M r. Nasir Uddin Ahmed FCA was elected President for the year 2009 and Mr. Showkat Hossain FCA, Mr. Md. Syful Islam FCA and Mr. Md. Shahadat Hossain FCA were elected Vice Presidents for the same tenure of the Institute of Chartered Accountants of Bangladesh (ICAB) in a meeting of the Council-ICAB held on 27 December 2008. Mr. Ahmed was introduced in the 36th Annual General Meeting (AGM) of the Institute held under the Chairmanship of Mr. Md. Humayun Kabir FCA, President-ICAB. Mr. Ahmed was Vice President of ICAB for the year 2003 and 2004. Mr. Ahmed is the Finance Director of Coats Bangladesh Ltd., a British multinational company in Bangladesh. He is also a government nominated Director of Bangladesh Commerce Bank Ltd. Mr. Ahmed has a brilliant academic and professional career. He obtained first class in B.Com (Hons) in Accounting from Dhaka University in 1981 and passed M.Com in Accounting from the same University. He attended various training courses at top business schools abroad. Mr. Ahmed qualified as Chartered Accountant from ICAB in November 1986. He was awarded ICAB Medal (Silver) in CA intermediate examination in May 1985. He has been closely associated with various academic activities of December 2008 Monthly News briefing from the Institute of Chartered Accountants of Bangladesh ICAB News Bulletin No. 230 Nasir U Ahmed Elected President-ICAB for 2009 MEMBER OF: International Federation of Accountants (IFAC) International Accounting Standards Board (IASB) South Asian Federation of Accountants (SAFA) Confederation of Asian and Pacific Accountants (CAPA) In This Issue p Nasir U Ahmed Elected President-ICAB for 2009 p SEC Chairman Emphasised on the Appropriate Application of IFAC Code of Ethics p Awards Given by ICAB for Best Published Accounts and Reports 2007 p ICAB organizes Award Giving Ceremony to the Brilliant Children of Members p Annual Dinner of ICAB p Obituary p Meetings and Programmes held in the Month of December 2008 p IFAC News p Office Bearers of CRC- ICAB Elected for 2009 p Admission as Associate p Admission as Fellows p Permission to Start Practice p ICAB 36th Annual General Meeting held Showkat Hossain FCA Md Syful Islam FCA Md Shahadat Hossain FCA Vice President Vice President Vice President Nasir Uddin Ahmed FCA President ISSN 1993-5366
Transcript
Mr. Nasir UddinAhmed FCA waselected President
for the year 2009 and Mr.Showkat Hossain FCA, Mr.Md. Syful Islam FCA and Mr.Md. Shahadat Hossain FCAwere elected Vice Presidentsfor the same tenure of theInstitute of CharteredAccountants of Bangladesh(ICAB) in a meeting of theCouncil-ICAB held on 27December 2008. Mr. Ahmedwas introduced in the 36th Annual General Meeting(AGM) of the Institute held under theChairmanship of Mr. Md. Humayun Kabir FCA,President-ICAB. Mr. Ahmed was Vice President ofICAB for the year 2003 and 2004. Mr. Ahmed isthe Finance Director of Coats Bangladesh Ltd., a
British multinational companyin Bangladesh. He is also agovernment nominatedDirector of BangladeshCommerce Bank Ltd.Mr. Ahmed has a brilliantacademic and professionalcareer. He obtained first classin B.Com (Hons) inAccounting from DhakaUniversity in 1981 and passedM.Com in Accounting from
the same University. Heattended various training
courses at top business schools abroad. Mr. Ahmed qualified as Chartered Accountantfrom ICAB in November 1986. He was awardedICAB Medal (Silver) in CA intermediateexamination in May 1985. He has been closelyassociated with various academic activities of
December 2008
Monthly News briefing from the Institute of Chartered Accountants of Bangladesh
ICAB News BulletinNo. 230
Nasir U Ahmed ElectedPresident-ICAB for 2009
MEMBER OF:
International Federation ofAccountants (IFAC)
International AccountingStandards Board (IASB)
South Asian Federation ofAccountants (SAFA)
Confederation of Asianand Pacific Accountants(CAPA)
ICAB since long. He was a lecturer ofAuditing and Business Law at ICAB from1991 upto 2003. An active member ofICAB, Mr. Ahmed is also associated withvarious social and professional bodies inand outside the country.Mr Showkat Hossain FCA was electedVice President for 2009. He was alsoelected Vice President for several time. Heis a Partner of Hoda Vasi Chowdhury &Co., Chartered Accountants, anindependent affiliate firm of DeloitteTouche Tohmatsu USA. Mr. Hossain hasqualified as Chartered Accountant in the
