august 2010 icab news bulletin keynote presentation said the accountants and the auditors could play...

MEMBER OF:

International Federation ofAccountants (IFAC)

International AccountingStandards Board (IASB)

South Asian Federation ofAccountants (SAFA)

Confederation of Asianand Pacific Accountants(CAPA)

ISSN 1993-5366August 2010

Monthly News briefing from the Institute of Chartered Accountants of Bangladesh

ICAB News BulletinNo. 250

CAs Role Vital for Economic Uplift, says President

In This Issuep CAs Role Vital for

Economic Uplift, says President

p Two Technical Sessions held

p Ensure Transparency in FinancialManagement,Commerce Ministercalls upon CAs

p 71st SAFA Assembly,14th SAFA Board, Task Force andDifferent Committeemeetings held

p EB meeting held

p Meetings, Programmesheld in the Month ofAugust 2010

p We Mourn

p Admission as Associate

p Permission to StartPractice

p Permission to Join as Partner

p IFAC News

p At a Glance ofInternationalConference of CA 2010

p Library AttendanceAugust 2010

p 41 Qualify asChartered Accountantsin May-June 2010 CA Exam

President Md. Zillur Rahman urged theprofessional chartered accountants to play aresponsible role in ensuring transparency

and accountability of institutions for greater interestof the government and the countrymen. “Its mybelief that you (accountants) yourselfwill show transparency andpatriotism”. “Chartered Accountantsare the most vital force in driving theeconomy of the country to achievebudgetary goals of the government”,says President Md. Zillur Rahmanwhile inaugurating the InternationalConference of Chartered Accountantsin Dhaka.The Institute of CharteredAccountants of Bangladesh (ICAB)organized the daylong conference on9th August 2010. The theme of the

conference was "Role of Chartered Accountants inthe Mobilizing of National Resources" in whichNobel Laureate Professor Muhammad Yunusattended as special guest. Governor of BangladeshBank Dr. Atiur Rahman presented the key note

paper on the theme of theconference. Speaking at the inaugural session,the President described the role ofprofessional accountants as veryimportant in ensuring the fairfinancial management of the nationalbudget, which is greatly contributingto the government and nongovernment sectors. “The government mostly depends ondirect and indirect taxes to meetbudget expenditure but manyindividuals or institutions for

Honourable President of the People's Republic of Bangladesh Md Zillur Rahman delivering speech as Chief Guest of the Conference.

Md Zillur RahmanHonourable President

ICAB News Bulletin No. 250

August - 2010 2

avoiding the tax amounts prepare theirannual balance-sheets in ways which donot reflect the real accounts,” he warnedthe professional accountants. Honourable President mentioned that theICAB has been relentlessly working toproduce skilled and professional charteredaccountants in the country and thoseprofessionals have been acquiring fameand dignity in their activities at home andabroad. “It’s the demand of time to make thecountry’s financial management morebeautiful and disciplined in line with thecompetitive world,” he said.The President expressed his satisfactionover the role of the Chartered Accountantswho are providing input of transparency,accountability and good governance in thefinancial statements of entities of thecountry.Expressing his belief, the President said allparticipants would be more benefitedthrough the conference by sharing theirlatest knowledge and experience.

Mr. Abbas UddinKhan FCA,C h a i r m a n ,O r g a n i z i n gCommittee in hisaddress of welcomesaid, a charteredaccountant isthoroughly ananalytical andp r o f e s s i o n a l l yqualified person with

knowhow, capability and skill to contributesignificantly to the growth of nationalsavings and resource mobilization tofinance investment and developmentexpenditures in the context of growingeconomy.

Dr. JamaluddinAhmed FCA,President, ICABsaid thataccountancy plays akey role to ensurec o r p o r a t eg o v e r n a n c e ,t r a n s p a r e n c y ,accountability andprofessional ethics

in financial reporting and the CharteredAccountants are now directly linked withbanking and non-banking financial

institutions, insurance companies, capitalmarket institutions and listed, non-listedcompanies and entities of all varieties anddimensions who can generate resources tothe national exchequer to finance thedevelopment and non developmentexpenditure of the Government. Thecountry is seriously in need of investmentin the Power, Gas, Electricity and otherinfrastructure for rapid economic

development which needs huge resources.The professional expertise of the charteredaccountants can play a very sound role inthe process of the mobilization of resourcesfor the government to finance thedevelopment activities of the country.

Nobel LaureateProf. MuhammadYunus, ManagingDirector of theGrameen Bank alsoexpressed hopesabout the role of thec h a r t e r e daccountants inshaping theeconomy of the

country. Professor Muhammad Yunuscommented that chartered accountants arethe most vital players in preparingtransparent financial statements of theentities and their cautious supervision ofaudit work and providing opinion thereonhelp the entities to rectify their roadmap.

Governor Dr. AtiurRahman in hiskeynote presentationsaid the accountantsand the auditorscould play importantroles inaccumulating thegovernment’s taxfrom the householdsand businessenterprises.

