September 2015

ICAB NEWS BULLETIN

Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh

Number 311

ICAB organized Workshop on

Financial Reporting Framework for
Public Sector Entities
ICAB organized
Workshop... Entities

01

ICAB organized
Orientation... Firms

02

2nd Workshop on QAD 03

for CA Students
Training on IFRS & IAS
for... BB Officials

03

Presidents Communi- 04
cation September 2015
Representatives from
Japan... visit ICAB

08

Discussion and Way

Forward...FRA 2015

08

Workshop on Communication... Members

09

Workshop on Import09
Export... International Trade
09
ICAB attends Bangladesh... Conference 2015
5-Member Election
Commission... Council

10

CRC-ICAB organized
CPD Seminar... VAT'

11

CAB

organized

workshop

on

Presentation of Concept Note- Financial

Reporting Framework for Public Sector

Entities on 8 September 2015 at Pan Pacific

Sonargoan,

Dhaka.

The

workshop

was

financed by The World Bank under the Project

Strengthening Financial Reporting Framework
and Audit Practice which was signed on 28

11
Exlcusive Interview of
Shahadat Hossain... FRA

April 2014 between ICAB and the World Bank.

ICAB attends Jury Board 11

Meeting.... Awards

updating

Two Companies panel- 11

ized... MABS & J Partners

The main components of the Project are:

and

framework

for

professional
enhance

implementing
the

PSE,

education

audit

quality

ASM Nayeem FCA,

Abbas Uddin Khan FCA, Nasir Uddin Ahmed

FCA, Md Abdus Salam FCA, Dewan Nurul
Islam FCA,

Md. Syful Islam FCA,

Gopal

Chandra Ghosh FCA and AKM Rahmat Ullah

FCA, Secretary, ICAB were present.
Financial Management Specialist, the World

standards
assurance

and

Bank,

and

Financial Management Specialist and Task

Congratulations

14

Tofazzul Hussain in
CMCI Conference

14

M A Mannan, MP, Honble State Minister,

We Mourn

14

ISSN 1993-5366

Kamrul Abedin FCA,

Showkat Hossain FCA,

strengthening

monitoring system.

16

Nesaruddin FCA,

A F

Ms. Suraiya Zannath Khan, FCA, Senior

12

ICAB delegates participate in... London

Among the council members of ICAB

reporting

Campus News

A Coordination Meeting 15
between... Group

the welcome speech.

Ministries of Finance & Ministry of Planning,

Mohammad

Atikuzzaman

FCA,

Team Leader of this project also made the

program lively and vibrant by giving their
informative and perspicuous speech.

GoB, graced the program as the Chief Guest

ICAB Project Adviser Burhanuddin Ahmed

and inaugurated the workshop. President

FCA

ICAB Masih Malik Chowdhury FCA delivered

strengthening financial reporting framework

presented

the

concept

paper

on

No. 311

September 2015
for public sector entities. The Concept

areas specially in financial reporting in

financial reporting in private sectors, it

Note is the research work of Project

both public & private sector. He said the

is willing to work in public sector too.

Team to identify the present status of

World Bank has come forward to

For this government has to create an

the Financial Reporting Framework of

strengthen the financial reporting in

environment so that ICAB and other

PSEs and the findings with appropriate

public sector entities in Bangladesh

recommendation

auditing authorities in public sector

which is very appreciable.

entities

to

improve

the

He also

present status. Before preparing the

thanked the finance ministry for joining

Concept

hands in the tripartite efforts.

Note

communicated

the
with

Project

Team

Ministry

of

Finance, Monitoring Cell of MOF, SOE

wing of MOF and different PSEs and
collected relevant information.
Together with Finance Ministry, ICAB is
working

to

strengthen

Financial

Reporting Framework for Public Sector

Entities under this project of the World
Bank.

could

Bangladesh

work

together.

has advanced in many

aspects, it would not remain behind in

ICAB President said we believe that if

this area, he hoped. The World Bank

ICAB

Senior

and

the

Regulatory

responsible

for

auditing

in

Bodies
public

entities, work together, the financial

regime

of

Financial

Management

Specialist Suraia Zannath FCA also

spoke on the occasion.

the

country will be
stronger.

