Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh
ICABICAB NEWS BULLETINSeptember 2015
Number 311
ISSN 1993-5366
CAB organized a workshop on “Presentation of Concept Note- Financial Reporting Framework for Public Sector
Entities” on 8 September 2015 at Pan Pacific Sonargoan, Dhaka. The workshop was financed by The World Bank under the Project Strengthening Financial Reporting Framework and Audit Practice which was signed on 28 April 2014 between ICAB and the World Bank. The main components of the Project are: updating and implementing a reporting framework for the PSE, strengthening professional education standards and enhance audit quality assurance and monitoring system.
M A Mannan, MP, Hon’ble State Minister, Ministries of Finance & Ministry of Planning, GoB, graced the program as the Chief Guest and inaugurated the workshop. President ICAB – Masih Malik Chowdhury FCA delivered
the welcome speech.
Among the council members of ICAB A F Nesaruddin FCA, Kamrul Abedin FCA, Showkat Hossain FCA, ASM Nayeem FCA, Abbas Uddin Khan FCA, Nasir Uddin Ahmed FCA, Md Abdus Salam FCA, Dewan Nurul Islam FCA, Md. Syful Islam FCA, Gopal Chandra Ghosh FCA and AKM Rahmat Ullah FCA, Secretary, ICAB were present.
Ms. Suraiya Zannath Khan, FCA, Senior Financial Management Specialist, the World Bank, Mohammad Atikuzzaman FCA, Financial Management Specialist and Task Team Leader of this project also made the program lively and vibrant by giving their informative and perspicuous speech.
ICAB Project Adviser Burhanuddin Ahmed FCA presented the concept paper on strengthening financial reporting framework
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ICAB organized Workshop on Financial Reporting Framework for
Public Sector Entities
ICAB organized Workshop... Entities
ICAB organized Orientation... Firms
2nd Workshop on QAD for CA Students
Training on IFRS & IAS for... BB Officials
President’s Communi-cation September 2015
Representatives from Japan... visit ICAB
Discussion and Way Forward...FRA 2015
Workshop on Commu-nication... Members
Workshop on Import- Export... International Trade
ICAB attends Bangla-desh... Conference 2015
5-Member Election Commission... Council
CRC-ICAB organized CPD Seminar... VAT'
Exlcusive Interview of Shahadat Hossain... FRA
ICAB attends Jury Board Meeting.... Awards
Two Companies panel-ized... MABS & J Partners
Campus News
Congratulations
Tofazzul Hussain in CMCI Conference
We Mourn
A Coordination Meeting between... Group
ICAB delegates partici-pate in... London
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September 2015 No. 311
he Project Management Unit (PMU) of the Local Governance Support Project – II (LGSP-II) entrusted
ICAB to organize an Orientation & Training Program on “Financial Audit, Performance Assessment, Fiduciary & Safeguards Compliance” for the Audit Firms and Audit Reviewer Firms prior to commencement of the field audit by the Audit Firms for the year 2014-2015. Accordingly, ICAB assured the inauguration of training was held at ICAB auditorium. The orientation & training from the 13 September to 18 September 2015 in its New Academic Campus.
The objective of the training program is to ensure effectiveness, efficiency and quality of the audit & assurance services
of all the 4550 Union Parishads (UPs) for the FY 2014-2015 commenced from1 October, 2015.
ICAB Vice President AF Nesaruddin FCA inaugurated the 1st session of the training at the ICAB Auditorium 13 September 2015 where ICAB President Masih Malik Chowdhury FCA was the Chief Guest.The technical sessions was
held everyday in the ICAB Academic Campus between 13 and 18 September which formally ended on 18 September 2015. A total number of 1236 LGSP field auditors participated in the training & orientation program.
The resource persons for the training were from PMU Office of the LGSP-II, Reviewer Firms and ICAB.
ICAB organized Orientation and Training for Audit Firms and Reviewer Firms
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for public sector entities. The Concept Note is the research work of Project Team to identify the present status of the Financial Reporting Framework of PSEs and the findings with appropriate recommendation to improve the present status. Before preparing the Concept Note the Project Team communicated with Ministry of Finance, Monitoring Cell of MOF, SOE wing of MOF and different PSEs and collected relevant information.
Together with Finance Ministry, ICAB is working to strengthen Financial Reporting Framework for Public Sector Entities under this project of the World Bank.
State Minister M A Mannan said, ICAB is relentlessly working towards bringing financial discipline in the country. In this regard it has succeeded in some areas; however it requires to improve in many
areas specially in financial reporting in both public & private sector. He said the World Bank has come forward to strengthen the financial reporting in public sector entities in Bangladesh which is very appreciable. He also thanked the finance ministry for joining hands in the tripartite efforts.
ICAB President said we believe that if ICAB and the Regulatory Bodies responsible for auditing in public entities, work together, the financial regime of the country will be stronger. This would also ensure best use of public revenue. He also said although ICAB is now working in
financial reporting in private sectors, it is willing to work in public sector too. For this government has to create an environment so that ICAB and other auditing authorities in public sector entities could work together. Bangladesh has advanced in many aspects, it would not remain behind in this area, he hoped. The World Bank Senior Financial Management Specialist Suraia Zannath FCA also spoke on the occasion.
A partial view of the audience
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September 2015No. 311
CAB Center for Professional Excellence (ICPE) organized a
day-long workshop on "How to
Maintain Quality in Audit and Assurance
Services" for CA Students for the second
time on 8 September 2015 at its
Auditorium. Earlier the 1st workshop
was held in August of this year.
A total number of 50 students
participated in the workshop. ICAB Vice
President AF Nesaruddin FCA
inaugurated the workshop and President
Masih Malik Chowdhury FCA awarded
certificate to the participants.
In the workshop the discussion topics
were current status of quality assurance
and its requirements as per BSQC 1,
brief on different stages of audit and
contents of audit working files re-audit
practice manual: Audit planning and
control evaluation, audit completion and
audit compliance review (ACR).
Resource Persons of the workshop were
Md. Kamruzzaman ACA , Sk. Md.
Tarikul Islam ACA, Farhana Sultana
ACA and Muhammad Aminul Hoque
FCA.
I2nd Workshop on QAD for CA Students
3rd phase of the training program on IFRS & IAS for Bangladesh Bank officials which started on 2 August and ended on 14 September 2015 in a gala ceremony at hotel Pan Pacific Sonargaon. Nazneen Sultana, Deputy Governor, Bangladesh Bank graced the closing ceremony as the Chief Guest.
