md. Raghib Ahsan
FCA, Md. Jahidur Rahman FCA,
Muhammad Aminul Hoque FCA,
Mohammed Hamidul Islam FCA, Muraheb
Malik Chowdhury FCA, Ashraf-Uz-Zaman
Ali ACA.
Discussion and Way Forward Meeting
on Financial Reporting Act 2015
Members’ conference & discussion meeting
on Financial Reporting Act 2015 and the
Way Forward was held at ICAB auditorium
on 20 September 2015 where we
discussed the brief outline of the initiatives
taken by the Institute regarding Financial
Reporting Act (FRA), background of
emergence of the FRA since 2013 through
World Bank’s ROSC Reports and its
implication.
2nd Workshop on QAD for CA Students
Earlier, we held first ever QAD workshop
for CA students in August of this year. In
continuation of that, ICAB Center for
Professional Excellence (ICPE) organized
the second workshop on "How to Maintain
Quality in Audit and Assurance Services"
for CA Students on 8 September 2015 at
ICAB auditorium. Inaugurated by Vice
President Mr. AF Nesaruddin FCA, the
certificates to the participants were
distributed by me at the conclusion.
Resource persons of the workshop were
very young & bright members Mr. Md.
Kamruzzaman ACA , Mr. Sk. Md. Tarikul
Islam ACA, Ms. Farhana Sultana ACA and
Mr. Muhammad Aminul Hoque FCA(ok).
Thanks for the excellent presentation in the
classes to the Resource Persons!
Bangladesh Capital Market Conference
2015
Mr. Mahbub Ahmed Siddique FCA, Director
(Technical), represented ICAB in the
Bangladesh Capital Market Conference
2015. Dhaka Stock Exchange Ltd.
organized the "Bangladesh Capital Market
Conference, 2015" at the Nabab Nawab Ali
Chowdhury Senate Bhaban, University of
Dhaka on 21 September 2015.
Representatives from Japan Daiwa
Institute visit ICAB
On 9 September 2015, delegates from the
Daiwa Institute of Research Ltd, Japan
visited ICAB and had a meeting with myself
along with Vice Presidents Mr. AF
Nesaruddin & Mr. Kamrul Abedin FCA.
ICAB Secretary Mr. AKM Rahmat Ullah
FCA and Director Technical Mr. Mahbub
Ahmed Siddique FCA were also present.
The Japanese delegates informed us about
Japan Bank for International
Cooperation(JBIC)’s study on Bangladesh
Banking Sector. It covered from historical
evolution and future prospects in
regulatory, legal, accounting standards and
banking services including Sharia Banking
in Bangladesh.
We Mourn
We express our deep sorrow and heartfelt
prayers at the sad demise of our elderly
member Mr. Joachim Andrew Gomes FCA
(Enrolment No. 04) on 9 September 2015.
May Allah give the bereaved family strength
and courage to bear the irreparable loss
and bless the departed soul with eternal
peace.
Meetings of Council and Standing &
Non-standing Committees
The following meetings of the Council,
Standing and Non-standing Committees
and Sub-committees of ICAB were held
during the month of September 2015:
Standing Committees:
- 5th Meeting of the Examination
Committee was held on 01
September 2015 at 5:00 pm.
- 19th Urgent Council Meeting was
held on 03 September 2015 at 5.00
pm.
- 20th Council Meeting was held on 15
September 2015 at 5.30 pm.
- 8th Executive Committee Meeting
was held on 21 September 2015 at
5:00 pm.
Non-standing Committees:
- 4th Meeting of the Real EstateCommittee (REC) was held on 17
September 2015 at 5:30 pm
- 4th Meeting of the Information &
Communication Technology
Committee (ICTC) was held on 17
September 2015 at 5:00 pm.
Standing and Non-standing
Sub-committees:
- 8-Members Sub-committee of the
Council was held on 01 September
2015 at 5:30 pm.
- 4-Members Sub-committee of the
Examination was held on 07
September 2015 at 4:00 pm.
- 8-Members Sub-committee of the
Council was held on 07 September
2015 at 5:00 pm.
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With Gratitude & best regards!
Masih Malik Chowdhury FCA
President
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elegates Keisuke Goto, Assistant
Manager and Dr. Hiroki Yoda,
Director from the Daiwa Institute of
Research Ltd, Japan visited ICAB on 9
September 2015. They held a meeting
with ICAB President Masih Malik
Chowdhury FCA at ICAB Mini
Conference room. The Japanese
delegates informed the President about
study of Japan Bank for International
Cooperation(JBIC) on Bangladeshi
banking sector from historical evolution
and future prospects in regulatory, legal,
accounting standards and Banking
services including Sharia Banking.
