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Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh
ICABICAB NEWS BULLETINOctober 2016
Number 324
ISSN 1993-5366
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ICAB, ICAEW & WB Joint Efforts for Strengthening Financial Reporting Framework and Audit PracticeICAEW delegates visit ICAB
nder the latest World Bank project “Strengthening Financial Reporting Framework and Audit Practice”, ICAB has
signed a contract with ICAEW as consultant of ICAB for both goods and services deliverable from ICAEW. As part of that arrangement, Senior Consultants of ICAEW, Dr. David Brookfield and Stephen Lamdin, FCA and Justin West, Head of New Business Opportunities visited ICA Bangladesh from 24 October 2016 to 30 October 2016.
The ICAEW consultants discussed and shared their views with Council Members, Representatives from 23 CA firms, Project Task Team Leader from World Bank and ICAB officials regarding the issues; initial proposals to identify priority areas for e-learning development comprising quality education to aspirant students, training for members (CPD) and a catalyst to disseminate Knowledge to a wider stakeholder, and proposed potential content for the e-learning platform.
ICAB President Kamrul Abedin FCA, Vice President Mahmudul Hasan Khusru FCA, Secretary AKM Rahmat Ullah FCA, Director (Technical) Mahbub Ahmed Siddique FCA, Senior Deputy Director (PC), Md. Saiful Islam FCA, Technical Advisor Burhanuddin Ahmed FCA and the Project Coordinators were present during the meeting held on 24 and 25 October 2016 at CA
Bhaban. Earlier, the delegates had a meeting with the Heads of different departments of the Institute. Besides, they disseminated their views and ideas regarding e learning through a “Plenary Session “with wider stakeholders and consider the views and suggestions of the audience.
Three separate Workshop, Training and Conference were also held during their stay in ICAB. On 26 October. In the day long workshop organized by ICAB for the examiners, assessors and question setters they described their present practice as well as the benefit of Objective test for Certification level.
Another daylong workshop was held for the selected tutors of ICAB covering the area “An overview of the updated ICAB syllabus, study manual, and question banks” on 29 October as ICAB Council has already approved the New syllabus (based on ICAEW, 2014).
Finally, the program was completed on 30 October 2016 by a conference of Education and Training. The objective was to share their views and suggestions regarding e-learning and improved professional education with the members of Examination Committee, Board of Studies, Tutors, Learning and Professional Department, Technical Department , Examination Department of the Institute.
U
ICAB, ICAEW & WB Joint... Audit PracticePPP for Improved Public...BangladeshCountry Needs Huge Number...DemandPresident’s Communi-cation October 2016MoU between ICAB and Bank AsiaAccountancy Age ReportsDRC distributes Oral Saline to flood victims ICAB President attends...WB DinnersCampus NewsExam Feedback Session for StudentsICPE NewsPermission to Start PracticePermission to train Articled StudentsChange of office AddressCRC-ICAB organised a CPD... Pricing’ACNABIN Congratulates the Successful StudentsICAB President attends...CeremonyICAB delegation met Bangladesh... GovernorMember AchievementObituary¯^‡`k
You don't need religion to morals, if you can't determine right from wrong then youlack empathy and common sense not religions.- Collected
2
October 2016 No. 324
n recent years, there has been
growing realization of the need for
collaboration between private and
public sector audit profession for
ensuring effective oversight over
expenditure management and quality
audit in the public sector. A new Audit
Act on the anvil is expected to
address some constraints and
empower the Comptroller and Auditor
General (CAG) to use the private
sector audit service in fully
discharging its mandated
responsibilities, said a policy paper
presented in the workshop on “Public
Private Partnership for Improved
Public Sector Auditing in
Bangladesh” organized by The World
Bank, Dhaka at its office on 19
October 2016.
Masud Ahmed, Comptroller and
Auditor General of Bangladesh made
the opening remarks in the program
while ICAB President Kamrul Abedin
FCA gave introductory comments.
Ms. Suraiya Zannath, Lead Financial
Management Specialist, the World
Bank presented the key note paper.
Masud Ahmed said audit sector of the
country could be improved through
proper utilization of Public Private
Partnership initiative. Bangladesh
now attained the Middle Income
country status and is progressing in
many ways. However, there are
many challenges still hovering. To
overcome these challenges, ICAB
and CAG could work together
through organizing mutual
knowledge sharing sessions
particularly in the area of Improved
Public Sector Auditing in Bangladesh.
He urged the CAs and the officials of
OCAG to find out the way forwards so
that both the organizations could
work effectively.
Working together with OCAG is vital
for us with a view to achieve that goal
to contribute more and more our
national development, Mr. Abedin
said.
In Bangladesh the Supreme Audit
Institution –the OCAG is doing the job
with many impediments both
internally and externally with limited
capacity and resources. On the other
hand the ICAB professionals are
perceived to have their limited
exposure to public financial
management. Mutual cooperation
between public and private sector is
imperative to overcome those
limitations and challenges, he
opined.
Also, the Public Private Partnership
can be the way forward. ICAB and
OCAG should work together to
ensure ethical and technical
standards towards building
partnership. ICAB and OCAG agreed
to work together for promoting and
improving the public sector auditing
in Bangladesh. ICAB Council
Members and Senior Officials of
Office of the Comptroller and Auditor
General (OCAG) participated in an
open discussion.
I
PPP for Improved Public Sector Auditing in Bangladesh
3
October 2016No. 324
xplaining the demand of Chartered Accountants in Bangladesh,
Kamrul Abedin FCA, President-ICAB said the country needs a huge number of CAs to meet the growing demand. He referred that in UK, majority of CEOs in listed companies are Chartered Accountants. Chartered Accountancy degree would give an easier opportunity to reach the top position of organizations, he stated.
Mr. Abedin was delivering the speech as the guest of honour at a seminar on ‘Chartered Accountancy: Career Excellence’ organised jointly by the Institute of Chartered Accountants of Bangladesh (ICAB) and the Department of Accounting & Information System(AIS), Jagannath University at its Central Auditorium on 29 October 2016.
Vice Chancellor, Jagannath University Professor Dr. Mijanur Rahman, was the Chief Guest while Treasurer Professor Dr. Md Salim Bhuiyan and Dean, Faculty of Business studies Professor Dr. Moniruzzaman were present as Special Guests. Professor Dr. Ali Noor, Chairman, Department of AIS, Jagannath University gave the inaugural speech.
We are on the process of developing more MoU/MRA with the international and national Professional Bodies and renowned educational Institutions like ACCA, CIMA & Dhaka University. The passing rate of ICAB students are increasing significantly and the ICAB -Chartered Accountants are competent to act on global platform, Mr. Abedin said.
Our training wing, the ICPE, is working with a vision to ensure that members of
ICAB do not associate themselves solely with the word “Accountant.” ICPE wishing them but rather reach the ultimate goal of being the CEO of enterprises, he added.
ICAB is eagerly waiting for you all, he echoed to the audience students. Apart from twining MoU with ICAEW, ICAB is exploring all possibilities with regard to paper examinations and financial support for students of public universities, he stated.
Professor Dr. Mijanur Rahman said graduates in general education are not able to reach the top position of the organization. If you want to reach there, you need a professional degree like Chartered Accountancy. Chartered
Accountants are well informed smart professionals. They are catalyst in solving problems. That is why, highly graded companies/ multinational companies recruit them, he said.
Professor Dr. Md Salim Bhuiyan said, ICAB and Jagannath University need to sit together to explore more avenues to work on so that students would avail more benefits.
Professor Dr. Ali Noor demanded subjects’ waiver in studying Chartered Accountancy for the students of Department of AIS. ICAB Vice President Mahmudul Hasan Khusru FCA gave a motivational speech. A documentary on ICAB was also presented in the seminar.
E
Country Needs Huge Number of CAs to Meet Growing Demand
ICAB, ICAEW & WB Joint... Audit PracticePPP for Improved Public...BangladeshCountry Needs Huge Number...DemandPresident’s Communi-cation October 2016MoU between ICAB and Bank AsiaAccountancy Age ReportsDRC distributes Oral Saline to flood victims ICAB President attends...WB DinnersCampus NewsExam Feedback Session for StudentsICPE NewsPermission to Start PracticePermission to train Articled StudentsChange of office AddressCRC-ICAB organised a CPD... Pricing’ACNABIN Congratulates the Successful StudentsICAB President attends...CeremonyICAB delegation met Bangladesh... GovernorMember AchievementObituary¯^‡`k
4
October 2016 No. 324
Dear Fellow Members,
Assalamu Alaikum and greetings to all of you.
As I pass the last quarter of the year as President of ICAB, I am trying to accomplish our unfinished tasks. These are busy times as many of the events quite naturally fall into the last part of the year.
For the same reason, the month of October saw a number of trainings, seminars, workshops. The ICAEW team was in Dhaka for a number of days to interact with our Council, Management Officials, Students, Firms, etc. I thank everyone associated for facilitating the visit of the team.
Having said so, I would like to draw your attention to some of the prominent activities of the month.
Strengthening Financial Reporting Framework and Audit Practice: I express my great satisfaction for the World Bank project titled “Strengthening Financial Reporting Framework and Audit Practice”, signed through a contract with ICAEW where ICAB would be consultant for both goods and services deliverable by ICAEW. The ICAEW team consisting Senior Consultants of ICAEW, Dr. David Brookfield and Mr. Stephen Lamdin, FCA and Mr. Justin West, Head of New Business Opportunities interacted and exchanged view
with Council, Students, Firms between 24-30 October. The visit was culminated to a conference related to education and training with the members of Examination Committee, Board of Studies, Tutors and concerned department of ICAB.
Public Private Partnership for Improved Public Sector Auditing in Bangladesh: A team of ICAB led by me participated in a policy paper dissemination workshop on “Public Private Partnership for Improved Public Sector Auditing in Bangladesh” organized by The World Bank, Dhaka Office on 19 October 2016.
Mr. Masud Ahmed, Comptroller and Auditor General of Bangladesh made the opening remarks in the program while I gave introductory comments. Ms. Suraiya Zannath, Lead Financial Management Specialist, the World Bank presented the key note paper.
Mr. Masud Ahmed observed that audit sector of the country could be improved through proper utilization of Public Private Partnership initiative. He emphasized on joint collaboration between ICAB and CAG through mutual knowledge sharing to promote transparency and accountability in public sector financial management which was appreciated by all of us. In my speech, I echoed the same and in response I suggested to formulate a long term
President’sCommunicationOctober 2016
strategic Public Private Partnership between us.
