02 February 2015 - ICAB Training Program on "SAP ERP -FI/ CO" ICAB organized for Training Program on...

Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh

ICABICAB NEWS BULLETINFebruary 2015

Number 304

ISSN 1993-5366

on’ble President of the People’s Republic of Bangladesh Md. Abdul Hamid said that the chartered accountants (CAs) should play

their roles with due integrity to prevent wastage of public money and ensure transparency, accountability and discipline in the country's financial sector.

"There have to have strict control so that the people's hard-earned money is not wasted. As such, I expect the CAs, and the public accounts auditors will play their roles with integrity," said the President.

He was speaking as the Chief Guest at the 20th Convocation-2015 of the Institute of Chartered Accountants of Bangladesh (ICAB) at Pan Pacific Sonargaon hotel, Dhaka on 08 February 2015.

Hon’ble Commerce Minister Tofail Ahmed was the special guest while Dr Qazi Kholiquzzaman Ahmad, eminent economist and chairman of Palli

Karma-Sahayak Foundation (PKSF), was the convocation speaker at the function.

ICAB president Masih Malik Chowdhury FCA gave welcome address and its Vice President (E&T) AF Nesaruddin FCA gave vote of thanks.

Around 336 newly qualified CAs received their certificates at the convocation.

Mr Abdul Hamid said, "Key traits of the chartered accountancy profession is honesty and people's trust and confidence on you (CAs)."

He expected that the CAs will duly follow their "code of ethics" and thus, uphold their own integrity and people's trust bestowed on them.

At the same time, the Hon’ble President hoped that the CAs will always give priority to the national interest in discharging their responsibilities.

Citing the certification of financial statements 'very important' as it unveils actual scenario of a

H

01

04

05

05

06

10

11

13

14

14

14

15

15

15

15

15

16

17

17

17

17

17

18

18

Hon’ble President.... ICAB’s 20th Convocation

ICAB team met Health & Family Welfare Secretary

Training and Workshops in February

Meeting with Chairman, Parliamentary... Finance

President’s Communica-tion February 2015

Congratulations to Newly Qualified CAs !!

Results of Professonal Stage KL & AL Exams

4th ManCom Meeting

ICAB Holds Advisory Committe Meeting

M Farhad Hussain Spoke on ‘Business... Show

Obituary

Meeting with Senior Secretary, MoC

Admission as Associate

Admission as Fellows

Permission to Start Practice

Permission to Join as Partner

Campus News

ICAB Observes Interna-tional Mother... Day

CRS-ICAB Observes International... Day

ICAB President Attended LGSP Orientation Program

ICAB Team Met Planning Minister

Members’ Achievement

ICAB Team paid a Courtesy Call... Secretary

ICAB Team met BSEC Chairman

ICAB Holds its 20th Convocation:

Hon’ble President of the People’s Republic of Bangladesh attends as Chief Guest

2

February 2015 No. 304

company and facilitates future plan, the Hon’ble President said the role of the CAs is therefore, vital in disclosing true information of financial situation.

There is huge demand for chartered accountancy professionals both at home and abroad, he said, and called upon the concerned Institutions including the Commerce Ministry to take steps to increase the number of CAs with quality and standard.

Welcoming the new CAs, Mr Abdul Hamid also hoped that they will protect dignity of the certificates awarded to them.

Mr Tofail Ahmed said that country's people expect professional efficiency, transparency and accountability from the CAs.

He also laid stresses on maintaining impartiality, integrity and international standards in certifying the financial statements which will contribute to the national development.

Elaborating the definition of sustainable development, Dr Qazi Kholiquzzaman underlined the need for efficient role of the

accounting professionals to have a sustainable development in the country.

He said that s u s t a i n a b l e development creates equal opportunity for all to advance in terms of socio- economic condition. It is to be ensured that none could be refrained from the process of development, he further said. No country can make progress without

involving its total population. Social discriminations and political instability create a bar towards sustainable development. An uneasy situation

prevails now which affects everyone, he added.

Addressing the new CAs, Mr Masih Malik Chowdhury said, "Maintaining of honesty, efficiency and courage in the professional duties benefit both the country and its people." It makes your achievement purposeful when you love the country and serve the people through patriotic feelings, Mr. Chowdhury said.

Chartered Accountants help maintain accounts and conduct audit in compliance of accounting and auditing standards and maintain professional integrity, transparency and ethical standards. The organizations and corporate entities of our country have got the highest number of awards in SAARC countries for best financial reporting which reckons the contribution of our chartered accountants

Convocation Chief Guest Hon’ble President of the People’s Republic of Bangladesh Md. Abdul Hamid addressing the audiences of Convocation

President-ICAB Masih Malik Chowdhury FCA addressing the audiences of Convocation

Convocation Special Guest Hon’ble Minister, Ministry of Commerce Tofail Ahmed MP addressing the audiences of Convocation

Convocation Speaker Dr. Qazi Kholiquzzaman Ahmad addressing the audiences of Convocation

3

February 2015No. 304

and their professionalism, the ICAB President said.

ICAB updated its education system at global standard and developed its curriculum in line with the curriculum of the Institute of Chartered Accountants in England & Wales (ICAEW), UK. So, ICAB qualified members can advance their career being the member of ICAEW, Mr. Chowdhury said.

ICAB Vice President AF Nesaruddin FCA gave vote of thanks and highlighted progress of CA in education, particularly

in its academic campus and e-library. He specially thanked the Hon’ble President of the People’s Republic of Bangladesh Md. Abdul Hamid for his kind presence in the convocation. He also thanked the special guest Mr. Tofail Ahmed, MP, Hon’ble Minister, Ministry of Commerce & the convocation speaker Dr. Qazi Kholiquzzaman Ahmad and the journalists of print and electronic media. He congratulated the certificate recipients and employees of the Institute to make the program a grand success.

A participant receiving Certificate from the Hon’ble President of the People’s Republic of Bangladesh Md. Abdul Hamid

Past Presidents pictured below awarding Certi�cates to the recipients

4


team of ICAB comprising ICAB

President Masih Malik Chowdhury

FCA, Vice Presidents Kamrul Abedin

FCA, A F Nesaruddin FCA and council

member Muhammad Farooq FCA paid a

courtesy call on Syed Monjurul Islam,

Secretary, Ministry of Health & Family

Welfare, GoB at Bangladesh Secretariat on

11 February 2015.

In the meeting Secretary, Ministry of Health

& Family Welfare said that he is focusing on

the introduction of internal audit in health

sector to measure and evaluate the

effectiveness of the accounting, financial

and operational matters of health

complexes/Govt. clinics. He is concerned

about reduction of audit objections

reported by external auditors. In this

ground the Ministry is looking for ICAB’s

assistance. In response VP (T&R) proposed

that the Ministry can introduce quarterly

audit. So that the observation issues can be

resolved before annual audit.

In this regard President, ICAB said that pre

audit/quarterly audit will help to reduce

the observations found by auditors and

improve the performance of health sector.

But the Ministry should take initiative for

capacity building through appointment of

qualified persons in respective area.

There was details discussion regarding the

UP audit under the Local Governance

Support Project (LGSP), funded by the

Government of Bangladesh (GoB) and the

World Bank. President, ICAB described the

involvement of ICAB in this project. Secre-

tary, Ministry of Health & Family Welfare

appreciated the audit of LGSP and showed

interest to introduce such type of audit in

health sector. He requested ICAB represen-

tatives to convey his interest and plan with

World Bank.

The meeting discussed on the issue of

training on Accounting Standards to

accounting personnel of health sector.