During the meeting , they discussed the
agenda items like characteristics, recent
issues and future prospects of banking
sector in Bangladesh,
current status and
assessment towards
ongoing banking
industry reform,
effective monitoring
system on banking
sector work to prevent
financial crisis,
legislative support by
the financial
authority/government
upon bankruptcy, legal scheme and
experiences of utilizing foreign private
loan, Islamic Banking, other unique /new
types of banking service, etc.
Other present were Vice Presidents
Kamrul Abedin FCA, AF Nesaruddin
FCA. Secretary AKM Rahmat Ullah
FCA, and Director Technical Mahbub
Ahmed Siddique FCA were also present
in the meeting.
D
Representatives from Japan Daiwa Institute ofResearch visit ICAB
ICAB organized a members’ conference & discussion
meeting on Financial Reporting Act 2015 and the Way
Forward at its auditorium on 20 September 2015. ICAB
President Masih Malik Chowdhury FCA presented the brief
outline of the initiatives taken by the Institute regardingFinancial Reporting Act (FRA). The Jatiya Sangsad has
passed the FRA Act on 7 September 2015. The President
also drew a background of emergence of the FRA since
2003 through World Bank’s ROSC Reports. Vice
Presidents AF Nesaruddin FCA and Kamrul Abedin FCA,
Past President & Council Members Abbas Uddin Khan
FCA, Md. Syful Islam FCA, Akhtar Sohel Kasem FCA, Nasir
Discussion and Way Forward Meeting on FinancialReporting Act 2015
Uddin FCA, Council Members Shahadat Hossain FCA and
Dewan Nurul Islam FCA were present in the meeting. The
participants also came up with their thoughts & advices regarding
the FRA and its implication.
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September 2015No. 311
Mahbub Ahmed Siddique FCA,
Director (Technical), ICAB as
representative of the Institute
attended the Bangladesh Capital
Market Conference 2015.
Dhaka Stock Exchange Ltd., the
premier bourse of the country
organized the Conference- 2015 at
the Nabab Nawab Ali Chowdhury
Senate Bhaban, University of Dhaka
on 21 September.
The conference explored various
public avenues for capital raising at
an efficient pricing mechanism and to
take advantages of natural branding
of company apart from many fiscal
and other incentives offered by the
government.
day long workshop on
"Communication Skills and
Integrity Practices "organized by
ICAB Center for Professional
Excellence( ICPE) was conducted by
Bangladesh Public Administration
Training Center (BPATC) on 12
September 2015 at BPATC premises in
Savar. A.K.M. Abdul Awal Mazumder,
Rector, BPATC inaugurated the
workshop. He also conducted two
sessions on Communication skills and
Public Speaking and Sish Haider
conducted the session on Integrity.
ICAB President Masih Malik Chowdhury
FCA and Vice President AF Nesaruddin
FCA were present at the closing session
of the workshop. A total number of 100
qualified Chartered Accountants
participated in the workshop.
A
Workshop on Communication Skills and IntegrityPractices for Members
ICAB Centre for Professional Excellence
(ICPE) organized a day long workshop
on Import-Export Procedures,
Financing Opportunities and
International Trade for the members of
the Institute on 19 September 2015 at
ICAB Training Room.
Md. Azhar Ali Miah Diplomaed Associate
of the Institute of Bankers, Bangladesh
(DAIBB) was the resource person in the
workshop. A total number of 40
members took part in the workshop.
Vice President (E&T) AF Nesaruddin
FCA inaugurated the workshop. ICAB
President Masih Malik
Chowdhury FCA
awarded the certificates
to the participants.
The members learnt
about International
Sales/ Purchase
Contract, Imports &
Exports under Collection
Procedure/Contract Procedure,
Documentary Draft Transaction,
Banking Relationship ,Role of Banks in
Imports & Exports Business, Parties
involved in Documentary Credit (LC)
Operation, Types of LC ,Advising of
Credits and Functions of Nominated
Bank, Documentary Credit Transaction
and other related matters, etc in the
workshop.
Workshop on Import-Export Procedures andInternational Trade
ICAB attends Bangladesh Capital Market Conference 2015
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The Council of ICAB in its meeting held on 14
July 2015, constituted the 5-member Election
Commission headed by Chief Election Com-
missioner Anil Chandra Nath FCA under
Bye-Law 13 of the Bangladesh CA Bye-Laws,2004, for holding election of the Council and
the election of the Regional Committee(s) of
the Institute simultaneously for 3 years
(2016-’18). The other Election Commissioners
are Abul Kashem FCA, M. Idris Ali FCA,
Qudrat-e-Khuda FCA and Mohammad
Solaiman FCA. The election is scheduled tobe held on 28 November 2015 at the ICAB
Premises.