Promoting Chartered Accountancy: I appreciate the effort, an initiative of DRC and others to spread the career prospect of Chartered Accountancy profession to the doorstep of potential students, teachers. In the series of such events this time it was the Department of Accounting & Information Systems (AIS), Jagannath University where we organized seminar on ‘Chartered Accountancy: Career Excellence’ on 29 October 2016. Vice Chancellor, Jagannath University Professor Dr. Mijanur Rahman was the Chief Guest along with Professor Dr. Md Salim Bhuiyan, Treasurer and Professor Dr. Moniruzzaman, Dean of Faculty of Business Studies, Professor Dr. Ali Noor, Chairman, Department of Accounting and Information System, Jagannath University. The programme went well and was able to generate expected enthusiasm and eagerness among the students.
Arrangement for Online Banking Payment: We successfully signed MoU to make arrangement for the online payment with Bank Asia. This online payment will facilitate the payment of students, members to pay their fees and bills saving their time and energy. ICAB and Bank Asia Limited signed a Memorandum of Understating (MoU) at a formal ceremony at CA Bhaban on 24 October 2016. Managing Director, Bank Asia Mr. Md. Arfan Ali signed MoU on behalf of Bank Asia
WB Dinner: I attended a dinner at Radisson Hotel on 18 October 2016 hosted by World Bank (WB) in honour of Jim Yong Kim, President, World Bank Group, who visited Bangladesh recently Finance Minister, representative of different stake holders also attended the dinner.
ICAB delegation met Bangladesh Bank Deputy Governor: An ICAB delegation led by me paid a courtesy call on Bangladesh Bank Deputy Governor Mr. Shitangshu Kumar Sur Chowdhury at BB office on 17 October 2016. We discussed about different professional issues particularly matters relating to Draft Guidelines on External Audit of Banks and the check list. The draft guidelines and the check list have been prepared by the Ministry of Finance and the Bangladesh Bank. We proposed extension of time schedule of submission of ICAB’s opinions regarding the draft. The Bangladesh Bank authority agreed on ICAB’s proposal.
Training on IFRS & BAS: We organized a Training on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standards (BAS) at CA Bhaban which continued from 13 August 2016 till 01 October 2016. A total 48 Faculty Members of different Universities participated in the Training Programme. The resource person of the programme was Fellow member Mr. Snehasish Barua FCA. Vice President (T&R) Mr. Adeeb Hossain Khan FCA, Vice President (E&T) Mr. Mahmudul Hasan Khusru FCA, Council Member Mostofa Kamal FCA were present while Mr. Syed Mahbubur Rahman, Managing Director & CEO, Dhaka Bank Limited attended the closing ceremony as Chief Guest on 1 October 2016.
Training and Workshops: ICAB held a series of training and workshops in the month of October among them "Examination Techniques for the Students of Professional Stage - Knowledge Level" was held on 18 October 2016 at ICAB Academic Campus. A total number of 45 students took part in the workshop. Council Members Mr. Muhammed Farhad
Hussain FCA and Mr. Dewan Nurul Islam FCA and Members Mr. Snehasish Barua FCA, Mr. Abdullah-Al Mamun FCA were the Facilitators in the workshop. I believe that the workshop has been beneficial for the students.
A training programme on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standard (BAS)" for 2nd Batch was held at CA Bhaban on 8 October 2016 and to be continued on 12 November 2016. The total number of participants was 40 and I believe this time also the training programme on BFRS and BAS was worthwhile for the participants.
A workshop on "Effective Presentation through Power Point" from 01 October 2016 to 08 October 2016 was held at ICPE training room. A total number of 24 participants participated in the Workshop.
A Training Programme on “Competitive Business Strategy & Innovation” was held at CA Bhaban from 11 August to 06 October 2016. The number of the participants was 26.
The concluding session of training was held on 06 October 2016. Mr K. A. M. Majedur Rahman, Managing Director, Dhaka Stock Exchange was present as Chief Guest and gave away the Certificate to the trainees. Mr Mohammed Saif Noman Khan, Professor, IBA, Dhaka University was the Resource Person.
The Examination on Accounting (Knowledge Level) Feedback Session was held on 28 October 2016 at ICAB Academic Campus. The Mock Exam on “Accounting” for the students was held on 14 October 2016 at the same venue under the guidance of Dhaka Regional Committee (DRC)-ICAB. From this session, I believe, students would be benefited.
CPD Seminar conducted by CRC on Transfer Pricing: I express my gratitude to Chittagong Regional Committee (CRC) of ICAB for arranging CPD Seminar on “Finance Act 2016-Major Changes to Income Tax & VAT” on 15 October 2016 at Crystal Ball Room, Hotel Agrabad Limited, Chittagong where Mr. Shekhar Ranjan Kar FCA, Group CFO & Company Secretary, BSRM Group, Chittagong presented the keynote paper and Panel discussants of the Seminar were: Mohammad Solaiman FCA, Sampad Kumar Basak FCA, Sidhartha Barua FCA, Sarwar Uddin FCA and Md. Johirul Islam FCA.
To close my communication, lastly I would like to focus on some of other activities that I carried out; among them is my attendance to the Best Corporate Award Ceremony of the Institute of Chartered Management Accountants of Bangladesh (ICMAB) at Pan Pacific Sonargaon on 26 October 2016 where among Heads of different corporate bodies/entities, Mr Abul Maal A Muhith, Hon’ble Minister, Ministry of Finance, GoB, graced the occasion as the Chief Guest. As Chief Guest I also attended a Bi-annual Review & Felicitation Programme to the ACNABIN students qualified in C.A. Examination: May-June 2016 session on 26 October 2016 at their premises. In the program I handed over the crests to the successful qualified chartered accountants of ACNABIN.
Meetings of Council and Standing & Non-standing Committees and Sub-committees
The following meetings of the Council, Standing and Non-standing Committees and Sub-committees of ICAB were held during the month of October- 2016:
Standing Committees:
- 4th Meeting of the Technical Research Committee (TRC) was held on 04 October 2016 at 4:30 p.m.
- 7th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 08 October 2016 at 11:00 a.m.
- 4th Meeting of the Articled Students Committee (ASC) was held on 16 October 2016 at 6:30 p.m.
- 5th Meeting of the Quality Assurance Board (QAB) was held on 20 October 2016 at 5:30 p.m.
- 5th Meeting of the Examination Committee was held on 24 October 2016 at 5:00 p.m.
- 8th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 24 October 2016 at 6:30 p.m.
- 14th Council Meeting was held on 25 October 2016 at 5:00 p.m.
- 9th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 29 October 2016 at 6:30 p.m.
- 15th Council Meeting was held on 31 October 2016 at 5:00 p.m.
Non-standing Committees:
- 3rd Meeting of the Professional Development Committee (PDC) was held on 06 October 2016 at 5:30 p.m.
- 9th Meeting of the Information & Communication Technology Committee (ICTC) was held on 15 October 2016 at 5:00 p.m.
- 7th Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 19 October 2016 at 6:00 p.m.
- 4th Meeting of the Real Estate
Committee (REC) was held on 22
October 2016 at 5:30 p.m.
- 5th Meeting of the CA Order &
Bye-Laws was held on 26 October
2016 at 6:00 p.m.
Standing and Non-standing Sub-committees:
- 1st Meeting of the Working on
Professional issues related to
Microfinance Institutions of
Professional Development
Committee (PDC) was held on 03
October 2016 at 6:15 p.m.
- 2nd Meeting of the Sub-Committee
of Investigation & Disciplinary
Committee (IDC) was held on 04
October 2016 at 6:30 p.m.
- Real Estate Committee (REC)
Sub-Committee regarding to
renovation works of 2nd & 6th floor
of CA Bhaban was held on 08
October 2016 at 3:00 p.m.
- 1st Meeting of the Quality Assurance
Board (QAB) Sub-Committee was
held on 18 October 2016 at 6:30
p.m.
- 19th Meeting of the ERP Project
Steering Committee of Information
& Communication Technology
Committee (ICTC) was held on 20
October 2016 at 6:30 p.m.
No more today. My best wishes to all
members and others reading my
communication.
With Gratitude & best regards!
Kamrul Abedin FCA President
5
October 2016No. 324
Dear Fellow Members,
Assalamu Alaikum and greetings to all of you.
As I pass the last quarter of the year as President of ICAB, I am trying to accomplish our unfinished tasks. These are busy times as many of the events quite naturally fall into the last part of the year.
For the same reason, the month of October saw a number of trainings, seminars, workshops. The ICAEW team was in Dhaka for a number of days to interact with our Council, Management Officials, Students, Firms, etc. I thank everyone associated for facilitating the visit of the team.
Having said so, I would like to draw your attention to some of the prominent activities of the month.
Strengthening Financial Reporting Framework and Audit Practice: I express my great satisfaction for the World Bank project titled “Strengthening Financial Reporting Framework and Audit Practice”, signed through a contract with ICAEW where ICAB would be consultant for both goods and services deliverable by ICAEW. The ICAEW team consisting Senior Consultants of ICAEW, Dr. David Brookfield and Mr. Stephen Lamdin, FCA and Mr. Justin West, Head of New Business Opportunities interacted and exchanged view
with Council, Students, Firms between 24-30 October. The visit was culminated to a conference related to education and training with the members of Examination Committee, Board of Studies, Tutors and concerned department of ICAB.
Public Private Partnership for Improved Public Sector Auditing in Bangladesh: A team of ICAB led by me participated in a policy paper dissemination workshop on “Public Private Partnership for Improved Public Sector Auditing in Bangladesh” organized by The World Bank, Dhaka Office on 19 October 2016.
Mr. Masud Ahmed, Comptroller and Auditor General of Bangladesh made the opening remarks in the program while I gave introductory comments. Ms. Suraiya Zannath, Lead Financial Management Specialist, the World Bank presented the key note paper.
Mr. Masud Ahmed observed that audit sector of the country could be improved through proper utilization of Public Private Partnership initiative. He emphasized on joint collaboration between ICAB and CAG through mutual knowledge sharing to promote transparency and accountability in public sector financial management which was appreciated by all of us. In my speech, I echoed the same and in response I suggested to formulate a long term
strategic Public Private Partnership between us.
Promoting Chartered Accountancy: I appreciate the effort, an initiative of DRC and others to spread the career prospect of Chartered Accountancy profession to the doorstep of potential students, teachers. In the series of such events this time it was the Department of Accounting & Information Systems (AIS), Jagannath University where we organized seminar on ‘Chartered Accountancy: Career Excellence’ on 29 October 2016. Vice Chancellor, Jagannath University Professor Dr. Mijanur Rahman was the Chief Guest along with Professor Dr. Md Salim Bhuiyan, Treasurer and Professor Dr. Moniruzzaman, Dean of Faculty of Business Studies, Professor Dr. Ali Noor, Chairman, Department of Accounting and Information System, Jagannath University. The programme went well and was able to generate expected enthusiasm and eagerness among the students.