year 1976 from the Institute of CharteredAccountants of Bangladesh. He graduatedfrom City College-Chittagong and Articledwith the then AF Ferguson & Co CharteredAccountants. Mr. Hossain in his colorfulcareer served in the Multinational andNational Companies at home and abroadincluding Large Petro-ChemicalComplexes in the North Africa for aroundthree decades. He was also Vice President-ICAB in 2004.Mr. Md. Syful Islam FCA, VP-2008,Member Council was re-elected VicePresident-ICAB for the year 2009. Mr.Islam is the Managing Partner of Syful
Shamsul Alam & Co., CharteredAccountants. He is Director of RupaliBank Ltd. He is actively involved withdifferent social service activities in hisvillage home and involved with thefounding schools and madrasa in hisvillage home.Mr. Shahadat Hossain FCA, was electedVice President for 2009. He qualified asChartered Accountant from the Institute ofChartered Accountants of Bangladesh(ICAB) in 1993. Mr Hossain is a Partner ofM/s Shahadat Rashid & Co., CharteredAccountants. He is a writer on subjects ofeconomic and commercial interest. n
December 2008 2
SEC Chairman Emphasised on the Appropriate Application of IFAC Code of Ethics
Mr Faruq Ahmad Siddiqi, Chairman, Securities and Exchange Commission, Chief Guest addressing the audience of the CPE Seminar. Seen from (L-R), Mr Nasir UddinAhmed FCA, Paper Presenter, Mr. Md Humayun Kabir FCA, President-ICAB and Mr ABM Azizuddin FCA, Member Council & Past President-ICAB, Session Chairman.
The Institute of Chartered
Accountants of Bangladesh
organized a CPE Seminar in the
ICAB Auditorium of the city on 21
December 2008. The topic of the Seminar
was “Code of Ethics For Professional
Accountants” Mr Faruq Ahmad Siddiqi,
Chairman, Securities and Exchange
Commission (SEC) in his speech as Chief
Guest focused on the appropriate
application and compliance of the
accounting and auditing standards and the
IFAC code of ethics as adopted by the
ICAB. He said that good governance,
transparency and accountability of an
entity is the basic infrastructure which a
professional accountant must demonstrate
through his presentation and audit of
financial statements containing appropriate
disclosure. Mr Siddiqi stressed that
disclosure is a very important element of
an audit report prepared by a Chartered
Accountancy firm which helps the
investors, stakeholders and the
shareholders of an entity to take decision.
To achieve this goal a professional
accountant must have integrity,
ICAB News Bulletin No. 230
December 2008 3
competence, confidentiality and an
approach to the conceptual framework of
code of ethics for professional accountants.
A professional accountant while
discharging his responsibility may receive
threats from various vested interests which
he must encounter with the ethical spirit
and strict compliance of the codes of ethics
adopted by the Institute.Mr Md Humayun Kabir FCA President–ICAB in his address of welcome said thatthe Institute has adopted the IFAC Code ofEthics for the benefit of the accountancyprofession. He stressed that whiledischarging responsibility, a professional
accountant must remain conscious andaware of the ethical issues involved withhis activity and he must keep himselfabove all such issues that may give rise toquestions on his activities and the auditreport framed by him. A professionalaccountant must remember that he is anindispensable part of the society and theeconomy as a whole and his observationsof the financial statements of an entity maycast an impact on the whole economy ofthe country.Mr Nasir Uddin Ahmed FCA MemberCouncil-ICAB presented the key notepaper on the topic. He explained about
Code of Ethics for the ProfessionalAccountants. He said, a professionalaccountant has a continuing duty tomaintain professional knowledge and skillat the level required to ensure that a clientreceives competent professional servicesbased on current developments in practice,legislation and techniques. Mr. Ahmed alsodiscussed about various threats andsafeguards of a professional accountant.Mr ABM Azizuddin FCA Member Counciland Past President ICAB conducted theseminar as Session Chairman. Mr MdSyful Islam FCA Vice President-ICABoffered the vote of thanks. n
Speaking in the Seminar (Left to Right): Mr Faruq Ahmad Siddiqi, Chairman, Securities and Exchange Commission, Chief Guest, Mr ABM Azizuddin FCA, Member Council& Past President-ICAB, Session Chairman, Mr. Md Humayun Kabir FCA, President-ICAB,Mr Nasir Uddin Ahmed FCA, Paper Presenter and Mr Md Syful Islam FCA, VicePresident-ICAB.