5-Member Election Commissionformed by ICAB Council
Final List of Contesting Candidates for Council
from Dhaka Regional Constituency
Sl. Voter Enrl.Name
No. Nos. No.
01 03 527 Abedin, Kamrul FCA
02 85 535 Ahmed, Nasir Uddin FCA
03 293 446 Bhuiyan, Shah Md Zakaria FCA
04 323 363 Choudhury, Dr. Jamshed Sanyiath
Ahmed FCA
05 329 274 Choudhury, Muallem Ahmed FCA
06 337 343 Chowdhury, Anwaruddin FCA
07 347 337 Chowdhury, Masih Malik FCA
08 366 766 Chowdhury, N I FCA
09 412 521 Farooq, Muhammad FCA
10 423 716 Ghosh, Gopal Chandra FCA
11 501 185 Hoque, Md Mozammal FCA
12 509 833 Hosain, Md Mahamud FCA
13 529 767 Hossain, Md Akbar FCA
14 564 672 Hossain, Md Shahadat FCA
15 624 452 Hussain, Muhammed Farhad FCA
16 643 533 Islam, Dewan Nazrul FCA
17 644 606 Islam, Dewan Nurul FCA18 657 890 Islam, Md Fokrul FCA
19 676 615 Islam, Md Syful FCA
20 724 644 Islam, Towfiqul FCA
21 748 462 Kabir, Md Humayun FCA
22 753 626 Kaiser, Md Abu FCA
23 761 829 Kamal, Mostafa FCA
24 784 328 Kasem, Akhtar Sohel FCA
25 798 439 Khan, Abbas Uddin FCA
26 800 652 Khan, Adeeb Hossain FCA
27 811 401 Khan, Dr. Md Abu Sayed FCA
28 857 820 Khusru, Mahmudul Hasan FCA
29 886 632 Mahmud, Parveen FCA
30 940 656 Mobin, Noor-E-Khoda Abdul FCA
31 1008 353 Nayeem, Abu Sayed Mohammed FCA
32 1009 469 Nesaruddin, A F FCA
33 1041 760 Quader, Ghulum Murshed Latiful FCA
34 1048 588 Rabbani, Khondkar Atique-e- FCA
35 1095 815 Rahman, Md Mahsudur FCA
36 1174 697 Rashid, Md Harun-Or- FCA
37 1175 607 Rashid, Mohammad Hamidur FCA
38 1254 570 Salam, Md Abdus FCA
39 1289 118 Shaheedullah, Mian Muhammad FCA
Final List of Contesting Candidates for Council
From Chittagong Regional Constituency
Sl. Voter Enrl.Name
No. Nos. No.
01 20 699 Barua, Sidhartha FCA
02 81 748 Mazumder, Md Shaifur Rahman FCA
03 98 722 Siddique, Moddassar Ahmed FCA
Final List of Contesting Candidates for DhakaRegional Committee (DRC)
Sl. Voter Enrl.Name
No. Nos. No.
01 33 1115 Ahmed, Abu Sayeed FCA
02 79 800 Ahmed, Mohammad Mohiuddin FCA
03 162 972 Alam, Mohammad Khairul FCA
04 241 975 Azim, Md Ashraful FCA
05 507 1129 Hoque, Muhammad Aminul FCA
06 587 1077 Hossen, Md Sarwar FCA
07 906 1156 Mannan, Abdul ACA
08 998 1030 Nandi, Uzzal Kumar FCA
09 1187 939 Reza, Md Selim FCA
10 1190 838 Reza, Muhammed Shamim FCA
11 1192 1183 Rezvi, Md Ali Akther ACA
12 1304 1164 Siddiki, Md Al Amin ACA
13 1316 1054 Sowdagar, Md Abu Khair
Hasanul Hasif FCA
14 1359 1147 Uddin, Md Jasim FCA
Final List of Contesting Candidates for Chittagong
Regional Committee (CRC)
Sl. Voter Enrl.Name
No. Nos. No.
1 26 893 Chowdhury, Arup FCA
2 41 902 Dawood, Ahmed FCA
3 52 971 Hasan , Imran Abu FCA
4 53 888 Hasan, Md Kamrul FCA
5 73 994 Kabir, Mohammed Reazul FCA
Anil Chandra Nath FCA
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hittagong Regional Committee
(CRC) of ICAB organised a CPD
Seminar on "Finance Act
2015-Major Changes to Income Tax &
VAT" on 12 September 2015 at the
Conference Hall of ICAB-Chittagong
Regional Office, Chittagong.