This

would

also

ensure best use

State Minister M A Mannan said, ICAB

of

public

is relentlessly working towards bringing

revenue. He also

financial discipline in the country. In this

said

although

regard it has succeeded in some areas;

ICAB

is

however it requires to improve in many

working

now
A partial view of the audience

in

ICAB organized Orientation and Training for Audit

Firms and Reviewer Firms

he Project Management Unit (PMU)

of the Local Governance Support
Project II (LGSP-II) entrusted

ICAB to organize an Orientation &

Training Program on Financial Audit,
Performance Assessment, Fiduciary &
Safeguards Compliance for the Audit
Firms and Audit Reviewer Firms prior to
commencement of the field audit by the
Audit Firms for the year 2014-2015.
Accordingly,

ICAB

assured

the

inauguration of training was held at

ICAB auditorium. The orientation &
training from the 13 September to 18
September 2015 in its New Academic
Campus.
The objective of the training program is
to ensure effectiveness, efficiency and
quality of the audit & assurance services

of all the 4550 Union Parishads (UPs)

held everyday in the ICAB Academic

for the FY 2014-2015 commenced from1

Campus between 13 and 18 September

October, 2015.

which formally ended on 18 September

ICAB Vice President AF Nesaruddin

FCA inaugurated the 1st session of the
training at the ICAB Auditorium 13

2015. A total number of 1236 LGSP field

auditors participated in the training &
orientation program.

September 2015 where ICAB President

The resource persons for the training

Masih Malik Chowdhury FCA was the

were from PMU Office of the LGSP-II,

Chief Guest.The technical sessions was

Reviewer Firms and ICAB.

No. 311

September 2015

2nd Workshop on QAD for CA Students

CAB

Center

Excellence
day-long

for

(ICPE)
workshop

Professional
organized

on

to

"How

Maintain Quality in Audit and Assurance

Services" for CA Students for the second
time on 8 September 2015 at its
Auditorium. Earlier the 1st workshop
was held in August of this year.
A

total

number

of

50

students

participated in the workshop. ICAB Vice

President

AF

Nesaruddin

FCA

inaugurated the workshop and President

and its requirements as per BSQC 1,

Resource Persons of the workshop were

Masih Malik Chowdhury FCA awarded

brief on different stages of audit and

Md. Kamruzzaman ACA ,

certificate to the participants.

contents of audit working files re-audit

Tarikul Islam ACA,

practice manual: Audit planning and

ACA

control evaluation, audit completion and

FCA.

In the workshop the discussion topics

were current status of quality assurance

audit

compliance

review

Sk. Md.

Farhana Sultana

and Muhammad Aminul Hoque

(ACR).

Training on IFRS & IAS for Bangladesh Bank

Officials
3rd phase of the training program on
IFRS & IAS for Bangladesh Bank
officials which started on 2 August and
ended on 14 September 2015 in a gala
ceremony

at

hotel

Pan

Pacific

Sonargaon. Nazneen Sultana, Deputy

Governor, Bangladesh Bank graced the
closing ceremony as the Chief Guest.
In her speech, she said Bangladesh
Bank has taken various initiatives to
forge the officials with knowledge and
skills

particularly

in

knowledge acquired from the training in

later noted down the opinions from the

day to day work of the central bank.

participants about the training.

international

ICAB President Masih Malik Chowdhury

ICAB Vice President AF Nesaruddin

purpose,

accounting

&

auditing standards with a view to make

the

central

bank

of

With

this

FCA said the training was organized

FCA and Council Member & Past

Bangladesh Officials are taking part in

mainly

International

President Md. Syful Islam FCA also

the training of ICAB, she added.

Financial Reporting Standards (IFRS)

spoke on the occasion. Bangladesh

Bangladesh Bank is working to improve

and its intricacies & relevance. He also

Bank

human resources, she further said and

said that ICAB will continue the training

Sultana handed over the certificates to

urged the BB Officials to use the

in future for the central bank officials. He

the participants.

standards.

to

distribute

Deputy

Governor

Nazneen

No. 311

September 2015

Presidents
Communication
September 2015

Dear Fellow Members,

hope my dear fraternity and the fellow

members had a very pleasant Eid

Assalamu Alaikum and Greetings to you

all.

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with

their families amidst near and dear ones.

