number 312 world bank acknowledges icab’s … bangladesh (icab) and monitoring cell ......

Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh

ICABICAB NEWS BULLETINOctober 2015

Number 312

ISSN 1993-5366

CAB participated in dissemination workshop of the ‘Report on Bangladesh - Observance of Standards and Codes: Accounting and

Auditing’ organized by the World Bank on 25 October 2015 at Bangabandhu International Conference Center. ICAB President Masih Malik Chowdhury FCA who is also the Chairman of ROSC Steering Committee, delivered welcome address. World Bank Acting Country Director Christine E. Kimes also delivered welcome address on the occasion.

MA Mannan, MP , State Minister, Ministries of Finance and Planning graced the occasion as the Chief Guest. Practice Director of the World Bank Samia Msadek spoke on ‘Accountancy Profession in 21st century-branding the profession and go beyond Borders’ . WB Senior Financial Management Specialist Suraiya Zannath FCA presented the ROSC updates 2014.

The World Bank recommended that the key regulators of financial sector should enter into agreement to enhance their capacity for monitoring, supervising and oversight role to

ensure compliance with international best practices in financial matters.

The workshop is a part of package policy suggestions made by the World Bank through ROSC updates 2014.

The Speakers at the workshop urged the regulatory bodies like Office of the Registrar of Joint Stock Companies and Firms (RJSC), Bangladesh Securities and Exchange Commission (BSEC), Bangladesh Bank (BB), Insurance Development & Regulatory Authority (IDRA), Institute of Chartered Accountants of Bangladesh (ICAB) and Monitoring Cell of the Ministry of Finance and the National Board of Revenue (NBR) for close cooperation and communication for effective enforcement of the rules and regulations.

"Once a clear financial reporting and auditing framework for all sizes of companies is established and standards to be used are clearly defined, the immediate next action may be taken for an effective monitoring and enforcement mechanism," they suggested.

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World Bank Acknowledges ICAB’s achievements in ROSC (A&A) Updates

World Bank Acknowledges...Updates

41st SAFA Board Meeting

Pre-workshop on ROSC: Accounting and Auditing

ICAB Members and Senior Staff... Strategy

President’s Communi-cation October 2015

MIA International Accounting... Malaysia

CRC organized CPD Seminar... Act 2015

ICAEW Representative visits ICAB

Campus News

Congratulations !

World Bank Representa-tives Visit ICAB 12

Member Achievement

Training on "Prepara-tion... Officials

Workshop on “Writing Skills” for Members

CA Firms participated in Face to... Laundering

Members’ Conference on Finance... Regulations

21st Council Meeting of ICAB

MA Mannan, MP, State Minister, Ministries of Finance and Planning delivering speech. From left ICAB President Masih Malik Chowdhury FCA, World Bank Practice Director Samia Msadek, Acting Country Director Christine E. Kimes and Senior Financial Management Specialist Suraiya Zannath also seen on the dais

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October 2015 No. 312

Speaking as the Chief Guest, State Minister Mr. Mannan laid emphasis on professional integrity, transparency, accountability, proper presentation of financial statements for ensuring an appropriate development of Bangladesh's economy.

He said "This is high time for development of the country. Accounting professionals can play a vital role at this moment in accelerating the ongoing development process. Let us work together for progress of the country,"

Masih Malik Chowdhury said Bangladesh has successfully implemented a number of key policy recommendations from the 2003 ‘ROSC: Accounting and Auditing’ . Most of the policy recommendations for strengthening the accountancy profession have been implemented by ICAB with the assistance of ICAEW, he added.

He said the Financial Reporting Act has already been enacted and "we should focus on the post-FRA regime in terms of a functional and effective FRC and mutually collaborative role of all the stakeholders to achieve the intended results".

He mentioned that in 2003 the first ROSC on Accounting and Auditing was issued in Bangladesh. Since then many significant changes have been taken place in ICAB which included upgrade of ICAB curriculum, education system to world class by adopting ICAEW’s syllabus and examination system and the study materials, a strategy plan 2008-17 covering some strategic goals, fully compliant with high standards in consonance with requirements of IFAC, etc., he elaborated.

He informed that without compromising the quality, the number of CA professionals have been increasing at an higher pace. This resulted from quality intake and improved curriculum, education & examination system, he added.

ICAB Center for Professional Excellence has been providing quality training on various professional issues to the students & the Members and other stakeholders, he said.