Arrangement for Online Banking Payment: We successfully signed MoU to make arrangement for the online payment with Bank Asia. This online payment will facilitate the payment of students, members to pay their fees and bills saving their time and energy. ICAB and Bank Asia Limited signed a Memorandum of Understating (MoU) at a formal ceremony at CA Bhaban on 24 October 2016. Managing Director, Bank Asia Mr. Md. Arfan Ali signed MoU on behalf of Bank Asia
WB Dinner: I attended a dinner at Radisson Hotel on 18 October 2016 hosted by World Bank (WB) in honour of Jim Yong Kim, President, World Bank Group, who visited Bangladesh recently Finance Minister, representative of different stake holders also attended the dinner.
ICAB delegation met Bangladesh Bank Deputy Governor: An ICAB delegation led by me paid a courtesy call on Bangladesh Bank Deputy Governor Mr. Shitangshu Kumar Sur Chowdhury at BB office on 17 October 2016. We discussed about different professional issues particularly matters relating to Draft Guidelines on External Audit of Banks and the check list. The draft guidelines and the check list have been prepared by the Ministry of Finance and the Bangladesh Bank. We proposed extension of time schedule of submission of ICAB’s opinions regarding the draft. The Bangladesh Bank authority agreed on ICAB’s proposal.
Training on IFRS & BAS: We organized a Training on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standards (BAS) at CA Bhaban which continued from 13 August 2016 till 01 October 2016. A total 48 Faculty Members of different Universities participated in the Training Programme. The resource person of the programme was Fellow member Mr. Snehasish Barua FCA. Vice President (T&R) Mr. Adeeb Hossain Khan FCA, Vice President (E&T) Mr. Mahmudul Hasan Khusru FCA, Council Member Mostofa Kamal FCA were present while Mr. Syed Mahbubur Rahman, Managing Director & CEO, Dhaka Bank Limited attended the closing ceremony as Chief Guest on 1 October 2016.
Training and Workshops: ICAB held a series of training and workshops in the month of October among them "Examination Techniques for the Students of Professional Stage - Knowledge Level" was held on 18 October 2016 at ICAB Academic Campus. A total number of 45 students took part in the workshop. Council Members Mr. Muhammed Farhad
Hussain FCA and Mr. Dewan Nurul Islam FCA and Members Mr. Snehasish Barua FCA, Mr. Abdullah-Al Mamun FCA were the Facilitators in the workshop. I believe that the workshop has been beneficial for the students.
A training programme on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standard (BAS)" for 2nd Batch was held at CA Bhaban on 8 October 2016 and to be continued on 12 November 2016. The total number of participants was 40 and I believe this time also the training programme on BFRS and BAS was worthwhile for the participants.
A workshop on "Effective Presentation through Power Point" from 01 October 2016 to 08 October 2016 was held at ICPE training room. A total number of 24 participants participated in the Workshop.
A Training Programme on “Competitive Business Strategy & Innovation” was held at CA Bhaban from 11 August to 06 October 2016. The number of the participants was 26.
The concluding session of training was held on 06 October 2016. Mr K. A. M. Majedur Rahman, Managing Director, Dhaka Stock Exchange was present as Chief Guest and gave away the Certificate to the trainees. Mr Mohammed Saif Noman Khan, Professor, IBA, Dhaka University was the Resource Person.
The Examination on Accounting (Knowledge Level) Feedback Session was held on 28 October 2016 at ICAB Academic Campus. The Mock Exam on “Accounting” for the students was held on 14 October 2016 at the same venue under the guidance of Dhaka Regional Committee (DRC)-ICAB. From this session, I believe, students would be benefited.
CPD Seminar conducted by CRC on Transfer Pricing: I express my gratitude to Chittagong Regional Committee (CRC) of ICAB for arranging CPD Seminar on “Finance Act 2016-Major Changes to Income Tax & VAT” on 15 October 2016 at Crystal Ball Room, Hotel Agrabad Limited, Chittagong where Mr. Shekhar Ranjan Kar FCA, Group CFO & Company Secretary, BSRM Group, Chittagong presented the keynote paper and Panel discussants of the Seminar were: Mohammad Solaiman FCA, Sampad Kumar Basak FCA, Sidhartha Barua FCA, Sarwar Uddin FCA and Md. Johirul Islam FCA.
To close my communication, lastly I would like to focus on some of other activities that I carried out; among them is my attendance to the Best Corporate Award Ceremony of the Institute of Chartered Management Accountants of Bangladesh (ICMAB) at Pan Pacific Sonargaon on 26 October 2016 where among Heads of different corporate bodies/entities, Mr Abul Maal A Muhith, Hon’ble Minister, Ministry of Finance, GoB, graced the occasion as the Chief Guest. As Chief Guest I also attended a Bi-annual Review & Felicitation Programme to the ACNABIN students qualified in C.A. Examination: May-June 2016 session on 26 October 2016 at their premises. In the program I handed over the crests to the successful qualified chartered accountants of ACNABIN.
Meetings of Council and Standing & Non-standing Committees and Sub-committees
The following meetings of the Council, Standing and Non-standing Committees and Sub-committees of ICAB were held during the month of October- 2016:
Standing Committees:
- 4th Meeting of the Technical Research Committee (TRC) was held on 04 October 2016 at 4:30 p.m.
- 7th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 08 October 2016 at 11:00 a.m.
- 4th Meeting of the Articled Students Committee (ASC) was held on 16 October 2016 at 6:30 p.m.
- 5th Meeting of the Quality Assurance Board (QAB) was held on 20 October 2016 at 5:30 p.m.
- 5th Meeting of the Examination Committee was held on 24 October 2016 at 5:00 p.m.
- 8th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 24 October 2016 at 6:30 p.m.
- 14th Council Meeting was held on 25 October 2016 at 5:00 p.m.
- 9th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 29 October 2016 at 6:30 p.m.
- 15th Council Meeting was held on 31 October 2016 at 5:00 p.m.
Non-standing Committees:
- 3rd Meeting of the Professional Development Committee (PDC) was held on 06 October 2016 at 5:30 p.m.
- 9th Meeting of the Information & Communication Technology Committee (ICTC) was held on 15 October 2016 at 5:00 p.m.
- 7th Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 19 October 2016 at 6:00 p.m.
- 4th Meeting of the Real Estate
Committee (REC) was held on 22
October 2016 at 5:30 p.m.
- 5th Meeting of the CA Order &
Bye-Laws was held on 26 October
2016 at 6:00 p.m.
Standing and Non-standing Sub-committees:
- 1st Meeting of the Working on
Professional issues related to
Microfinance Institutions of
Professional Development
Committee (PDC) was held on 03
October 2016 at 6:15 p.m.
- 2nd Meeting of the Sub-Committee
of Investigation & Disciplinary
Committee (IDC) was held on 04
October 2016 at 6:30 p.m.
- Real Estate Committee (REC)
Sub-Committee regarding to
renovation works of 2nd & 6th floor
of CA Bhaban was held on 08
October 2016 at 3:00 p.m.
- 1st Meeting of the Quality Assurance
Board (QAB) Sub-Committee was
held on 18 October 2016 at 6:30
p.m.
- 19th Meeting of the ERP Project
Steering Committee of Information
& Communication Technology
Committee (ICTC) was held on 20
October 2016 at 6:30 p.m.
No more today. My best wishes to all
members and others reading my
communication.
With Gratitude & best regards!
Kamrul Abedin FCA President
6
October 2016 No. 324
Dear Fellow Members,
Assalamu Alaikum and greetings to all of you.
As I pass the last quarter of the year as President of ICAB, I am trying to accomplish our unfinished tasks. These are busy times as many of the events quite naturally fall into the last part of the year.
For the same reason, the month of October saw a number of trainings, seminars, workshops. The ICAEW team was in Dhaka for a number of days to interact with our Council, Management Officials, Students, Firms, etc. I thank everyone associated for facilitating the visit of the team.
Having said so, I would like to draw your attention to some of the prominent activities of the month.
Strengthening Financial Reporting Framework and Audit Practice: I express my great satisfaction for the World Bank project titled “Strengthening Financial Reporting Framework and Audit Practice”, signed through a contract with ICAEW where ICAB would be consultant for both goods and services deliverable by ICAEW. The ICAEW team consisting Senior Consultants of ICAEW, Dr. David Brookfield and Mr. Stephen Lamdin, FCA and Mr. Justin West, Head of New Business Opportunities interacted and exchanged view
with Council, Students, Firms between 24-30 October. The visit was culminated to a conference related to education and training with the members of Examination Committee, Board of Studies, Tutors and concerned department of ICAB.
Public Private Partnership for Improved Public Sector Auditing in Bangladesh: A team of ICAB led by me participated in a policy paper dissemination workshop on “Public Private Partnership for Improved Public Sector Auditing in Bangladesh” organized by The World Bank, Dhaka Office on 19 October 2016.
Mr. Masud Ahmed, Comptroller and Auditor General of Bangladesh made the opening remarks in the program while I gave introductory comments. Ms. Suraiya Zannath, Lead Financial Management Specialist, the World Bank presented the key note paper.
Mr. Masud Ahmed observed that audit sector of the country could be improved through proper utilization of Public Private Partnership initiative. He emphasized on joint collaboration between ICAB and CAG through mutual knowledge sharing to promote transparency and accountability in public sector financial management which was appreciated by all of us. In my speech, I echoed the same and in response I suggested to formulate a long term
strategic Public Private Partnership between us.
Promoting Chartered Accountancy: I appreciate the effort, an initiative of DRC and others to spread the career prospect of Chartered Accountancy profession to the doorstep of potential students, teachers. In the series of such events this time it was the Department of Accounting & Information Systems (AIS), Jagannath University where we organized seminar on ‘Chartered Accountancy: Career Excellence’ on 29 October 2016. Vice Chancellor, Jagannath University Professor Dr. Mijanur Rahman was the Chief Guest along with Professor Dr. Md Salim Bhuiyan, Treasurer and Professor Dr. Moniruzzaman, Dean of Faculty of Business Studies, Professor Dr. Ali Noor, Chairman, Department of Accounting and Information System, Jagannath University. The programme went well and was able to generate expected enthusiasm and eagerness among the students.