“The present tax-GDP ratio is 9.2 percentcompared to 8.9 percent of tax GDP ratioduring last fiscal year,” he said, adding thatthe government has stated a five year planwith a target of ensuring the tax-GDP ratioof 12.9 percent by 2015.Dr. Atiur Rahman informed that thegovernment has been consideringenactment of a law for the professionalaccountants. Around 500 professional accountants fromhome and 45 foreign professionals fromthe SAARC countries took part in thedaylong conference.

Abbas Uddin Khan FCAChairman, Organizing

Committee

Jamaluddin Ahmed FCAPresident-ICAB

Dr. Atiur Rahman Governor, Bangladesh Bank

Dr Muhammad YunusMD, Grameen Bank

A section of audience were present in the Inaugural Session.

Press ConferenceImmediately before the InternationalConference for Chartered Accountants2010, the Public Relation Sub Committeeof the Conference organized a PressConference at Pan Pacific SonargaonHotel on 8th August 2010. Presided over by Dr. Jamaluddin AhmedFCA, President, ICAB other members ofPublic Relation Sub Committee, CouncilMembers participated in the PressConference. The importance ofInternational Conference for CharteredAccountants 2010 was explained in theConference in the context of today’sscenario in South Asian Region. Thetheme of the Conference was “Role ofChartered Accountants in the Mobilizingof National Resources”.The Press Conference ended with thevote of thanks to the media for theircooperation.

In the afternoon two technical sessionswere held on the topics, “Perspectiveplan and the Resource Mobilization

Strategy of the Government ofBangladesh” and “Value Added Taxes inBangladesh-An Effective way of InternalResource Mobilization”. The papers werepresented by Dr. Jamaluddin Ahmed FCA,President, ICAB and Mr. M A Baree FCA,former President, ICAB of the organizationrespectively.“Bangladesh Government is preparing aperspective plan. Government has amission that by 2021 Bangladesh will bemiddle income country. If we want to gothere we have to recast our collecting

system,” saying Dr Jamaluddin AhmedFCA, President, ICAB while presentingpaper on “Perspective plan and theResource Mobilization Strategy of theGovernment of Bangladesh” in theTechnical Session-I of the InternationalConference of Chartered Accountants 2010.Dr. Jamal said that accountants help tocollect revenue for government, valuationtax. Valuation tax is an internal resource. Itis an important area. He mentioned theNBR source and said that in the currentyear the collection was almost 2% or moreof total revenue. The other areas aredirectors, corporate tax and the reductionof the source. It is other important area

where authority collects tax. In these areasaccountants can help to collect money forgovernment. At the same time whenaccountants certify the balance sheets andincome statements in the report, theycalculate the profit and liability around thepeople. They follow the rules and regulations ofthe Government applicable to Bangladeshfrom revenue department to makeprovision for tax. They assist their clientsin preparing their tax return. These are theareas where accountants can help. Dr. Muhammad Farashuddin, President,Board of Directors, East West Universitymoderated the session. n


August - 2010 3

Dr Jamaluddin Ahmed FCA, President-ICAB presenting his paper in Technical Session-I.

A section of audience were present in the Technical Session-II.

Two Technical Sessions held


August - 2010 4

In Technical Session-II Mr. Baree exposedthat the government should step upmeasures to enhance the tax collectionsystem. Speakers at the conference alsostressed the need to better the tax-GDPratio of the country. “Although the country’s tax-GDP ratio isgradually increasing, still it is lowestamong the South Asian countries, said MA Baree FCA, former president of ICAB. “One of the main reasons behind such alow ratio is that our government providestax exemption facilities to many sectors.For example, the transport sector accountsfor more that 11 percent of our GDP, butcontributes only 1 per cent to the GDP,” hesaid.

“So it’s time for the government to takeserious measures, such as improving thetax collection system and make it morepragmatic to increase the ratio”.Baree was speaking on the topic “ValueAdded Tax in Bangladesh: An EffectiveWay of Internal Resource Mobilization”.Also many taxable areas enjoy exemptions,he said, citing example of tax break inincome tax, zero rate and other specialexemptions for imports and truncated basefor VAT. He suggested the government takeseparate strategies for different revenueresources, including income tax, VAT andimport duty. “VAT is an important revenue source forthe government. So the collection target

must be made on the basis of the potentialin each sector instead of setting a typicaltarget comparing with the previous year,”said Mr. Baree. He called upon the government to limit theStatutory Regulatory Orders (SRO),notices and circulars to a manageable level.The National Board of Revenue shouldtake services from the charteredaccountants to cope with the skill dearth atthe board, said Mr. Baree. He also stressed revising the VATregulations and making those usersfriendlier to increase tax collection.Mr. Zahir Uddin Ahmed FCA, formerPresident of ICAB moderated the session.

Mr M A Baree FCA, Past President-ICAB presenting his paper in Technical Session-II.

A section of audience were present in the Technical Session-I.