Mr. Chowdhury also informed that IFAC lauded ICAB’s role towards compliance program on IFAC Statements of Membership Obligation (SMOs) covering quality assurance, education, IFRS, ISA, IPSAS, Code of Ethics and professional conduct.

Having had significant success in many folder, ICAB is yet on the route to achieve excellence, he said. However, the 2014 ROSC updates recognized and appreciated ICAB's firm progress in terms of education, training, setting standards, quality assurance, professional conduct, etc. It also identified few untapped areas where ICAB needs to concentrate immediately.

This includes the need to attract sufficient number of high-quality graduates to the profession, insufficient quality training facilities, CPD programs, low pass rate, demand-supply gap for accountants, deficiency in expected quality in audit services provided by audit practitioners, etc.

The 2014 ROSC Updates has given some specific recommendations for ICAB like developing a well-defined strategy and regulatory framework for the accountancy and audit profession, improving the professional education and training, ensuring effective CPD for members specially for those who are in public practice, increasing the number of qualified accountants and improving quality and capacity of the auditors, etc. Also it recommended for capacity building of the professional accountants to meet the evolving enforcement and governance in both the public and private sectors.

The WB Acting Country Director laid emphasis on increasing chartered accountants to maintain pace with the country's demand.

41st SAFA Board Meeting

As Member of SAFA Board ICAB President Masih Malik Chowdhury FCA and Technical Adviser Md. Syful Islam FCA are seen in 41st SAFA Board Meeting hosted by ICMAB at Pan Pacific Sonargaon Hotel on 18 October 2015. Few other Members of the Board are also seen in the picture.

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October 2015No. 312

re-workshop on ‘Bangladesh

Report on the Standards and

Codes: Accounting and Auditing

(ROSC A&A)’ was held at Hotel Sarina,

Dhaka on 23 October 2015. Under the

heading of “Strengthening the

Profession, Education, Training and

Audit Quality”, an overview of the

workshop was given by Fily Sissoko,

Practice Manager for the Public

Resource Management and

Mobilization, World

Bank. He also chaired

the workshop.

Suraiya Zannath

FCA, Sr. Financial

M a n a g e m e n t

Specialist, World

Bank made a

presentation on ‘Strengthening the

Profession, Education, Training and

Auditing Quality’ and

Patrick Kabuya, Sr.

Financial Management

Specialist, World Bank

gave another

presentation on ‘Global

Perspective - Sharing

Experience from other Countries’. Then

an open discussion was held where

ICAB Vice President AF Nesaruddin

FCA made a brief presentation on

initiatives taken by ICAB for capacity

building of the Members. ICAB President,

representatives from different CA Firms

were also present in the workshop.

PPre-workshop on ROSC: Accounting and Auditing

ICAB Members and Senior Staff

participated in a day-long workshop on

‘Integrity Practices & Strategy’

organized by Bangladesh Public

Administration Training Centre

(BPATC) at its premises on 17 October

2015. BPATC organized the workshop

as part of National Integrity Practices &

Strategy Plan 2015. BPATC Rector

who is also Secretary to the

Government, AKM Abdul Awal

Mazumder inaugurated the workshop.

ICAB President Masih Malik

Chowdhury FCA delivered the

concluding address at the end of the

workshop.

ICAB President urged the Members

to use the knowledge infused from

this workshop in their day to day

work. He thanked the BPATC for

giving access of ICAB Members to

the workshop. He expected that

BPATC would continue its support in

future. Another such workshop for

ICAB Members will be held in next

month.

ICAB Vice President AF Nesaruddin FCA and Council Member Gopal Chandra Ghosh FCA also spoke on the occasion.

ICAB Members and Senior Staff participated in BPATC Day-long Workshop on Integrity Practices & Strategy

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Dear Fellow Members,

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Assalamu Alaikum and Greetings to

you all

Since my assumption of Presidency,

my responsibilities have not come

only with opportunities but I had to

confront many challenges. I took

these challenges as means of

opportunities devoted for the

betterment of the profession. I

believe failure would come but also

every problem is an opportunity to an

optimist. Indeed, I am an optimist.

Optimistically we have reached to

our collective goals together as

envisaged in the Strategic Action

Plan 2015 overcoming many of the

challenges. Exception has

happened on the issue of FRA. It

however revolved on my year from

the past. The outcome, however did

not match with our expectation.

Having had significant successes in

many folds, ICAB is yet on the route

to achieve excellence. It made

eventful progress in terms of

education, training, setting

standards, quality assurance, IT,

infrastructure, management,

professional conduct and in other

relevant areas. We have also

identified untapped areas wherefrom

more concentration for enhancing

the reputation of the Institute were

urged.