Due to Eid holidays in this month, we had
tried our best to make lesser number of

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equally working days more eventful as

before.
Dear members my journey as the President
of the Institute of Chartered Accountants of
Bangladesh 2015 has begun with a spade

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work with a view to get the Strategic Plan

2015 for the year 2015 ahead as best as
possible. Our efforts dedicated in the last 9
months have now started reaping results.
Students are knowingly complacent with
their new campus amidst its modern

Kv_vI Dj m~h Avm ;

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facilities & library at CA Bhaban. The day

to day operational works is smoothly going
in ICAB. Every month in one ManCom
meeting and two Member Secretaries
meetings

amidst

presence

of

Vice

Presidents, all concerned managers are

showing their proactiveness. We discuss
the

activities,

development

&

implementation of our Strategic Plan 2015

This month we observed the festivity of Eid
ul Azha with due solemnity and religious
colors.

May Allah (SWT) accept our

devotion & sacrifice with satisfaction.

& the way forward in those meetings.

Dear members, you would now observe
that all the sections of employees of the
Institute

have

attained

remarkable

No. 311

September 2015

improvements in their respective working

Nesaruddin FCA, Mr. Kamrul Abedin FCA

on 13 September 2015 where I was present

areas.

VPs, Mr. Showkat Hossain FCA,

as the Chief Guest. My special gratitude &

I put on record their active parts

Mr. Abu

with high acclamation. However, consistent

Sayed Mohammed Nayeem FCA,

Mr.

thanks are due for the resource persons of

ongoing of activities with good governance

Abbas Uddin Khan FCA, Mr. Nasir Uddin

training who were from PMU Office of the

is a sine qua non, which is still a far cry.

Ahmed FCA, Mr. Md Abdus Salam FCA,

LGSP-II, Reviewer Firms and ICAB. At the

With a somber note we also mention here

Mr. Dewan Nurul Islam FCA, Mr. Md. Syful

end of the training, few certificates among

that only our efforts towards FRA came up

Islam FCA, Mr. Gopal Chandra Ghosh FCA

the participants were distributed.

with an outcome not really expected by us.

and Secretary Mr. AKM Rahmat Ullah FCA

However, our efforts & endeavors had

were present in it. Also present were World

made

Bank

the

authority

understood

in

Senior

Financial

Management

Workshop on Communication Skills and

Integrity Practices for Members

incorporating some important amendments

Specialist, Ms. Suraiya Zannath Khan FCA,

A day long workshop on "Communication

& clauses in FRA which would put the

Financial Management Specialist and Task

Skills and Integrity Practices "organized by

Institute in a better place in the long run.

Team leader of the project Mr. Mohammad

ICAB Center for Professional Excellence(

Rather optimistically however, we shall

Atikuzzaman

ICPE) was conducted

FCA. Their kind presence

have to be prepared to reap the benefit

has made the program more lively. I owe to

from it. We shall have to be vigilant against

them my deep gratitude for extending their

(BPATC) on 12 September 2015 at BPATC

any odds that would likely occur from The

help with their knowledge & wisdom, as

premises in Savar. Mr. AKM Abdul Awal

FRA. We have to stand united to ensure

always.

Mazumder, Rector, BPATC inaugurated the

that the professionalism comes first to

Project Adviser Burhanuddin Ahmed FCA

workshop. He conducted two sessions on

ensure transparency and accountability &

with his in-depth knowledge presented the

Communication Skills and Public Speaking

good governance in the financial sector.

concept paper on strengthening financial

and Mr. Sish Haider conducted the session

Now let me try to elaborate the activities of

reporting framework

on

for public sector

the month of September 2015 for your

entities. This has made

glance. Judgment & comments from you

discussion. Thanks Mr. Burhanuddin.

would be highly appreciated.

Workshop

on

baseline for

Reporting

Framework for Public Sector Entities

and Audit Reviewer Firms under LGSP-II

The Project Management Unit (PMU) of the

A workshop on Presentation of Concept

Local Governance Support Project II

Note- Financial Reporting Framework for

(LGSP-II) entrusted ICAB to organize an

Public Sector Entities was held on 8

Orientation

September 2015 at Pan Pacific Sonargoan,

onFinancial

Audit,

Dhaka under the project; Strengthening

Assessment,

Fiduciary

&

Training

Integrity.