August - 2010 5

Commerce Minister MuhammadFaruk Khan called upon thechartered accountants to maintain

international standards in their professionand ensure transparency and accountabilityin the financial management.Addressing the Valedictory Session of theInternational Conference of CharteredAccountants 2010 at a local hotel on 9thAugust 2010. Mr. Faruk Khan saidchartered accountants could have alertedpeople before the recent global economicrecession.However, he said, Bangladesh hassuccessfully overcome the recession whenmany rich countries have suffered a lot.The 4.11 percent growth in export in thelast 4 years has proved that the recessiondid not harm Bangladesh that much. Hepraised the important contributions of CAsin this regard.The Commerce Minister said charteredaccountants have more responsibilitytowards social welfare as they are from theaffluent section of the society. He calledupon them to come forward in the well

being of the poor and marginalized peopleof the society.Mr. Faruk Khan mentioned various stepstaken by the government to improve powersituation and traffic management,construction of Padma Bridge and elevatedexpressway in the capital. He said 10,000MW power will be generated by 2015.About 500 chartered accountants including45 from SAARC countries attended theconference organized by the Institute of

Chartered Accountants of Bangladesh(ICAB).Mr. Komol Bahadur Chitrakar, President ofthe South Asian Federation of Accountants(SAFA) was the Special Guest at thesession.Dr Jamal Uddin Ahmed FCA, President ofthe ICAB, Mr. Abbas Uddin Khan FCA,Chairman of Conference OrganizingCommittee, and Mr. M Abdus Salam. VicePresident of the ICAB also spoke at thesession. n

Mr. Muhammad Faruk Khan, MP, Honourable Minister for Commerce, GoB was the Chief Guest of the Valedictory Session of International Conference.

A section of participants at Valeditory Session.

Ensure Transparency in Financial ManagementCommerce Minister calls upon CAs

The 8th Board Meeting of theSouth Asian Federation ofAccountants (SAFA), an apex

body of SAARC held on 8th August 2010at Pan Pacific Sonargaon Hotel, Dhaka at2.00 pm under the Chairmanship of Mr.Komal Bahadur Chitracar, PresidentSAFA. Office bearers of SAFA, BoardMembers & Technical Advisors of SAFAmember bodies attended the meeting. SAFA Board Meeting decided thefollowing matters:

• SAFA Summit is scheduled to be heldon 11-12th December 2010 atKathmandu.

• ICAN shall provide all the logisticsupport and undertake financialresponsibility as the host body.

• A five member working groupcoordinated by SAFA Vice PresidentMr. A. N. Rahman was formed toreview and finalize the sub-themeswithin end of August 2010.

71st SAFA Assembly Meeting was held inthe evening of the same day under thechairmanship of Mr. Komal BahadurChitracar, President SAFA. Mr. A N

Raman, Vice President SAFA, Mr. SheikhA. Hafiz, Advisor SAFA, Mr. T.Karthikeyan, Permanent Secretary SAFA,Mr. Paramananda Adhikari, ExecutiveSecretary SAFA and Heads of MemberBodies & other delegates of all SAFAmember bodies participated in the 71stSAFA Assembly Meeting. In thisAssembly meeting, revised constitutionhas been passed as proposed by the Board.The meeting also decided that nextAssembly meeting will be held at Chennai,India on 05 January 2010In the morning of 08 August 2010

following Task Force and SAFACommittee meetings were held:

a. Task Force to develop BroadGuidelines for Organizing SAFASummit

b. SAFA Committee for Improvement inTransparency, Accountability andGovernance (ITAG);

c. SAFA Committee on Ethics andIndependence of Auditors

d. SAFA Committee on Governmentaland Public Sector Accounting;

Chairmen of all above Committeessubmitted their reports in the BoardMeeting. n


August - 2010 6

Mr. Komal Chitracar, President SAFA is presiding over the 14th SAFA Board Meeting.

71st SAFA Assembly, 14th SAFA Board, Task Force and Different Committee meetings held

Date Meetings/Programmes2.8.2010 Executive Comnmittee (EC) Meeting3.8.2010 RCPAR Sub-Committee Meeting (Category II: Financial Sector-

Non-Banking Insurance)3.8.2010 RCPAR Sub-Committee (Financial Sector Non-Banking) Meeting4.8.2010 Technical & Research Committee (TRC) Meeting5.8.2010 Meeting of the Organizing Committee of International Conference of

Chartered Accountants 20109.8.2010 International Conference of Chartered Accountants 2010

Venue: The Pan Pacific Sonargaon Hotel16.8.2010 Project Development & Implementation Committee (PDIC) Meeting18.8.2010 Editorial Board Meeting24.8.2010 Board of Studies (BoS) Meeting28.8.2010 Examination Committee Meeting28.8.2010 Council Meeting

Meetings, Programmes held in the Month of August 2010EB Meeting heldThe 1st meeting for the year 2010 of theEditorial Board (Board) of the Council-ICAB was held on Wednesday, 18 August2010 at 2:00 pm in the ICAB Council Hallat Chartered Accountant Bhaban, (8thfloor), 100 Kazi Nazrul Islam Avenue,Dhaka-1215, under the Chairmanship ofMr M Farhad Hussain FCA, MemberCouncil-ICAB & Chairman of the Board.