Government and other bodies like

Bangladesh Bank, World Bank,

IDRA, BAPLC, BTCL etc

enthusiastically came forward for

joint collaboration in professional

development through trainings &

workshops. The World Bank and the

Ministry of Finance have contributed

significantly towards ICAB’s effective

President’sCommunicationOctober 2015

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5

October 2015No. 312

professional upliftment in both public

& private sectors’ accounting &

auditing. Bangladesh Public

Administration Training Centre

(BPATC) trained our members on

Integrity Practices & Strategy which

are very relevant in both social &

service practices. I believe the

members have been greatly

benefited through such training.

Another session of the training by

BPATC for the ICAB members is on

the card. In all likeliness next month

we would arrange the training. The

flow will continue in following

months.

ICAB has been relentlessly putting in

all out efforts to perform increasingly

better for delivering the intended

results. From this year, work is going

to bring ICAB’s information and

operational services under

full-fledged integrated digital

system(ERP). This would be

completed in five phases concluding

in 2016. CA examination result has

started to be published in Log-in

System in ICAB website. ICAB new

academic campus, renovated library,

modernization of 7th floor for ICPE for

trainings, Members’ Lounge and

DRC rooms have been completed.

Introduction of Bio-metric

attendance for students & the

employees, etc have virtually added

a fresh vow to the day to day

accountability in the functions of the

Institute. Monitoring of operational

jobs of the Institute has been

strengthened through holding one

ManCom meeting in a month. Two

Member Secretaries of Council

Sub-Committees meetings were

also held in every month. The

meetings contributed largely in

getting more transparency &

accountability of ICAB Management

& their respected departmental

performance vis-à-vis Strategic Plan

2015.

Let me update you, all the members about our activities during the month of October 2015:

ICAB’s participation in workshop of ROSC (A&A) 2014

Vice Presidents, Council Members &

the Members of the Institute

participated in a day long

dissemination workshop of the

‘Report on Bangladesh -

Observance of Standards and

Codes: Accounting and Auditing’

organized by the World Bank on 25

October 2015 at Bangabandhu

International Conference Center. As

ICAB President & the Chairman of

ROSC Steering Committee, a

succinct welcome speech was also

delivered by me.

The presence of hon’ble State

Minister, Ministries of

Finance and Planning M A Mannan,

MP, had illuminated the occasion

immensely. Practice Director of the

World Bank Samia Msadek spoke

there on ‘Accountancy Profession in

21st century-branding the profession

and go beyond Borders’. WB Senior

Financial Management Specialist

Suraiya Zannath presented ROSC &

its updated reports 2014. Both the

presentations were illuminating &

vivid, depicting the present scenario

of accountability & transparency of

the financial sectors in national and

international areas.

Speakers urged to the key regulators

like Office of the Registrar of Joint

Stock Companies and Firms

(RJSC), Bangladesh Securities and

Exchange Commission (BSEC),

Bangladesh Bank (BB), Insurance

Development & Regulatory Authority

(IDRA), Institute of Chartered

Accountants of Bangladesh (ICAB)

and Monitoring Cell of the Ministry of

Finance and the National Board of

Revenue (NBR) for close

cooperation among them . It also

stressed for communication for

effective enforcement of rules &

regulations to ensure a better

corporate environment.

The WB Acting Country Director laid

emphasis on increasing number of

Chartered Accountants to maintain

pace with the country's development

needs. Dr. Javed Siddique, Sr.

Lecturer, Manchester Business

School, UK has penned off an

excellent presentation titled Audit

Profession Regulation: Challenges

& Way Forward. This was presented

by him very eloquently and earned

instant laurels from the floor. The

presentation divulged the true

picture of FRC & the audit profession

of the country. My special thanks are

due for Dr. Siddique. Thereafter in

the following open discussion, ICAB

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senior members have actively

participated. They put various

opinions on FRA. Such workshop

would benefit the ICAB, it is greatly

expected. I also record my deep

appreciation to the World Bank and

its team for that matter.

Pre-workshop on ROSC A&A

Before the above day long

workshop at BICC, a pre-workshop

on ‘Bangladesh Report on the

Standards and Codes: Accounting

and Auditing (ROSC A&A)’ was held

at Hotel Sarina, Dhaka on 23

October 2015. Under the heading of

‘Strengthening the Profession,

Education and Training and Audit

Quality’, an overview of the session

was given by Mr. Fily Sissoko,

Practice Manager for the Public

Resource Management and

Mobilization, World Bank. He was

also the chair of the session.