Arrangement for Online Banking Payment: We successfully signed MoU to make arrangement for the online payment with Bank Asia. This online payment will facilitate the payment of students, members to pay their fees and bills saving their time and energy. ICAB and Bank Asia Limited signed a Memorandum of Understating (MoU) at a formal ceremony at CA Bhaban on 24 October 2016. Managing Director, Bank Asia Mr. Md. Arfan Ali signed MoU on behalf of Bank Asia
WB Dinner: I attended a dinner at Radisson Hotel on 18 October 2016 hosted by World Bank (WB) in honour of Jim Yong Kim, President, World Bank Group, who visited Bangladesh recently Finance Minister, representative of different stake holders also attended the dinner.
ICAB delegation met Bangladesh Bank Deputy Governor: An ICAB delegation led by me paid a courtesy call on Bangladesh Bank Deputy Governor Mr. Shitangshu Kumar Sur Chowdhury at BB office on 17 October 2016. We discussed about different professional issues particularly matters relating to Draft Guidelines on External Audit of Banks and the check list. The draft guidelines and the check list have been prepared by the Ministry of Finance and the Bangladesh Bank. We proposed extension of time schedule of submission of ICAB’s opinions regarding the draft. The Bangladesh Bank authority agreed on ICAB’s proposal.
Training on IFRS & BAS: We organized a Training on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standards (BAS) at CA Bhaban which continued from 13 August 2016 till 01 October 2016. A total 48 Faculty Members of different Universities participated in the Training Programme. The resource person of the programme was Fellow member Mr. Snehasish Barua FCA. Vice President (T&R) Mr. Adeeb Hossain Khan FCA, Vice President (E&T) Mr. Mahmudul Hasan Khusru FCA, Council Member Mostofa Kamal FCA were present while Mr. Syed Mahbubur Rahman, Managing Director & CEO, Dhaka Bank Limited attended the closing ceremony as Chief Guest on 1 October 2016.
Training and Workshops: ICAB held a series of training and workshops in the month of October among them "Examination Techniques for the Students of Professional Stage - Knowledge Level" was held on 18 October 2016 at ICAB Academic Campus. A total number of 45 students took part in the workshop. Council Members Mr. Muhammed Farhad
Hussain FCA and Mr. Dewan Nurul Islam FCA and Members Mr. Snehasish Barua FCA, Mr. Abdullah-Al Mamun FCA were the Facilitators in the workshop. I believe that the workshop has been beneficial for the students.
A training programme on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standard (BAS)" for 2nd Batch was held at CA Bhaban on 8 October 2016 and to be continued on 12 November 2016. The total number of participants was 40 and I believe this time also the training programme on BFRS and BAS was worthwhile for the participants.
A workshop on "Effective Presentation through Power Point" from 01 October 2016 to 08 October 2016 was held at ICPE training room. A total number of 24 participants participated in the Workshop.
A Training Programme on “Competitive Business Strategy & Innovation” was held at CA Bhaban from 11 August to 06 October 2016. The number of the participants was 26.
The concluding session of training was held on 06 October 2016. Mr K. A. M. Majedur Rahman, Managing Director, Dhaka Stock Exchange was present as Chief Guest and gave away the Certificate to the trainees. Mr Mohammed Saif Noman Khan, Professor, IBA, Dhaka University was the Resource Person.
The Examination on Accounting (Knowledge Level) Feedback Session was held on 28 October 2016 at ICAB Academic Campus. The Mock Exam on “Accounting” for the students was held on 14 October 2016 at the same venue under the guidance of Dhaka Regional Committee (DRC)-ICAB. From this session, I believe, students would be benefited.
CPD Seminar conducted by CRC on Transfer Pricing: I express my gratitude to Chittagong Regional Committee (CRC) of ICAB for arranging CPD Seminar on “Finance Act 2016-Major Changes to Income Tax & VAT” on 15 October 2016 at Crystal Ball Room, Hotel Agrabad Limited, Chittagong where Mr. Shekhar Ranjan Kar FCA, Group CFO & Company Secretary, BSRM Group, Chittagong presented the keynote paper and Panel discussants of the Seminar were: Mohammad Solaiman FCA, Sampad Kumar Basak FCA, Sidhartha Barua FCA, Sarwar Uddin FCA and Md. Johirul Islam FCA.
To close my communication, lastly I would like to focus on some of other activities that I carried out; among them is my attendance to the Best Corporate Award Ceremony of the Institute of Chartered Management Accountants of Bangladesh (ICMAB) at Pan Pacific Sonargaon on 26 October 2016 where among Heads of different corporate bodies/entities, Mr Abul Maal A Muhith, Hon’ble Minister, Ministry of Finance, GoB, graced the occasion as the Chief Guest. As Chief Guest I also attended a Bi-annual Review & Felicitation Programme to the ACNABIN students qualified in C.A. Examination: May-June 2016 session on 26 October 2016 at their premises. In the program I handed over the crests to the successful qualified chartered accountants of ACNABIN.
Meetings of Council and Standing & Non-standing Committees and Sub-committees
The following meetings of the Council, Standing and Non-standing Committees and Sub-committees of ICAB were held during the month of October- 2016:
Standing Committees:
- 4th Meeting of the Technical Research Committee (TRC) was held on 04 October 2016 at 4:30 p.m.
- 7th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 08 October 2016 at 11:00 a.m.
- 4th Meeting of the Articled Students Committee (ASC) was held on 16 October 2016 at 6:30 p.m.
- 5th Meeting of the Quality Assurance Board (QAB) was held on 20 October 2016 at 5:30 p.m.
- 5th Meeting of the Examination Committee was held on 24 October 2016 at 5:00 p.m.
- 8th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 24 October 2016 at 6:30 p.m.
- 14th Council Meeting was held on 25 October 2016 at 5:00 p.m.
- 9th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 29 October 2016 at 6:30 p.m.
- 15th Council Meeting was held on 31 October 2016 at 5:00 p.m.
Non-standing Committees:
- 3rd Meeting of the Professional Development Committee (PDC) was held on 06 October 2016 at 5:30 p.m.
- 9th Meeting of the Information & Communication Technology Committee (ICTC) was held on 15 October 2016 at 5:00 p.m.
- 7th Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 19 October 2016 at 6:00 p.m.
- 4th Meeting of the Real Estate
Committee (REC) was held on 22
October 2016 at 5:30 p.m.
- 5th Meeting of the CA Order &
Bye-Laws was held on 26 October
2016 at 6:00 p.m.
Standing and Non-standing Sub-committees:
- 1st Meeting of the Working on
Professional issues related to
Microfinance Institutions of
Professional Development
Committee (PDC) was held on 03
October 2016 at 6:15 p.m.
- 2nd Meeting of the Sub-Committee
of Investigation & Disciplinary
Committee (IDC) was held on 04
October 2016 at 6:30 p.m.
- Real Estate Committee (REC)
Sub-Committee regarding to
renovation works of 2nd & 6th floor
of CA Bhaban was held on 08
October 2016 at 3:00 p.m.
- 1st Meeting of the Quality Assurance
Board (QAB) Sub-Committee was
held on 18 October 2016 at 6:30
p.m.
- 19th Meeting of the ERP Project
Steering Committee of Information
& Communication Technology
Committee (ICTC) was held on 20
October 2016 at 6:30 p.m.
No more today. My best wishes to all
members and others reading my
communication.
With Gratitude & best regards!
Kamrul Abedin FCA President
7
October 2016No. 324
Dear Fellow Members,
Assalamu Alaikum and greetings to all of you.
As I pass the last quarter of the year as President of ICAB, I am trying to accomplish our unfinished tasks. These are busy times as many of the events quite naturally fall into the last part of the year.
For the same reason, the month of October saw a number of trainings, seminars, workshops. The ICAEW team was in Dhaka for a number of days to interact with our Council, Management Officials, Students, Firms, etc. I thank everyone associated for facilitating the visit of the team.
Having said so, I would like to draw your attention to some of the prominent activities of the month.
Strengthening Financial Reporting Framework and Audit Practice: I express my great satisfaction for the World Bank project titled “Strengthening Financial Reporting Framework and Audit Practice”, signed through a contract with ICAEW where ICAB would be consultant for both goods and services deliverable by ICAEW. The ICAEW team consisting Senior Consultants of ICAEW, Dr. David Brookfield and Mr. Stephen Lamdin, FCA and Mr. Justin West, Head of New Business Opportunities interacted and exchanged view
with Council, Students, Firms between 24-30 October. The visit was culminated to a conference related to education and training with the members of Examination Committee, Board of Studies, Tutors and concerned department of ICAB.
Public Private Partnership for Improved Public Sector Auditing in Bangladesh: A team of ICAB led by me participated in a policy paper dissemination workshop on “Public Private Partnership for Improved Public Sector Auditing in Bangladesh” organized by The World Bank, Dhaka Office on 19 October 2016.
Mr. Masud Ahmed, Comptroller and Auditor General of Bangladesh made the opening remarks in the program while I gave introductory comments. Ms. Suraiya Zannath, Lead Financial Management Specialist, the World Bank presented the key note paper.
Mr. Masud Ahmed observed that audit sector of the country could be improved through proper utilization of Public Private Partnership initiative. He emphasized on joint collaboration between ICAB and CAG through mutual knowledge sharing to promote transparency and accountability in public sector financial management which was appreciated by all of us. In my speech, I echoed the same and in response I suggested to formulate a long term
strategic Public Private Partnership between us.
Promoting Chartered Accountancy: I appreciate the effort, an initiative of DRC and others to spread the career prospect of Chartered Accountancy profession to the doorstep of potential students, teachers. In the series of such events this time it was the Department of Accounting & Information Systems (AIS), Jagannath University where we organized seminar on ‘Chartered Accountancy: Career Excellence’ on 29 October 2016. Vice Chancellor, Jagannath University Professor Dr. Mijanur Rahman was the Chief Guest along with Professor Dr. Md Salim Bhuiyan, Treasurer and Professor Dr. Moniruzzaman, Dean of Faculty of Business Studies, Professor Dr. Ali Noor, Chairman, Department of Accounting and Information System, Jagannath University. The programme went well and was able to generate expected enthusiasm and eagerness among the students.
Arrangement for Online Banking Payment: We successfully signed MoU to make arrangement for the online payment with Bank Asia. This online payment will facilitate the payment of students, members to pay their fees and bills saving their time and energy. ICAB and Bank Asia Limited signed a Memorandum of Understating (MoU) at a formal ceremony at CA Bhaban on 24 October 2016. Managing Director, Bank Asia Mr. Md. Arfan Ali signed MoU on behalf of Bank Asia
WB Dinner: I attended a dinner at Radisson Hotel on 18 October 2016 hosted by World Bank (WB) in honour of Jim Yong Kim, President, World Bank Group, who visited Bangladesh recently Finance Minister, representative of different stake holders also attended the dinner.