August - 2010 7

Mr. Apurba Kanchan DasguptaFCA (Enrl No. 233) died on 18August 2010. He was 66. He leftbehind his wife, daughters and sons.A virtuous person and dedicatedprofessionals, late Mr. Kanchan wasloved and respected by all. Mr.Kanchan qualified as CharteredAccountant from the Institute ofChartered Accountants of Bangladesh(ICAB) in the year September 1978.He was involved with Habib Sarwar &Co.Apurba Kanchan Dasgupta was anoble soul and was always held inhigh esteem by his relatives, friendsand admirers. The participants in aprayer of late Kanchan to almightyAllah, the merciful, for salvation ofthe departed soul and give thebereaved family the strength andcourage to bear his irreparable loss.The members of the Instituteexpressed deep sorrow at the saddemise of Mr. Apurba KanchanDasgupta.

We Mourn

We are inviting articles from our valuedmembers for publishing in the QuarterlyJournal "The Bangladesh Accountant" onthe following topics:q Capital Marketq Banking, Financeq Taxationq Audit Practices

(Local & International)q Public Financeq Any other topic of interest to our

readersAtttrctive honorarium will be paid for thepublished articles.

Articles Wa n t e d

Permission to Start PracticeThe following members have been granted permission to Start Practice as PublicAccountant with effect from the date as shown against their names.Name Effective DateMr. Mohammad Mosharraf Hossain PhD, FCA (769) 07 April 2010PartnerMuhammad Shaheedullah & Co.Chartered Accountants19, Bangabandhu Avenue (2nd floor), Dhaka-1000Mr. Muhammad Mehedi Hasan ACA (1000) 01 August 2010PartnerRahman Rahman HuqChartered Accountants9, Mohakhali C/A (11th & 12th floors), Dhaka-1212Mr. Syed Mohammed Ataul Karim FCA (477) 01 August 2010PartnerAhsan Ataul Azim & Co.,Chartered AccountantsKarim Vila (3rd floor)House # 9, Area-Bardhan BariP.S. Darus Salam, MirpurDhaka-1216

Admission as AssociateThe following member has been admitted as Associate of the Institute with effect from thedate mentioned against his name:Name Effective DateMs Rosanna Rahman ACA (1155) 12 July 201077, Valley Field RoadLondon SW16 2 HX

Mr. Mohammad Mosharraf Hossain PhD, FCA (769) was permitted to join as partnerwith M/s Muhammad Shaheedullah & Co., Chartered Accountants, 19, BangabandhuAvenue (2nd floor) Dhaka-1000 and practice as Public Accountant with effect from 07April 2010. The existing partners of the Firm are:Mr. Mian Muhammad Shaheedullah FCA (118)Mr. Gopal Bijoy Singh FCA (658)

Mr. Muhammad Mehedi Hasan ACA (1000) was permitted to join as partner with M/sRahman Rahman Huq, Chartered Accountants, 9, Mohakhali C/A, 11th & 12th floors),Dhaka-1212 from 01 August 2010. The existing partners of the Firm are:

Mr. Sheikh A. Hafiz FCA (110)

Mr. ANAH Siddiqui FCA (60)

Mr. M Mosleh Uddin FCA (22)

Mr. Adeeb H Khan FCA (652)

Mr. Ali Ashfaq FCA

Mr. Syed Mohammed Ataul Karim FCA (477) was permitted to join as partner with M/sAhsan Ataul Azim & Co., Chartered Accountants, Karim Vila (3rd floor), House # 9, Area-Bardhan Bari, P.S. Darus Salam, Mirpur, Dhaka-1216 from 01 August 2010. The existingpartner of the Firm:Mr. Muhammad Ahsanulla FCA (202)

Permission to Join as Partner


Two IFAC Nominees Selected as Membersof IFRS SME Implementation GroupRobin Jarvis and Ricardo Rodil to Join SME IG The International Federation of Accountants

(IFAC), the global organization for the accountancy profession,welcomes the announcement by the International FinancialReporting Standards (IFRS) Foundation of the membership of thenewly created SME Implementation Group (SME IG). IFAC ispleased to note the appointment to the SME IG of two of itsnominees¬Robin Jarvis and Ricardo Rodil.The group’s mission is to support the adoption and implementationof the IFRS for Small and Medium-sized Entities (IFRS for SMEs)around the world. As such, it will develop non-mandatory guidancefor implementing the IFRS for SMEs in the form of questions andanswers that will be made publicly available on a timely basis andmake recommendations to the International Accounting StandardsBoard if and when needed regarding amendments to the IFRS forSMEs. The members of the group will serve a renewable term oftwo years from July 2010. The full list of members is availablehere.“We are gratified that two of our nominees were selected to join theSME IG,” said Ian Ball, CEO of IFAC. “Both small- and medium-sized practices (SMPs) and SMEs are vital parts of the globaleconomy. IFAC provides support to SMPs, in collaboration withour member bodies, so that they can provide high-quality servicesto their SME clients. We also support professional accountants inbusiness, many of whom work in SMEs and will use the IFRS forSMEs. Providing input into international standard-setting¬including auditing and assurance, ethics, and accountingstandards¬to help ensure that they are relevant to SMPs and SMEsis a key part of our work. Robin and Ricardo will help the SME IGfulfill its mandate by bringing invaluable insights from theirprofessional experience, along with that drawn from theirexperience with IFAC’s Small and Medium Practices Committee.” IAESB Releases 2010 Handbook of InternationalEducation PronouncementsThe International Accounting Education Standards Board (IAESB)has released the 2010 edition of its Handbook of InternationalEducation Pronouncements. The 2010 Education Handbookcontains the IAESB’s suite of eight International EducationStandards (IESs), including the Framework for InternationalEducation Standards for Professional Accountants (theFramework), as well as three International Education PracticeStatements.The handbook has been updated to include the new Frameworkdocument, a revised glossary that includes new terms from theFramework, and minor editorial corrections. The new Framework,which uses a more concise and simplified structure so that first-time readers can readily understand the content, sets out theunderlying educational concepts that the IAESB uses in itspublications. These concepts will promote greater consistency inIAESB publications and help make the standard-setting processmore efficient and effective. The new Framework replaces the