Ms. Suraiya Zannath and Mr.

Patrick Kabuya Sr. Financial

Management Specialists, World

Bank delivered presentations in the

pre-workshop discussion. ICAB

Vice President Mr. AF Nesaruddin

FCA has made a brief presentation

on initiatives taken by ICAB for

capacity building of the members of

the Institute. Along with the

representatives from different CA

Firms, I was also present there to

see the proceedings of the

preparatory steps of the workshop. I

had also the opportunity to put

remarks at the beginning & making

a concluding address.

BPATC workshop on Integrity Practices & Strategy

For the first time, Bangladesh

Public Administration Training

Centre (BPATC) offered our

Members’ access to a daylong

workshop on ‘Integrity Practices &

Strategy’ on 17 October 2015 along

with Associate Professors of Govt.

Colleges. BPATC Rector, who is

also a Secretary to the Government

Mr. AKM Abdul Awal Mazumder

inaugurated the workshop. At the

end of the workshop I delivered a

concluding address. Vice President

Mr. AF Nesaruddin FCA was

present.

The knowledge infused into

members from this workshop would

be useful for them in their day to day

work. Another such workshop would

be held in next month while few will

follow in queue. ICAB is really

grateful to BPATC for coming up to

fulfill the needs of the Institute.

BPATC would continue its support

in future, I expect.

Training on "Preparation of Accounts in Modern Commercial Accounting System" for BTCL officials

After conducting trainings for

Bangladesh Bank Officials & IDRA,

ICAB Centre for Professional

Excellence has organized a training

on "Preparation of Accounts in

Modern Commercial Accounting

System" for Officers & Staff of

Bangladesh Telecommunications

Company Limited (BTCL)" starting

from 11 October 2015 at CA

Bhaban. Inaugurated by Dr. Abu

Sayed Khan FCA, Member Council,

the training was graced by the

presence of Vice President (E&T)

Mr. AF Nesaruddin FCA & Secretary

Mr. AKM Rahmat Ullah FCA. I

extend my enormous gratitude &

thanks to M/s Fouzia Haque FCA ,

Ashraf-Uz-Zaman Ali ACA, Ismat

Jahan ACA, Sk. Md. Tarikul Islam

ACA, Dr. Abu Sayed Khan FCA,

Md. Kishlur Rahman ACA,

Mohammad Salahuddin

Chowdhury ACA, Anika Sultana

ACA who were the resource

persons for the training. The

classes were illuminated greatly by

the dissemination of knowledge

from them, Bravo!

Workshop on "Writing Skills"

ICAB Centre for Professional

Excellence (ICPE) at CA Bhaban on

31 October 2015, had organized a

workshop on Professional Writing

Skill. This would enhance the

capacity of our Members to

communicate effectively with the

clients and the service receivers.

With this point of view ICPE

arranged this workshop for our

members. We all know that writing

skill is an essential communication

tool. It should be precise,

purposeful & need driven and

appropriate in the particular

business environment. This course

provided guidelines and

opportunities to practice effective

business writing. The Facilitators of

the workshop were Mr. Jishu

Tarafder, Professional Trainer, CEO

7

October 2015No. 312

& Chief Consultant,

CORPORATECOACH , Mr. Moinul

Islam, General Manager-HR, ACI

Limited and Ms. Humaira Sharmeen,

Managing Editor, The Bonik Barta. I

have placed on record my grateful

thanks & appreciation to them for

their role throughout the event as

Facilitators in my address.

41st SAFA Board Meeting in Dhaka

As SAFA Board Member I along with

Technical Adviser Md. Syful Islam

FCA have participated in 41st Board

Meeting of South Asian Federation

of Accountants (SAFA) at Hotel Pan

Pacific Sonargaon, Dhaka on 18

October 2015. The Heads & the

Representatives from different

accounting bodies of SAFA have

participated in the meeting hosted by

ICMAB.

MIA International Accounting Conference, Malaysia

ICAB Vice President Kamrul Abedin

FCA accompanied me during the

visit in Malaysia and participated in

MIA International Accounting

Conference 2015. It was organised

by Malaysian Institute of

Accountants (MIA) on 26-27 October

2015 at Kuala Lumpur Convention

Centre, Kuala Lumpur, Malaysia.