In her speech, she said Bangladesh Bank has taken various initiatives to forge the officials with knowledge and skills particularly in accounting & auditing standards with a view to make the central bank of international standards. With this purpose, Bangladesh Officials are taking part in the training of ICAB, she added. Bangladesh Bank is working to improve human resources, she further said and urged the BB Officials to use the
knowledge acquired from the training in day to day work of the central bank.
ICAB President Masih Malik Chowdhury FCA said the training was organized mainly to distribute International Financial Reporting Standards (IFRS) and its intricacies & relevance. He also said that ICAB will continue the training in future for the central bank officials. He
later noted down the opinions from the participants about the training.
ICAB Vice President AF Nesaruddin FCA and Council Member & Past President Md. Syful Islam FCA also spoke on the occasion. Bangladesh Bank Deputy Governor Nazneen Sultana handed over the certificates to the participants.
Training on IFRS & IAS for Bangladesh Bank Officials
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September 2015 No. 311
Dear Fellow Members,
Assalamu Alaikum and Greetings to you
all.
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This month we observed the festivity of Eid
ul Azha with due solemnity and religious
colors. May Allah (SWT) accept our
devotion & sacrifice with satisfaction. I
hope my dear fraternity and the fellow
members had a very pleasant Eid with
their families amidst near and dear ones.
Due to Eid holidays in this month, we had
tried our best to make lesser number of
equally working days more eventful as
before.
Dear members my journey as the President
of the Institute of Chartered Accountants of
Bangladesh 2015 has begun with a spade
work with a view to get the Strategic Plan
2015 for the year 2015 ahead as best as
possible. Our efforts dedicated in the last 9
months have now started reaping results.
Students are knowingly complacent with
their new campus amidst its modern
facilities & library at CA Bhaban. The day
to day operational works is smoothly going
in ICAB. Every month in one ManCom
meeting and two Member Secretaries’
meetings amidst presence of Vice
Presidents, all concerned managers are
showing their proactiveness. We discuss
the activities, development &
implementation of our Strategic Plan 2015
& the way forward in those meetings.
Dear members, you would now observe
that all the sections of employees of the
Institute have attained remarkable
President’sCommunicationSeptember 2015
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5
September 2015No. 311
improvements in their respective working
areas. I put on record their active parts
with high acclamation. However, consistent
ongoing of activities with good governance
is a sine qua non, which is still a far cry.
With a somber note we also mention here
that only our efforts towards FRA came up
with an outcome not really expected by us.
However, our efforts & endeavors had
made the authority understood in
incorporating some important amendments
& clauses in FRA which would put the
Institute in a better place in the long run.
Rather optimistically however, we shall
have to be prepared to reap the benefit
from it. We shall have to be vigilant against
any odds that would likely occur from The
FRA. We have to stand united to ensure
that the professionalism comes first to
ensure transparency and accountability &
good governance in the financial sector.
Now let me try to elaborate the activities of
the month of September 2015 for your
glance. Judgment & comments from you
would be highly appreciated.
Workshop on Financial Reporting Framework for Public Sector Entities
A workshop on “Presentation of Concept
Note- Financial Reporting Framework for
Public Sector Entities” was held on 8
September 2015 at Pan Pacific Sonargoan,
Dhaka under the project; “Strengthening
Financial Reporting Framework and Audit
Practice” of the World Bank. The main
components of the project are; updating
and implementing a reporting framework for
the PSE, strengthen professional education
standards and enhance audit quality
assurance and monitoring system.
Together with Finance Ministry, ICAB is
working under this project to strengthen
Financial Reporting Framework for Public
Sector Entities.
Mr. M A Mannan, MP, Hon’ble State
Minister, Ministries of Finance & Planning,
GoB, graced the event as the Chief Guest
and inaugurated the workshop.
Among the council members Mr. A F
Nesaruddin FCA, Mr. Kamrul Abedin FCA
VPs, Mr. Showkat Hossain FCA, Mr. Abu
Sayed Mohammed Nayeem FCA, Mr.
Abbas Uddin Khan FCA, Mr. Nasir Uddin
Ahmed FCA, Mr. Md Abdus Salam FCA,
Mr. Dewan Nurul Islam FCA, Mr. Md. Syful
Islam FCA, Mr. Gopal Chandra Ghosh FCA
and Secretary Mr. AKM Rahmat Ullah FCA
were present in it. Also present were World
Bank Senior Financial Management
Specialist, Ms. Suraiya Zannath Khan FCA,
Financial Management Specialist and Task
Team leader of the project Mr. Mohammad
Atikuzzaman FCA. Their kind presence
has made the program more lively. I owe to
them my deep gratitude for extending their
help with their knowledge & wisdom, as
always.
Project Adviser Burhanuddin Ahmed FCA
with his in-depth knowledge presented the
concept paper on strengthening financial
reporting framework for public sector
entities. This has made a baseline for
discussion. Thanks Mr. Burhanuddin.
Orientation and training for Audit Firms and Audit Reviewer Firms under LGSP-II
The Project Management Unit (PMU) of the
Local Governance Support Project – II
(LGSP-II) entrusted ICAB to organize an
Orientation & Training Program
on“Financial Audit, Performance
Assessment, Fiduciary & Safeguards
Compliance” for the Audit Firms and Audit
Reviewer Firms, prior to commencement of
the field audit by the concerned Audit Firms
for the year 2014-2015. Accordingly ICAB
had arranged the orientation & training from
the 13 September to 18 September 2015 at
its New Academic Campus building. The
opening session was held in ICAB
auditorium, however. The objective of the
training program is to ensure effectiveness,
efficiency and quality of the audit &
assurance services for all the 4550 Union
Parishads (UPs) for the FY 2014-2015
commenced from 1 October 2015.
Vice President Mr. AF Nesaruddin FCA
inaugurated the 1st session of the training
on 13 September 2015 where I was present
as the Chief Guest. My special gratitude &
thanks are due for the resource persons of
training who were from PMU Office of the
LGSP-II, Reviewer Firms and ICAB. At the
end of the training, few certificates among
the participants were distributed.
Workshop on Communication Skills and Integrity Practices for Members
A day long workshop on "Communication
Skills and Integrity Practices "organized by
ICAB Center for Professional Excellence(
ICPE) was conducted by Bangladesh
Public Administration Training Center
(BPATC) on 12 September 2015 at BPATC
premises in Savar. Mr. AKM Abdul Awal
Mazumder, Rector, BPATC inaugurated the
workshop. He conducted two sessions on
Communication Skills and Public Speaking
and Mr. Sish Haider conducted the session
on Integrity. In my address at the
conclusion I assured ICAB’s cooperation
for holding such a training for BPATC staffs
in future. In reply, Rector, BPATC echoed
his interest for such arrangements. During
this time I was accompanied by Vice
President (E & T) Mr. AF Nesaruddin FCA.