In

my

Training

address

Center

at

the

conclusion I assured ICABs cooperation

for holding such a training for BPATC staffs

Orientation and training for Audit Firms

Financial

Administration

by Bangladesh

Public

Program

in future. In reply, Rector, BPATC echoed

his interest for such arrangements. During
this time I was accompanied by Vice
President (E & T) Mr. AF Nesaruddin FCA.
Training

on

IFRSs

&

IASs

for

Bangladesh Bank officials

Performance

3rd consecutive year of the training

Safeguards

program on IFRSs & IAS for Bangladesh

Financial Reporting Framework and Audit

Compliance for the Audit Firms and Audit

Bank officials started on 2 August. It had

Practice of the World Bank. The main

Reviewer Firms, prior to commencement of

ended on 14 September 2015 in a gala

components of the project are; updating

the field audit by the concerned Audit Firms

ceremony at hotel Pan Pacific Sonargaon.

and implementing a reporting framework for

for the year 2014-2015. Accordingly ICAB

Ms. Nazneen Sultana, Deputy Governor,

the PSE, strengthen professional education

had arranged the orientation & training from

Bangladesh Bank graced the closing

standards

quality

the 13 September to 18 September 2015 at

ceremony as the Chief Guest.

system.

its New Academic Campus building. The

In her speech she said Bangladesh Bank is

Together with Finance Ministry, ICAB is

opening

ICAB

working professionally to improve human

working under this project to strengthen

auditorium, however. The objective of the

resources through participating in such

Financial Reporting Framework for Public

training program is to ensure effectiveness,

training. She also urged the BB Officials to

Sector Entities.

efficiency and quality of the audit &

use the knowledge acquired from the

Mr.

M A Mannan, MP, Honble State

assurance services for all the 4550 Union

training in the day to day work of the central

Minister, Ministries of Finance & Planning,

Parishads (UPs) for the FY 2014-2015

bank.

GoB, graced the event as the Chief Guest

commenced from 1 October 2015.

mentioned that ICAB organised the training

and inaugurated the workshop.

Vice President Mr. AF Nesaruddin FCA

mainly to disseminate the International

inaugurated the 1st session of the training

Financial Reporting Standards (IFRS), its

assurance

and
and

enhance

audit

monitoring

Among the council members

Mr.

A F

session

was

&

held

in

During my turn of speech I have

No. 311

September 2015
intricacies

will

implementation of both cash and accrual

Courtesy

continue to conduct such trainings in

&

relevances.

basis IPSAS for ICAB Members. Other

President

future for the central bank officials, I

stakeholders of ICAB in Bangladesh

reiterated.

would

Vice

ICAB

President

Mr. AF

also

be

benefited.

Technical

Nesaruddin FCA and Council Member &

Director of Nelson Croom Ltd Mr. Nelson

Past President Mr. Md. Syful Islam FCA

Croom was also present in the meeting.

also spoke in the program. Few other

Both ICAB and CPA Ireland expressed

Council Members were also present.

solidarity to work together for mutual

Workshop

on

Import-Export

Procedures and International Trade

Day long workshop on Import-Export
Procedures, Financing Opportunities and

collaboration

and

professional

development in coming days.

and other members of the Chapter in UK

Azhar Ali Miah from the Institute of

on 27 September 2015. We shared our

Bankers, Bangladesh was the resource

views on professional issues and the key

person.

AF

developments of ICAB, matters regarding

the

FRA and FRC in Bangladesh. They

inaugurated

workshop and at the end the certificates to

the participants were awarded through

September

2015

Accountants'

Hall,

at

Chartered

Moorgate

Place,

London, we discussed the current status

of accountancy profession in Bangladesh.
We enlightened about ICABs major
towards

professional

ICAEW President. During the meeting

2015 at ICPE auspices where Mr. Md.

FCA

President Dr. Hilary Lindsay on 30

Committee

Chairman Mr. AKM Fazlur Rahman FCA

Nesaruddin

Deputy

development to her.

Institute was organized on 19 September

(E&T)

ICAEW

On a courtesy call from ICAEW Deputy

initiatives

We had a meeting with UK Chapter

President

on

Meeting with UK Chapter Management

International Trade for members of the

Vice

Call

submitted a representation.

ICAEW

Head

Development,
International

She is the 2016

of

New

Mr.

Justin

Affairs

Business
West

Manager

ICAB Council Member & Past President

Md Syful Islam, Chairman ICAB UK
Chapter
AKM

Management

Fazlur

Rahman,

Committee
Dr.