previously existing Framework for International EducationPronouncements and the Introduction to the InternationalEducation Standards documents, which were published in October2003. Translations of Clarified ISAs Approved in severalEuropean languagesThe Directorate General Translations (DGT) of the EuropeanCommission (EC) has approved for publishing the translation of theInternational Auditing and Assurance Standards Board (IAASB)Clarity Standards in the following six official European Unionlanguages: Finnish, Lithuanian, Romanian, Slovakian, Slovenian,and Swedish. The DGT is currently reviewing translations of thestandards in an additional 14 languages. The translations include all36 of the IAASB’s clarified International Standards on Auditing(ISAs) and the International Standard on Quality Control (ISQC 1)as approved in February 2009. These translations are a vital part ofthe EC’s ongoing consideration of the adoption of the IAASBClarity Standards throughout the European Union.Ethics Code Translations underwaySince the release of the revised Code of Ethics for ProfessionalAccountants (the Code) in July 2009, IFAC has received formalpermission requests and proposals for translation of the Code into23 languages. The majority of these languages are European, butthey also include other official languages of the United Nations(UN), such as Arabic and Chinese. Member bodies and other stakeholders in the accounting professionare encouraged to translate the pronouncements published by IFACin order to make them more widely accessible to members of theprofession in their native languages. Increasing the accessibility ofthe pronouncements through translations is a priority for IFAC inpromoting their adoption and implementation. Russian is the onlyofficial UN language for which a translation of the Code is notcurrently being performed. A Russian translation proposal wouldbe welcome by IFAC to fill this gap.Open Consultations and Exposure drafts IFAC Consults:Changing Roles and Employer Expectations ofProfessional Accountants in BusinessThe Professional Accountants in Business (PAIB) Committee ofIFAC recently released for comment the Consultation Paper,Competent and Versatile: How Professional Accountants inBusiness Drive Sustainable Organizational Success, that highlightshow employer expectations of professional accountants in businessare expected to change in light of global trends and evolvingorganizational needs.The paper analyzes these expectations in relation to eight drivers ofsustainable organizational success what companies need to do toachieve and sustain success in the changing global economiclandscape. The drivers were defined based on an analysis of threelong-term trends influencing organizations: globalization,complexity, and technology. The drivers provide the framework forkey activities that professional accountants will be expected toperform. These activities are highlighted under the following fourroles that form the cornerstones of the services provided byprofessional accountants: creators, enablers, preservers, andreporters of sustainable value. n

August - 2010 8

IFAC News


August - 2010 9

At a Glance of International Conference of CA 2010


August - 2010 10

At a Glance of International Conference of CA 2010


August - 2010 11

Sl. # Name of Firm Total1 A. B. Saha & Co. 112 ABBAS KHAN & Co. 03 A Hoque & Co. 44 A K Azad & Co. 165 A K Deb & Co. 66 A Mannan & Co. 07 A Matin & Co. 318 A Qasem & Co. 359 A T Talukder & Co. 110 A Wahab & Co. 1111 ACNABIN 5212 Aftab Ahmed & Co. 213 Ahmad & Akhtar 2514 Ahmed Khan & Co. 4215 Ahmed Mashuque & Co. 3716 Ahmed Shahid & Co. 1517 Ahmed Zaker & Co. 1518 Ahsan Ataul Azim & Co. 019 Ahsan Kamal Sadeq & Co. 2520 Ahsan Manzur & Co. 021 Ahsan Rashid & Co. 1622 Ahsan Zamir & Co. 1823 Aktar Amir & Co. 124 Alamgir & Idris 125 Alam Chowdhury Mostafa & Co. 1726 Ali Zahir & Co. 027 AMAL & LEENA 428 Andrew Gomes & Co. 029 Anisur Rahman & Co. 430 Anwar Ahmed & Co. 031 Asad Zaman & Co. 032 Ashraf Uddin & Co. 1633 Ashraful Haque Nabi & Co. 1934 Ata Khan & Co. 1035 Atik & Wahid 136 Atik Khaled & Co. 337 Ayub & Mahmood 038 Aziz Halim Khair Chowdhury 3439 Azad Abul Kalam & Co. 040 B Alam & Co. 741 Baree Pear Shafiq Khan 142 Basu Banerjee Nath & Co. 1443 Bokhteyar Humayun & Co. 144 C M Alam 045 Chowdhury Bhattacharjee & Co. 1346 Chowdhury Hossain Rashid & Co. 1247 Das Chowdhury Dutta & Co. 548 Dewan Nazrul Islam & Co. 949 DHAR & Co. 050 Fazlul Hoque & Co. 251 G Biswas & Co. 16