Training on IFRSs & IASs for Bangladesh Bank officials
3rd consecutive year of the training
program on IFRSs & IAS for Bangladesh
Bank officials started on 2 August. It had
ended on 14 September 2015 in a gala
ceremony at hotel Pan Pacific Sonargaon.
Ms. Nazneen Sultana, Deputy Governor,
Bangladesh Bank graced the closing
ceremony as the Chief Guest.
In her speech she said Bangladesh Bank is
working professionally to improve human
resources through participating in such
training. She also urged the BB Officials to
use the knowledge acquired from the
training in the day to day work of the central
bank. During my turn of speech I have
mentioned that ICAB organised the training
mainly to disseminate the International
Financial Reporting Standards (IFRS), its
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September 2015 No. 311
intricacies & relevances. ICAB will
continue to conduct such trainings in
future for the central bank officials, I
reiterated. Vice President Mr. AF
Nesaruddin FCA and Council Member &
Past President Mr. Md. Syful Islam FCA
also spoke in the program. Few other
Council Members were also present.
Workshop on Import-Export Procedures and International Trade
Day long workshop on Import-Export
Procedures, Financing Opportunities and
International Trade for members of the
Institute was organized on 19 September
2015 at ICPE auspices where Mr. Md.
Azhar Ali Miah from the Institute of
Bankers, Bangladesh was the resource
person. Vice President (E&T) AF
Nesaruddin FCA inaugurated the
workshop and at the end the certificates to
the participants were awarded through
me.
Our members had the opportunity to gain
practical knowledge of the International
Sales/ Purchase Contract, Imports &
Exports under Collection
Procedure/Contract Procedure,
Documentary Draft Transaction, Banking
Relationship, Role of Banks in Imports &
Exports Business, Parties involved in
Documentary Credit (LC) Operation,
Types of LC, etc through this workshop.
Meeting with delegates from CPA Ireland
On a 5 days visit in UK, I along with my
team mates Council Member & Past
President Mr. Md. Syful Islam FCA and UK
Chapter Chairman Mr. AKM Fazlur
Rahman FCA held a meeting with
delegates from CPA Ireland on 26
September 2015 to discuss about Cash
Basis IPSAS and IFRS in the hotel.
In the meeting, Director (Member
Services), CPA Ireland Mr. Fitz Gerald
assured that CPA Ireland assured us that
they would continue its cooperation in
education, certification and training on
implementation of both cash and accrual
basis IPSAS for ICAB Members. Other
stakeholders of ICAB in Bangladesh
would also be benefited. Technical
Director of Nelson Croom Ltd Mr. Nelson
Croom was also present in the meeting.
Both ICAB and CPA Ireland expressed
solidarity to work together for mutual
collaboration and professional
development in coming days.
Meeting with UK Chapter Management Committee
We had a meeting with UK Chapter
Chairman Mr. AKM Fazlur Rahman FCA
and other members of the Chapter in UK
on 27 September 2015. We shared our
views on professional issues and the key
developments of ICAB, matters regarding
FRA and FRC in Bangladesh. They
submitted a representation.
IASB World Standard Setters Program & Brief Meetings
IASB World Standard Setters Meeting on
Financial Reporting Standards held at
Grange City Hotel London on 28-29
September 2015. It was a convergence of
persons in positions alike IASB Chairman
and Board Members, Executive Technical
Director and other Technical Executives of
IASB, Executive Director of IFRS
Foundation and President, Council
Members & Technical Staffs from more
than 60 Countries. This was full of
technical sessions on latest development
of IFRS and relevant issues.
Apart from participating in the technical
sessions, we held exclusive but brief
meetings with the Executive Director of
IFRS Foundation, Research Director of
UK, FRC Andrew Lennard and President
of German Accounting Standards Setting
Board Prof. Dr. Andreas Barckow. ICAB
Member Council and Past President Mr.
Syful Islam FCA & Director Technical Mr.
Mahbub Ahmed Siddique FCA
accompanied me in the meeting.
Courtesy Call on ICAEW Deputy President
On a courtesy call from ICAEW Deputy
President Dr. Hilary Lindsay on 30
September 2015 at Chartered
Accountants' Hall, Moorgate Place,
London, we discussed the current status
of accountancy profession in Bangladesh.
We enlightened about ICAB’s major
initiatives towards professional
development to her. She is the 2016
ICAEW President. During the meeting
ICAEW Head of New Business
Development, Mr. Justin West and
International Affairs Manager Ms.
Christina Pavlis were present. On our side
ICAB Council Member & Past President
Md Syful Islam, Chairman ICAB UK
Chapter Management Committee Mr.
AKM Fazlur Rahman, Dr. Jamshed
Sanyiath Ahmed Chowdhury and Mr.
Mahbub Ahmed Siddique, Director
Technical-ICAB were present.
Meeting with ICAEW Top Officials
On the same day at same venue I along
with the same ICAB delegates had
another meeting where ICAEW Executive
Director Vernon Soare, Head of New
Business Development Justin West,
International Affairs Manager Christina
Pavlis were present. We discussed with
them in details about the current status of
ICAB and the professional matters like
signing of revised MoU between
ICAB-ICAEW, online education and library
facilities for ICAB students and members,
arrangement of training for ICAB members
who are candidates for ICAEW exam,
online IFRS and clarified ISA certification
program, etc.
A coordination meeting between Bangladesh Bank high officials and ICAB working group
A coordination meeting between
Bangladesh Bank high officials and ICAB
working group held on 20 September with
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September 2015No. 311
Abu Hena Mohd. Razee Hassan, Deputy
Governor, Bangladesh Bank and Senior
Officials to discuss the expectation gaps
and way forwards.
We briefed on ICAB’s role to promote
transparency and governance in
Accountancy and Audit services in the
meeting. Such meeting will be continued in
future for the benefit of the two
organizations.
Other members of ICAB working group
were Vice Presidents A F Nesaruddin
FCA, Kamrul Abedin FCA, Council
Member & Past President Md. Syful Islam
FCA, Fellow Members Md. Raghib Ahsan
FCA, Md. Jahidur Rahman FCA,
Muhammad Aminul Hoque FCA,
Mohammed Hamidul Islam FCA, Muraheb
Malik Chowdhury FCA, Ashraf-Uz-Zaman
Ali ACA.
Discussion and Way Forward Meeting on Financial Reporting Act 2015
Members’ conference & discussion meeting
on Financial Reporting Act 2015 and the
Way Forward was held at ICAB auditorium
on 20 September 2015 where we
discussed the brief outline of the initiatives
taken by the Institute regarding Financial
Reporting Act (FRA), background of
emergence of the FRA since 2013 through
World Bank’s ROSC Reports and its
implication.