Apurba Kanti Das, Commissioner of
Taxes Zone-01, Chittagong was present
as Chief Guest. Showkat Hossain FCA,
Past President and Council
Member-ICAB & Resident Partner, Hoda
Vasi Chowdhury & Co.,
Chartered Accountants
conducted as the
Session Chairman.
Shekhar Ranjan Kar
FCA, Past Chairman,
CRC-ICAB and Group
CFO & Company
Secretary, BSRM Group
of Companies
presented the keynote
paper in the seminar.
C
CRC-ICAB organized CPD Seminar on 'FinanceAct 2015-Major Changes to Income Tax & VAT'
Two Companies panelized
for Qualified Reports by
MABS & J PartnersBased on qualified report on the Audited Financial State-
ments for the year ended 30 June 2014 BSEC fined the
Directors of Alltex Industries Ltd by Taka five lac, each.
BSEC also penalized each of the Directors of Dacca Dyeing
& Manufacturing Co Ltd (DDMCL) by Taka two lac based on
qualified audit report by the same CA Firm on the Audit of
Financial Statements for the fiscal year 2013.
ICAB President attends JuryBoard Meeting for Daily
Star-DHL Business AwardsICAB President Masih Malik Chowdhury FCA attended the
Jury Board Meeting for the Daily Star-DHL Bangladesh
Business Awards at the Azizur Rahman Conference Hall,
Daily Star Centre, Dhaka on 11 September 2015. Mr. Chow-
dhury is one of the members of the Jury Board for the Daily
Star-DHL Bangladesh Business Awards (BBA) , a most
prestigious award in the country which is jointly organized by
The Daily Star and DHL Express Bangladesh every year.
The awards have been given to the exceptional business
leaders of the country with a view to promote ethical
business practice since 2000.
Exclusive Interviewof Shahadat
Hossain in EkusheyTV, Tells on FRA
ICAB Council Member Md Shahadat Hossain FCA participated
in Ekushey Business program on capital market which was
broadcast live in Ekushey TV on 7 September 2015. In an
exclusive interview Mr. Shahadat spoke on current capital
market trend & its related phenomenon, the FinancialReporting Act 2015, accounting & auditing standards, etc.
On a query he described some sections of Financial Reporting
Act which he said definitions of auditor and professional
accountant are not clear. He also highlighted some core
functional areas of the Act including provision for punishment
for auditor which are inconsistant and impracticable.
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ICAB Academic Campus NewsThe Pre-examination Classes for
Professional Stage-Knowledge Level(12th Batch, Sections: G-I), Application
Level (11th Batch, Sections: A-D) and
Advanced Stage (10th Batch, Section:
A) have started from 06 September
2015 for Examination Session:
November-December 2015 at ICAB
New Academic Campus. These batches
will be concluded on 29 November 2015.
There are 512 students enrolled for the
Class Session: September-November
2015 and 133 teachers will conduct the
classes.
As a result, the cumulative number of
participated students of ICAB under new
curriculum has come to 9,476 till
September 31, 2015.
On the other hand, a- new session for
the students of Professional Stage-
Knowledge Level (13th Batch) will
commence from Tuesday, 01 December
2015 at ICAB New Academic Campus. A
Notice has already been issued in this
regard, and all concerned students are
advised to enroll the classes by 10
November 2015 at ICAB New Academic
Campus.
The notice of Special Classes for the
Students of Professional Stage-
Knowledge & Application Levels for
Examination Session: November-
December 2015, who are now engaged
in Union Parishad Audit Works and
staying outside Dhaka, has been issued
on Tuesday, 29 September 2015 at
Campus. Students intending to attendthe special classes will be required to
enroll/register their names on or before
20 October 2015 at ICAB New Academic
Campus, 51-53, Kazi Nazrul Islam
Avenue, Kawran Bazar, Commercial
Area, Dhaka-1215. All concerned
students are also requested to submit
application through and with the
recommendation of the respective
Principal of the Firms, to the address of
ICAB New Academic Campus.
Meanwhile, the refurbishments of ICAB
New Academic Campus at 51-53, Kazi
Nazrul Islam Avenue, Kawran Bazar,
Commercial Area, and Dhaka-1215
have mostly done, and the rest works of
it will be completed by October 2015.
The Programme and Session have been
organised by the Additional Director &
his Team at ICAB Academic Campus
under the supervision of the Vice
President (Education & Training)-ICAB,Mr. A F Nesaruddin FCA with the
consent and guidance Mr. Masih Malik
Chowdhury FCA, President-ICAB Mr.
ABM Azizuddin FCA, Chairman of Board
of Studies-ICAB & Co-chairman, Md
Abdus Salam FCA.