Sl. # Name of Firm Total52 G Kabir & Co. 4053 G Mostafa & Co. 454 G Nabi & Co. 155 Habib Sarwar & Co. 056 Hafiz Ahmed & Co. 157 Haque Shahalam Mansur & Co. 4658 Hoda Vasi Chowdhury & Co. 10859 Hossen Delwar & Co. 060 Howladar Yunus & Co. 3061 Huda & Co. 162 Huda Hossain & Co. 3663 Hussain Farhad & Co. 2564 Irshadullah Patwary & Co. 0 65 Islam Aftab Kamrul & Co. 2066 Islam Quazi Shafique & Co. 1867 J R Chowdhury & Co. 668 J U Ahmed & Co. 369 K B Newaz & Co. 270 K M Alam & Co. 1471 K M Hassan & Co. 3272 Kanchi Lal Das & Co. 173 Kazi Zahir Khan & Co. 1674 Khaja Shiraj & Co. 075 Khaleque Jamal Halder & Co. 776 Khan Ayub 2377 Khan Wahab Shafique Rahman & Co. 1778 M A Fazal & Co. 179 M A Hussain & Co. 1080 M A Malek Siddiqul Wali & Co. 881 M A Quader Kabir & Co. 082 M A Taleb & Co. 083 M A Zaman & Co. 3484 M Abdus Salam & Co. 185 M Ahmed & Co. 086 M Hafiz & Co. 087 M I Chowdhury & Co. 1188 M J Abedin & Co. 6489 M M Hossain & Co. 090 M M Rahman & Co. 291 M N Islam & Co. 1392 Mowla Mohmmad & Co. 193 M R Khan & Co. 1094 M Ruhul Amin & Co. 095 M Huque & Co. 196 M Z Islam & Co. 1097 Mahbub Mohsin & Co. 598 Mahfel Huq & Co. 699 Mandal & Co. 48100 MARHK & Co. 4101 MASH Haque 0102 Masih Muhith Haque & Co. 54

Sl. # Name of Firm Total103 Masud Altaf & Co. 0104 Mijan Rahman Bhuiyan & Co. 4105 Mizan Islam & Co. 0106 Mohammad Ata Karim & Co. 1107 Mohammed Quddus & Co. 7108 Mohibullah & Co. 6109 Mollah Quadir Yusuf & Co. 4110 Muhammad Shaheedullah & Co. 23111 N Chakraborty & Co. 19112 N K Roy & C67 21113 N L Roy & Co 0114 Nurul Azim & Co. 5115 Nurul Faruk Hasan & Co. 7116 OCTOKHAN 1 117 Pinaki & Company 17118 Quasem Abul & Co. 0119 Rahman Anis & Co. 7120 Rahman Kashem & Co. 41121 Rahman Mostafa Alam & Co. 12122 Rahman Mustafiz Haq & Co. 4123 Rahma Rahman Huq 5124 Rahman Thakur & Co. 15125 Razzaque & Co. 29126 S F Ahmed & Co. 106127 S H Khan & Co. 2128 S K Barua & Co. 13129 S M Zakaria & Co. 0130 S N Meahji & Co. 24131 Sadhan Das & Co. 4132 Saha Mazumder & Co. 77133 Sarwar Salamat & Co. 0134 Shafiq Basak & Co. 7135 Shafiq Mizan Rahman & Co. 2136 Shah Alam & Co. 0137 Shaha & Co. 6138 Shahadat Rashid & Co. 20139 S Q Khan & Co. 0140 S R Bose & Co. 15141 S R Islam & Co. 2142 Shiraz Khan Basak & Co. 3143 Syful Shamsul Alam & Co. 23144 T Hussain & Co. 6145 Tofayel Ahmed & Co. 0146 Toha Anwar Rouf & Co. 2147 Toha Khan Zaman & Co. 10148 Zahir Ahmed & Co. 2149 ZAHUR & MOSTAFIZ 1150 Zaman Hoque & Co. 40151 Zoha Zaman Kabir Rashid & Co. 24

Total 1903

Library Attendance August 2010Total Attendance was 1903 from the Chartered Accountants firms in the ICAB Central Library during the month of August 2010. The listis given below:


Professional Examination-IIICandidates who have passed

Sl # Reg # Name of Candidates Roll #1 11908 Monotosh Chandra Roy 60022 11604 Arafat Kamal 60063 5679 Subrata Gupta 60144 11560 Abhijit Gupta 60175 7908 Uzzal Debnath 60226 9724 Biplob Kanti Banik 60267 15726 Sujit Kumar Saha 60318 11411 Khadija Yeasmien 60469 14056 Zahir Ahmmad 604710 16296 Sk. Md. Tarikul Islam 605011 14960 Md. Kishlur Rahman 606412 9136 Md. Monjurul Ahmed 607513 14971 Md. Harun Or Rashid 609714 11686 Abdul Mannan 610415 10893 Azahar Ali 613716 11744 Md. Ali Akther Rezvi 614417 14033 Mohammad Aminul Haque 617018 14977 Mohammad Johirul Islam 617719 14167 Md Sirajul Haque 620920 13302 Abhijit Kumar Saha 621121 13279 Shamim Al Mamun 623222 4911 Md Zahidul Islam Khan 623923 7541 Kazi Mottakin Hossain 624124 12496 Md Forhad Hossain 624325 11555 Md Faruk Hossain 624426 12679 Ahmed Yusuf Mozadded 625027 13797 Al Amin Siddiki 625728 13578 Muhammad Mahbub Alam 626629 5359 Md Masudur Rahman 626730 14832 Md Didarul Alam 627231 15024 Md Shamsul Alam 629032 14830 Syed Ahmed 629333 9432 Md Mijanur Rahman 629734 14962 Mohammed Salah Uddin 629935 14829 Md Abu Kawsar 630436 13256 Anjan Kumer Roy 630837 7630 Md Shahidul Islam 630938 9692 Mohammad Masud Karim Majumder 631139 11288 Md Hasnat Sudruddin Roomi 631240 14211 Md Jahangir Azad 631541 14961 Nuruzzaman 6320

Professional Examination-IICandidates who have passed

Sl # Reg # Name of Candidates Roll #1 11127 Md. Ariful Islam 40242 14992 Rubiya Akter 40303 903 Bikash Chandra Dhar 40364 12450 H.M. Ashraf-Uz-Zaman 40475 10079 Mohammad Reza Hossain 40766 10872 Salma Begum 40777 15438 Imtiaz Alam 40788 12967 Mohammad Arif 40839 12027 Kazi Asif Iqbal Mohammad Shahidullah 408910 15347 Md. Nahid Ullah 409411 11120 Farooq Ahmmad Bhuya 409812 13381 Arjun Kumar Das 411513 11619 Md. Mahamud Alam 417614 10555 Mohammad Eklas Uddin 417815 13997 Sakhawat Hossain 420516 13588 Nizamul Islam 420717 11711 Satyajit Roy 422518 15274 Mohammad Ruhul Quddus 423519 13689 S. M. A. Salim 424720 11904 Mohammad Mokhlesur Rohman 426421 9738 Tahsinur Rahim 427522 12539 Md Aman Ullah 428023 16345 Tapan Bala Krishna 428124 16681 Nazia Islam 450425 4946 Md. Shawkat Ali Miah 450526 13335 Md. Saiful Hasan 452427 14493 Mantu Ranjan Paul 453328 16350 Masud Imran Joarder 453929 16341 Md Al Amin Juel 455730 16675 Md Yaqub Ali 457231 16489 Mahmudur Rahman 457632 16427 Nil Ratan Karmakar 458133 16680 Md. Manzoor-A-Quader 458334 16442 Muhammad Kamruzzaman 458535 15137 Md. Badrul Islam 458636 15636 Md. Siddiqur Rahman 459337 15942 Md Selim Reza 459738 16683 Muhammad Main Uddin 460439 16682 Yesmin Hosna 461040 16314 Lingkon Mondal 461541 16428 Md. Parvej Ahmed 4618

August - 2010 12

41 Qualify as Chartered Accountants in May-June 2010 CA Exam

5/5/ICAB-93- In pursuance of bye-law 123 of the Bangladesh Chartered Accountants Bye-laws 2004, the Council of the Institute ofChartered Accountants of Bangladesh (ICAB) has declared the following result of the Professional Examination III of the Institute heldin June 2010.


Sl # Reg # Name of Candidates Roll #42 16279 Md Farhan Ahmed 462043 16441 Muhammad Abidur Rahman 462844 14836 Md. Mazedul Islam 463145 16358 Sk. Ashik Iqbal 463646 16488 Moin Uddin Siddique 463947 16361 Md Shohel Rana 464248 16340 Salmaa Khan Mou 465149 15663 Miltan Bepari 465950 16095 Md Atikur Rahman 466451 16339 Swapan Mazumder 467052 4842 Syed Mohammad Shahidullah 467653 14393 Md. Shahin Miah 467754 6674 Mohammad Shahidul Islam 467855 5684 Md Sultan Mahmood 470856 12710 Mohammad Mohiuddin 471757 12641 Md. Monirul Islam Shamim 472258 15528 Md. Shah Amran 481959 6960 Abu Sayed Mojumder 482160 14434 Biddut Chandra Gupta 483261 10803 Sumon Dutta 485262 15362 Md. Tazul Islam 485463 14706 Ireen Khan Tamanna 486564 10026 Mohammad Golam Sarwar 486765 8767 Umme Salma 488366 13422 Md. Monjurul Islam 488767 7923 Md Shafequl Amin 488868 13506 Probir Kumar Paul 491969 12186 Md. Shaiful Alam 493170 11395 Mohammed Iftekharul Islam 494871 7309 Md. Munir Hossain 495872 12552 Mesbah Uddin 496873 14215 Aisha Siddiqua 499474 8502 Sheikh Jamal Uddin 499575 12437 Md. Abu Nafiz 499876 12807 Joly Rozario 501577 8265 Abul Kalam Azad 502078 12349 Prabhangshu Sarker 505779 14808 Md. Mijanur Rahman 510080 13056 Parymal Kumer Sarker 510181 7207 Mahbub Alam 510382 4803 Mohammad Ibrahim 510483 12197 Md. Didarul Islam 510584 14802 Manik Majumder 510685 14472 Uttam Kumar Saha 510786 10207 Mohammad Habibur Rohoman Mugumder 511087 14575 Imam Hossan 511188 12729 Ziaur Rahman Zia 511689 6604 Mohammad Abdur Rahim 511790 14834 Mohammad Omar Faruk 511891 11798 Baidda Nath Saha 511992 7742 Muhammad Moniruzzaman 5124