A view of the audience of the Seminar on "Code of Ethics For Professional Accountants".
ICAB News Bulletin No. 230
December 2008 4
The Institute of CharteredAccountants of Bangladesh(ICAB), the regulatory body of
the Accountancy Profession in the countrythrough its Review Committee forPublished Accounts and Reports (RCPAR)evaluated the published accounts andfinancial statements of the listedcompanies and NGOs/MFIs whoparticipated in the 8th ICAB NationalAwards for Best Published Accounts andReports 2007 Competition. The PublishedAccounts and Reports of the listedcompanies, NGOs/MFIs and Public SectorEntities were evaluated by RCPAR-ICABunder guidelines and criteria set by theSouth Asian Federation of Accountants(SAFA). In a ceremonial function organized byICAB on 04 December 2008 atBangladesh-China Friendship ConferenceCentre, Mr. Md Humayun Kabir FCA,President-ICAB in his address of welcomecommented that since establishment in1973, ICAB has been relentlessly trying topromote the accountancy profession inBangladesh and as result the number of
qualified accountants has increasedsubstantially. He narrated the scenario ofpublished accounts and reports in theSAARC region. He thanked theorganizations that participated in thecompetition of Best Published Accounts &Reports-2007.Dr. A B Mirza Mohammad Azizul Islam,Adviser in charge of Ministry of Financeand Planning, Government of People’sRepublic of Bangladesh (GOB) in hisspeech as Chief Guest highly appreciatedthe evaluation process of ICAB of thePublished Accounts and Reports and hopedthat this will have a positive impact inbringing about transparency, accountabilityand good governance among the entities.He stressed on the application andcompliance of accounting and auditingstandards in the preparation of financialstatements. He narrated the scenario ofpublished accounts and reports in theSAARC region. He thanked theorganizations that participated in thecompetition of Best Published Accounts &Reports-2007.In the Financial Sector- Banking category,
Prime Bank Ltd., Dutch-Bangla Bank Ltd.and BRAC Bank Ltd. were evaluated 1st,2nd and 3rd respectively and Dhaka BankLtd., Mercantile Bank Ltd and South EastBank Ltd were awarded with Certificatesof Merit. In the Financial Sector Non-Banking category, Prime Finance andInvestment Ltd., IDLC Finance Ltd andLanka-Bangla Finance Ltd. were evaluated1st, 2nd and 3rd respectively while UttaraFinance & Investment Ltd. and IPDC ofBD Ltd were awarded with Certificates ofMerit. In the Non-Financial Sector-Manufacturing category SingerBangladesh Ltd, Renata Ltd. andGlaxoSmithKline Ltd. were evaluated 1st,2nd and 3rd respectively and SquarePharmaceuticals Ltd and ACI Ltd. wereawarded with Certificates of Merit. In theNGOs/MFIs Sector BRAC and Buro wereevaluated 1st and 2nd respectively. In thesector of public entities InvestmentCorporation of Bangladesh (ICB) wasevaluated 1st. Ms. Parveen Mahmud FCA,Vice President, ICAB offered the vote ofthanks. n
Awards Given by ICAB for Best Published Accounts and Reports 2007
Winners in the ICAB National Awards for Best Published Accounts and Reports 2007 seen with (sitting on the dais) Dr. A B Mirza Azizul Islam, Adviser in charge of Ministryof Finance and Planning, Commerce, GoB, Chief Guest (centre). Mr Md Humayun Kabir FCA, President-ICAB (second from right) and Ms Parveen Mahmud FCA, VicePresident-ICAB (extreme left).