The conference has made a unique

convergence of leaders of

accounting profession from different

bodies around the world. Plenary &

discussion session on various

professional issues were held and

the speakers from different national

and international bodies presented

the key-note papers in those 16

sessions. Delegates of 30 countries

& MIA totaled to 2807 were present

in the Conference.

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

October 2015:

Standing Committees:

- 7th Meeting of the Investigation &

Disciplinary (IDC) Committee

was held on 03 October 2015 at

11:00 am.

- 4th Meeting of the Executive

Meeting was held on 08 October

2015 at 3:30 pm.

- 21st Council Meeting (Urgent)


5:00 pm.

- 5th Meeting of the Technical &

Research Committee (TRC) was

held on 12 October 2015 at 5:30

pm.

- 22st Council Meeting (Urgent)


5:00 pm.

- 8th Meeting of the Investigation &

Disciplinary (IDC) Committee


10:30 am.

Non-standing Committees:

- 4th Meeting of the Members Services & Welfare Committee (MSWC) was held on 07 October 2015 at 6:00 pm.

- 5th Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 15 October 2015 at 6:00 pm.

- 6th Editorial Board (EB) Meeting was held on 26 October 2015 at 6:00 pm.

- 4th Meeting of the Professional Development & Implementation Committee (PDIC) was held on 28 October 2015 at 6:00 pm.

Standing and Non-standing Sub-committees:

- 4-Members Sub-committee meeting of the Examination was held on 04 October 2015 at 6:30 pm.

- 8-Members Sub-committee meeting of the Council was held on 05 October 2015 at 5:30 pm.

- 4-Members Sub-committee meeting of the Examination was held on 21 October 2015 at 6:00 pm.

- 7th Members Sub-committee meeting of Members Services & Welfare Committee (MSWC) was held on 29 October 2015 at 6:00 pm

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With gratitude & best regards!

Masih Malik Chowdhury FCA President

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Chittagong Regional Committee (CRC) organised a CPD Seminar on "Financial Reporting Act 2015" on 24 October 2015 at the Conference Hall of ICAB-Chittagong Regional Office, Chittagong.

Masih Malik Chowdhury FCA, President, the Institute of Chartered Accountants of Bangladesh (ICAB) was present as the Chief Guest. Showkat Hossain FCA, Past President and Council Member-ICAB & Resident Partner, Hoda Vasi Chowdhury & Co., Chartered Accountants conducted the Seminar as Session Chairman. Other office bearers A F Nesaruddin FCA, Kamrul Abedin FCA and Nasim Anwar FCA, Vice-Presidents, ICAB were present as Special Guests. Mohammad Saif Uddin CISA, FCA, Chairman, CRC presented the keynote paper in the program.

CAB President Masih Malik Chowdhury FCA and Vice President Kamrul Abedin FCA participated in MIA

International Accounting Conference 2015 organised by Malaysian Institute of Accountants (MIA) on 26-27 October 2015 at Kuala Lumpur convention centre, Kuala Lumpur, Malaysia.

The Conference has made a unique convergence of leaders of accounting profession from different bodies around the world. It was divided into four plenary sessions; Plenary-one, the discussion topic was 2016 ‘Economic Outlook & AEC’, Plenary -two, topic was

‘Driving Tomorrow’s Business Success’, Plenary-3 on ‘Post- Implementation of GST: Managing Issues and Challenges’ and Plenary-4, the topic was “Through the Lens of the Iron Lady”.

Concurrent sessions on different professional issues were also held and the speakers from different national and international

bodies presented the Key-note papers in those 16 sessions.

MIA International Accounting Conference in Malaysia

CRC organized CPD Seminar on Financial Reporting Act 2015 ICAEW Representative Justin West, Head of New

Business Development visited ICAB on 19 October 2015.

He held a meeting with an ICAB team at Mini Conference

Room of the Institute. Under a mutual collaboration with

ICAEW, they discussed about various professional matters

including agreement for World Bank project, signing of

revised MoU, Taxation-II examination conducted for

Members (ICAEW candidates) with a view to get credit

from ICAEW Business Planning Taxation subject.

The team members of ICAB included Vice Presidents AF

Nesaruddin FCA, Kamrul Abedin FCA, Secretary AKM

Rahmat Ullah FCA, Director (Technical) Mahbub Ahmed

Siddique FCA, Senior Deputy Director (PC) Md. Saiful

Islam ACA.

ICAEW Representative visits ICAB

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October 2015No. 312

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. The classes for these batches will be end by 29 November 2015. There are 512 students have been enrolled and 133 teachers to be engaged for the Class Session: September-November 2015.