Candidates who have PassedProfessional Stage (Knowledge Level)

Sl # Reg # Name of Candidates Roll #1 17142 Mohammad Mahamudul Alam 252 16309 Sahadat Hossain 1613 17271 Sajib Sarkar 3734 17334 Tapash Kumar Shikder 3755 17333 Sujan Chandra Paul 3776 16999 Asaduzzaman Sikder 4037 17495 Md Ruhul Amin 4158 17499 Md Nasir Uddin 4239 17326 Md Abdul Ahad 45710 17289 Farhan Hyder 46011 16721 Muhammad Masum Billah 46512 17498 Ehsanul Karim 46813 16812 Md Mohsin 47114 17066 Tamara Hussain 50615 16632 Md liaul Alam 53716 17272 Md. Ezazullslam 62017 17304 Md. Shihabur Reza 62318 16387 Deenesh Kumar Raha 65019 16036 Shishier Kanti Das 82520 15883 Asaduzzaman 87221 16591 Nilufar Yesmin 92322 16017 Mohammad Monirullslam 187823 16042 Rubaiyath Ara 1978

Candidates who have Passed Either by Exemption or by Examination, all the Papers of Professional Stage

(Knowledge Level) Examination Except for Accounting*Sl # Reg # Name of Candidates Roll #1 16676 Sarker Nahidullslam 9292 16014 Md Sajed Hossen Chowdhury 9363 16360 Manish Kanti Sarkar 9934 16532 Abu Kamal Mohammod Pasha 12935 16285 Nirmal Roy 18106 16389 Tasnuva Ahmed 18207 15930 Swpan Chandra Das 19388 15188 Md Abdul Motin 19569 14910 Suman Das Dewan 227810 16684 Amanat Ahmed 2279

*The above candidates are required to successfully complete aconversion course on "Preparing Limited Company Accounts" tobe conducted by ICAB, failing which they will be required to passProfessional Stage (Knowledge Level) examination on Accounting,in order to pass Professional Stage (Knowledge Level) examinationin entirety.

August - 2010 13


August - 2010 14


Monotosh Chandra Roy Arafat Kamal Subrata Gupta Abhijit Gupta Uzzal Debnath

Biplob Kanti Banik Sujit Kumar Saha Khadija Yeasmien Zahir Ahmmad Sk. Md. Tarikul Islam

Md. Kishlur Rahman Md. Monjurul Ahmed Md. Harun Or Rashid Abdul Mannan Azahar Ali


August - 2010 15


Md. Ali Akther Rezvi Mohammad Aminul Haque Mohammad Johirul Islam Md Sirajul Haque Abhijit Kumar Saha

Shamim Al Mamun Md Zahidul Islam Khan Kazi Mottakin Hossain Md Forhad Hossain Md Faruk Hossain

Ahmed Yusuf Mozadded Md. Al Amin Siddiki Muhammad Mahbub Alam Md. Masudur Rahman Md. Didarul Alam


August - 2010 16

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: 880-02-8119399 E-mail: [email protected] Website: www.icab.org.bd

Chittagong: HBFC Building (3rd Floor), 1/D, Agrabad Com. Area, Chittagong, Bangladesh Tel: 880-31-724674 Fax: 880-31-813579 E-mail: [email protected] Chapter: Suite One, 2 Haydons Road, London SW19 1HL, United Kingdom Tel: 44-020 8544 1234 Fax: 44-020-8544 1400 E-mail:[email protected] American Chapter: 5 Massey Square, Suite-2519, Toronto, Ontario M4C 5L6, Canada Tel: 416-686 6760 Fax: 416-916 1091 E-mail: [email protected]


Md Shamsul Alam Syed Ahmed Md Mijanur Rahman Mohammed Salah Uddin Md Abu Kawsar

Anjan Kumer Roy Md Shahidul Islam Mohammad Masud Karim Majumder Md Hasnat Sudruddin Roomi Md Jahangir Azad

Nuruzzaman

Congratulations

to

Newly Qualified

Chartered Accountants

Congratulations

to

Newly Qualified

Chartered Accountants

august 2010 icab news bulletin keynote presentation said the accountants and the auditors could play...

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