Jamshed

Mahbub

Technical-ICAB were present.

practical knowledge of the International

IASB World Standard Setters Meeting on

Meeting with ICAEW Top Officials

Sales/ Purchase Contract, Imports &

Financial Reporting Standards held at

Exports

Collection

Grange City Hotel London on 28-29

Procedure,

September 2015. It was a convergence of

Documentary Draft Transaction, Banking

persons in positions alike IASB Chairman

Relationship, Role of Banks in Imports &

and Board Members, Executive Technical

Exports Business, Parties involved in

Director and other Technical Executives of

Documentary

IASB,

under

Procedure/Contract

Credit

(LC)

Operation,

Types of LC, etc through this workshop.

Meeting

with

delegates

from

CPA

Ireland

Executive

Foundation

and

Director

of

President,

IFRS
Council

Members & Technical Staffs from more

than 60 Countries. This was full of
technical sessions on latest development

On a 5 days visit in UK, I along with my

of IFRS and relevant issues.

team mates Council Member & Past

Apart from participating in the technical

President Mr. Md. Syful Islam FCA and UK

sessions, we held exclusive but brief

Chapter

meetings with the Executive Director of

Rahman

Chairman Mr. AKM Fazlur

Director

On the same day at same venue I along

with the same ICAB delegates had
another meeting where ICAEW Executive
Director Vernon Soare, Head of New
Business Development

Justin West,

International Affairs Manager Christina

Pavlis were present. We discussed with
them in details about the current status of
ICAB and the professional matters like
signing

of

revised

MoU

between

ICAB-ICAEW, online education and library

facilities for ICAB students and members,
arrangement of training for ICAB members
who are candidates for ICAEW exam,
online IFRS and clarified ISA certification

26

UK, FRC Andrew Lennard and President

September 2015 to discuss about Cash

of German Accounting Standards Setting

Basis IPSAS and IFRS in the hotel.

Board Prof. Dr. Andreas Barckow. ICAB

Bangladesh Bank high officials and

In

(Member

Member Council and Past President Mr.

ICAB working group

Mr. Fitz Gerald

Syful Islam FCA & Director Technical Mr.

the

meeting

Siddique,

IFRS Foundation, Research Director of

from

Ahmed

with

delegates

FCA held

Mr.

Sanyiath Ahmed Chowdhury and Mr.

& Brief Meetings

Our members had the opportunity to gain

Ms.

Christina Pavlis were present. On our side

IASB World Standard Setters Program

me.

and

CPA Ireland

meeting,

Director

Services), CPA Ireland

on

assured that CPA Ireland assured us that

Mahbub

they would continue its cooperation in

accompanied me in the meeting.

Ahmed

Siddique

education, certification and training on

FCA

program, etc.

coordination

coordination

meeting

meeting

between

between

Bangladesh Bank high officials and ICAB

working group held on 20 September with

No. 311

September 2015

Abu Hena Mohd. Razee Hassan, Deputy

Islam ACA, Ms. Farhana Sultana ACA and

and Sub-committees of ICAB were held

Governor, Bangladesh Bank and Senior

Mr. Muhammad Aminul Hoque FCA(ok).

during the month of September 2015:

Officials to discuss the expectation gaps

Thanks for the excellent presentation in the

and way forwards.

classes to the Resource Persons!

We briefed on ICABs role to promote

transparency

and

governance

in

Accountancy and Audit services in the

Bangladesh Capital Market Conference

future

(Technical),

benefit

of

the

two

represented

ICAB

in

Bangladesh Capital Market Conference

Other members of ICAB

2015.

were Vice

Presidents

A F Nesaruddin

Dhaka

Stock

Exchange

Ltd.

Council

Member & Past President Md. Syful Islam

Chowdhury Senate Bhaban, University of

FCA, Fellow Members Md. Raghib Ahsan

Dhaka on 21 September 2015.

FCA,

Representatives

Kamrul Abedin

Md.

Muhammad

Jahidur
Aminul

FCA,

Rahman

FCA,

Hoque

FCA,

Mohammed Hamidul Islam FCA, Muraheb

Malik Chowdhury FCA, Ashraf-Uz-Zaman

was

held

on

01

from

Japan

Daiwa

Institute visit ICAB

On 9 September 2015, delegates from the
Daiwa Institute of Research Ltd, Japan

Discussion and Way Forward Meeting

along

visited ICAB and had a meeting with myself

with

Vice

Nesaruddin & Mr.

Presidents

19th Urgent Council Meeting was

held on 03 September 2015 at 5.00
pm.

20th Council Meeting was held on 15

September 2015 at 5.30 pm.

8th Executive Committee Meeting

was held on 21 September 2015 at
5:00 pm.