2nd Workshop on QAD for CA Students
Earlier, we held first ever QAD workshop
for CA students in August of this year. In
continuation of that, ICAB Center for
Professional Excellence (ICPE) organized
the second workshop on "How to Maintain
Quality in Audit and Assurance Services"
for CA Students on 8 September 2015 at
ICAB auditorium. Inaugurated by Vice
President Mr. AF Nesaruddin FCA, the
certificates to the participants were
distributed by me at the conclusion.
Resource persons of the workshop were
very young & bright members Mr. Md.
Kamruzzaman ACA , Mr. Sk. Md. Tarikul
Islam ACA, Ms. Farhana Sultana ACA and
Mr. Muhammad Aminul Hoque FCA(ok).
Thanks for the excellent presentation in the
classes to the Resource Persons!
Bangladesh Capital Market Conference 2015
Mr. Mahbub Ahmed Siddique FCA, Director
(Technical), represented ICAB in the
Bangladesh Capital Market Conference
2015. Dhaka Stock Exchange Ltd.
organized the "Bangladesh Capital Market
Conference, 2015" at the Nabab Nawab Ali
Chowdhury Senate Bhaban, University of
Dhaka on 21 September 2015.
Representatives from Japan Daiwa Institute visit ICAB
On 9 September 2015, delegates from the
Daiwa Institute of Research Ltd, Japan
visited ICAB and had a meeting with myself
along with Vice Presidents Mr. AF
Nesaruddin & Mr. Kamrul Abedin FCA.
ICAB Secretary Mr. AKM Rahmat Ullah
FCA and Director Technical Mr. Mahbub
Ahmed Siddique FCA were also present.
The Japanese delegates informed us about
Japan Bank for International
Cooperation(JBIC)’s study on Bangladesh
Banking Sector. It covered from historical
evolution and future prospects in
regulatory, legal, accounting standards and
banking services including Sharia Banking
in Bangladesh.
We Mourn
We express our deep sorrow and heartfelt
prayers at the sad demise of our elderly
member Mr. Joachim Andrew Gomes FCA
(Enrolment No. 04) on 9 September 2015.
May Allah give the bereaved family strength
and courage to bear the irreparable loss
and bless the departed soul with eternal
peace.
Meetings of Council and Standing & Non-standing Committees
The following meetings of the Council,
Standing and Non-standing Committees
and Sub-committees of ICAB were held
during the month of September 2015:
Standing Committees:
- 5th Meeting of the Examination
Committee was held on 01
September 2015 at 5:00 pm.
- 19th Urgent Council Meeting was
held on 03 September 2015 at 5.00
pm.
- 20th Council Meeting was held on 15
September 2015 at 5.30 pm.
- 8th Executive Committee Meeting
was held on 21 September 2015 at
5:00 pm.
Non-standing Committees:
- 4th Meeting of the Real Estate
Committee (REC) was held on 17
September 2015 at 5:30 pm
- 4th Meeting of the Information &
Communication Technology
Committee (ICTC) was held on 17
September 2015 at 5:00 pm.
Standing and Non-standing
Sub-committees:
- 8-Members Sub-committee of the
Council was held on 01 September
2015 at 5:30 pm.
- 4-Members Sub-committee of the
Examination was held on 07
September 2015 at 4:00 pm.
- 8-Members Sub-committee of the
Council was held on 07 September
2015 at 5:00 pm.
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With Gratitude & best regards!
Masih Malik Chowdhury FCA President
8
September 2015 No. 311
elegates Keisuke Goto, Assistant Manager and Dr. Hiroki Yoda, Director from the Daiwa Institute of
Research Ltd, Japan visited ICAB on 9 September 2015. They held a meeting with ICAB President Masih Malik Chowdhury FCA at ICAB Mini Conference room. The Japanese delegates informed the President about study of Japan Bank for International Cooperation(JBIC) on Bangladeshi banking sector from historical evolution and future prospects in regulatory, legal, accounting standards and Banking services including Sharia Banking.
During the meeting , they discussed the agenda items like characteristics, recent issues and future prospects of banking
sector in Bangladesh, current status and assessment towards ongoing banking industry reform, effective monitoring system on banking sector work to prevent financial crisis, legislative support by the financial authority/government upon bankruptcy, legal scheme and experiences of utilizing foreign private loan, Islamic Banking, other unique /new types of banking service, etc.
Other present were Vice Presidents Kamrul Abedin FCA, AF Nesaruddin
FCA. Secretary AKM Rahmat Ullah FCA, and Director Technical Mahbub Ahmed Siddique FCA were also present in the meeting.
D
Representatives from Japan Daiwa Institute of Research visit ICAB
ICAB organized a members’ conference & discussion
meeting on Financial Reporting Act 2015 and the Way
Forward at its auditorium on 20 September 2015. ICAB
President Masih Malik Chowdhury FCA presented the brief
outline of the initiatives taken by the Institute regarding
Financial Reporting Act (FRA). The Jatiya Sangsad has
passed the FRA Act on 7 September 2015. The President
also drew a background of emergence of the FRA since
2003 through World Bank’s ROSC Reports. Vice
Presidents AF Nesaruddin FCA and Kamrul Abedin FCA,
Past President & Council Members Abbas Uddin Khan
FCA, Md. Syful Islam FCA, Akhtar Sohel Kasem FCA, Nasir
Discussion and Way Forward Meeting on Financial Reporting Act 2015
Uddin FCA, Council Members Shahadat Hossain FCA and
Dewan Nurul Islam FCA were present in the meeting. The
participants also came up with their thoughts & advices regarding
the FRA and its implication.
9
September 2015No. 311
Mahbub Ahmed Siddique FCA,
Director (Technical), ICAB as
representative of the Institute
attended the Bangladesh Capital
Market Conference 2015.
Dhaka Stock Exchange Ltd., the
premier bourse of the country
organized the Conference- 2015 at
the Nabab Nawab Ali Chowdhury
Senate Bhaban, University of Dhaka
on 21 September.
The conference explored various
public avenues for capital raising at
an efficient pricing mechanism and to
take advantages of natural branding
of company apart from many fiscal
and other incentives offered by the
government.
day long workshop on "Communication Skills and Integrity Practices "organized by
ICAB Center for Professional Excellence( ICPE) was conducted by Bangladesh Public Administration Training Center (BPATC) on 12 September 2015 at BPATC premises in Savar. A.K.M. Abdul Awal Mazumder, Rector, BPATC inaugurated the workshop. He also conducted two sessions on Communication skills and Public Speaking and Sish Haider conducted the session on Integrity.