ICAB News Bulletin No. 230
December 2008 5
The Members’ Services andWelfare Committee (MSWC) ofthe Council-ICAB under the
Chairmanship of Dr. Md. Abu Sayed KhanFCA, Member Council-ICAB andChairman-MSWC organized an AwardGiving Ceremony for the Brilliant Childrenof ICAB Members on 05 December 2008at the ICAB Auditorium. Mr. Md. Humayun Kabir FCA, President-ICAB, Vice Presidents, Council Members,Past Presidents, Members and inviteeswere present on the occasion. The following Children of the Members ofthe Institute were honored with awards fortheir outstanding results in differentexaminations.Sumaiya Jannat, Dipanyta Datta,Sabysachi Roy, Waseka FarzanaChowdhury, Mehbuba Mamtaj Mehedi,Hridi Rahman, Sushmita Mondal, ZeeshanAshraf, Tanjim Mojumder, Ishrat Zebeen,Sheikh Ruksana Binte Ahmed, SanjanaAhmed, Tasmia Khan, Tamanna Musharraf
and Nishat Tasnim from SSC level.S M Zeeshan Saad, Sheikh Farhana BinteAhmed, Tasnia Tahsin Roselyn, SabrinaIslam Khan, Tamanna Tasnim, Mahin IrfanKhan and Samiha Khan from HSC level.
Sagleen Bint-e Ayaz, Intishar Jashim,Sakib Mohammed Muntasir Adnan andChaity Basak from O level and Md.Monjurul Hassan, Arunav Das and ZenithTuranza Ahmed from A level. n
ICAB organizes Award Giving Ceremonyto the Brilliant Children of Members
(Sitting) Mr Md Humayun Kabir FCA, President-ICAB (3rd from left), Dr. Md. Abu Sayed Khan FCA, Member Council-ICAB and Chairman-MSWC, (2nd from left), (L-R) MrMd Shahadat Hossain FCA, Member Council-ICAB, Mrs Humayun Kabir, Ms Parveen Mahmud FCA and Mr Md Syful Islam FCA, Vice Presidents-ICAB seen with theawardees.
Guardians were also present with their brilliant children on the occasion.
ICAB News Bulletin No. 230
December 2008 6
Annual Cultural Function and dinner atthe Institute of Chartered Accountants ofBangladesh was held in the evening on 26December 2008 at Winter Garden, DhakaSheraton Hotel, Dhaka.Mr. Md Humayun Kabir FCA, President-ICAB appreciated the programme,thanked the members for joining thefunction. Renowned singers ofBangladesh presented their melodioussongs.
Mr Md Humayun Kabir FCA, President-ICAB welcoming everybody to the Annual Dinner of ICAB.
A view of audience watching cultural programme in ICAB's Dinner Party.
Sabina Yeasmin Anupoma Mukti
Annual Dinner of ICAB
ICAB News Bulletin No. 230
December 2008 7
Mr. MdYunus FCA,Enrollment-20, PastPresident ofthe Instituteof CharteredAccountantsof Bangla-
desh (ICAB)expired on 30 December 2008 at 10:15p.m. at a City Hospital. (Inna Lillahe WaInna Illaihe Rajeun.) He is survived byhis wife, three sons, other familymembers, relatives and well wishers.An illustrious member of the InstituteMr. Md Yunus FCA was one of thesenior most Chartered Accountants of
the Country. Mr. Md Yunus FCA was
associated with various organizations
including FBCCI, DCCI. He was the
President of ICAB in 1984 and South
Asian Federation of Accountants
(SAFA) for the year 1984. President,
Mr. Md Humayun Kabir FCA, the
Council Members and the Members of
ICAB expressed deep sorrow at the
demise of Mr. Md Yunus and prayed to
Almighty Allah, the merciful for
salvation of the departed soul and to
give the bereaved family the strength
and courage to bear the irreparable loss.
Mr. Shamsul Hassan Azharul Alam
FCA, Enrollment-583, Member of the
Institute of Chartered Accountants of
Bangladesh (ICAB) expired on 13
December 2008 (Inna Lillahe Wa Inna
Illaihe Rajeun.) He is survived by his
wife and children.