Resource Persons: ICAB Academic Campus (Session: September-November 2015)Name of Resource Persons
(Sections- G, H & I of PS-KL-12th Batch)
Mr MAKH Hasif Sowdagar FCA
Mr Md Amran Hossan ACA
Mr Mohammad Rostam Hosain ACA
Mr Obaidur Rahman FCA
Mr Md Humayan Kabir FCA
Mr Muhammad Kamruzzaman ACA
Mr Chitta Ranjan Halder FCA
Mr Md Akber Hossain Khan ACA
Ms Tasnuva Ahmed ACA
Mr Mahmudur Rahman ACAMr Ruhul Amin ACA
Mr Faruq Ibn Hossain ACA
Mr Zafar Ullah Khan FCA
Mr Shibly Ahmed FCA
Mr Muhammad Shariful Islam Shiplu FCA
Mr G M Latiful Quader FCA
Mr Mohammed Ariful Hoque FCA
Mr Mohammad Shibbir Hossain FCA
Mr Md Kishlur Rahman ACA
Mr Md Shihabur Reza ACA
Mr Sajib Sarkar ACA
Mr Parymal Kumer Sarker ACA
Ms Ismat Jahan ACA
Mr Md Shahariar Ahmed ACA
Ms Mashruna Alam Chowdhury ACA
Mr Md Bani Amin ACA
Mr Mohammad Monowar Hossain ACA
Mr K S Omar Faruk ACA
Mr Md Sayduzzaman Tuhin ACA
Mr Khairul Basher FCA
Mr Abdullah-Al-Mamun FCA
Mr Tariquzzaman Khan FCA
Mr Md Jasim Uddin FCA
Mr Miltan Bepari ACA
Professor Dr ASM Hossain Tayiab FCA
Mr Md Saiful Hasan ACA
Mr Md Ebadat Hossain Bhuiyan FCA
Mr Md Al-Amin Siddiki ACA
Mr Ajit Kumar Paul FCA (GT)
Mr Md Abu Bakar FCA
Mr Md Kamruzzaman ACA
Mr Md Tareq Kamal ACA
Mr Mohammad Mazharul Haque FCA
Mr Sandip Halder FCA
Mr Md Mahbub Hasan ACA
Mr Mohammad Mohsin Khan ACA
Mr Sheikh Tareq Zahir FCA
Mr Ramdas Howlader FCA
Ms Farjana Yeasmin ACA
Mr Md Razib Hossain ACA
Mr Shadhan Chandra Das FCA
Mr Abu Hena Mustafa Kamal ACA
Mr Shyamal Krishna Roy FCA
Ms Sharmina Tasneem FCA
Mr Badal Chandra Rajbangshi ACA
Mr Md Zahurul Islam ACA
Mr Md Abdullah-Al-Amin ACA
Mr Nazmul Hussain Siddique ACA
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September 2015No. 311
Announcement(Classes of Next Session)
The New Session (December
2015-February 2016) for the Students of
Professional Stage-Knowledge Level
(13th Batch) will start from Tuesday, 01
December 2015 at ICAB New Academic
Campus, 51-53, Kazi Nazrul Islam
Avenue, Kawran Bazar, Commercial
Area, Dhaka-1215. A Notice has already
been issued in this matter, and all the
concerned students are advised to
enroll for the classes by 10 November
2015 at ICAB New Academic Campus.