ICAB delegation met Bangladesh Bank Deputy Governor: An ICAB delegation led by me paid a courtesy call on Bangladesh Bank Deputy Governor Mr. Shitangshu Kumar Sur Chowdhury at BB office on 17 October 2016. We discussed about different professional issues particularly matters relating to Draft Guidelines on External Audit of Banks and the check list. The draft guidelines and the check list have been prepared by the Ministry of Finance and the Bangladesh Bank. We proposed extension of time schedule of submission of ICAB’s opinions regarding the draft. The Bangladesh Bank authority agreed on ICAB’s proposal.
Training on IFRS & BAS: We organized a Training on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standards (BAS) at CA Bhaban which continued from 13 August 2016 till 01 October 2016. A total 48 Faculty Members of different Universities participated in the Training Programme. The resource person of the programme was Fellow member Mr. Snehasish Barua FCA. Vice President (T&R) Mr. Adeeb Hossain Khan FCA, Vice President (E&T) Mr. Mahmudul Hasan Khusru FCA, Council Member Mostofa Kamal FCA were present while Mr. Syed Mahbubur Rahman, Managing Director & CEO, Dhaka Bank Limited attended the closing ceremony as Chief Guest on 1 October 2016.
Training and Workshops: ICAB held a series of training and workshops in the month of October among them "Examination Techniques for the Students of Professional Stage - Knowledge Level" was held on 18 October 2016 at ICAB Academic Campus. A total number of 45 students took part in the workshop. Council Members Mr. Muhammed Farhad
Hussain FCA and Mr. Dewan Nurul Islam FCA and Members Mr. Snehasish Barua FCA, Mr. Abdullah-Al Mamun FCA were the Facilitators in the workshop. I believe that the workshop has been beneficial for the students.
A training programme on "Bangladesh Financial Reporting Standards (BFRS) & Bangladesh Accounting Standard (BAS)" for 2nd Batch was held at CA Bhaban on 8 October 2016 and to be continued on 12 November 2016. The total number of participants was 40 and I believe this time also the training programme on BFRS and BAS was worthwhile for the participants.
A workshop on "Effective Presentation through Power Point" from 01 October 2016 to 08 October 2016 was held at ICPE training room. A total number of 24 participants participated in the Workshop.
A Training Programme on “Competitive Business Strategy & Innovation” was held at CA Bhaban from 11 August to 06 October 2016. The number of the participants was 26.
The concluding session of training was held on 06 October 2016. Mr K. A. M. Majedur Rahman, Managing Director, Dhaka Stock Exchange was present as Chief Guest and gave away the Certificate to the trainees. Mr Mohammed Saif Noman Khan, Professor, IBA, Dhaka University was the Resource Person.
The Examination on Accounting (Knowledge Level) Feedback Session was held on 28 October 2016 at ICAB Academic Campus. The Mock Exam on “Accounting” for the students was held on 14 October 2016 at the same venue under the guidance of Dhaka Regional Committee (DRC)-ICAB. From this session, I believe, students would be benefited.
CAB has taken initiatives to bring automation in office operational system especially in payment of fees
and bills. From now on the Institute would gradually elevate to online system through which all kinds of payments would be made. Bank Asia Limited will provide the banking and technical support to ICAB. On 24 October 2016 ICAB and Bank Asia Limited signed a Memorandum of Understating (MoU) at a formal ceremony at CA Bhaban.
ICAB President Kamrul Abedin FCA and President & Managing Director of the Bank Asia Md. Arfan Ali signed the Memorandum of Understanding (MoU) from their respective sides. ICAB Vice President Mahmudul Hasan Khusru FCA, Past President and Council
Members Anwaruddin Chowdhury FCA, Muhammed Farhad Hussain FCA, Md. Humayum Kabir FCA, Council Member AF Nesaruddin FCA, Secretary AKM Rahmat Ullah FCA and Bank Asia high officials were present in the occasion. Mr. Arfan said Bank Asia is working to provide financial inclusion and digital
financial services with a view to reach the banking facilities to the door steps of all customers. ICAB President said that members and the students of the Institute can pay any fees and bills to Institute using this online banking system.
IMoU between ICAB and Bank Asia
Accountancy Age Reports
Record fine for Deloitte and audit partner over Aero misconduct
ICAB President attends SCB and
WB DinnersICAB President Kamrul Abedin attended a dinner at Radisson Hotel on 18 October 2016 and a dinner at Hotel Westin, Dhaka on 5 October 2016 hosted by World Bank (WB) in honour of Jim Yong Kim, President, World Bank Group, who visited Bangladesh recently.
The Dinner at Hotel Westin hosted by Standard Chartered Bank (SCB) was arranged in honour of Andy Halford, Group Chief Financial Officer of the bank who visited Bangladesh on 5-6 October 2016.
Deloitte has been fined a record £4m and its partner John Clennett has been fined £150,000 for misconduct regarding Aero Inventory. The Financial Reporting Council (FRC) has meted out severe reprimands to both parties, and ordered Deloitte to pay a further £2.275m for costs of proceedings.
Gareth Rees QC, executive counsel to the FRC, said: “This fine of £4m is the highest recorded by the FRC for misconduct on a firm and was imposed on Deloitte by the tribunal following a five week hearing.” Last year Deloitte was slapped with a £14m fine for its role in MG Rover – which was then cut
to £3m. Deloitte was the auditor for Aero and Clennett was the audit engagement partner.
The three allegations brought by the executive counsel to the FRC concerned the appropriateness of the accounting and disclosure in Aero’s 2006 financial statements. It included the cost of sales and stock valuations in the financial years ended 2006, 2007 and 2008, as well as the stock existence in the 2007 and 2008 audits.
All three allegations were proved and that the conduct of Deloitte and Clennett were
ICAB-Dhaka Regional Committee (DRC) distributed Oral Saline packets to the flood affected people at Borodhul Union, Belkuchi thana under Sirajganj. In association of DRC-ICAB, Muktibahi Somoj Kallayn Songstha, organized the programme recently. DRC Member Md. Salim Reza among others was present.
DRC distributes Oral Saline toflood victims
well below the standards expected of them, as a member firm and ICAEW member respectively.
Source: Accountancy Age, 11 Nov 2016
CPD Seminar conducted by CRC on Transfer Pricing: I express my gratitude to Chittagong Regional Committee (CRC) of ICAB for arranging CPD Seminar on “Finance Act 2016-Major Changes to Income Tax & VAT” on 15 October 2016 at Crystal Ball Room, Hotel Agrabad Limited, Chittagong where Mr. Shekhar Ranjan Kar FCA, Group CFO & Company Secretary, BSRM Group, Chittagong presented the keynote paper and Panel discussants of the Seminar were: Mohammad Solaiman FCA, Sampad Kumar Basak FCA, Sidhartha Barua FCA, Sarwar Uddin FCA and Md. Johirul Islam FCA.
To close my communication, lastly I would like to focus on some of other activities that I carried out; among them is my attendance to the Best Corporate Award Ceremony of the Institute of Chartered Management Accountants of Bangladesh (ICMAB) at Pan Pacific Sonargaon on 26 October 2016 where among Heads of different corporate bodies/entities, Mr Abul Maal A Muhith, Hon’ble Minister, Ministry of Finance, GoB, graced the occasion as the Chief Guest. As Chief Guest I also attended a Bi-annual Review & Felicitation Programme to the ACNABIN students qualified in C.A. Examination: May-June 2016 session on 26 October 2016 at their premises. In the program I handed over the crests to the successful qualified chartered accountants of ACNABIN.
Meetings of Council and Standing & Non-standing Committees and Sub-committees
The following meetings of the Council, Standing and Non-standing Committees and Sub-committees of ICAB were held during the month of October- 2016:
Standing Committees:
- 4th Meeting of the Technical Research Committee (TRC) was held on 04 October 2016 at 4:30 p.m.
- 7th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 08 October 2016 at 11:00 a.m.
- 4th Meeting of the Articled Students Committee (ASC) was held on 16 October 2016 at 6:30 p.m.
- 5th Meeting of the Quality Assurance Board (QAB) was held on 20 October 2016 at 5:30 p.m.
- 5th Meeting of the Examination Committee was held on 24 October 2016 at 5:00 p.m.
- 8th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 24 October 2016 at 6:30 p.m.
- 14th Council Meeting was held on 25 October 2016 at 5:00 p.m.
- 9th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 29 October 2016 at 6:30 p.m.
- 15th Council Meeting was held on 31 October 2016 at 5:00 p.m.
Non-standing Committees:
- 3rd Meeting of the Professional Development Committee (PDC) was held on 06 October 2016 at 5:30 p.m.
- 9th Meeting of the Information & Communication Technology Committee (ICTC) was held on 15 October 2016 at 5:00 p.m.
- 7th Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 19 October 2016 at 6:00 p.m.
- 4th Meeting of the Real Estate
Committee (REC) was held on 22
October 2016 at 5:30 p.m.
- 5th Meeting of the CA Order &
Bye-Laws was held on 26 October
2016 at 6:00 p.m.
Standing and Non-standing Sub-committees:
- 1st Meeting of the Working on
Professional issues related to
Microfinance Institutions of
Professional Development
Committee (PDC) was held on 03
October 2016 at 6:15 p.m.
- 2nd Meeting of the Sub-Committee
of Investigation & Disciplinary
Committee (IDC) was held on 04
October 2016 at 6:30 p.m.
- Real Estate Committee (REC)
Sub-Committee regarding to
renovation works of 2nd & 6th floor
of CA Bhaban was held on 08
October 2016 at 3:00 p.m.
- 1st Meeting of the Quality Assurance
Board (QAB) Sub-Committee was
held on 18 October 2016 at 6:30
p.m.
- 19th Meeting of the ERP Project
Steering Committee of Information
& Communication Technology
Committee (ICTC) was held on 20
October 2016 at 6:30 p.m.
No more today. My best wishes to all
members and others reading my
communication.
With Gratitude & best regards!
Kamrul Abedin FCA President
8
October 2016 No. 324
ICAB Academic Campus NewsThe Pre-examination Classes for Professional Stage-Knowledge Level (14th Batch, Sections: K&L), Application Level (13th Batch, Sections: A-D) and Advanced Stage (12th Batch, Section: A) which started from last 06 September 2016 at ICAB Academic Campus for Examination Session: November- December 2016, will be concluded on 29 November 2016. There are 417 students joining with 114 teachers for the Class Session: September-November 2016.
As a result, the cumulative number of participated students of ICAB under new curriculum has risen to 12,044, till October 27, 2016.