Late Mr. Alam was a noble soul and was
always held in high esteem by his
relatives, friends and admirers.
He qualified as Chartered Accountant
from ICAB in 1989. He was renowned
social worker and was always
appreciated for his works.
President Mr. Md Humayun Kabir FCA,
the Council Members and the
Members of ICAB expressed deep
sorrow at the sudden demise of Mr.
Alam and prayed to Almighty Allah,
the merciful for salvation of the
departed soul and to give the bereaved
family the strength and courage to bear
the irreparable loss.
Obituary
Md Yunus FCA
Date Meetings/Programmes02.12.08 Meeting of the Professional Development Committee04.12.08 8th ICAB National Awards for Best Published Accounts & Reports05.12.08 Prize Giving Ceremony of Brilliant Students of Members20.12.08 Meeting with C&AG Officials
• Meeting of the Council21.12.08 CPE Seminar on Code of Ethics for Professional Accountants27.12.08 Meeting of the Council
• 36th Annual General Meeting28.12.08 Meeting of the Executive Committee
• Meeting of the Examination Committee• Meeting of the Council• Meeting of the Executive Committee
Meetings and Programmes held in the Month of December 2008
IFAC'S Public SectorASB Launches Work on
Int'l Public SectorConceptual Framework
The International Public SectorAccounting Standards Board(IPSASB), an independent
standard-setting board of the InternationalFederation of Accountants (IFAC), hasissued for comment the first in a series ofconsultation papers focused on thedevelopment of an international publicsector conceptual framework. EntitledConceptual Framework for GeneralPurpose Financial Reporting by PublicSector Entities, the consultation paperrepresents a landmark achievement for thepublic sector financial reportingcommunity. The consultation paper identifies theIPSASB's preliminary views on theobjectives and scope of financialreporting, the qualitative characteristics ofinformation included in general purposefinancial reports and the characteristics ofpublic sector reporting entities.
"Our ultimate goal is to develop aframework that makes explicit theconcepts, definitions, and principles thatunderpin the development of IPSASs,"states IPSASB Chair Mike Hathorn."Since it will apply across countries andjurisdictions with different politicalsystems and forms of government, theframework will recognize the diversitythat exists in the many jurisdictions thatmay adopt IPSASs and help to strengthenthe transparency and consistency offinancial reporting by governmentsworldwide. This makes receiving a broadspectrum of comments on this paper, andall our consultation papers, all the moresignificant." "Given the important role the conceptualframework will eventually play in thefuture standard-setting activities of theIPSASB, I strongly urge constituents torespond to the views expressed in thismilestone paper," adds Mr. Hathorn.
Courtesy: IFAC Website
IFAC News
ICAB News Bulletin No. 230
December 2008 8
IFAC News
The International Federation ofAccountants (IFAC) supportsrecent moves by the
International Accounting Standards Board(IASB) to contribute to greater consistency
in financial reporting and to work towards
convergence of international standards, an
objective which IFAC views as critical to
the efficient operation of global capital
markets.
While accepting the value of moving
rapidly to remove differences in the
application of fair value accounting in
different jurisdictions, IFAC strongly
opposes attempts to change more radically,
IFAC Supports Convergence in the Reporting of Financial Instruments
Leaders of over 100
accountancy organizations
worldwide met in Rome on
November 11-14 to participate in the
International Federation of Accountants'
(IFAC) Board and Council meetings, where
they addressed the global financial crisis,
convergence to global auditing and ethics
standards, and the profession's role in
sustainable development. At the conclusion
of the meeting, President Robert Bunting of
the United States assumed the IFAC
Presidency for a two-year term ending in
November 2010. Göran Tidström of
Sweden assumed the position of Deputy
President. In addition, the Council
approved the appointment of three new
members to the IFAC Board and the
reappointment of four members to a second
term.*
Newly elected IFAC President Robert
Bunting, a past Chairman of the American
Institute of Certified Public Accountants
and an IFAC Board member since 2005,
commented on the global financial crisis,
pointing out "The financial crisis has
clearly demonstrated how interconnected
global markets are. This makes IFAC's
initiatives to achieve convergence of
international standards ever more urgent.