Secretary said that training to accounting

personnel is a time consuming process and

not feasible at current situation. But he

would give due consideration on the

proposal of ICAB and said that they would

communicate to take initiative to train

accounting personnel.


quality of audit. Secretary mentioned that

selection process of audit firm is not

satisfactory. Moreover, quality of Govt. audit

department is needed to be improved.

ICAB team met Health & Family Welfare Secretary

A

A partial view of the 20th ICAB Convocation

5


he ICAB organized a number of trainings and workshops for its members in February 2015 to

inculcate excellence in the CA professionals with updated knowledge keeping abreast with the changing world. The trainings and workshops are as follows:

Training Program on "SAP ERP -FI/ CO"

ICAB organized for Training Program on "SAP ERP -FI/CO" for its members at the Institute training room from 10 January to 14 February 2015. The ERP Software – SAP (FICO Module) will bring dynamism in management capability. A good number of ICAB members participated in the training.

A Total 19 Members participated in the training program. President-ICAB Masih Malik Chowdhury FCA awarded certificates to the participants.

The training is aimed to introduce the participants to SAP environment and provide fundamental knowledge about the functions of all SAP modules.

In the month long training the resource persons were Abdullah Al Mahbub FCA, FCMA, Abu Sufian J Alam and Mohammad Atique Rahman ACA.

Workshop on “Code of Ethics”ICAB organized Workshop on "Code of Ethics for Professional Accountants" for its members at the Institute’s training room on 13 February 2015. A total of 50

members participated in the workshop.

The workshop covers topics; General

Application of the Code, Professional

Accountants in Business and

Professional Accountants in Public

Practice. ICAB Council Member Gopal

Chandra Ghosh FCA, FCMA and Director

(Technical) Mahbub Ahmed Siddique

FCA were the resource persons in the

Two-hour long workshop. The workshop was organized to make conversant the ICAB members about application of code in the accountancy profession.

ICAB Vice President (E& T) AF Nesaruddin FCA inaugurated the workshop and President-ICAB Masih Malik Chowdhury FCA awarded certificate to the participants.

Training and Workshops in February

T

A team of ICAB led by ICAB President

Masih Malik Chowdhury FCA met

Chairman, Parliamentary Standing

Committee on Ministry of Finance Dr.

Abdur Razzak at Parliament secretariat on

4 February 2015. The other members of the

team were Council Members and Past

Presidents Md. Syful Islam FCA, Md Abdus

Salam FCA and Council Member AF

Nesaruddin FCA.

ICAB team said that the Institute would always welcome the government’s steps, which has been taken for the greater interest of people to enhance the functions of Financial Reporting and the accounting & auditing profession. ICAB have submitted some recommendations for consideration of the government for removing some contradictions in the proposed FRA. They also said that World Bank’s Report on the

Observance of Standards and Codes (ROSC) 2014 has mentioned some recommendations that discouraged the formation of Financial Reporting Council. In this point they drew some section of the ROSC 2014. The team also submitted the ROSC 2014 to the Chairman. The Chairman gave patient hearing to the ICAB team and assured the ICAB team of his best cooperation.

Meeting with Dr. Md. Abdur Razzak MP, Chairman, Parliamentary Standing Committee on Ministry of Finance

6


Dear Fellow Members,

Assalamu Alaikum and Greetings to you all !

In the month of February 2015, the 2nd

month of my presidency, I would not say

long stories of works done. But my actions

and implementations of some thoughts out

of my inherent passion for development of

ICAB may deserve your notice, if not

appreciation. I have harnessed

opportunities to make the Institute's HR

infrastructure by bringing more vibrant

dynamism & motion with time frame in the

day to day Institute activities.

With this prelude, I want to update you

with the initiatives taken in February 2015.

The lesson from our glorious language

movement of 1952 is our most precious

national pride. We paid tribute to the

memory of valiant language sons of the

soil. They sacrificed their lives, for the

mother tongue Bangla. The Nation

remembered their contribution in fanfare

& we followed it as always.

Activities of the month, February 2015

Meeting with the Chairman,

Parliamentary Standing Committee of

Jatiyo Sangshad

I led a team of ICAB to the Chairman,

Parliamentary Standing Committee on the

Ministry of Finance Dr. Abdur Razzak at

Parliament Secretariat. In the meeting ICAB

reiterated the Institute’s welcome message

to the Government’s steps for Financial

Reporting Council and the accounting &

auditing profession. We informed the

Chairman about ICAB’s recommendations

for the Government for removing

ambiguity in the proposed FRA to match

the existing laws. It apprised the Chairman

about World Bank’s Report (2014) on the

Observance of Standards and Codes

(ROSC) vis-a-vis that of 2003. The report has

made new recommendations in like of

Financial Reporting Council. In this regard,

ICAB team drew the attention of the

Chairman to some sections of the ROSC

2014. The Chairman gave a patient hearing

and assured the team about his

cooperation.

Meeting with the Honb’le Planning

Minister AHM Mustafa Kamal FCA, MP

A team of ICAB led by me was called on the

Planning Minister AHM Mustafa Kamal FCA

at his residence. It discuss various aspects

of CA Profession. The team comprised of

Council Member & Past President Md

Abdus Salam FCA and Past President AK

Chowdhury FCA. We discussed ICAB’s

recent development on monitoring and

President’sCommunicationFebruary 2015

7


regulating the CA firms, IDC matters and

developing education system of the

Institute.

Hon’ble President of the People’s

Republic of Bangladesh attends ICAB’s

20th Convocation as Chief Guest

"There have to have strict control so that

the people's hard-earned money is not

wasted. To this effect, I expect the CAs,

along with the public accounts audit, will

play their roles with integrity," the

President aspired in his address.

He spoke as the Chief Guest at the 20th

Convocation-2015 of ICAB at Pan Pacific

Sonargaon Hotel, Dhaka on 08 February

2015.

Hon’ble Commerce Minister Mr. Tofail

Ahmed was the Special Guest, while Dr

Qazi Kholiquzzaman Ahmad, eminent

economist and Chairman of Palli

Karma-Sahayak Foundation (PKSF), was the

Convocation Speaker.

As president I gave welcome address and

Vice President (E&T) AF Nesaruddin FCA

offered the Vote of thanks.

336 newly qualified CAs received their

certificates in the convocation while few of

them remained absent.

Hon’ble President of People’s Republic of

Bangladesh Md. Abdul Hamid told in his

address that the Chartered Accountants

(CAs) should play their due roles with

integrity to prevent wastage of money and

ensure transparency, accountability and

discipline in the country's financial sector.

ICAB team met Health & Family Welfare

Ministry’s Secretary

With a view to strengthen liaison with

government, ICAB team led by me paid a

courtesy call on Secretary, Ministry of

Health & Family Welfare Syed Monjurul

Islam at his Ministry office in Bangladesh

Secretariat. The team comprised of Vice

President Kamrul Abedin FCA, A F

Nesaruddin FCA and PDC Chairman

Muhammad Farooq FCA. PDC Secretary Ms.

Farhana Sultana ACA was also present.

In the meeting Secretary, Ministry of Health

& Family Welfare talked about his focus on

the introduction of internal audit in health

sector to measure and evaluate the

effectiveness of the accounting, financial

and operational matters related to health

complexes/Govt. clinics. He expressed his

concern about reduction of audit

objections reported by external auditors,

specially in donors audit. He stated that the

Ministry would seek ICAB’s assistance. In

response to this, the Ministry can introduce

quarterly audit to resolve the issue before

Annual Audit, we proposed.