As a result, the cumulative number of participated students of ICAB under new curriculum has come to 9,476 till October 31, 2015.

On the other hand, a- new session for the students of Professional Stage- Knowledge Level (13th Batch) will begin 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 for registration on Wednesday, 21 October 2015 at Campus. Students intending to attend the special classes will be required to enroll/register their names on or before 04 November 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.

Moreover, the class-enrolment for Special Classes on Case Study of Advanced Stage students is in progress, and the last date for registration has been given there up to 04 November 2015.

Meanwhile, the refurbishments of ICAB New Academic Campus at 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar, Commercial Area, and Dhaka-1215 has been mostly done, and the rest of the works will be completed by November 2015.

The Programme and Session have been organised by the Additional Director & a Team at ICAB Academic Campus under the supervision of ICAB President Masih Malik Chowdhury FCA, Vice President (Education & Training) A F Nesaruddin FCA with the consent and guidance of Chairman of Board of Studies ABM Azizuddin FCA and Co-chairman and Council Member & Past President 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 ACA

Mr 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

10


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 in the classes by 10 November 2015 at ICAB New Academic Campus.

Source: ICAB Campus

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 FCA

Mr Md Zahurul Islam ACA

Mr Md Abdullah-Al-Amin ACA

Mr Nazmul Hussain Siddique ACA

Name of Resource Persons(Sections- A-D of PS-AL-11th Batch)

Mr Mohammed Tofazzul Hussain 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 FCA

Mr Ranjan Kumar Bhowmik FCMA

Mr Md Reajul Islam FCA

Mr Imtiaz Lutful Baset FCA

Mr Md Selim Reza FCAMr 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 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 Mohammad Mehdi Hasan FCA

Mr Mohammed Forkan Uddin FCA

Mr Anwaruddin Chowdhury FCA(GT)

Mr Sabbir Ahmed 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 FacultiesMr. 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

11

October 2015No. 312

Admission as FellowsThe following members have been admitted as Fellows of the Institute with effect from the dates mentioned against respective names:

Name Effective Date

Mr. Mohammad Aminul Haque FCA (1158) 29 August 2015Chief Financial Officer (CFO) &Sr. Assistant Vice President Financial Control & Accounts Division South East Bank Ltd.Eunus Centre (Level-2)52-53 Dilkusha Com. Area Dhaka-1000

Mr. Shamim Al Mamun FCA (1159) 29 August 2015Lanka Bangla Finance Ltd.Safura Tower (Level-11)20 Kemal Ataturk AvenueBanani, Dhaka

Mr. Abdul Mannan FCA (1156) 30 August 2015PFI Tower (6th floor)56-57, Dilkusha Com. Area Dhaka-1000

Mr. Md. Al Amin Siddiki FCA (1164) 30 August 2015Prime Properties Ltd.ZN Tower, Plot #2, Road #8 Gulshan Avenue Gulshan-1Dhaka-1212

Mr. Muhammad Mahbub Alam FCA (1167) 31 August 2015DGM (A&F), Anwar Group Baitul Hossain Building (14th floor)27, Dilkusha Com. Area Dhaka-1000

Ms. Khadija Yeasmien FCA (1160) 31 August 2015Flat #D1, 14 Udoy Green Green Square Green Road, Dhaka

Mr. Md. Hasnat Sudruddin Roomi FCA (1157) 03 September 2015House #14, Road #03Sector #6 Uttara, Dhaka-1230

Mr. Uzzal Deb Nath FCA (1176) 06 September 2015Dhaka Trade Centre (11th Floor)99, Motijheel Com. AreaDhaka-1215

Name Effective Date

Mr. Anjan Kumer Roy FCA (1175) 06 September 201533, Shah Ali Tower (13 floor)Kawran BazarDhaka-1215

Mr. Abhijit Kumar Saha FCA (1170) 09 September 2015Eastern Garden, Flat #2/301, 3rd Floor 70/1, Indira RoadFarmgate, Tejgaon Dhaka-1215

Mr. Monotosh Chandra Roy FCA (1179) 09 September 2015DGM (Accounts)S. Alam GroupS. Alam Bhaban2219, AsadgonjChittagong

Mr. Jahangir Azad FCA (1181) 09 September 201513/1, TallabaghSukrabad (1st Floor)Dhaka-1217

Mr. Md. Masudur Rahman FCA (1162) 10 September 2015K M Alam & Co.,Chartered Accountants 46, Mohakhali C/A Dhaka-1212