Convergence to a common set of high
quality accounting and auditing standards is
essential to assuring the quality of the
profession's services and is vital to the
effective operations of markets and to
promoting cross-border trade and
investment."
"I believe that IFAC has a key role to play
in restoring confidence in the markets,"
emphasizes Mr. Bunting. "We must
demonstrate that our standard-setting
processes are rigorous. And we must
continue to promote strong corporate
governance and the highest quality
practices by the world's accountants,
whether they work in public practice or in
business and industry. Additionally, we
need to scrutinize ourselves and look at
what we can do better or differently. And
lastly, we must be even more engaged with
all market participants and actively
collaborate with them in identifying and
implementing the solutions that can prevent
future crises."
Supporting these goals, the IFAC Council
approved an updated Strategic Plan for
2009-2012. This plan has an increased
focus on the implementation of
international standards, on enhancing the
relevance and sustainability of the
profession, and on communicating more
vigorously on regulatory, financial
management, financial reporting, corporate
governance, and other issues.
"Another area of focus in the strategy and
one to which I plan to give my attention is
meeting the needs of small and medium
practices (SMPs) and enterprises (SMEs),"
adds Mr. Bunting. "The SMP/SME
community did not cause the current
financial crisis, but they will be very much
affected by it. We must do what we can,
including ensuring that they are not subject
to overly burdensome regulatory
requirements, to contribute to their health
and effectiveness."
Courtesy: IFAC Website
Robert Bunting Assumes Presidency of IFAC, Council NamesGöran Tidström Deputy President
ICAB News Bulletin No. 230
December 2008 9
Mr. Moddassar Ahmed Siddique is afellow member of the Institute of CharteredAccountants of Bangladesh (ICAB). Hecompleted his articleship from Hoda VasiChowdhury & Co. He worked in Accountsdepartments of NGO Forum & ElectricalSystem Services Company Limited(ESSCO) and also worked in BangladeshSteel Re-Rolling Mills Limited (BSRM)group as group Chief Accountant. Heworked with Aramit group during last
seven years in various capacities as ChiefAccountant, Company Secretary &General Manager Accounts & Finance. Hehas also worked as Advisor in SICHOGroup. Now, he is serving in KDS Groupas Senior General Manager (Accounts &Finance). He has visited India, Thailand,China, Malaysia and Singapore.Mr. Subrata Kumar Bhowmick FCA,qualified as a Chartered Accountant inNovember-December 1999.
He also completed Masters in Accountingfrom Chittagong University. In course ofhis long service in private and governmentsectors related with his profession, he helddifferent senior and responsible positions.Now he is serving in a big Industrial Grouphaving private, public and listedcompanies, named S. Alam Group asSenior General Manager (Finance) beingthe position of head of Finance andAccounts of the Group. n
Office Bearers of CRC-ICABElected for 2009
Mr Moddassar Ahmed Siddique FCA was elected Chairmanand Mr Subrata Kumar Bhowmick FCA Honorary Secretary ofthe Chittagong Regional Committee-ICAB for the year 2009.The other members of CRC are Ms Yesmin Sabder Ali FCA,Mr Shekhar Ranjan Kar FCA and Mr Md Mahfuzur RahmanBhuiyan FCA.
Mr Moddassar Ahmed Siddique FCA Chairman
Ms Yesmin Sabder Ali FCAMember
Mr Shekhar Ranjan Kar FCA Member
Mr Md Mahfuzur Rahman Bhuiyan FCAMember
Mr Subrata Kumar Bhowmick FCAHonorary Secretary
or to suspend, the use of fair valueaccounting without adequate due process.In particular, IFAC considers that makingchanges at a national or regional level thatexacerbate reporting differences wouldserve to further confuse financial marketsand would result in a reduction ofconfidence in financial reporting - exactlythe opposite of what is required in currentcircumstances. "Reducing transparency isnot the answer," says IFAC President
Fermín del Valle, "and it will not serve theinterests of investors." IFAC believes that the additional guidancegiven to those applying both accountingand auditing standards relating to fairvalues has been very valuable and willcontribute to the public interest throughmore consistent application of thestandards. This guidance has come fromthe IASB and the United States FinancialAccounting Standards Board, as well as
from the International Auditing and
Assurance Standards Board in its Staff
Audit Practice Alert, Challenges in
Auditing Fair Value Accounting Estimates
in the Current Market Environment.