Pre-audit/quarterly audit would help

reduce the observations found by auditors

and improve the financial performance of

health sector, we suggested. The team

sought initiative from the Ministry for

capacity building through the

appointment of qualified person in

respective area. Issues regarding the UP

audit under the Local Governance Support

Project (LGSP-II), funded by the

Government of Bangladesh (GoB) and the

World Bank, training on Accounting

Standards to accounting personnel of

health sector and the quality of audit were

discussed in the meeting.

Meeting with Senior Secretary, Ministry

of Commerce

A team of ICAB comprising myself, Council

Member and Past Presidents Md. Syful

Islam FCA, M Farhad Hussain FCA and

Adviser Burhanuddin FCA met Senior

Secretary of Ministry of Commerce Mr.

Hedayetullah Al Mamoon at Bangladesh

Secretariat on 12 February 2015. The ICAB

team apprised the Senior Secretary about

updated reports of World Bank on Report

on the Observance of Standards and Codes

(ROSC) 2014. They drew attention on some

recommendations of ROSC and said that

the World Bank discouraged the formation

of Financial Reporting Council. The team

also mentioned that there is no such FRC in

the SAARC countries to regulate and

control the Chartered Accountancy

profession. However, the Council would

bring some positive changes, if it is formed

keeping the country's perspective in view,

the Secretary aspired. The Secretary gave a

patient hearing to us. He assured his good

cooperation for development of CA

profession.

Courtesy Call on Education Secretary

I led an ICAB team on a courtesy call to

Secretary of Ministry of Education Mr.

Nazrul Islam Khan at later’s office at

Bangladesh Secretariat on 12 February

2015.

Other members of the team were ICAB Vice

President Kamrul Abedin FCA, Past

President Abdus Salam FCA and PDC

Chairman Muhammad Farooq FCA.

The Secretary assured us that the

Ministry of Education would like to revise

the syllabus from SSC to Masters Level for

Business and Commerce courses based

on current market scenario & demand.

For this he sought co-operation from

ICAB. The Secretary requested ICAB for

the arrangement of an interactive

workshop soonest. I requested for a

formal letter from the Ministry for ICAB’s

initiative for arrangement of the

workshop while, highly appreciating his

erudite initiatives.

ICAB team showed keen interest in

working with the Ministry regarding the

development of country’s financial sector.

ICAB can provide training on Financial

Management to accounting personnel we

assured. The Secretary considered the

proposal of ICAB positively and assured

that they would soon communicate with

ICAB if they take initiative to train

accounting personnel.

8



commencement of audit in Govt. schools

and colleges again at a standard fee I

categorically stated. The Secretary assured

that he would explore the present status

of audit, explore possibility and

communicate with ICAB in due time.

Workshop on “Code of Ethics”

ICAB organized a workshop for members

in its training room on "Code of Ethics for

Professional Accountants" on 13 February

2015. A total of about 50 members

participated in the workshop. The

workshop covered topics like General

Application of the Code, Professional

Accountants in Business and Professional

Accountants in Public Practice inter alia.

ICAB Council Member Gopal Chandra

Ghosh FCA, FCMA and Director

(Technical) Mahbub Ahmed Siddique FCA

were the resource persons in the

Four-hour long workshop.

ICAB Vice President (E&T) AF Nesaruddin

FCA inaugurated the workshop and I

distributed the certificates to the

participants as President-ICAB.

Training and Workshops in February 2015

Training Program on "SAP ERP -FI/ CO"

ICAB conducted the Training Program on

"SAP ERP -FI/CO" for its members at the

training room of the Institute on 14

February 2015. The ERP Software – SAP

(FICO Module) is expected to bring

dynamism in management capability. A

Total of 19 members participated in the

training program. As President-ICAB

certificates for participants were

distributed by me.

The training was aimed to make the

participants conversant to SAP

environment. It also provided

fundamental knowledge about functions

of all SAP modules.

The resource persons for this month long

training were Abdullah Al Mahbub FCA,

FCMA, Abu Sufian J Alam and Mohammad

Atique Rahman ACA.

Attended LGSP-II Orientation Program

As ICAB President myself accompanied by

Vice President AF Nesaruddin FCA

attended ‘Orientation Program on

Financial Audit, Performance Assessment,

Fiduciary and Safeguard Compliance

Assessment of Union Parishad (UP) Audit’

conducted by LGSP-II at BIAM Foundation

on 15 February 2015. In the program,

quality of audit, co-ordination between

LGSP and auditors & participative training

session were discussed. I stressed for

security of audit team in the current

political imbroglio. The belated payment

of pending bill by LGSP and the means on

how auditor can meet Government

expectation, etc. were in the forefront of

discussion.

Met BSEC Chairman

A team of ICAB headed by me met BSEC

Chairman Prof. Dr. M. Khairul Hossain at his

office on 15 February 2015.

Other members of the team were ICAB

Vice Presidents Kamrul Abedin FCA, A F

Nesaruddin FCA and Council Member and

PDC Chairman Muhammad Farooq FCA.

BSEC Commissioners Prof. Md. Helal Uddin

Nizami, Arif Khan FCMA CFA and Md.

Amzad Hossain accompanied the BSEC

Chairman in the meeting.

Discussing about the audit quality, the

ICAB team stated that the audit fees are

too poor to maintain the cost of quality

audit by the CA Firms. Increasing audit

fees is believed to increase the

accountability of the auditor, we echoed.

Accordingly ICAB has taken initiative to

reschedule the audit fees, we informed

BSEC. ICAB would make a detailed

guidelines regarding the new audit fees

and selection process of auditors with

proper reference and share the guidelines

with BSEC. BSEC team assured that they

would take initiative after getting the

guidelines from ICAB. BSEC requested

ICAB to meet frequently or at least once in

a quarter with them if not more.


investigation and disciplinary actions

taken by ICAB and thanked BSEC for

cooperation in this regard. Based on the

observations of BSEC, ICAB has taken

several disciplinary actions against the CA

firms, we affirmed.

I mentioned that in some cases it was

found that BSEC only send a copy of show

cause letter against the CA firms to ICAB.

BSEC does not communicate with ICAB

about the review result/status of these

show cause notices. I expressed the hope

that BSEC maintains regular

communication with ICAB. BSEC

expressed that they would like to ensure

expeditious ongoing coordination

between ICAB and BSEC. BSEC Chairman

stated that he expects ICAB to address the

complains made by BSEC duly and take

actions accordingly.

In the meeting, BSEC Chairman sought

cooperation from ICAB for the

introduction of a program for growing

financial literacy among the people. ICAB

team agreed on principle to work

together.

ICAB Observes International Mother

Language Day

I inaugurated the procession of Institute

of Chartered Accountants of Bangladesh

(ICAB) to place floral wreaths at Central

Shaheed Minar in observance of

International Mother Language Day and

Language Martyr Day on Friday, 21st

February 2015. Agi GKz‡k and

9


International Mother Language Day was

observed across the country paying

homage to the martyrs of glorious

language movement in 1952. ICAB

expressed solidarity with the thousands of

people in mourning procession singing,

Avgvi fvB‡qi i‡³ ivOv‡bv GKz‡k †deªæqvwi

Avwg wK fzwj‡Z cvwi. Similar programme

was observed by the members of

Chittagong Regional Committee (CRC) in

Chittagong.

A Good Number of CA Students Qualify

in Final Exams

I am happy to note that number of

students qualified in the final exams of 3

levels in the Professional Examinations of

November-December 2014 Session. A total

of 26 students qualified as CA’s having

passed in their Final Examinations. They

became eligible for the membership of

ICAB. I heartily congratulate the 26

successful candidates the membership

arena and wish them all success in their

future endeavours. A total of 251

examinees passed Knowledge Levels while

85 examinees passed their Application

levels.