Source: ICAB Campus
Name of Resource Persons
(Sections- A-D of PS-AL-11th Batch)
Mr Mohammed Tofazzul Hussain FCA
Mr Abdullah-Al-Mamun FCA
Mr Anwaruddin Chowdhury FCA (GT)
Mr Obaidur Rahman FCA
Mr Mohammad Redwanur Rahman FCA
Mr Anup Kumar Sarker ACA
Mr Md Shafiqul Alam FCA
Mr Md Kahir Mahmud FCA
Mr Masud Khan FCA-India (GT)
Mr Shaheduzzaman Choudhury FCA
Mr Mohammad Imtiaz Khan FCA
Mr K M Atiqul Islam ACA
Mr Mahmudul Hasan Khusru FCA
Mr Abdul Khalek FCA
Mr Md Amirul Islam FCA
Mr Abdulla-Al-Mahmud FCA
Mr Md Mahsudur Rahman FCA
Mr Md Sarwar Hossen FCA
Mr Shafiq Musharrof FCA
Mr Gopal Chandra Ghosh FCA
Mr Sabbir Ahmed FCA
Mr AH Mostafa Kamal Khan
Mr Shamim -Al-Mamun FCA
Mr Dipok Kumar Roy ACA
Mr Sayeed Ahmed FCA
Mr Md Akbar Hossain FCA
Mr Mohammed Forkan Uddin FCA
Mr Mohammad Abdul Ohab Miah FCA
Mr Md Din Islam Miah FCA
Mr Mohammed Sabir Ahmed FCA
Dr Jakerul Abedin (GT)Mr Mohammad Abdul Matin
Mr Md Fokrul Islam FCA
Mr MAKH Hasif Sowdagar FCA
Mr Muhammad Aminul Hoque FCA
Mr Md Mahamud Hosain FCA
Mr Md Abdur Rouf FCA
Mr Shahriar Istiaq Halim FCA
Mr Md Abdur Razzaque FCA
Mr Md Ziaul Alam ACA
Mr Bibhuti Bhushan Biswas FCA
Mr Anup Kumar Mukherjee FCA
Mr Zakir Hossain FCAMr Ranjan Kumar Bhowmik FCMA
Mr Md Reajul Islam FCA
Mr Imtiaz Lutful Baset FCA
Mr Md Selim Reza FCA
Mr Syed Mohammed Kowser Hossain (GT)
Mr Palash Mollick
Mr Mohammad Aminul Hoque FCA
Mr Shah Muhammad Ashequr Rahman FCA
Mr Ajit Kumar Paul FCA (GT)
Mr Mostak Ahmmed FCA
Mr S M Rahmatul Mujeeb FCA
Mr Md Abdul Ahad ACA
Mr Sujan Kumar Saha ACA
Mr Gopal Chandra Ghosh FCA
Mr Mohammad Salahuddin Chowdhury FCA
Mr Mohammad Nazim Uddin FCA
Mr Md Lutfar Rahman ACA
Mr Sk. Md Tarikul Islam ACA
Mr Md Arshadul Kabir ACA
Mr Md Jehad Uddin
Mr Snehsish Barua FCA
Mr Sheikh Noor Mohammad (GT)
Mr Abdullah Al Yousuf (GT)
Mr. Yasin Miah FCA
Mr Md Abdullah-Al-Amin ACA
Mr Nazmul Hussain Siddique ACA
Name of Resource Persons
(Sections- A of AS-10th Batch)
Mr Gopal Chandra Ghosh FCA
Mr Mohammad Mehdi Hasan FCA
Mr Mohammed Forkan Uddin FCA
Mr Anwaruddin Chowdhury FCA(GT)
Mr Sabbir Ahmed FCA
Mr Abdullah-Al-Mamun FCA
Mr Shahriar Istiaq Halim FCA
Mr Sk. Md Tarikul Islam ACA
Mr Masud Khan FCA-India (GT)
Mr Sayeed Ahmed FCA
Mr Snehsish Barua FCA
Visiting Faculties(for Ongoing Session)
Name of Visiting Faculties
Mr. Masih Malik Chowdhury FCA
Mr. A F Nesaruddin FCA
Mr. ABM Azizuddin FCA
Mr. Anwaruddin Chowdhury FCA
Mr. Md Syful Islam FCA
Mr. Md Abdus Salam FCA
Mr. Gopal Chandra Ghosh FCA
Mr. Abdul Khalek FCA
Mr. Md Amirul Islam FCA
Mr. Sabbir Ahmed FCA (E-770)
Mr. Mohammad Mehdi Hasan FCA
Mr. Ajit Kumar Paul FCA
Dr. Jakerul Abedin
Mr. Md Jehad Uddin
Mr. Syed Mohammed Kowser Hossain
Mr. Sheikh Noor Mohammad
Mr Abdullah Al Yousuf
Mr. A H Mostafa Kamal Khan
Campus News Continued.