IFAC and its independent standard-setting
boards are continuing to monitor the
impact of the credit crisis and will consider
whether further guidance is needed. n
Courtesy: IFAC Website
ICAB News Bulletin No. 230
December 2008 10
Admission as AssociateThe following members have been admitted as Associates of theInstitute with effect from the dates as shown against their names:Name Effective DateMs Afrin Akhter ACA (1073) 15.9.2008Assistant ManagerRahman Rahman HuqChartered Accountants9, Mohakhali C/ADhaka.
Ms Suraiya Zerin ACA (1084) 13.11.2008Assistant Manager
Rahman Rahman Huq
Chartered Accountants
9 Mohakhali Com. Area
Dhaka-1212
Mr Md Shafiqul Alam ACA (1085) 2.12.2008Audit Manager
A Qasem & Co.,
Chartered Accountants
Gulshan Pink City
Suite # 01-03 (Level-7)
Plot-15, Road-103, Block CEN(C)
Gulshan Avenue
Gulshan, Dhaka-1212
ICAB News Bulletin No. 230
December 2008 11
The following members have been admitted as Fellows of theInstitute with effect from the date as shown against their names:Name Effective DateMr AKM Saif Ullah Kowchar FCA (828) 28.12.2008Group General Manager (F&A)Expolanka GroupMedona Tower (9th floor)28 Mohakhali C/ADhaka-1212
Ms Syeda Assma Kakoli FCA (813) 28.12.2008IFC-SEDF, The World Bank GroupBay's Galleria57 Gulshan AvenueDhaka-1212
Mr Avijit Bhattacharjee FCA (824) 28.12.2008Assistant General ManagerHead of Accounts and AdministrationUnited Leasing Company Ltd.Camellia House22 Kazi Nazrul Islam AvenueDhaka-1000
Permission to Start PracticeThe following members have been granted permission to StartPractice as Public Accountants as partner or proprietor with effectfrom the date as shown against their names:Name Effective DateMr AKM Nuruzzaman FCA (133) 28.12.2008PartnerAhmed Zaker & Co.,Chartered Accountants40 Shaheed Syed Nazrul Islam SaraniBijoynagar, Kakrail (10th floor)Dhaka-1000
The 36th Annual General Meeting(AGM) of the CharteredAccountants of Bangladesh
(ICAB) was held on 27 December 2008 atthe ICAB Auditorium under theChairmanship of outgoing President MrMd Humayun Kabir FCA. The meetingconsidered and approved the AnnualReport, Auditors Report, FinancialStatements 2007-2008 after discussion bythe members and answered their questionsby the President. The meeting also approved the proposal toappoint Mr Md Atikur Rahman FCA ofAtik Khaled & Co., Chartered Accountantsand Mr Md Abdul Momin Khan LohaniFCA of M Abdus Salam & Co., CharteredAccountants as auditors of the Institute forthe year 2008-2009. Mr. Md. Humayun Kabir FCA, President,ICAB expressed his deep gratitude andsincere thanks to the Past Presidents,Council Members and Members of theInstitute for their kind advice, guidance,support and cooperation which greatlyinspired him in the dispensation of hisduties and responsibilities during the year
2008.There was a lively floor discussion onvarious issues relating to the Institute andthe profession. The members presententhusiastically participated. The outgoing president introducedPresident-elect Mr. Nasir Uddin AhmedFCA for the year 2009. He also introducedthe three Vice-Presidents elect for 2009.They are Mr. Showkat Hossain FCA, Mr.Md Syful Islam FCA and Mr. Md ShahadatHossain FCA.
Mr. Kabir offered his full cooperation to
the new president and said that the
dynamic leadership in the year 2009 will
further strengthen the professionals’
fraternity among the members of the
Institute.
Mr. Nasir Uddin Ahmed FCA appreciated
the service of the outgoing President, Vice
Presidents and the Council and the
cooperation of the general members of the
Institute. n
ICAB News Bulletin No. 230
December 2008 12
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-bd.org
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