Obituary

Syed Fazle Ali FCA Enrolment No. (36),

Senior Partner of S F Ahmed & Co.,

Chartered Accountants died on 12

February 2015. (Innah Lillahe ... Rejeun). He

was about 85.

On behalf of the Council and the Members

of the Institute of Chartered Accountants

of Bangladesh (ICAB), I expressed deep

sorrow at the sad demise of Mr. Ali. Let us all

pray to Almighty Allah, the Most Merciful,

for the salvation of the departed soul and

seek strength and courage to the bereaved

family to bear the irreparable loss.

Mr. Ali actively participated in the

Language Movement in 1952 and was a

well-known language activist (fvlv ˆmwbK).

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 February 2015:

- 2nd Meeting (Urgent) of the

11-Member Council Committee

to discuss on the latest status

Re-FRA and take necessary steps

was held on 07 February 2015 at

2:30 pm.

- 3rd Council Meeting was held on

17 February 2015 at 5:00 pm.

- 4th Council Meeting was held on

23 February 2015 at 1:00 pm.

Standing Committees

- 1st TRC Meeting was held on 18

February 2015 at 6:00 pm.

- 1st Exam Sub-Committee

Meeting was held on 09


- 1st Quality Assurance Board

(QAB) Meeting was held on 16


- 2nd Examination Committee

Meeting was held on 23

February 2015 at 12:00 Noon.

- Article Students Committee

meeting held on 25 February at

5:00 pm.

- IDC meeting held on 28 February

2015 at 11:00 am in ICAB.

Non-standing Committees

- 1st Taxation and Corporate Laws

Committee (TCLC) meeting was

held on 04 February 2015 at 6:00

pm.

- 1st Editorial Board (EB) Meeting


6:00 pm.

- 1st Information &

Communication Technology

Committee (ICTC) Meeting was


pm.

- Project Development &

Implementation Committee

(PDIC) Meeting was held on 18


- 1st Meeting of the Review

Committee for Published

Accounts & Reports (RCPAR) was


pm.

- Members Services & Welfare

Committee (MSWC) meeting was


pm.

- SAFA, CAPA & International

Affairs Committee Meeting was


pm.

- Continuing Professional

Development Committee

(CPDC)-2015 Meeting was held

on 24 February 2015 at 6:00 pm.

- 2nd Taxation and Corporate Laws

Committee (TCLC) meeting was


pm.

- Continuing Professional

Development Committee

(CPDC)-2015 Meeting was held

on 26 February 2015 at 5:30 pm.

- Advisory Committee Meeting


1:00 pm.

With Gratitude & best regards!

Masih Malik Chowdhury FCA President

10


he Professional Examinations of November-December 2014

session-ICAB witnessed a good number of students qualifying

their final exams. A number of 26 students passed in their Final

Examinations and became eligible for the membership of ICAB. The

members of the Editorial Board congratulate the successful

candidates and wish them all success in their future endeavours.TCongratulations to Newly Qualified CAs !!

Md Kamrul HasanSiddiqui

Md. MostafijurRahman

S M Ashfaqur Rahman Arif Hossain Md. Moshiur Rahman Md. Tarique Abdullah

Md. Al Mahmud A K M Mesbahul Karim

Md. Jalal Uddin Afratul Kawsar Tofayel Ahmed Naima Sultana Md. Muktar Alam Taskia Tamanna Islam

Md. Zakir Hosen Shishier Kanti Das Md. Kamruzzaman Abu KamalMohammod Pasha

Suniti Ahmed Sharmin Sultana

S.M. MudrahirRahaman

Md. Mahfuzul Hoque Md Tareq Kamal Md. Anwar HossainFaisal Mahmud Sajeeb Manish Kanti Sarkar

11


n pursuance of Section 123 of the Bangladesh Chartered Accountants Bye-law 2004, the Council of the Institute of Chartered Accountants of Bangladesh (ICAB) declared the

following results of the Professional Stage (Knowledge Level) and Professional Stage (Application Level) exams of the Institute November-December 2014:I

Results of Professonal Stage Knowledge &Application Level Exams Published

Professional Stage-Knowledge Level

SL No. Reg No. Name of Candidates Roll No.

1 21311 Manash Chakraborty 1602 22464 Md Tanbin Feroze 1973 21873 Mahabubul Alam 3314 11851 Md Mozammal Hoqu 4465 18346 Sujit Kumar Mojumder 4936 17878 Shapla Bhattacharjee 5047 20916 Kazi Nusrat Islam 5098 16647 Shakti Prasad Rakshit 5739 22072 Md Fajlul Karim 57410 17941 Tarjim Akter 57611 21320 Md Saiful Islam 58912 22922 Muhammad Riad Hossain 74513 23580 Khaled Mahamud Sujon 80114 23507 Md. Ibne Nayeem Hasan 80315 21338 Abdus Samad Maolana 92016 22513 Sk. Tarekul Islam 00517 22838 Farhana Nasrin 06118 22324 Johny Saha Nani 23319 22458 Hazrat Ali 28520 22615 Montasir Ahmed 34721 22663 Md Saidul Islam 48322 22202 Shahin Hasan 48523 20686 S M Shamim Ahmed 50324 21048 Ashfak Ahmed 70925 20536 Md. Shfayet Alam 71426 22527 Mohammad Delwar Hossain 76727 21297 Muhammad Sohel Rana 81128 21682 Md Hosnain Rahman 90529 22010 Sharmin Akter 93330 22407 Deboprio Kumar Baidya 98831 22509 Ashrafur Rahman 12632 20941 Tanzina Mosaddeque 26333 22753 Md Saffat Hossain Bhuiyan 27434 21983 Saikh Bin Abedin 36735 22797 Proshanta Saha 40136 20004 Samir Sukul 44037 20820 Khaled Shams 48038 21291 Suvankar Barai 65439 20734 Tapas Kumar Raha 67240 21777 Farzana Ahmed 67941 20312 Ahmed Hasnat Zaman 68442 21583 Sonia Sultana Sinthia 74443 21589 Md Jobayadur Rahman 78744 11437 Md Manirul Islam 81945 18055 Md. Tarikul Islam 82346 22832 Sabrina Mahzabeen 82447 22237 Md Syful Islam 84148 21762 Nazmul Hasan 88349 20588 Mehedi Hasan 89350 22037 Juaria Islam 89751 21234 Md. Raihan Habib Siddiqi 89952 21810 Md Kamal Hossain 922