Furthermore, a new session for the students who have not yet been attained the existing schedule of Professional Stage-Knowledge Level, has commenced from Tuesday, 06 September 2016 at Campus. The
classes of this batch to be ended by 27 November 2016.
Meanwhile, the Mock Exam on "Accounting" for Professional Stage-Knowledge Level students was held on Friday, 14 October 2016 at 3:00pm to 5:00pm at ICAB Academic Campus, under the guidance of Dhaka Regional Committee (DRC)-ICAB. Actually, the omissions and errors found in answers script would show the means and ways for doing well in the final exams. The matters and techniques were also discussed by the resource persons.
On the other hand, the regular classes for the students of Professional Stage-Knowledge Level (15th Batch) would start from Thursday, 01 December 2016 at ICAB Academic Campus. A Notice has already been issued in this regard, and all concerned students are advised to enroll for the classes by 22 November 2016 at ICAB Academic
Campus, and join the session accordingly.
Within the month of October 2016, the Vice President (E&T)-ICAB, Mahmudul Hasan Khusru FCA visited the ICAB Academic Campus on 07, 14, 23, 21 & 28 October 2016, during the class-hour in the evening shift and Fridays' session. He met with the students and faculty members, to know about the areas needed to improve with a view to make the campus environment, services and activities more congenial for study. He advised all the concerned for proper implementation of the outcomes of his visits as well.
Besides, the refurbishments of ICAB Academic Campus at 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Area, Dhaka-1215, has mostly been done, and the rest works of car parking and mezzanine floor would be completed by November 2016.
Resource Persons: ICAB Academic Campus (Sept.-Nov. 2016)Name of Resource Persons(Section- K & L of PS-KL-14th Batch)
Mr Ajit Kumar Paul FCAMr Md Al- Amin Siddiki FCA Mr G S Ashiqur Rahman Bhuyian FCAMr Md Mustaq Ahmed ACAMr Abdul Hamid FCAMr Md Fuad Hasan ACAMr Mohammad Shafikul Islam ACAMr Uttam Kumar Saha ACAMr Abu Hena Mustafa Kamal ACAMr Nirmal Chandra Biswas ACAMr Tariquzzaman Khan FCA Ms Sharmina Tasneem ACAMr Abdulla Al Mahmud FCAMr AHM Ariful Islam ACAMr Md Faruk Hossain ACAMs Tasnima Nur ACAMr Muhammed Moshiur Rahman FCAMs Sheuly Akter ACAMr Anup Kumar Mukherjee FCA
Mr Md Rejaul Karim ACAMr Mohammad Imtiaz Khan FCAMr Mohammad Showket Akber FCAMr Md Jashim Uddin AhmedMr Zafar Ullah Khan FCAMr G M Latiful Quader FCAMr Muhammed Asaduzzaman NurMr Tarek Rashid ACAMr Mazhar Khan
Name of Resource Persons(Section- A-D of PS-AL-13th Batch)
Mr Mohammed Tofazzul Hussain FCAMr Abdullah Al Mamun FCAMr Miltan Bepari FCAMr Obaidur Rahman FCAMr Mohammad Redwanur Rahman FCAMr Anup Kumar Sarker ACAMr Md Shafiqul Alam FCA Mr Md Kahir Mahmood FCA Mr Masud Khan FCA-India Mr Zakir Hossain FCA
Mr Md Lutfar Rahman FCAMr K M Atiqul Islam ACAMr Mahmudul Hasan Khusru FCAMr Abdul Khalek FCAMr Md Amirul Islam FCAMr Abdulla-Al-Mahmud FCAMr Md Mahsudur Rahman FCAMr Shafiq Musharrof FCAMr Md Sarwar Hossen FCAMr Gopal Chandra Ghosh FCAMr Sabbir Ahmed FCA (E-937)Mr AH Mostafa Kamal KhanMr Shamim Al Mamun FCAMr Dipok Kumar Roy FCAMr Sayeed Ahmed FCAMr Masud Khan FCA-India Mr Md Akbar Hossain FCAMr Mohammed Forkan Uddin FCAMr Mohammad Abdul Ohab Miah FCAMr Md Din Islam Miah FCAMr Mohammed Sabir Ahmed FCADr Jakerul Abedin
Mr Mohammad Abdul Matin Mr Md Fokrul Islam FCAMr MAKH Hasif Sowdagar FCA Mr Muhammad Aminul Hoque FCAMr Md Mahamud Hosain FCAMr Md Abdur Rouf FCAMr Mostak Ahmmed FCAMr Shahriar Istiaq Halim FCAMr Md Abdur Razzaque FCAMr Md Ziaul Alam ACA Mr Shaheduzzaman Choudhury FCAMr Mohammad Anowar Hossain FCAMr Md Arshadul Kabir ACA Mr Ranjan Kumar Bhowmik FCMAMr Md Reajul Islam FCAMr Imtiaz Lutful Baset FCAMr Md Selim Reza FCAMr Syed Mohammed Kowser HossainMr Palash MollickMr Mohammad Aminul Hoque FCAMr Md Anisuzzaman FCAMr Ajit Kumar Paul FCAMr S M Rahmatul Mujeeb FCAMr Md Abdul Ahad ACAMr Sujan Kumar Saha ACAMr Mohammad Aslam FCAMr Mohammad Nazim Uddin FCAMr Bibhuti Bhushan Biswas FCAMr Anup Kumar Mukherjee FCAMr Mohammad Imtiaz Khan FCA Mr Sk. Md Tarikul Islam FCAMr Md Jehad UddinMr Mohammad Zakir HossainMr Snehasish Barua FCAMr Yasin Miah FCA
Mr Mohammad Showket Akber FCAMr Abdullah Al YousufMr Md Abdullah Al Amin ACAMr Nazmul Hussain Siddique ACA
Name of Resource Persons(Section- A of AS-12th Batch)
Mr Gopal Chandra Ghosh FCAMr Mohammad Mehedi Hasan FCAMr Mohammed Forkan Uddin FCAMr Md Mahamud Hosain FCAMr Imran Ahmed FCAMr Sabbir Ahmed FCAMr Snehasish Barua FCAMr Abdullah Al Mamun FCAMr Shahriar Istiaq Halim FCAMr Sk. Md Tarikul Islam FCAMr Masud Khan FCA-IndiaMr Sayeed Ahmed FCAMr Snehasish Barua FCAMs Parul Das FCAMr Sujan Kumar Saha ACA
Visiting Faculties(for Ongoing Session)
Name of Visiting FacultiesMr. Kamrul Abedin FCA Mr. Mahmudul Hasan Khusru FCAMr. Adeeb Hossain Khan FCAMr. ABM Azizuddin FCAMr. Anwaruddin Chowdhury FCAMr. Muhammed Farhad Hussain FCAMr. Md Humayun Kabir FCAMr. Md Syful Islam FCAMr. Md Abdus Salam FCAMr. A F Nesaruddin FCA
Mr. Gopal Chandra Ghosh FCA Mr. Mostafa Kamal FCAMr. Md Mahamud Hosain FCA Mr. Masud Khan FCA-IndiaMr. Abdul Khalek FCA Mr. Md Amirul Islam FCAMr. Md Akbar Hossain FCA Mr. Sabbir Ahmed FCA (E-770) Mr. Mohammad Mehedi Hasan FCA Mr. Ajit Kumar Paul FCAMr. Md Abu Bakar FCA Dr. Jakerul Abedin Mr. Syed Mohammed Kowser HossainMr Muhammed Asaduzzaman NurMr Abdullah Al YousufMr Mohammad Zakir HossainMr. Md Jehad UddinMr Md Jashim Uddin AhmedMr. A H Mostafa Kamal Khan
9
October 2016No. 324
Announcement(Classes of Next Session)
The New Session (December 2016-February 2017) for the Students of Professional Stage- Knowledge Level (15th Batch) will start from Thursday, 01 December 2016 at ICAB Academic Campus, 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Area, Dhaka-1215. A Notice has already been issued in this regard, and all the concerned students are advised to enroll the classes by 22 November 2016, and join the session accordingly.