Mr. Biplob Kanti Banik FCA (1173) 10 September 2015CFO & Company Secretary KDS Accessories 191-192 Baizid Bostami Road NasirabadChittagong

Mr. Azahar Ali FCA (1182) 10 September 2015Country Financial Controller Concern Worldwide House #15, SW (D)Road #07, Gulshan-1 Dhaka-1212

Mr. Md. Ali Akther Rezvi FCA (1183) 13 September 2015Manager (Audit, Tax and Advisory) Rahman Rahman Huq Chartered Accountants 9, Mohakhali C/A (11th &12th Floor) Dhaka-1212

Congratulations!

12


Member AchievementSarwar Hossen

Obtained CIMA-UK Degree

Md. Sarwar Hossen FCA (Enrollment No. 1077) has recently obtained the CMA degree of the Chartered Institute of Management Accountants (CIMA)-UK. As a Member of ICAB, he availed exemption of eleven subjects. He sat for the Gateway and the examination for three subjects of the Strategic Level and finally the Case Study and qualified in December 2014. He obtained the Membership in July 2015.

At present, he is working as the Group Chief Financial Officer of Biopharma Limited. He is also a Faculty Member of ICAB. Congrats !

Practice Director of World Bank Samia Msadek,Practice Manager Fily Sissoko and Senior Financial Management Specialist Suraiya Zannath FCA visited ICAB on 26 October 2015. ICAB Vice President AF Nesaruddin FCA, Secretary AKM Rahmat Ullah FCA, Director (Technical) Mahbub Ahmed Siddique FCA, Senior Deputy Director (PC) Md. Saiful Islam ACA and a Senior Member of the Institue were present during the visit.

Name Effective Date

Mr. Mohammad Moniruzzaman FCA (1143) 17 September 2015House #257, Road #01, Ward #8 Narayangonj City CorporationNarayangonj

Mr. Md. Monjurul Ahmed FCA (1161) 30 September 2015Head of Disbursement Asian Development Bank (ADB)Plot #E-31, Sher-e-Bangla Nagar Dhaka-1208

Mr. Abhijit Gupta FCA (1185) 01 October 2015Head of Internal Audit BRAC International BRAC Centre75, Mohakhali, Dhaka-1215

Mr. Arafat Kamal FCA (1184) 01 October 2015DGM & Company Secretary GPH Ispat Ltd.325, Asadgonj Chittagong

Mr. Md. Harun Or Rashid FCA (1187) 03 October 2015Senior Manager (Accounts & Finance)Abul Khair Steel Ltd.D.T Road, PahartoliChittagong

Mr. Kazi Mottakin Hossain FCA (1180) 05 October 2015STS GroupHouse #8/A, Road #143 Gulshan-1, Dhaka-1212

Name Effective Date

Mr. Md. Mahbub Hasan FCA (1190) 07 October 2015Financial Reporting Manager Finance and Planning Department ACI Ltd. ACI Centre,245, Tejgaon Industrial AreaDhaka-1208

Permission to Start PracticeThe following member has been permitted to Start Practice as Public Accountant with effect from the date mentioned against his name:

Name Effective Date

Mr. Md. Shamsur Rahman FCA (941) 01 October 2015PartnerNurul Faruk Hasan & Co.,Chartered AccountantsJHK Windcel, Eastern Block, Level-4KA-90, Pragoti Sarani (Bishwa Road)Dhaka-1229

New Address of CA FirmName Effective Date

M/s. S.R. Islam & Co., 01 September 2015Chartered Accountants122/A, Azimpur Road (Ground Floor)Chaina Building LaneDhaka-1205

Source: Secretariat-ICAB

World Bank Representatives Visit ICAB

13

October 2015No. 312

CAB Centre for Professional Excellence has organized training on

"Preparation of Accounts in Modern Commercial Accounting System" for Officers/ Staff of Bangladesh Telecommunications Company Limited (BTCL) at CA Bhaban on 11 October 2015.

Dr. Abu Sayed Khan FCA, Member Council inaugurated the training. Vice President (E&T) AF Nesaruddin FCA

and Secretary AKM Rahmat Ullah FCA were also present.