53 22684 Shubhra Paul Soumendra 93954 12607 Shamim Mia 98255 22545 Md Nahidul Islam 00056 11699 Md Mozammel Hossain Khan 00757 19725 Md Armanuzzaman 04258 22782 Mohammad Zonayed Kader 04659 22840 Nazmul Huda 04860 20497 Shamsun Nahar 06561 11869 Md Rafiqul Islam 12662 17895 Abu Saleh Mohammad Nur Ullah 13563 21651 Mahabub Hasan 13964 15893 Gazi Rashedul Hassan 14565 21998 Mustafizur Rahman 20266 22086 Shah Md Arifuzzaman Shah 23767 20894 Binoy Biswas 24468 22661 Md. Fazlul Haque Sharif 24769 4885 Mohammad Munir Hossain 27270 20607 Mohammad Mostafa Kamal 28771 10600 Masud Rana Almamun 31472 20270 Fahimul Alam Khan 34973 13613 Sukhen Podder 37374 22667 Md Uzzol Hossan 42875 20846 FM Hasan Mahfuz Russell 44376 15420 Swarup Das Gupta 45077 17343 Md Hasan 46678 22136 Md Moniruzzaman 50579 22328 Md Ruhul Amin 50680 22449 Md. Abdullah Al Mamun 72381 21415 Harun Or Rashid 72682 21261 Md. Aminul Islam Sarker 76483 20746 Md Atikur Rahman 78784 21295 Md Mamudul Hassain Rubel 80885 19309 Mostofa All Amin Noor 81686 16913 Himangso Deb Nath 85187 20565 Md Mehedi Fardous 85688 19927 Md. Tarikul Islam 88489 17588 Md. Yousuf Ali 88990 13346 Mohammad Abdul Based 90791 22693 Most. Marzia Khatun 91192 14041 Saiful Islam 92193 17040 Kamrul Ahsan 92794 20249 Rakash Chindra Ghosh 93795 6778 Sujit Kumar Saha 94296 8582 Sheikh Azizul Haque 94397 20192 Mohammad Maruf Ahsan 94598 22240 Apurba Roy 94699 16478 Md Musfiul Alom Siddiki 960100 18931 Md. Mahabub Hosen 965101 20595 Md Abul Kalam Azad 968102 21217 Md Shaiful Islam 972103 12002 Manojit Roy Shuva 980104 20154 Hafizur Rahman 981105 10991 Muhammad Atiquar Rahman 982

12



106 20552 Monowarul Alam 986107 17812 Rezwanul Hoque 990108 21413 Md. Hasan Kabir 996109 22027 Md Mahbub Mofazzal 999110 22251 Avijit Saha 001111 4915 Md Atiqur Rahman 003112 21181 Mohseul Alam Safat 013113 19677 Ishrat Zebeen 014114 18161 Mohammad Nazmul Ahsan Bhuiyan 016115 22043 Rahmat Ullah 018116 17648 Prosen Kumar Mandal 026117 21204 Sanatan Kumar Pk 034118 11111 Anamul Hoque 038119 13469 Yeasin Arafat 041120 9993 Mohammad Shaidus Zaman 042121 13018 Md Mostafizur Rahman 043122 20257 Mohammad Shuidul Islam 050123 15383 Gobindo Kumar Ray 052124 18889 Md. Mamun-Ur- Rashid Chowdhury 055125 10507 H M Nuruzzaman Miah 057126 19489 Raju Ahmed Khan 070127 16323 Md Mehdi Hasan 076128 22238 Sheikh Mohammad Imtiaz 077129 14899 Joton Chandra Saha 078130 22814 Apurba Kumar Biswas 083131 19966 Gazi Borhan Uddin 084132 13380 Sanjib Kumar Saha 085133 18399 Md.Aminur Rahman 088134 20963 Istiaq Ahmed 097135 20898 Md Abdur Rahman 101136 11087 Md Bahauddin 106137 21285 Rasel Pervaz 108138 18941 Fayez Mahmud 111139 15632 Abuhena Md Masud 113140 21721 Md Gulam Sharoar Hossain Khan 120141 18383 Md. Kausar Ahamed 121142 18954 Hasnain Ahamad 124143 21788 Md Rezaul Karim 125144 22507 Ashek Mohammad Minhazul Abedin 126145 18064 Sajib Kumar Bhowmik 127146 10290 Syed Obaidul Hoq 129147 20458 Mohammad Taimur Chowdhury 130148 18688 Krishna Kamal Mazumder 131149 15452 Pijush Chandra Das 134150 13815 Tajul Islam 142151 22216 Md Emran Hoshen 154152 7855 Suman Bhattacharjee 158153 19842 Biswajit Barua 166154 21161 Md. Moshiur Rahman 168155 21705 Amit Dhar 187156 20289 Md. Golam Rabbani 191157 14501 Afzal Hossain 196158 21372 Saad Mahmud 202159 19821 Jaydeb Adhikari 204160 22621 Bobby Nicholas Gomes 205161 18711 Mohammad Abdul Hannan 206162 22642 Md Murshed Arif Mahin 218163 22817 Iftekharul Islam 219164 14513 Md Jamal Uddin 223165 21654 Ankur Saha 224166 22818 Amit Barua Ratan 225167 18980 Md. Sohag Miah 230


168 22813 Sazzad Iftekhar 232169 13207 Abdullah Yousuf 233170 19902 Umme Afrin 237171 19572 Tofail Ahmed Bhuiyan 238172 21193 H. Shahriar Rahman 239173 21072 Md Yousha Adib 246174 22839 Salma Hakim Zinia 252175 22841 Md A.N.M. Shakil 260176 2166 Md. Rafiqul Haque 269177 13237 Maniruzzman 271178 19877 Md. Riad Hossain Shimul 273179 15369 Md Eleassh Kanchon 278180 20548 Mohammad Helal Uddin 281181 8613 Mohammad Hasan Mahmud 294182 13168 Md. Mustafijur Rahman 298183 22842 S.M. Rayhan Siddique 363184 21559 Mohammad Tahsin Haque Chowdhury 365185 22269 Liton Chandra Karmakar 369186 21882 Md. Shafiqul Islam 377187 22811 Md Shaikot Jahan 378188 17323 Animesh Mistry 380189 18758 Rajib Kumar Saha Nittya 381190 20618 Abdul Hai 382191 16872 Mohammad Abir Hossain 387192 12685 Md. Khomeni Hossain Sabbir 389193 20295 Sadia Shaherat Jahan 395194 11742 Mohammad Kayser Jamil 398195 14012 Mahmudul Alam 405196 20474 Goutam Abhee Barua 420197 17048 Abu Imran Chowdhury 427198 10929 Md. Tarikul Islam 431199 19279 Golam Mourtuza 432200 19903 Md Shahan Miah 438201 15769 Md Maruf Hasan 441202 11668 Md Razaul Karim 446203 13731 Abdullah Al Mamun 451204 14276 Farida Yesmin 456205 3286 Gazi Md Wali-Ul-Hoque 466206 13195 Nurul Islam 467207 20504 Md Ittihadul Islam 471208 21050 Md Nahid Hossen 472209 14142 Ajit Chakraborty 477210 6811 Md. Ruhul Amin 480211 22675 Muhammad Abdus Sobhan 492212 22719 A.K.M. Azizul Hoque 513213 14432 Urmi Islam 515214 22345 Ataur Rahman 524215 14934 Bhabotosh Kumar Sarker 535216 14545 Md. Imteaz Parvez 541217 14864 Jamil Mahmud 563218 19913 Sumon Chandra Deb Nath 571219 12392 Md Hafizur Rahman 573220 19459 Md. Muzibur Rahman Khan 603221 19213 Md. Shahidul Alam 604222 19281 Sagar Datta 608223 10241 Mohammad Harun-Or-Rashid 611224 11907 Md Ariful Islam 612225 22616 Tushar Kanti Poddar 613226 11161 Provangshu Datta 615227 20033 Biplab Kumar Saha 616228 20297 Md Habibur Rahman 625229 13342 Pintu Kumar Sen 635

13


ManCom Meeting4th Management Committee (ManCom) meeting was held on 22 February 2015 at 5:00 p.m. at ICAB Council Hall. The progress of different activities of different committees of ICAB was discussed in the meeting. Mentioned that in every month, two ManCom meetings are regularly held to guide/advise about different activities and resolve the difficulties faced by the management officials. President along with Vice Presidents of the Institute attended the meeting. Earlier, 3rd Meeting of ManCom was held on 09 February 2015.------------------------------------------------------------------------------------

Meetings in MarchManCom: 8th & 22nd MarchCommittee Secretary: 16th March


230 18424 Md. Hasan Shariar Sajal 639231 6860 Shahana Perveen 640232 13568 Mohammad Nazmul Hasan 641233 16198 Kazi Mofijur Rahman 642234 10938 Mohammad Monir Hossain 644235 18088 Imrul Kabir 647236 17737 Tahsin Reza Abrar 654237 15842 Md Anwar Hossain Bhuiyan 658238 13904 Md Nazrul Islam 668239 18225 Md. Shahadat Hossain 683240 19260 Sharif - Al - Mahmud 689241 22327 D. M. Sazzad Alam 691242 20997 Tapu Podder 694243 21613 Mst. Tahomina Shirin 701244 18790 Md. Ariful Islam 702245 7768 Md. Kamrujjaman 703246 8216 Md Saidul Haque Bhuiya 704247 7094 Md Hamiduzzaman 707248 20320 Sungithea Huque Punom 712249 9642 Mohammad Monjur Hasnat 718250 3849 Md. Golam Mowla 723251 13514 Md. Bellal Hossain 725

Professional Stage-Application LevelSL No. Reg No. Name of Candidates Roll No.