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September 2015No. 311
Permission to train Articled Students
The following members have been given permission to train
Articled Students with effect from the dates mentioned against
their names:
Name Effective Date
Mr. Syed Rafiqul Alam FCA (386) 21 September 2015
Partner
Hoda Vasi Chowdhury & Co.,
Chartered Accountants,
BTMC Building
(Level-7 & 8), 7-9, Karwan Bazar,
Dhaka-1215
Mr. AKM Kamrul Islam FCA (670) 21 September 2015
Partner
Islam Aftab Kamrul & Co.,Chartered Accountants,
BSCIC Electronics Complex (Level-5)
Plot # 1/1/,Road # 3,
Avenue-4, Section-7,
Mirpur, Dhaka
Mr. Sabbir Ahmed FCA (770) 21 September 2015
Partner
Hoda Vasi Chowdhury & Co.,
Chartered Accountants,
BTMC Building,
(Level-7 & 8), 7-9,
Karwan Bazar,
Dhaka-1215
Name Effective Date
Mr. Md. Eftekhar Ali FCA (910) 21 September 2015
Partner
S K Barua & Co.,
Chartered Accountants,House # 181 (2nd floor),
Lane # 23, New DOHS,
Mohakhali, Dhaka-1206
Mr. Md. Shamim Ahsan FCA (1047) 21 September 2015
Partner
Islam Jahid & Co.,
Chartered Accountants,
East Tejturi Bazar (2nd floor)
Kawran Bazar, Dhaka-1215
Mr. Mohammad Mofizul Haque 21 September 2015
Rinku ACA (1204)
Partner
Rahman Mostafa Alam & Co.,
Chartered Accountants,
Paramount Heights (7th floor D2)
65/2/1, Box Culvert Road
Purana Paltan, Dhaka-1000
Mr. Mohammad Anwarul 21 September 2015
Hoque ACA (1458)
Partner
S K Barua & Co.,
Chartered Accountants,
House # 181 (2nd floor),
Lane # 23, New DOHS,
Mohakhali, Dhaka-1206
Source: Secretariat-ICAB
Congratulations
We Mourn
Joachim Andrew Gomes FCA
(Enrolment No. 04), Proprietor,
Andrew Gomes & Co., Chartered
Accountants, died on 09 September
2015 due to Hepatitis –B disease.
He was 88.
He left behind his wife, 03 sons and
6 daughters. On behalf of the
Council Members of the Institute, the President of ICAB
Masih Malik Chowdhury FCA expressed deep sorrow at the
demise of Mr. Gomes and prayed for the salvation of his
departed soul. May Allah give the bereaved family the
strength and courage to bear the irreparable loss.
Tofazzul Hussain FCA,
Lead Consultant and
the Chairman of
HUSSAINS Business
Consultants Ltd has
participated in the
Certified ManagementConsultant International
Conference 2015 held
from 22-28 September
2015 in the Netherlands
under the International
Council of Management
Consulting Institutes
(ICMCI).
Tofazzul Hussain in CMCI Conference
8/20/2019 Bulletin Sep 15
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September 2015No. 311
Research Director of UK, FRC, Andrew
Lennard, President of German
Accounting Standards Setting Board
Prof. Dr. Andreas Barckow.
Courtesy Call on ICAEW Deputy
President and Meeting with
ICAEW Senior Executives
ICAB delegates paid a courtesy call on
ICAEW Deputy President and held a
meeting with Senior Executives at
Chartered Accountants' Hall, Moorgate
Place, London on 30 September 2015.
The meeting with ICAEW Deputy
President Dr. Hilary Lindsay, Head of
New Business Development, JustinWest and International Affairs Manager
Ms. Christina Pavlis discussed various
professional issues.
ICAEW Deputy President acknowledged
the importance of mutual collaboration
between the two institutes and she
showed her interest to enhance the
strength of this relationship.
ICAB President shared
the current status of
a c c o u n t a n c y
profession in
Bangladesh andICAB’s major initiatives
towards professional
development. He also
congratulated the
Deputy President of ICAEW in advance
to her presidency for the year 2016. He
invited her to visit ICAB at a suitable
time.
ICAEW Executive Director Vernon
Soare, Head of New Business
Development Justin West, International
Affairs Manager Christina Pavlis were
present in another meeting at same
venue on the same day. ICAB President
and other delegates discussed in details
about the current status of ICAB and the
profession with them.
Online education and library facilities for
ICAB students and members,
arrangement of training for ICAB
members for online IFRS and clarified
ISA certification program, support in
development of ICAB’s SIG and
faculties, World Bank Project, etc werethe dominant issues in the meeting.
They visited London Stock Exchange
(LSE) on 30 September. On the way
back from UK, ICAB President and Past
President Syful Islam FCA visited Qatar
for exploring new career opportunity for
the members of the Institute, in a brief
stop over.
(From back page) ICAB delegates participate in IASB World...
coordination meeting between
Bangladesh Bank high officials and
ICAB working group was held on
20 September 2015 to discuss the
expectation gaps and way forwards to
reduce the gaps.
Abu Hena Mohd. Razee Hassan,
Deputy Governor, Bangladesh Bank
briefed about background of the
meeting. ICAB President also briefed on
ICAB’s role to promote transparency
and governance in Accountancy and
Audit services. He said ICAB is
committed to disseminate technicalknowledge and practical implementation
of various Accounting and Auditing
Standards like IFRS, ISA and the related
laws, regulations and fiscal matters
such as income tax, VAT, customs duty
among various stakeholders and
institutions.
ICAB has been arranging and strictly
monitoring the training programs,
workshops, round table dialogues
organized its premises for the
stakeholders, he further said. The
President also mentioned that the
meeting between the two organizations
is very important. He hoped that such
dialogue and interaction between ICABand Bangladesh Bank will continue in
future for mutual benefit.