Source: ICAB Campus
Name of Resource Persons(Section- K & L of PS-KL-14th Batch)
Mr Ajit Kumar Paul FCAMr Md Al- Amin Siddiki FCA Mr G S Ashiqur Rahman Bhuyian FCAMr Md Mustaq Ahmed ACAMr Abdul Hamid FCAMr Md Fuad Hasan ACAMr Mohammad Shafikul Islam ACAMr Uttam Kumar Saha ACAMr Abu Hena Mustafa Kamal ACAMr Nirmal Chandra Biswas ACAMr Tariquzzaman Khan FCA Ms Sharmina Tasneem ACAMr Abdulla Al Mahmud FCAMr AHM Ariful Islam ACAMr Md Faruk Hossain ACAMs Tasnima Nur ACAMr Muhammed Moshiur Rahman FCAMs Sheuly Akter ACAMr Anup Kumar Mukherjee FCA
Mr Md Rejaul Karim ACAMr Mohammad Imtiaz Khan FCAMr Mohammad Showket Akber FCAMr Md Jashim Uddin AhmedMr Zafar Ullah Khan FCAMr G M Latiful Quader FCAMr Muhammed Asaduzzaman NurMr Tarek Rashid ACAMr Mazhar Khan
Name of Resource Persons(Section- A-D of PS-AL-13th Batch)
Mr Mohammed Tofazzul Hussain FCAMr Abdullah Al Mamun FCAMr Miltan Bepari FCAMr Obaidur Rahman FCAMr Mohammad Redwanur Rahman FCAMr Anup Kumar Sarker ACAMr Md Shafiqul Alam FCA Mr Md Kahir Mahmood FCA Mr Masud Khan FCA-India Mr Zakir Hossain FCA
Mr Md Lutfar Rahman FCAMr K M Atiqul Islam ACAMr Mahmudul Hasan Khusru FCAMr Abdul Khalek FCAMr Md Amirul Islam FCAMr Abdulla-Al-Mahmud FCAMr Md Mahsudur Rahman FCAMr Shafiq Musharrof FCAMr Md Sarwar Hossen FCAMr Gopal Chandra Ghosh FCAMr Sabbir Ahmed FCA (E-937)Mr AH Mostafa Kamal KhanMr Shamim Al Mamun FCAMr Dipok Kumar Roy FCAMr Sayeed Ahmed FCAMr Masud Khan FCA-India Mr Md Akbar Hossain FCAMr Mohammed Forkan Uddin FCAMr Mohammad Abdul Ohab Miah FCAMr Md Din Islam Miah FCAMr Mohammed Sabir Ahmed FCADr Jakerul Abedin
Mr Mohammad Abdul Matin Mr Md Fokrul Islam FCAMr MAKH Hasif Sowdagar FCA Mr Muhammad Aminul Hoque FCAMr Md Mahamud Hosain FCAMr Md Abdur Rouf FCAMr Mostak Ahmmed FCAMr Shahriar Istiaq Halim FCAMr Md Abdur Razzaque FCAMr Md Ziaul Alam ACA Mr Shaheduzzaman Choudhury FCAMr Mohammad Anowar Hossain FCAMr Md Arshadul Kabir ACA Mr Ranjan Kumar Bhowmik FCMAMr Md Reajul Islam FCAMr Imtiaz Lutful Baset FCAMr Md Selim Reza FCAMr Syed Mohammed Kowser HossainMr Palash MollickMr Mohammad Aminul Hoque FCAMr Md Anisuzzaman FCAMr Ajit Kumar Paul FCAMr S M Rahmatul Mujeeb FCAMr Md Abdul Ahad ACAMr Sujan Kumar Saha ACAMr Mohammad Aslam FCAMr Mohammad Nazim Uddin FCAMr Bibhuti Bhushan Biswas FCAMr Anup Kumar Mukherjee FCAMr Mohammad Imtiaz Khan FCA Mr Sk. Md Tarikul Islam FCAMr Md Jehad UddinMr Mohammad Zakir HossainMr Snehasish Barua FCAMr Yasin Miah FCA
Mr Mohammad Showket Akber FCAMr Abdullah Al YousufMr Md Abdullah Al Amin ACAMr Nazmul Hussain Siddique ACA
Name of Resource Persons(Section- A of AS-12th Batch)
Mr Gopal Chandra Ghosh FCAMr Mohammad Mehedi Hasan FCAMr Mohammed Forkan Uddin FCAMr Md Mahamud Hosain FCAMr Imran Ahmed FCAMr Sabbir Ahmed FCAMr Snehasish Barua FCAMr Abdullah Al Mamun FCAMr Shahriar Istiaq Halim FCAMr Sk. Md Tarikul Islam FCAMr Masud Khan FCA-IndiaMr Sayeed Ahmed FCAMr Snehasish Barua FCAMs Parul Das FCAMr Sujan Kumar Saha ACA
Visiting Faculties(for Ongoing Session)
Name of Visiting FacultiesMr. Kamrul Abedin FCA Mr. Mahmudul Hasan Khusru FCAMr. Adeeb Hossain Khan FCAMr. ABM Azizuddin FCAMr. Anwaruddin Chowdhury FCAMr. Muhammed Farhad Hussain FCAMr. Md Humayun Kabir FCAMr. Md Syful Islam FCAMr. Md Abdus Salam FCAMr. A F Nesaruddin FCA
Mr. Gopal Chandra Ghosh FCA Mr. Mostafa Kamal FCAMr. Md Mahamud Hosain FCA Mr. Masud Khan FCA-IndiaMr. Abdul Khalek FCA Mr. Md Amirul Islam FCAMr. Md Akbar Hossain FCA Mr. Sabbir Ahmed FCA (E-770) Mr. Mohammad Mehedi Hasan FCA Mr. Ajit Kumar Paul FCAMr. Md Abu Bakar FCA Dr. Jakerul Abedin Mr. Syed Mohammed Kowser HossainMr Muhammed Asaduzzaman NurMr Abdullah Al YousufMr Mohammad Zakir HossainMr. Md Jehad UddinMr Md Jashim Uddin AhmedMr. A H Mostafa Kamal Khan
The Examination on Accounting (Knowledge Level) Feedback Session was held on 28 October 2016 at ICAB Academic Campus following the Mock Exam on “Accounting” for the students was held on 14 October 2016 at the same venue under the guidance of Dhaka Regional Committee (DRC)-ICAB. ICAB Vice President Mahmudul Hasan Khusru FCA, Council Member Mostafa Kamal FCA and DRC Chairman Al Amin Siddiki FCA were present and spoke in the session. The omissions and errors found in answers script would show the means and ways for doing well in the final exams. The matters and techniques were also discussed by the resource persons.
Exam Feedback Sessionfor Students
10
October 2016 No. 324
Training on IFRS & BAS ICAB Centre for Professional Excellence (ICPE) organized a Training Programme on "International Financial Reporting Standards (IFRS) & Bangladesh Accounting Standards (BAS) which started on 13 August 2016 and ended on 01 October 2016 at ICPE training room. A total number of 48 participants took part in the Training Programme.
The concluding Session on 01 October 2016 was attended by Vice Presidents, Mahmudul Hasan Khusru FCA, Adeeb Hossain Khan FCA and Council Member Mostofa Kamal FCA. Fellow member Snehasish Barua FCA conducted the session as resource person.
Syed Mahbubur Rahman, Managing Director & CEO, Dhaka Bank Limited was present as Chief Guest while AKM Rahmat Ullah FCA Secretary-ICAB accompanied him during the ceremony.
Workshop on Examination Techniques for the Students of PS - KL ICPE has organized a workshop on “Examination Techniques for the Students of Professional Stage - Knowledge Level” on 18 October 2016 at ICAB Academic Campus. A total of 45 students took part in the workshop.
Muhammed Farhad Hussain FCA, Dewan Nurul Islam FCA, Snehasish Barua FCA, Abdullah-Al Mamun FCA were the Facilitators in the workshop.
Training on IFRS & BAS for 2nd batch started ICAB Centre for Professional Excellence (ICPE) has organized a training programme on "International Financial Reporting Standards (IFRS) & Bangladesh Accounting Standard (BAS) for 2nd Batch of the Members of the Institute on 8 October 2016 at ICAB training room. A total number of 40 participants participated in the Training Programme. The training programme will continue till 12 November 2016.
Fellow Members Snehasish Barua FCA, Wasequl Huq Reagan ACA, Ashraf-Uz-Zaman Ali FCA, Mohammad Salahuddin Chowdhury FCA, Muhammad Aminul Hoque FCA, Sk. Md. Tarikul Islam FCA, Sabbir Ahmed FCA and Associate Professor, Dhaka University, Muhammad Mehedi Hasan FCA were the resource persons.
Workshop on “Effective Presentation through Power Point”
ICAB Centre for Professional Excellence (ICPE) has organized a workshop on "Effective Presentation through Power Point" from 01 October 2016 to 08 October 2016 at ICPE training room. A total of 24 participants participated in the Workshop. As resource persons Md. Anower Hossain Fakir. M.Sc. (Physic), MBA and A.Z.M. Akhlaqur Rahman, B.Sc. Engineer (BUET), MBA, (IBA) from the Robi Axiata Limited, Telecommunication company conducted the classes.
Training Programme on “Competitive Business Strategy & Innovation”
Training Programme on “Competitive Business Strategy & Innovation” organized by ICPE, which started on 11 August and was ended on 06 October 2016 at ICPE training room. A total of 26 members participated in the programme.
The concluding session of training was held on 06 October 2016. K. A. M. Majedur Rahman, Managing Director, Dhaka Stock Exchange was present as Chief Guest in the ceremony.
ICAB President Kamrul Abedin FCA and Council Member Gopal Chandra Ghosh FCA accompaned him in the programme.
Mohammed Saif Noman Khan, Professor, IBA, Dhaka University was the Resource Person.
ICPE News
11
October 2016No. 324
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. Dipak Ranjan Dutta FCA (415) 05 September 2016PartnerDas Chowdhury Dutta & Co.Chartered AccountantsWell Tower (1st Floor), Flat # A/1, 12/APurana Paltan Line, Dhaka-1000(N.B.: The wrong spelling ‘Dipak Ranjan Datta FCA’, Partner of M/s. Das Chowdhury Dutta & Co., Chartered Accountants, was published in the September 2016 issue of the Bulletin. The correct name spelling would be ‘Dipak Ranjan Dutta FCA’).
Permission to train Articled StudentsThe following members have been granted permission to train Articled Students with effect from the dates mentioned against their names:
Name Effective Date
Mr. Suranjit Dhar FCA 13 January 2016PartnerSHAHA & CO.Chartered AccountantsMetro Plaza (1st Floor), Suit # 204, 79/ASadarghat, Chittagong
Mr. Syed Mustaque Ahmed FCA 23 February 2016PartnerMumlook Mustaque & Co.Chartered AccountantsMR Centre, Building # 49, Road # 17Block-E, Banani, Dhaka
Mr. Faruk Ahmed FCA 14 July 2016PartnerKhan Wahab Shafique Rahman & Co.Chartered AccountantsRupali Bima Bhaban (5th Floor)7, Rajuk Avenue, MotijheelDhaka-1000
Mr. Md. Sayeedur Rahman FCA 26 July 2016PartnerHussain Farhad & Co.Chartered AccountantsHouse # 15, Road -12Block-F, NiketonGulshan-1Dhaka-1212
Mr. Md. Rafiqul Islam FCA 08 August 2016PartnerSyful Shamsul Alam & Co.Chartered AccountantsParamount Heights (Level-6)65/2/1, Purana PaltanDhaka-1000
Mr. Md. Nasir Uddin ACA 11 November 2016PartnerN U Ahmed & Co.Chartered AccountantsFlat # 02, House # 25Road # 04, Sector # 03Uttara, Dhaka-1230
Change of office AddressName and New Address Effective Date
M/S. G. Nabi & Co. 05 October 2016Chartered AccountantsEllal Chamber (8th Floor)11 Motijheel Com. AreaDhaka-1000
Chittagong Regional Committee (CRC) of ICAB organised a CPD Seminar on “Finance Act 2016-Major Changes to Income Tax & VAT” on 15 October 2016 at Crystal Ball Room, Hotel Agrabad Limited, Chittagong.
Shekhar Ranjan Kar FCA, Group CFO & Company Secretary, BSRM Group, Chittagong presented the keynote paper in the programme.
Panel discussants of the Seminar were: Mohammad Solaiman FCA, Sampad Kumar Basak FCA, Sidhartha Barua FCA, Sarwar Uddin FCA and Md. Johirul Islam FCA.
CRC-ICAB organised a CPD Seminar on ‘Transfer Pricing’
12
October 2016 No. 324
Member AchievementAbdul Haque New CEO of Northern
General InsuranceAbdul Haque FCA (Enrolment No. 630), has recently joined as Chief Executive Officer (CEO) of Northern General Insurance Co. Ltd. Mr. Haque also served as CEO of Mercantile Insurance for 4 years. He also served at Federal Insurance as DMD & held various responsible positions for over 17 years. He is a part time lecturer of Bangladesh Insurance Academy & Bangladesh Insurance Association and also a member of Bangladesh Insurance Forum.