1 11493 Md Khairuzzaman 61442 15547 Md Joynul Abedin 61483 13565 Rajib Das 61794 3213 A T M Sarrowor Kamal Chowdhury 61805 17328 S.M Asraf Ul Amin 61836 14762 Md. Touhidul Islam 61947 10632 Md Sirajul Islam Bhuiyan 61958 22041 Khosnur Jahan 62539 22765 Syed Mostahidal Hoq 625910 21341 Al Amin Redwanur Rahman 646011 22246 Shiamul Islam 670112 18394 Faysal Jahangir 685713 20587 Md Nazmus Sakeb 695114 19233 Md Umor Farooque 695315 13134 Md. Monir Hossen Chowdhury 704216 12540 Subbir Ahamed Muhammad 706617 20689 Kishor Kumar Das 708918 19028 Rajib Kanti Bhowmik 709619 13948 Mohammad Balayet Hossain 711220 16387 Deenesh Kumar Raha 711321 11387 Ramendra Nath Kar 715122 18285 Mohammad Al-Amin 715623 8901 Mohammad Akbar Hossain 720924 17570 Farhana Hoque 722025 17840 Mossammat Sanjida Rimi 723026 20462 Gouranga Kumar Sutradher 725927 19723 Pinkon Saha 726428 15832 Bilash Chandra Dey 733229 22249 Monir Hossen 737830 19217 Liza Akhter 746031 20293 Asif Ahmed 746832 20372 Md. Saifur Rahman 746933 16014 Md Sajed Hossen Chowdhury 747334 17242 Muhammad Gaus Samdani 747535 18054 Md. Maruf Hasan 747736 17062 Tanvir Ahmed 750837 19835 Syed Mehedi Hasan 760238 19079 Piblo Barua 760339 18540 Sushmita Noor 7605


40 19249 Sujit Basak 761241 18057 Md. Abul Kalam Azad 761342 17741 Kashfee Mahmood 761843 11525 Muhammad Mahfuzur Rahman 762144 17893 Anirban Mojumder 764845 19841 Mohammad Abul Hashem Sohag 765246 20241 Tasnima Nur 765547 19239 Mohammad Kamrul Hasan 765748 18653 Kamal Hossain 765949 19017 Tanjila Mahabub 767550 19855 Ahmmad Kabir Rasel 767651 18736 Md. Omar Faruk 767752 5471 Md. Shahabuddin Mollah 767953 13340 Mohammad Salah Uddin 768454 17557 Swapna Akter Nipa 768555 18595 Md. Masud Rana 768656 12124 Subir Mazumder 768957 10272 Rochibul Islam 769158 22227 Muhammad Firoz 769259 20383 Zoinul Abedin Sakil 770260 16569 Rakiba Fateme Shemu 770561 21371 Kazi Md. Atikur Rahaman 770762 19024 Dinaiya Yasmeen Tooli 771063 17285 Md Anwar Shahadat 771264 18667 Fahmida Akther 772565 17978 Salman Qudrat 773266 14455 Muhammad Delwar Hossain 775267 19540 Md Rezaul Islam 775368 19014 Mosrak Farzana 776069 16989 Md. Mehedi Hasan 777270 17420 Ujjal Chandra Das 777671 19693 Moinul Islam 777772 16017 Mohammad Monirul Islam 777873 2834 Md. Sayed Hassan 779374 18454 Md. Shuzaet Hossain 780675 18051 Ismail Miah 780976 19044 Md. Fazlay Elahi 781477 13643 Mohammad Moniruzzaman 782378 21444 Md Tousiful Karim 783679 12800 Md. Farhadul Alam 783980 10536 Md. Shahariar Khan 784881 20339 Md Masrul Mollah 785182 13794 Mohammad Hamidur Rahman 785283 8850 Halima Akter 789084 11898 Abdullah Al Kafy 789385 15665 Ashis Kumer Biswas 7894

Source: Exam Section-ICAB

14


ICAB Council Member & Past President M Farhad Hussain FCA participated in Asia TV live talk show on ‘Nitol Tata Investment’ on 9 February 2015. Other participants of the program was Dewan Bazlu, Businessman & Helton New Jersy Commissioner, USA. They spoke on ‘Business Globalisation’. The program was moderated by Sohel H. On a query Mr. Farhad said four factors can contribute largely to our national economy. The factors are development of infrastructure, power and removing bureaucratic tangle and political unrest. Conflict and progress cannot run together, he said. He further said that to advance the society and the development,

education is must which teaches us morality and ethical values. In global context, when a country faces political unrest, it affects other countries in the world as well. Political unrest definitely destroy the economy, he went on. He opined that law and order, fiscal policy, tax facilities for business and global business network are necessary for achiev-ing the development goals of our county.

M Farhad Hussain Spoke on ‘Business Globalisation’ in Asian TV live Talk Show

An Advisory Committee Meeting of ICAB held on 28 February 2015 at CA Bhaban under the Chairmanship of AKM Rafiqul Islam FCA, Past President-ICAB. President-ICAB Masih Malik Chowdhury FCA along with Vice Presidents, Council Members and Past Presidents of the Institute attended the meeting. The meeting discussed and reviewed the progress of the Institute beside the challenges and opportunities of CA profession in Bangladesh

Syed Fazle Ali FCA Enrolment No. (36), Senior Partner of the S F Ahmed & Co., Chartered Accountants died on 12 February 2015. (Innah Lillahe ... Rejeun). He was 80.

On behalf of the Council and the Members of the Institute of Chartered Accountants of Bangladesh (ICAB), President of the Institute Masih Malik Chowdhury FCA expressed deep sorrow at the demise of Mr. Ali. He prayed to almighty Allah, the most merciful, for salvation of his departed

soul and for the strength and courage to the bereaved family to bear the irreparable loss.

Mr. Ali qualified in 1964 as a Chartered Accountant from the Institute of Chartered Accountant, England and Wales (ICAEW). He was employed in London by Peat, Marwick, Mitchell & Co.,

(now KPMG) one of the largest Accounting and Management Consulting Firms in the World.

Since his joining S. F. Ahmed & Co. in 1966, Mr. Ali has been in charge of the overall planning, supervision and execution of many consulting assignments, in addition to his duties as audit engagement partner for most of the multinational clients.

For over 50 years he rendered expert services on institutional development and capacity building, training of profession, salary structuring, project planning, automated financial management system design and implementation, manage-ment information system, conducting socio-economic survey, market survey, feasibility study, performance evaluation and economic analysis etc. for national and informational clients. He Worked as Team Leader for Financial Management Consultancy services for World Bank, ADB. DFID, USAID, UNDP, NORAD, DANIDA financed Projects.