ICAB President Masih Malik Chowdhury FCA and Vice President AF Nesaruddin FCA were present at the closing session
of the workshop. A total number of 100 qualified Chartered Accountants participated in the workshop.
A
Workshop on Communication Skills and Integrity Practices for Members
ICAB Centre for Professional Excellence (ICPE) organized a day long workshop on Import-Export Procedures, Financing Opportunities and International Trade for the members of the Institute on 19 September 2015 at ICAB Training Room.
Md. Azhar Ali Miah Diplomaed Associate of the Institute of Bankers, Bangladesh (DAIBB) was the resource person in the workshop. A total number of 40 members took part in the workshop. Vice President (E&T) AF Nesaruddin FCA inaugurated the workshop. ICAB
President Masih Malik Chowdhury FCA awarded the certificates to the participants.
The members learnt about International Sales/ Purchase Contract, Imports & Exports under Collection Procedure/Contract Procedure, Documentary Draft Transaction, Banking Relationship ,Role of Banks in Imports & Exports Business, Parties involved in Documentary Credit (LC)
Operation, Types of LC ,Advising of Credits and Functions of Nominated Bank, Documentary Credit Transaction and other related matters, etc in the workshop.
Workshop on Import-Export Procedures and International Trade
ICAB attends Bangladesh Capital Market Conference 2015
10
September 2015 No. 311
The Council of ICAB in its meeting held on 14 July 2015, constituted the 5-member Election Commission headed by Chief Election Com-missioner Anil Chandra Nath FCA under Bye-Law 13 of the Bangladesh CA Bye-Laws, 2004, for holding election of the Council and the election of the Regional Committee(s) of
the Institute simultaneously for 3 years (2016-’18). The other Election Commissioners are Abul Kashem FCA, M. Idris Ali FCA, Qudrat-e-Khuda FCA and Mohammad Solaiman FCA. The election is scheduled to be held on 28 November 2015 at the ICAB Premises.
5-Member Election Commission formed by ICAB Council
Final List of Contesting Candidates for Council from Dhaka Regional Constituency
Sl. Voter Enrl. NameNo. Nos. No. 01 03 527 Abedin, Kamrul FCA02 85 535 Ahmed, Nasir Uddin FCA03 293 446 Bhuiyan, Shah Md Zakaria FCA04 323 363 Choudhury, Dr. Jamshed Sanyiath Ahmed FCA05 329 274 Choudhury, Muallem Ahmed FCA06 337 343 Chowdhury, Anwaruddin FCA07 347 337 Chowdhury, Masih Malik FCA08 366 766 Chowdhury, N I FCA09 412 521 Farooq, Muhammad FCA10 423 716 Ghosh, Gopal Chandra FCA11 501 185 Hoque, Md Mozammal FCA12 509 833 Hosain, Md Mahamud FCA13 529 767 Hossain, Md Akbar FCA14 564 672 Hossain, Md Shahadat FCA15 624 452 Hussain, Muhammed Farhad FCA16 643 533 Islam, Dewan Nazrul FCA17 644 606 Islam, Dewan Nurul FCA18 657 890 Islam, Md Fokrul FCA19 676 615 Islam, Md Syful FCA20 724 644 Islam, Towfiqul FCA21 748 462 Kabir, Md Humayun FCA22 753 626 Kaiser, Md Abu FCA23 761 829 Kamal, Mostafa FCA24 784 328 Kasem, Akhtar Sohel FCA25 798 439 Khan, Abbas Uddin FCA26 800 652 Khan, Adeeb Hossain FCA27 811 401 Khan, Dr. Md Abu Sayed FCA28 857 820 Khusru, Mahmudul Hasan FCA29 886 632 Mahmud, Parveen FCA30 940 656 Mobin, Noor-E-Khoda Abdul FCA31 1008 353 Nayeem, Abu Sayed Mohammed FCA32 1009 469 Nesaruddin, A F FCA33 1041 760 Quader, Ghulum Murshed Latiful FCA 34 1048 588 Rabbani, Khondkar Atique-e- FCA35 1095 815 Rahman, Md Mahsudur FCA36 1174 697 Rashid, Md Harun-Or- FCA37 1175 607 Rashid, Mohammad Hamidur FCA38 1254 570 Salam, Md Abdus FCA39 1289 118 Shaheedullah, Mian Muhammad FCA
Final List of Contesting Candidates for Council From Chittagong Regional Constituency
Sl. Voter Enrl. NameNo. Nos. No. 01 20 699 Barua, Sidhartha FCA02 81 748 Mazumder, Md Shaifur Rahman FCA03 98 722 Siddique, Moddassar Ahmed FCA
Final List of Contesting Candidates for Dhaka Regional Committee (DRC)
Sl. Voter Enrl. NameNo. Nos. No.
01 33 1115 Ahmed, Abu Sayeed FCA02 79 800 Ahmed, Mohammad Mohiuddin FCA03 162 972 Alam, Mohammad Khairul FCA04 241 975 Azim, Md Ashraful FCA05 507 1129 Hoque, Muhammad Aminul FCA06 587 1077 Hossen, Md Sarwar FCA07 906 1156 Mannan, Abdul ACA08 998 1030 Nandi, Uzzal Kumar FCA09 1187 939 Reza, Md Selim FCA10 1190 838 Reza, Muhammed Shamim FCA11 1192 1183 Rezvi, Md Ali Akther ACA12 1304 1164 Siddiki, Md Al Amin ACA13 1316 1054 Sowdagar, Md Abu Khair Hasanul Hasif FCA14 1359 1147 Uddin, Md Jasim FCA
Final List of Contesting Candidates for Chittagong Regional Committee (CRC)
Sl. Voter Enrl. NameNo. Nos. No. 1 26 893 Chowdhury, Arup FCA
2 41 902 Dawood, Ahmed FCA
3 52 971 Hasan , Imran Abu FCA
4 53 888 Hasan, Md Kamrul FCA
5 73 994 Kabir, Mohammed Reazul FCA
Anil Chandra Nath FCA
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September 2015No. 311
hittagong Regional Committee (CRC) of ICAB organised a CPD Seminar on "Finance Act
2015-Major Changes to Income Tax & VAT" on 12 September 2015 at the Conference Hall of ICAB-Chittagong Regional Office, Chittagong.
Apurba Kanti Das, Commissioner of Taxes Zone-01, Chittagong was present as Chief Guest. Showkat Hossain FCA, Past President and Council Member-ICAB & Resident Partner, Hoda
Vasi Chowdhury & Co., Chartered Accountants conducted as the Session Chairman. Shekhar Ranjan Kar FCA, Past Chairman, CRC-ICAB and Group CFO & Company Secretary, BSRM Group of Companies presented the keynote paper in the seminar.