ICAB member & convener of BB working
group Sabbir Ahmed FCA highlighted
the role of auditor and common areas of
expectation & gap.
Among others, Bangladesh Bank,
Representatives from different
departments, ICAB Vice Presidents A F
Nesaruddin FCA, Kamrul Abedin FCA,
Council Member & Past President Md.
Syful Islam FCA, Fellow Members Md.
Raghib Ahsan FCA, Md. Jahidur
Rahman FCA, Muhammad Aminul
Hoque FCA, Mohammed Hamidul Islam
FCA, Muraheb Malik Chowdhury FCA, Ashraf-Uz-Zaman Ali ACA were present
in the meeting.
A Coordination Meeting between Bangladesh Bank High
Officials and ICAB Working Group
A
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September 2015No. 311
Published by the Editorial Board of the Council, The Institute of Chartered Accountants of Bangladesh (ICAB)100 Kazi Nazrul Islam Avenue, Dhaka 1215; Tel. 9117521, 9112672, 9115340 , 9137847 Fax: +880-2-9125266, E-mail: [email protected], Website: www.icab.org.bd
itt R i l C itt Ch i M M h d S if Uddi FCA HBFCB ildi (3 d Fl ) 1/D A b d C i l A Chitt B l d h T l 880 31 724674 F 880 31 2523579 E il i b t @ h
CAB President Masih Malik
Chowdhury FCA along with his teamparticipated in meeting in World
Standard Setters program, meetings
with delegates from CPA Ireland, ICAB
UK Chapter and ICAEW representatives
during a visit in London, UK from 26 -29
September 2015. The other members of
the ICAB team were Council Member &
Past President Md. Syful Islam FCA and
Director (Technical) Mahbub Ahmed
Siddique FCA.
Meeting with delegates from CPA
IrelandICAB President Masih Malik Chowdhury
FCA, Council Member & Past President
Md. Syful Islam FCA and UK Chapter
Chairman AKM Fazlur Rahman FCA
held a meeting with delegates from CPA
Ireland at Novotel London Tower Bridge
Hotel on 26 September 2015. They
discussed on Cash Basis IPSAS and
IFRS.
In the meeting, Director (Member
Services), CPA Ireland Fitz Gerald
assured that CPA Ireland would continueits cooperation in education, certification
and training on implementation of both
cash and accrual basis IPSAS for ICAB
Members and other stakeholders of
ICAB in Bangladesh. Technical Director
of Nelson Croom Ltd, Nelson Croom
was also present.
Both ICAB and CPA Ireland showed
their high interest to work together for
mutual collaboration and professional
development in coming days.
Meeting with UK Chapter
ICAB delegates held a meeting
with UK Chapter Chairman AKM
Fazlur Rahman FCA and
members of the Chapter in UK at
117 Clapham High Street,
London on 27 September 2015.
They shared their views on
professional issues and the key
developments of ICAB.
In the meeting ICAB President shared
the matters regarding FRA and FRC in
Bangladesh. Other participants also
expressed their views and suggestions
on the challenges of FRA. ICAB
delegates also sought continued
cooperation from UK Chapter in this
regard.
IASB World Standard Setters
Conference
IASB World Standard Setters Meeting
on Financial Reporting Standards was
held at Grange City
Hotel London on
28-29 September
2015. IASB
Chairman and Board
Members, Executive
Technical Director
and other Technical
Executives of IASB,
Executive Director of
IFRS Foundation and
President, Council Members &
Technical Staffs from Institutes of more
than 60 Countries participated in themeeting. This was full of technical
sessions on latest development of
IFRS and relevant issues. Indeed the
whole program was full of fellowship
and networking events with the leaders
and technical experts from
accountancy and relevant
regulatory organizations from
60 countries.
Apart from participating in the
technical sessions, ICAB
delegates separately held
meetings with the Executive
Director of IFRS Foundation,
ICAB Delegates participate in IASB WorldStandards Setters Conference, Meetings with
CPA Ireland, ICAEW and UK Chapter in London
I
Contined page 15
Schedule of Trainings and
Workshops in October The tentative schedule of the ICPE organised
Trainings and Workshops in October 2015
are furnished below:
Source: ICAB Centre for Professional Excellence (ICPE)
Title Date
Workshop on "EffectivePresentation through
PowerPoint"
3 & 10 October
11-29 October
17 October
Training on "Preparation ofAccounts in ModernCommercial AccountingSystem"for Officers/Staff of BTCL
Workshop on EffectiveCommunication Skills
31 OctoberWorkshop on "Writing Skills"