Mr. Ali actively participated in the Language Movement in 1952 and was well-known as a language activist.

Obituary

Syed Fazle Ali FCA

ICAB Holds Advisory Committe Meeting

15


team of ICAB comprising ICAB President Masih Malik Chowdhury FCA, Council Member and Past

Presidents Md. Syful Islam FCA, M Farhad Hussain FCA and Adviser Burhanuddin FCA met Senior Secretary of Ministry of Commerce Hedayetullah Al Mamoon at Bangladesh Secretariat on 12 February 2015. The ICAB team apprised the Senior

Secretary about updated reports of World Bank on Report on the Observance of Standards and Codes (ROSC) 2014. They drew attention on some of the recommendations of ROSC and said that the World Bank discouraged the formation of Financial Reporting Council. The team also mentioned that there is no such FRC in

the SAARC countries to regulate and control the Chartered Accountancy profession. However, the Council would bring some positives changes, if it is formed in our country context, the team said. The Secretary gave a patient hearing to the ICAB team and assured his cooperation about the development of CA profession.

Meeting with Senior Secretary, Ministry of Commerce

Admission as AssociateThe following members have been admitted as Associate of the Institute with effect from the dates mentioned against respective names:Name Effective Date

Mr. Rajshekhar Debnath ACA (1679) 28 February 2015Flat-6CHouse-74/C, South ParaMohakhali, Dhaka-1212

Mr. Md. Arif Hossain ACA (1680) 01 February 20153/1 Ulon (1st floor)West Rampura, Dhaka-1219

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. Reza-Ur-Rahman Mahmud FCA (1123) 27 January 2015Budgeting & Reporting ManagerPhilip Morris ServiceIndia S.A. (Dhaka Office Branch)Ninakabbo, Level-8, 227/AGulshan Tejgaon Link RoadTejgaon I/A, Dhaka-1208

Mr. Md. Monirul Islam FCA (1025) 09 February 2015Head of the Structured & FinanceBRAC EPL Investment Ltd.Road No-123, House No.18Gulshan, Dhaka-1212

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

Name Effective Date

Mr. K.M. Tarek FCA (853) 17 February 2015PartnerRahman Mostafa Alam & Co.Chartered AccountantsParamount Heights (7th floor)65/2/1, Box Culvert RoadPurana Paltan, Dhaka-1000

Permission to Join as PartnerMr. K.M. Tarek FCA (853) has been permitted to form partnership and continue practice under the name and style of:

Name Effective Date

M/s. Rahman Mostafa Alam & Co. 17 February 2015Chartered AccountantsParamount Heights (7th floor)65/2/1, Box Culvert RoadPurana Paltan, Dhaka-1000

The other partners of the Firm: Mr. Md. Mustafizur Rahman FCA (218), Mr. Kazi Mostafa Alam FCA (418), Mr. Md. Abdus Salam FCA (222) and Mr. Mohammad Mofizul Haque Rinku ACA (1204).

Source: Secretariat-ICAB

Congratulations !!!

A

Congratulations to Md. Shahadat Hossain FCA for his Book !

The book named ‘Accountability for Economic

Development’ written by Md. Shahadat Hossain FCA,

Council Member,

ICAB has been

published in

Ekushey Boi Mela

2015. Mr. Hossain

is the author of

another book

n a m e d

‘Bangabandho

-O- Bangladesher

Orthoniti. He also

contributes in

p r o m i n e n t

dailies at regular

intervals.

16


Name of Resource Persons(Sections- I - V of PS-KL-11th Batch)Mr Tofayel Ahmed FCAMr Abdullah-Al-Mamun FCAMr Kamruzzaman FCA Mr Kutub Uddin Ahmad FCA Mr Nirmol Chandra Sarker FCA Mr Anup Kumar Mukherjee FCA Mr Mahbub Alam FCA Mr Uttam Kumar Saha FCA Mr Md Arshadul Kabir ACAMr Muhammed Forkan Uddin FCA Mr Zakir Hossain FCA Mr Md Amirul Islam FCAMr Abdullah-Al-Mahmud FCAMr Md Raghib Ahsan FCAMr Gopal Chandra Ghosh FCAMr Muhammed Moshiur Rahman FCAMr Shaheduzzaman Choudhury FCAMr Shahriar Istiaq Halim FCAMr Mohammad Showket Akber FCAMr Masud Khan FCA (India)-GTMr Mahmudul Hasan Khusru FCA Mr Md Ali Akther Rezvi FCAMr Md Din Islam Miah FCAMr Yasin Miah FCA Mr Syed Mohammed Kowser HossainMr Md Abdullah-Al-Amin ACAMr Mohammad Abdul MatinMr Mohammed Sabir Ahmed FCAMr Mohammed Zakaria FCAMr Mohammad Redwanur Rahman FCA Mr Md Abu Bakar FCAMr Masud Parvez FCAMr Mohammad Salahuddin Chowdhury FCAMr Shankar Chandra Karmaker FCAMr Muraheb Malik Chowdhury ACA Mr Ranjan Kumar Bhowmik FCMAMr Rakesh Saha FCAMr Imtiaz Lutful Baset FCAMr Md Selim Reza FCAMr Mohammed Ariful Hoque FCAMr Md Saiful Hasan ACAMr Md Mashudur Rahman FCAMr Md Fokrul Islam FCAMr Shib Pada Dey FCA Mr Shekhar Kumar Halder FCAMr Faker Ahmed FCAMr Mohammad Aslam FCAMr Md Ziaul Alam ACAMr Md Sayeed Ahmed FCAMr Md Mahamud Hosain FCAMr Jone Kumer Gupta ACA

Dr Jakerul Abedin Mr Tariquzzaman Khan FCA Mr Shamim-Al-Mamun ACAMr Mohammad Rostam Hossain ACA Dr ASM Hossain Tayiab FCAMr Sk. Ashik Iqbal ACAMr Md Al- Amin Siddiki ACA Mr Muhammad Aminul Hoque ACAMr Bibhuti Bushan Biswas FCAMr Mohammad Nazim Uddin FCAMr Sandip Halder FCAMr Md Lutfar Rahman ACA Mr Mustaq Ahammed FCAMr Mohammed Monowar Hossain ACAMr Mohammad Abdul Ohab Miah FCAMr Md Razib Hossain ACA Mr Wahid Murad ACAMr Tanvir Hasan ACAMr Badal Chandra Rajbangshi ACAMr Palash MollickMr Nazmul Hussain Siddique ACA

Visiting Faculties(for Ongoing Session)

Name of Visiting Faculties

Mr. Masih Malik Chowdhury FCAMr. A F Nesaruddin FCAMr. ABM Azizuddin FCAMr. Anwaruddin Chowdhury FCAMr. Md Syful Islam FCAMr. Md Abdus Salam FCAMr. Gopal Chandra Ghosh FCAMr. Dewan Nurul Islam FCAMr. Masud Khan FCA-IndiaMr. Abdul Khalek FCAMr. Md Amirul Islam FCAMr. Sabbir Ahmed FCA (E-770) Mr. Mohammad Mehdi Hasan FCA Mr. Ajit Kumar Paul FCADr. Jakerul Abedin Mr. Md Jehad UddinMr. Syed Mohammed Kowser HossainMr. A H Mostafa Kamal Khan

ICAB Academic Campus NewsThe Classes of Professional Stage-Knowledge Level (11th Batch, Sections: I-V) which commenced since 01 December 2014, and was concluded on 28 February 2015. There are total 435

students and 72 teachers for the Examination Session of May-June 2015. As a result, the cumulative number of participated students of ICAB new curriculum have been totalled to 8,064 till February 20, 2015.A new session for the students of Professional Stage-Application Level (10th Batch) & Advanced Stage (9th Batch) are going to start from Sunday, 01 March 2015 at ICAB Academic Campus. A Notice has already issued in this matter and all concerned students are advised to enroll the classes by 26 February 2015, and attend the classes as per schedule.Meanwhile, in the Teachers’ Discussion Session the decisions to take extra 20% classes for Mock Test, printing of new Sign Boards, and outsourcing of Cleaning Staffs have been implemented. Biometric Finger Print Reader has been going to be introduced form 01 March 2015, for regulating the students attendance. Canteen set up is yet to be nationalised. The range of class size will be 35-40 students subject to rent of new premises.