C
CRC-ICAB organized CPD Seminar on 'Finance Act 2015-Major Changes to Income Tax & VAT'
Two Companies panelized for Qualified Reports by
MABS & J Partners Based on qualified report on the Audited Financial State-
ments for the year ended 30 June 2014 BSEC fined the
Directors of Alltex Industries Ltd by Taka five lac, each.
BSEC also penalized each of the Directors of Dacca Dyeing
& Manufacturing Co Ltd (DDMCL) by Taka two lac based on
qualified audit report by the same CA Firm on the Audit of
Financial Statements for the fiscal year 2013.
ICAB President attends Jury Board Meeting for Daily
Star-DHL Business Awards ICAB President Masih Malik Chowdhury FCA attended the Jury Board Meeting for the Daily Star-DHL Bangladesh
Business Awards at the Azizur Rahman Conference Hall,
Daily Star Centre, Dhaka on 11 September 2015. Mr. Chow-
dhury is one of the members of the Jury Board for the Daily
Star-DHL Bangladesh Business Awards (BBA) , a most
prestigious award in the country which is jointly organized by
The Daily Star and DHL Express Bangladesh every year.
The awards have been given to the exceptional business
leaders of the country with a view to promote ethical
business practice since 2000.
Exclusive Interview of Shahadat
Hossain in Ekushey TV, Tells on FRA
ICAB Council Member Md Shahadat Hossain FCA participated in Ekushey Business program on capital market which was broadcast live in Ekushey TV on 7 September 2015. In an exclusive interview Mr. Shahadat spoke on current capital market trend & its related phenomenon, the Financial Reporting Act 2015, accounting & auditing standards, etc.
On a query he described some sections of Financial Reporting Act which he said definitions of auditor and professional accountant are not clear. He also highlighted some core functional areas of the Act including provision for punishment for auditor which are inconsistant and impracticable.
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September 2015 No. 311
ICAB Academic Campus NewsThe Pre-examination Classes for Professional Stage-Knowledge Level (12th Batch, Sections: G-I), Application Level (11th Batch, Sections: A-D) and Advanced Stage (10th Batch, Section: A) have started from 06 September 2015 for Examination Session: November-December 2015 at ICAB New Academic Campus. These batches will be concluded on 29 November 2015. There are 512 students enrolled for the Class Session: September-November 2015 and 133 teachers will conduct the classes. As a result, the cumulative number of participated students of ICAB under new curriculum has come to 9,476 till September 31, 2015.On the other hand, a- new session for the students of Professional Stage- Knowledge Level (13th Batch) will
commence from Tuesday, 01 December 2015 at ICAB New Academic Campus. A Notice has already been issued in this regard, and all concerned students are advised to enroll the classes by 10 November 2015 at ICAB New Academic Campus.The notice of Special Classes for the Students of Professional Stage- Knowledge & Application Levels for Examination Session: November- December 2015, who are now engaged in Union Parishad Audit Works and staying outside Dhaka, has been issued on Tuesday, 29 September 2015 at Campus. Students intending to attend the special classes will be required to enroll/register their names on or before 20 October 2015 at ICAB New Academic Campus, 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar, Commercial Area, Dhaka-1215. All concerned
students are also requested to submit application through and with the recommendation of the respective Principal of the Firms, to the address of ICAB New Academic Campus.Meanwhile, the refurbishments of ICAB New Academic Campus at 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar, Commercial Area, and Dhaka-1215 have mostly done, and the rest works of it will be completed by October 2015. The Programme and Session have been organised by the Additional Director & his Team at ICAB Academic Campus under the supervision of the Vice President (Education & Training)-ICAB, Mr. A F Nesaruddin FCA with the consent and guidance Mr. Masih Malik Chowdhury FCA, President-ICAB Mr. ABM Azizuddin FCA, Chairman of Board of Studies-ICAB & Co-chairman, Md Abdus Salam FCA.
Resource Persons: ICAB Academic Campus (Session: September-November 2015)Name of Resource Persons(Sections- G, H & I of PS-KL-12th Batch)
Mr MAKH Hasif Sowdagar FCA
Mr Md Amran Hossan ACA
Mr Mohammad Rostam Hosain ACA
Mr Obaidur Rahman FCA
Mr Md Humayan Kabir FCA
Mr Muhammad Kamruzzaman ACA
Mr Chitta Ranjan Halder FCA
Mr Md Akber Hossain Khan ACA
Ms Tasnuva Ahmed ACA
Mr Mahmudur Rahman 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
Mr Sheikh Tareq Zahir FCA
Mr Ramdas Howlader FCA
Ms Farjana Yeasmin ACA
Mr Md Razib Hossain ACA
Mr Shadhan Chandra Das FCA
Mr Abu Hena Mustafa Kamal ACA
Mr Shyamal Krishna Roy FCA
Ms Sharmina Tasneem FCA
Mr Badal Chandra Rajbangshi ACA
Mr Md Zahurul Islam ACA
Mr Md Abdullah-Al-Amin ACA
Mr Nazmul Hussain Siddique ACA
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September 2015No. 311
Announcement(Classes of Next Session)
The New Session (December 2015-February 2016) for the Students of Professional Stage-Knowledge Level (13th Batch) will start from Tuesday, 01 December 2015 at ICAB New Academic Campus, 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar, Commercial Area, Dhaka-1215. A Notice has already been issued in this matter, and all the concerned students are advised to enroll for the classes by 10 November 2015 at ICAB New Academic Campus.