ObituaryMd. Hafizur Rahman FCA (Enrl. No. 1289), Owner of Hafiz & Company, died on 06 October 2016 due to cardiac failure (Innah Lillahe Wa Inna Lillaihe Rajeun). He was 50.
Md. Hafizur Rahman was qualified as Chartered Accountant and then admitted as Associate Member of ICAB in 2011.
On behalf of the Council and Members of the Institute, the President of ICAB Kamrul Abedin FCA expressed deep sorrow at the sad demise of Mr. Hafizur Rahman and prayed for the salvation of his departed soul and for the bereaved family to bear the shock and irreparable loss.
ACNABIN, Chartered Accountants organized a bi-annual review on performance of ACNABIN students in C.A. Examination: May-June 2016 session on 26 October 2016 at their Training/Assembly Hall. The program congratulated the newly qualified chartered accountants. The President of ICAB Kamrul
Abedin, FCA graced the occasion as the Chief Guest and handed over crests to the qualified chartered accountants and delivered an inspiring speech.
The partners of ACNABIN were present in the program and spoke out words of encouragement for all the students of the Firm.
ACNABIN Congratulates the Successful Students
ICAB President attends ICMAB Best Corporate
Award CeremonyICAB President Kamrul Abedin attended the Best Corporate
Award Ceremony of the Institute of Chartered Management
Accountants of Bangladesh (ICMAB) at Pan Pacific Sonargaon
Hotel on 26 October 2016. Abul Maal Abdul Muhith, MP,
Hon’ble Minister, Ministry of Finance, GoB, graced the
occasion as the Chief Guest.
ICAB delegation met Bangladesh Bank Deputy Governor
An ICAB delegation led by President Kamrul Abedin FCA paid
a courtesy on Bangladesh Bank Deputy Governor Shitangshu
Kumar Sur Chowdhury at BB office on 17 October 2016. They
discussed about different professional matters relating to Draft
Guidelines on External Audit of Banks and the check list. The
draft guidelines and the check list have been prepared by the
Ministry of Finance and the Bangladesh Bank. Other
members of the delegation were ICAB Council Member and
Past Presidents Akhtar Sohel Kasem FCA, Secretary AKM
Rahmat Ullah FCA, Fellow Members Sabbir Ahmed FCA,
Snehasish Barua FCA, Ashraf-Uz-Zaman Ali ACA. ICAB
proposed to extend the time schedule of submission of its
opinion regarding draft guidelines, which was agreed by
Bangladesh Bank.
13
October 2016No. 324
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14
October 2016 No. 324
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
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Px‡bi 13wU cÖwZôv‡bi m‡½ 13.60 wewjqb Wjv‡ii wewb‡qvM Pzw³ ¯^vÿi K‡i‡Q evsjv‡`‡ki 11wU †emiKvwi I 2wU miKvwi cÖwZôvb| evsjv‡`kx gy`ªvq hv cÖvq 1jvL 7 nvRvi 440 †KvwU UvKv| Gi g‡a¨ i‡q‡Q †mŠiwe`y¨r †_‡K ïiæ K‡i AeKvVv‡gv, †ijI‡qmn bvbv Lv‡Zi wewb‡qvM I e¨emv-evwYR¨, G wewb‡qvM A_©‰bwZK mn‡hvwMZvi †ÿ‡ÎI i‡q‡Q| GQvov Z_¨ cÖhyw³ †ÿ‡Î eo ai‡Yi Pzw³ n‡q‡Q| K…wl, evwYR¨, ˆZix †cvkvK, cvULv‡Z Pxb wewb‡qvM Ki‡e| mKj †ÿ‡Î we‡kl KvVv‡gvMZ Pzw³ i‡q‡Q| wWwRUvj evsjv‡`k Movi ¯^cœ ev¯Íevq‡b Pxb eo AvKv‡ii mnvqZv †`‡e| mgy`ª A_©bxwZ
wel‡q mgv‡SvZv ¯§viK ¯^vÿi n‡q‡Q| Px‡bi cÖ¯ÍvweZ ÔIqvb †eë Iqvb †ivWÕ Gi D‡`¨v‡M evsjv‡`‡ki hy³ n‡Z GKwU mgv‡SvZv ¯^vÿi nq| Rw½ I mš¿vm `g‡b Pxb KvwiMwi I mÿgZv evov‡Z mnvqZv †`‡e| eøy B‡Kvbwgi Rb¨ †hŠ_ D‡`¨v‡M `yB †`k KvR Ki‡e| bvixi ÿgZvq‡bi wel‡q evsjv‡`‡ki AwfÁZv Kv‡R jvMv‡e Pxb| GQvov evsjv‡`‡ki e¨emvqxiv Px‡bi Kv‡Q †KvUv wd« Ges wWDwU wd« cY¨ idZvwbi my‡hvM †P‡q‡Q hv Pxbv †cÖwm‡W›U we‡ePbvi Avk¦vm w`‡q‡Qb|
evsjv‡`k I Px‡bi g‡a¨ Nwbô e¨emvwqK m¤úK© `xN© w`‡bi| Px‡bi cÖwZwbwa`‡ji GB mdi †mB m¤úK©‡K AviI GwM‡q †b‡e| 2021 mv‡j evsjv‡`k ga¨g Av‡qi †`‡k cwiYZ nIqvi †h c‡_ nuvU‡Q, GB Pzw³ Zvi GKwU avc hv evsjv‡`k‡K Zvi j‡ÿ¨ †cuŠQ‡Z mnvqK n‡e|
(1 wewjqb Wjvi = 8000 †KvwU UvKv)
wek¦e¨vsK †cÖwm‡W‡›Ui evsjv‡`k mdi
wek¦e¨vs‡Ki †cÖwm‡W›U wRg Bqs wKg evsjv‡`k md‡i Av‡mb 16 A‡±vei| `yB w`‡bi md‡i me wgwj‡q 3 wewjqb Wjvi mnvqZvi bZzb cÖwZkÖæwZ †cj evsjv‡`k| †`k mnvqZv †KŠk‡ji (wmGGm) AvIZvq †h mnvqZv †`Iqv nq Gi evB‡i AwZwi³ G A_© cv‡e evsjv‡`k| Gi g‡a¨ wkï cywó Lv‡Z 1 wewjqb Wjvi I Rjevqy cwieZ©‡bi P¨v‡jÄ †gvKvwejvi Rb¨ evsjv‡`k‡K 2 wewjqb Wjvi †`qv n‡”Q| Rjevqy cwieZ©‡bi Kvi‡Y c„w_ex‡Z †hme †`k fqven SuywKi g‡a¨ Av‡Q, evsjv‡`k Zvi GKwU| wb¤œ-ga¨g Av‡qi †`‡k DbœxZ n‡jI evsjv‡`k wek¦e¨vs‡Ki B›Uvib¨vkbvj †W‡fjc‡g›U G¨v‡mvwm‡qk‡bi (AvBwWGm) m`m¨ _vK‡e| A_©bxwZi w¯’wZkxjZv iÿv, gvbe Dbœqb, e¨emvq cwi‡e‡ki DbœwZ, R¡vjvwb, AvÂwjK †hvMv‡hvM, bMivqb GB
LvZ¸‡jv‡Z wek¦e¨vsK evsjv‡`k‡K mnvqZv Ki‡Z cvi‡e e‡j Rvbvb wek¦e¨vs‡Ki fvBm-‡cÖwm‡W›U A¨v‡bU wW·b|
wek¦e¨vs‡Ki g‡Z evsjv‡`‡k AwZ `wi‡`ªi nvi K‡g GLb 12.9 kZvs‡k G‡m‡Q| ¯^vaxbZvi ci MZ 45 eQ‡i wek¦e¨vsK Zv‡`i AvšÍR©vwZK Dbœqb ms¯’vi (AvBwWG) gva¨‡g evsjv‡`k‡K mnR k‡Z© `yB nvRvi PvikZ †KvwU Wjvi FY w`‡q‡Q| AvBwWG 18 c¨v‡K‡Ri AvIZvq AvMvgx wZb A_©eQ‡i (2017-20) 7.5 wewjqb Wjvi FY cv‡e evsjv‡`k|
wb¤œ-ga¨g Av‡qi †`k †_‡K ga¨g Av‡qi †`‡k DbœxZ nIqv Ges 2030 mv‡ji g‡a¨ cy‡ivcywi `vwi`ª we‡gvP‡b evsjv‡`‡ki mvg‡b bvbv P¨v‡jÄ| Gme P¨v‡jÄ †gvKvwejvq wZbwU Lv‡Z ¸iæZ¡ †`Iqvi civgk© w`‡q‡Qb wZwb; G¸‡jv n‡jv:
cÖ_gZ: e¨emvi cwi‡ek DbœZ Ki‡Z bxwZ ms¯‹vi Kiv DwPr;
wØZxqZ: cÖvwZôvwbK mÿgZv e„w× Kiv cÖ‡qvRb;
Z…ZxqZ: kw³kvjx mykxj mgvR MVb, wePvi e¨e¯’v, ivóªvqZ¡ e¨vsK, Ki Av`vq, `yb©xwZ `gb Kwgkbmn wewfbœ †ÿ‡Î mykvmb cÖwZôvq †Rvi w`‡Z n‡e|
Ô17 A‡±vei A¨vÛ Iqvì© †cÖvfvwU© †WÕ Dcj‡ÿ Zuvi G mdi| GB w`b ivRavbxi Imgvbx wgjbvqZ‡b wek¦e¨vsK †cÖwm‡W›U `vwi`ª we‡gvPb wb‡q GKwU ÔMY e³…ZvÕ †`b| Gici wZwb `vwi`ª we‡gvP‡bi cÖKí m‡iRwg‡b cwi`k©b Ki‡Z ewikv‡ji `ywU MÖv‡g hvb| MÖvg `ywU n‡jv evKzw`qv (eveyMÄ Dc‡Rjv) I fimvKvwV (DwRicyi Dc‡Rjv)|
Òhvevi Av‡M wRg Bqs wKg e‡jbÑ D™¢vebx aviYv w`‡q `vwi‡`ªi weiæ‡× msMÖvg Ki‡Q evsjv‡`k| GQvov bvixi ÿgZvqb, Rjevqy cwieZ©‡bi P¨v‡jÄ †gvKvwejvq bZzb bZzb D™¢vebx aviYv †`‡LwQ| Avwg evsjv‡`‡ki gvby‡li my›`i fwel¨r †`L‡Z cvw”Q|Ó
Pxbv †cÖwm‡W‡›Ui evsjv‡`k mdi: HwZnvwmK Pzw³ I mgv‡SvZv ¯§viK ¯^vÿi