The Programme and Session have been organised by the Additional Director & 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 of the Chairman of Board of Studies-ICAB, Mr. ABM Azizuddin FCA & President- ICAB, Mr. Masih Malik Chowdhury FCA.

Announcement(Classes of Next Session)

The New Session (March-May 2015) for the Students of Professional Stage-Knowledge Level (11th Batch, Section # : 6 & 7), Professional Stage- Application Level (10th Batch) and Advanced Stage (9th Batch) will start from Sunday,01 March 2015 at ICAB Academic Campus. A Notice has already been issued in this matter, and all concerned students are advised to enroll for the classes by 26 February 2015 at ICAB Academic Campus.

Resource Persons: ICAB Academic Campus (Session: December 2014 - February 2015)

Source: ICAB Campus

17


Md Anwar Hossain Chowdhury FCA, FCS has been promoted as Deputy Team Leader of Economic Empowerment of the Poorest in Bangladesh, a DFID/SDC financed Challenge Fund for the Eradication of Extreme Poverty in Bangladesh.

Mr. Chowdhury is also CFO at EEP/Shiree under the employment of British Council.

As a strategic and hands-on executive having experiences of over 27 years in international development and challenge fund management, he is associated mainly with strategy formulation, policy making, sector development, challenge fund management.

He is well-versed in compliance and grants management procedure for clients. He did MBA from Asian Institute of Management (AIM), Philippines, FCS from the Institute of Chartered Secretaries of Bangladesh, Masters in Commerce from Dhaka University. The Institute feels Proud for his leadership in the Development Sectors in Bangladesh.

ICAB President Attended LGSP Orientation Program

ICAB President Masih Malik Chowdhury FCA and Vice President AF Nesaruddin FCA attended ‘Orientation Program on Financial Audit, Performance Assessment, Fiduciary and Safeguard Compliance Assessment of Union Parishad (UP) Audit’ conducted by LGSP at BIAM Foundation on 15 February 2015. In the orientation program, they spoke on quality of audit, co-ordination between LGSP and auditors, participative training session, security of audit team in the current political situation, ensure professional excellence by the auditors, role of ICAB in the said audit program, payment of pending bill by LGSP and how auditor can meet government expectation etc.

CRS-ICAB Observes InternationalMother Language Day

In observance of International Mother Language Day, the members of Chittagong Regional Committee (CRC)- ICAB paying homage to the Language martyrs through placing floral wreaths at the Shaheed Minar in the city, Chittagong.

Md Anwar HossainChowdhury FCA, FCS

ICAB Observes International Mother Language Day

ICAB Team Met Planning Minister

A team of ICAB comprising ICAB President Masih Malik Chowdhury FCA, Council Member & Past President Md Abdus Salam FCA and Past President AK Chowdhury FCA met Honb’le Planning Minister AHM Mustafa Kamal FCA, MP at later’s Office on 05 February 2015. They discussed about various aspects of CA Profession.

A team of the Institute of Chartered Accountants of Bangladesh (ICAB) placed floral wreaths at Central Shaheed Minar in observance of International Mother Language Day and Language Martyr Day on Friday, 21st February 2015. 'Amar Ekushey' and International Mother Language Day was observed across the country paying homage to the martyrs of glorious language movement in 1952. ICAB expressed solidarity with thousands of people of all levels who brought out mourning procession singing "Amar Bhaiyer Rakte Rangano Ekushey February, Ami Ki Bhulite Pari".

Members’ Achievement

18


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: HBFC Building (3rd Floor), 1/D Agrabad Commercial Area, Chittagong, Bangladesh, Tel: +880-31-724674, Fax: 880-31-2523579, E-mail: [email protected] Chapter: 782, Garratt Lane, London SW17 0LZ, UK, Tel: +44 20 86822905, Fax: +44 2087676097, E-mail: [email protected] American Chapter: 3244 Lawrence Avenue East, Scarborough ON MTH TA4, Ontario, Canada, Tel: +41 64395557, E-mail: [email protected]

CAB team led by its President Masih

Malik Chowdhury FCA paid a courtesy

call on Secretary of Ministry of

Education Nazrul Islam Khan at latter’s

office at Bangladesh Secretariat on 12

February 2015.


President Kamrul Abedin FCA, Past

President Abdus Salam FCA and Council

Member Muhammad Farooq FCA.

The Ministry of Education wants to revise

the syllabus based on current market

demand and seek co-operation from ICAB

regarding this. The Secretary of Ministry of

Education requested ICAB for the

arrangement of an interactive workshop at

the earliest. President ICAB asked for

formal letter from the Ministry and

thereafter, ICAB will take initiative for

arrangement of workshop.

ICAB delegates showed interest in working

with the Ministry regarding development of

country’s financial sector. ICAB can provide

training on Financial Management to

accounting personnel. Secretary considered

the proposal of ICAB and said that they will

communicate with ICAB if they take

initiative to train accounting personnel.


commencement of audit in Govt. schools

and colleges again. Secretary, Ministry of

Education said that he would explore the

present status of audit and communicate

with ICAB.

ICAB Team paid a Courtesy Call on Education Secretary

I

A team of ICAB headed by its President Masih

Malik Chowdhury FCA met BSEC Chairman

Prof. Dr. M. Khairul Hossain at his office on 15

February 2015.


Presidents Kamrul Abedin FCA, A F

Nesaruddin FCA and Council Member and

Chairman – PDC Muhammad Farooq FCA.

BSEC Commissioners Prof. Md. Helal Uddin

Nizami, Arif Khan FCA CFA and Md. Amzad

Hossain accompanied BSEC Chairman

Discussing the audit fees, The ICAB team said

the audit fees are too poor to maintain the

cost of quality of the audit by the CA Firms. As

increased audit fees in turn increases the

accountability of the auditor, ICAB has taken

initiative to reschedule the audit fees, the

team said. ICAB would make a detail guideline

regarding the audit fees and selection process

of auditors with proper reference and would

share the guideline with BSEC.

BSEC team said that they would take initiative

after getting the guidelines from ICAB.


investigation and disciplinary actions taken

by ICAB and thanked BSEC for cooperation in

this regard. Based on the observations of

BSEC, ICAB has taken several disciplinary

actions against the CA firms.

Both ICAB and BSEC representatives agreed

that regular dialogue between the regulatory

bodies is essential to develop the profession.

A quarterly meeting can be arranged

between ICAB and BSEC, the meeting opined.

In the meeting BSEC Chairman sought

cooperation from ICAB for the introduction of

a program for growing financial literacy

among the people. ICAB team expressed their

assertiveness over the matter.

ICAB Team met BSEC Chairman

02 February 2015 - ICAB Training Program on "SAP ERP -FI/ CO" ICAB organized for Training Program on...

Documents

Transcript of 02 February 2015 - ICAB Training Program on "SAP ERP -FI/ CO" ICAB organized for Training Program on...