Source: ICAB Campus
Name of Resource Persons(Sections- A-D of PS-AL-11th Batch)
Mr Mohammed Tofazzul Hussain FCA
Mr Abdullah-Al-Mamun FCA
Mr Anwaruddin Chowdhury FCA (GT)
Mr Obaidur Rahman FCA
Mr Mohammad Redwanur Rahman FCA
Mr Anup Kumar Sarker ACA
Mr Md Shafiqul Alam FCA
Mr Md Kahir Mahmud FCA
Mr Masud Khan FCA-India (GT)
Mr Shaheduzzaman Choudhury FCA
Mr Mohammad Imtiaz Khan FCA
Mr K M Atiqul Islam ACA
Mr Mahmudul Hasan Khusru FCA
Mr Abdul Khalek FCA
Mr Md Amirul Islam FCA
Mr Abdulla-Al-Mahmud FCA
Mr Md Mahsudur Rahman FCA
Mr Md Sarwar Hossen FCA
Mr Shafiq Musharrof FCA
Mr Gopal Chandra Ghosh FCA
Mr Sabbir Ahmed FCA
Mr AH Mostafa Kamal Khan
Mr Shamim -Al-Mamun FCA
Mr Dipok Kumar Roy ACA
Mr Sayeed Ahmed FCA
Mr Md Akbar Hossain FCA
Mr Mohammed Forkan Uddin FCA
Mr Mohammad Abdul Ohab Miah FCA
Mr Md Din Islam Miah FCA
Mr Mohammed Sabir Ahmed FCA
Dr Jakerul Abedin (GT)
Mr Mohammad Abdul Matin
Mr Md Fokrul Islam FCA
Mr MAKH Hasif Sowdagar FCA
Mr Muhammad Aminul Hoque FCA
Mr Md Mahamud Hosain FCA
Mr Md Abdur Rouf FCA
Mr Shahriar Istiaq Halim FCA
Mr Md Abdur Razzaque FCA
Mr Md Ziaul Alam ACA
Mr Bibhuti Bhushan Biswas FCA
Mr Anup Kumar Mukherjee FCA
Mr Zakir Hossain FCA
Mr Ranjan Kumar Bhowmik FCMA
Mr Md Reajul Islam FCA
Mr Imtiaz Lutful Baset FCA
Mr Md Selim Reza FCA
Mr Syed Mohammed Kowser Hossain (GT)
Mr Palash Mollick
Mr Mohammad Aminul Hoque FCA
Mr Shah Muhammad Ashequr Rahman FCA
Mr Ajit Kumar Paul FCA (GT)
Mr Mostak Ahmmed FCA
Mr S M Rahmatul Mujeeb FCA
Mr Md Abdul Ahad ACA
Mr Sujan Kumar Saha ACA
Mr Gopal Chandra Ghosh FCA
Mr Mohammad Salahuddin Chowdhury FCA
Mr Mohammad Nazim Uddin FCA
Mr Md Lutfar Rahman ACA
Mr Sk. Md Tarikul Islam ACA
Mr Md Arshadul Kabir ACA
Mr Md Jehad Uddin
Mr Snehsish Barua FCA
Mr Sheikh Noor Mohammad (GT)
Mr Abdullah Al Yousuf (GT)
Mr. Yasin Miah FCA
Mr Md Abdullah-Al-Amin ACA
Mr Nazmul Hussain Siddique ACA
Name of Resource Persons(Sections- A of AS-10th Batch)
Mr Gopal Chandra Ghosh FCA
Mr Mohammad Mehdi Hasan FCA
Mr Mohammed Forkan Uddin FCA
Mr Anwaruddin Chowdhury FCA(GT)
Mr Sabbir Ahmed FCA
Mr Abdullah-Al-Mamun FCA
Mr Shahriar Istiaq Halim FCA
Mr Sk. Md Tarikul Islam ACA
Mr Masud Khan FCA-India (GT)
Mr Sayeed Ahmed FCA
Mr Snehsish Barua FCA
Visiting Faculties(for Ongoing Session)
Name of Visiting Faculties
Mr. Masih Malik Chowdhury FCA
Mr. A F Nesaruddin FCA
Mr. ABM Azizuddin FCA
Mr. Anwaruddin Chowdhury FCA
Mr. Md Syful Islam FCA
Mr. Md Abdus Salam FCA
Mr. Gopal Chandra Ghosh FCA
Mr. Abdul Khalek FCA
Mr. Md Amirul Islam FCA
Mr. Sabbir Ahmed FCA (E-770)
Mr. Mohammad Mehdi Hasan FCA
Mr. Ajit Kumar Paul FCA
Dr. Jakerul Abedin
Mr. Md Jehad Uddin
Mr. Syed Mohammed Kowser Hossain
Mr. Sheikh Noor Mohammad
Mr Abdullah Al Yousuf
Mr. A H Mostafa Kamal Khan
Campus News Continued.
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September 2015 No. 311
Permission to train Articled StudentsThe following members have been given permission to train Articled Students with effect from the dates mentioned against their names:
Name Effective Date
Mr. Syed Rafiqul Alam FCA (386) 21 September 2015PartnerHoda Vasi Chowdhury & Co.,Chartered Accountants,BTMC Building(Level-7 & 8), 7-9, Karwan Bazar,Dhaka-1215
Mr. AKM Kamrul Islam FCA (670) 21 September 2015PartnerIslam Aftab Kamrul & Co.,Chartered Accountants,BSCIC Electronics Complex (Level-5)Plot # 1/1/,Road # 3,Avenue-4, Section-7, Mirpur, Dhaka
Mr. Sabbir Ahmed FCA (770) 21 September 2015PartnerHoda Vasi Chowdhury & Co.,Chartered Accountants,BTMC Building, (Level-7 & 8), 7-9, Karwan Bazar, Dhaka-1215
Name Effective Date
Mr. Md. Eftekhar Ali FCA (910) 21 September 2015PartnerS K Barua & Co.,Chartered Accountants,House # 181 (2nd floor), Lane # 23, New DOHS, Mohakhali, Dhaka-1206
Mr. Md. Shamim Ahsan FCA (1047) 21 September 2015PartnerIslam Jahid & Co.,Chartered Accountants,East Tejturi Bazar (2nd floor)Kawran Bazar, Dhaka-1215
Mr. Mohammad Mofizul Haque 21 September 2015Rinku ACA (1204)PartnerRahman Mostafa Alam & Co.,Chartered Accountants,Paramount Heights (7th floor D2)65/2/1, Box Culvert RoadPurana Paltan, Dhaka-1000
Mr. Mohammad Anwarul 21 September 2015Hoque ACA (1458)PartnerS K Barua & Co.,Chartered Accountants,House # 181 (2nd floor), Lane # 23, New DOHS, Mohakhali, Dhaka-1206
Source: Secretariat-ICAB
Congratulations
We MournJoachim Andrew Gomes FCA
(Enrolment No. 04), Proprietor,
Andrew Gomes & Co., Chartered
Accountants, died on 09 September
2015 due to Hepatitis –B disease.
He was 88.
He left behind his wife, 03 sons and
6 daughters. On behalf of the
Council Members of the Institute, the President of ICAB
Masih Malik Chowdhury FCA expressed deep sorrow at the
demise of Mr. Gomes and prayed for the salvation of his
departed soul. May Allah give the bereaved family the
strength and courage to bear the irreparable loss.
Tofazzul Hussain FCA,
Lead Consultant and
the Chairman of
HUSSAINS Business
Consultants Ltd has
participated in the
Certified Management
Consultant International
Conference 2015 held
from 22-28 September
2015 in the Netherlands
under the International
Council of Management
Consulting Institutes
(ICMCI).