Fouzia Haque FCA, Ashraf-Uz-Zaman Ali ACA, Ismat Jahan ACA, Sk. Md. Tarikul Islam ACA, Dr. Abu Sayed Khan FCA, Md. Kishlur Rahman ACA, Mohammad Salahuddin Chowdhury ACA and Anika Sultana ACA were the resource persons. The topics covered basic knowledge regarding double entry & accrual basis of

I

Training for BTCL Officials on “Preparation of Accounts in Modern Commercial Accounting System”

ICAB Centre for Professional Excellence (ICPE) organized a workshop on "Writing Skills" for Members of the Institute at CA Bhaban on 31 October 2015.

Professional writing is an essential communication tool and it should be precise, purposeful, need driven & appropriate in the particular business environment. This course provides guidelines and opportunities to practice effective business writings. Topics include reports, electronic , communication, memos, CVs, and other written forms of business communication. Utilization of appropriate electronic communication (email) practices and protocol, etc. were also discussed.

Techniques for effective communications including identifying and planning of documents for business/ organizational requirements, determining audience and purpose, determining format, structure and key points in the document, etc. were also discussed.

Jishu Tarafder, Professional Trainer, CEO & Chief Consultant, CORPORATECOACH, Moinul Islam, General Manager-HR, ACI Limited and Humaira Sharmeen, Managing Editor, The Bonik Barta were the facilitators of the workshop.

Workshop on “Writing Skills” for Members

CA Firms participated in Face to Face Meeting on Money

Laundering Regarding onsite visit by Asia Pacific Group on Money Laundering about mutual evaluation of Bangladesh, representatives Md. Raghib Ahsan FCA from Syful Shamsul Alam & Co ., Chartered Accountants and Syed Mahmud Ahmad FCA from Masih Muhith Haque & Co., Chartered Accountants participated in Face to Face meeting at Bangladesh Bank to discuss on the measures for preventing money laundering & terror financing in Bangladesh. Representatives from ministries, government organizations, divisions and private sectors also participated in the meeting.

accounting system, preparation of voucher & journal, preparation of bank reconciliation statement, etc.

14


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

Chittagong Regional Committee: Chairman Mr. Mohammad Saif Uddin FCA, HBFC Building (3rd Floor), 1/D Agrabad Commercial Area, Chittagong, Bangladesh, Tel: +880-31-724674, Fax: 880-31-2523579, E-mail: [email protected] Chapter: Chairman Mr. AKM Fazlur Rahman FCA, 77, Valleyfield Road, Streatham, London SW 16 2HX UK, Tel: +44 20 86822905, Fax: +44 2087676097, E-mail: [email protected] American Chapter: Chairman Mr. AKM Asaduzzaman FCA, 54 Pharmacy Avenue, Scarborough, ON M1L 3E5, Canada, Tel: +41 64395557, E-mail: [email protected]

embers’ Conference on “An

Analytical Study of Significant

Amendments made by the Finance

Act, 2015 and SROs Thereunder on

Income Tax and VAT Regulations”

was held on 31 October 2015 at ICAB

auditorium. ICAB Past President &

Managing Partner of Hoda Vasi

Chowdhury & Co., Chartered

Accountants Abul Khair Chowdhury FCA presented the

Keynote paper. ICAB Past President A. N. Altaf Hussain

Members’ Conference on Finance Act-2015, Income Tax and VAT Regulations

M

Schedule of Trainings and Workshops in November

The tentative schedule of the ICPE organised Trainings and Workshops in November 2015 are furnished below:

Sl. No. Title Date Venue

1. Closing of BTCL Training

01 November ICPE (7th Floor)

2.Advanced Excel and Financial Modeling

11-13 November

ICPE (7th Floor)

3.

Workshop on Effective Communication Skills

BPATC, Savar, Dhaka

4. Workshop on MS Project

21 November ICPE (7th Floor)

14 November

21st Council Meeting of ICAB

ICAB President Masih Malik Chowdhury FCA presiding over the 21st Council Meeting of ICAB at its Council Hall on 10 October 2015. As part of regular activities of the Institute, the Meeting discussed various professional issues.

Siddiqui FCA moderated the Conference as Session

Chairman. The Key-note paper which was presented in

the Conference mainly focused on amendments of

Excises and Salt Act (#1) 1944, amendments on Income

Tax Ordinance (# 36) 1984, VAT Law Changes, the

Finance Act (# 10) 2015 and amendments to Rules of

the Income Tax Rules 1984 through SRO

#192-Law/Income tax/ 2015, dated 30 June 2015. A

large number of ICAB Members participated in the

Conference, held belatedly.A partial view of the Audience

number 312 world bank acknowledges icab’s … bangladesh (icab) and monitoring cell ......

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