Tofazzul Hussain in CMCI Conference
15
September 2015No. 311
Research Director of UK, FRC, Andrew Lennard, President of German Accounting Standards Setting Board Prof. Dr. Andreas Barckow.
Courtesy Call on ICAEW Deputy President and Meeting with ICAEW Senior Executives
ICAB delegates paid a courtesy call on ICAEW Deputy President and held a meeting with Senior Executives at Chartered Accountants' Hall, Moorgate Place, London on 30 September 2015.
The meeting with ICAEW Deputy President Dr. Hilary Lindsay, Head of New Business Development, Justin West and International Affairs Manager Ms. Christina Pavlis discussed various professional issues.
ICAEW Deputy President acknowledged the importance of mutual collaboration between the two institutes and she showed her interest to enhance the strength of this relationship.
ICAB President shared the current status of a c c o u n t a n c y profession in Bangladesh and ICAB’s major initiatives
towards professional development. He also congratulated the Deputy President of ICAEW in advance to her presidency for the year 2016. He invited her to visit ICAB at a suitable time.
ICAEW Executive Director Vernon Soare, Head of New Business Development Justin West, International Affairs Manager Christina Pavlis were present in another meeting at same venue on the same day. ICAB President and other delegates discussed in details about the current status of ICAB and the profession with them.
Online education and library facilities for
ICAB students and members, arrangement of training for ICAB members for online IFRS and clarified ISA certification program, support in development of ICAB’s SIG and faculties, World Bank Project, etc were the dominant issues in the meeting.
They visited London Stock Exchange (LSE) on 30 September. On the way back from UK, ICAB President and Past President Syful Islam FCA visited Qatar for exploring new career opportunity for the members of the Institute, in a brief stop over.
(From back page) ICAB delegates participate in IASB World...
coordination meeting between Bangladesh Bank high officials and ICAB working group was held on
20 September 2015 to discuss the expectation gaps and way forwards to reduce the gaps.
Abu Hena Mohd. Razee Hassan, Deputy Governor, Bangladesh Bank briefed about background of the meeting. ICAB President also briefed on ICAB’s role to promote transparency and governance in Accountancy and Audit services. He said ICAB is committed to disseminate technical knowledge and practical implementation of various Accounting and Auditing
Standards like IFRS, ISA and the related laws, regulations and fiscal matters such as income tax, VAT, customs duty among various stakeholders and institutions.
ICAB has been arranging and strictly monitoring the training programs, workshops, round table dialogues organized its premises for the stakeholders, he further said. The President also mentioned that the meeting between the two organizations is very important. He hoped that such dialogue and interaction between ICAB and Bangladesh Bank will continue in future for mutual benefit.
ICAB member & convener of BB working group Sabbir Ahmed FCA highlighted the role of auditor and common areas of expectation & gap.
Among others, Bangladesh Bank, Representatives from different departments, ICAB Vice Presidents A F Nesaruddin FCA, Kamrul Abedin FCA, Council Member & Past President Md. Syful Islam FCA, Fellow Members Md. Raghib Ahsan FCA, Md. Jahidur Rahman FCA, Muhammad Aminul Hoque FCA, Mohammed Hamidul Islam FCA, Muraheb Malik Chowdhury FCA, Ashraf-Uz-Zaman Ali ACA were present in the meeting.
A Coordination Meeting between Bangladesh Bank High Officials and ICAB Working Group
A
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September 2015 No. 311
Published by the Editorial Board of the Council, The Institute of Chartered Accountants of Bangladesh (ICAB)100 Kazi Nazrul Islam Avenue, Dhaka 1215; Tel. 9117521, 9112672, 9115340 , 9137847 Fax: +880-2-9125266, E-mail: [email protected], Website: www.icab.org.bd
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]
CAB President Masih Malik Chowdhury FCA along with his team participated in meeting in World
Standard Setters program, meetings with delegates from CPA Ireland, ICAB UK Chapter and ICAEW representatives during a visit in London, UK from 26 -29 September 2015. The other members of the ICAB team were Council Member & Past President Md. Syful Islam FCA and Director (Technical) Mahbub Ahmed Siddique FCA.
Meeting with delegates from CPA Ireland ICAB President Masih Malik Chowdhury FCA, Council Member & Past President Md. Syful Islam FCA and UK Chapter Chairman AKM Fazlur Rahman FCA held a meeting with delegates from CPA Ireland at Novotel London Tower Bridge Hotel on 26 September 2015. They discussed on Cash Basis IPSAS and IFRS. In the meeting, Director (Member Services), CPA Ireland Fitz Gerald assured that CPA Ireland would continue its cooperation in education, certification and training on implementation of both cash and accrual basis IPSAS for ICAB Members and other stakeholders of ICAB in Bangladesh. Technical Director of Nelson Croom Ltd, Nelson Croom was also present. Both ICAB and CPA Ireland showed their high interest to work together for
mutual collaboration and professional development in coming days.
Meeting with UK ChapterICAB delegates held a meeting with UK Chapter Chairman AKM Fazlur Rahman FCA and members of the Chapter in UK at 117 Clapham High Street, London on 27 September 2015. They shared their views on professional issues and the key developments of ICAB. In the meeting ICAB President shared the matters regarding FRA and FRC in Bangladesh. Other participants also expressed their views and suggestions on the challenges of FRA. ICAB delegates also sought continued cooperation from UK Chapter in this
regard.
IASB World Standard Setters ConferenceIASB World Standard Setters Meeting on Financial Reporting Standards was
held at Grange City Hotel London on 28-29 September 2015. IASB Chairman and Board Members, Executive Technical Director and other Technical Executives of IASB, Executive Director of IFRS Foundation and
President, Council Members & Technical Staffs from Institutes of more
than 60 Countries participated in the meeting. This was full of technical sessions on latest development of IFRS and relevant issues. Indeed the whole program was full of fellowship and networking events with the leaders
and technical experts from accountancy and relevant regulatory organizations from 60 countries.Apart from participating in the technical sessions, ICAB delegates separately held meetings with the Executive Director of IFRS Foundation,
ICAB Delegates participate in IASB World Standards Setters Conference, Meetings with
CPA Ireland, ICAEW and UK Chapter in London
I
Contined page 15
Schedule of Trainings and Workshops in October
The tentative schedule of the ICPE organised Trainings and Workshops in October 2015 are furnished below:
Source: ICAB Centre for Professional Excellence (ICPE)
Title DateWorkshop on "E�ective Presentation through PowerPoint"
3 & 10 October
11-29 October
17 October
Training on "Preparation of Accounts in Modern Commercial Accounting System" for O�cers/Sta� of BTCL
Workshop on E�ective Communication Skills
31 October Workshop on "Writing Skills"