Ali ACA.

on Financial Reporting Act 2015

organized the "Bangladesh Capital Market

Conference, 2015" at the Nabab Nawab Ali

FCA,

Committee

the

organizations.
working group

5th Meeting of the Examination

September 2015 at 5:00 pm.

Mr. Mahbub Ahmed Siddique FCA, Director

the

2015

meeting. Such meeting will be continued in

for

Standing Committees:

Mr. AF

Non-standing Committees:
-

4th Meeting of the Real Estate

Committee (REC) was held on 17
September 2015 at 5:30 pm

4th Meeting of the Information &

Communication

Kamrul Abedin FCA.

Technology

Members conference & discussion meeting

ICAB Secretary Mr. AKM Rahmat Ullah

Committee (ICTC) was held on 17

on Financial Reporting Act 2015 and the

FCA and Director Technical Mr. Mahbub

September 2015 at 5:00 pm.

Way Forward was held at ICAB auditorium

Ahmed Siddique FCA were also present.

on

The Japanese delegates informed us about

20

September

2015

where

we

taken by the Institute regarding Financial

Cooperation(JBIC)s study on Bangladesh

Reporting Act

Banking Sector. It covered from historical

Council was held on 01 September

emergence of the FRA since 2013 through

evolution

2015 at 5:30 pm.

World Banks ROSC Reports and

regulatory, legal, accounting standards and

of
its

and

future

International

Non-standing

Japan

background

for

and

Sub-committees:

discussed the brief outline of the initiatives

(FRA),

Bank

Standing

prospects

in
-

banking services including Sharia Banking

implication.
2nd Workshop on QAD for CA Students
Earlier, we held first ever QAD workshop

We Mourn

continuation of that, ICAB Center for

prayers at the sad demise of our elderly

Professional Excellence (ICPE) organized

member Mr. Joachim Andrew Gomes FCA

the second workshop on "How to Maintain

(Enrolment No. 04) on 9 September 2015.

Quality in Audit and Assurance Services"

May Allah give the bereaved family strength

for CA Students on 8 September 2015 at

and courage to bear the irreparable loss

ICAB auditorium.

and bless the departed soul with eternal

President Mr. AF Nesaruddin FCA, the

peace.

certificates

Meetings of Council and Standing &

to

the

participants

were

Resource persons of the workshop were

very young & bright members Mr. Md.
Kamruzzaman ACA , Mr. Sk. Md. Tarikul

was

held

on

07

September 2015 at 4:00 pm.

We express our deep sorrow and heartfelt

distributed by me at the conclusion.

4-Members Sub-committee of the

Examination

in Bangladesh.

for CA students in August of this year. In

Inaugurated by Vice

8-Members Sub-committee of the

8-Members Sub-committee of the

Council was held on 07 September
2015 at 5:00 pm.

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mwbK`i AbRbi ev_v _KB hvq- Kwei
fvlvq- hw` RvbZg Avgvi wKmiI ev_v, Ze
Zvgvq RvbvZvg|
With Gratitude & best regards!

Non-standing Committees
The following meetings of the Council,
Standing and Non-standing Committees

Masih Malik Chowdhury FCA

President

No. 311

September 2015

Representatives from Japan Daiwa Institute of

Research visit ICAB

elegates Keisuke Goto, Assistant

Manager and Dr. Hiroki Yoda,
Director from the Daiwa Institute of
Research Ltd, Japan visited ICAB on 9
September 2015. They held a meeting
with ICAB President Masih Malik
Chowdhury FCA at ICAB Mini
Conference room. The Japanese
delegates informed the President about
study of Japan Bank for International
Cooperation(JBIC) on Bangladeshi
banking sector from historical evolution
and future prospects in regulatory, legal,
accounting standards and Banking
services including Sharia Banking.
During the meeting , they discussed the
agenda items like characteristics, recent
issues and future prospects of banking

sector in Bangladesh,
current status and
assessment towards
ongoing
banking
industry
reform,
effective monitoring
system on banking
sector work to prevent
financial
crisis,
legislative support by
the
financial
authority/government
upon bankruptcy, legal scheme and
experiences of utilizing foreign private
loan, Islamic Banking, other unique /new
types of banking service, etc.
Other present were Vice Presidents
Kamrul Abedin FCA, AF Nesaruddin

FCA. Secretary AKM Rahmat Ullah

FCA, and Director Technical Mahbub
Ahmed Siddique FCA were also present
in the meeting.

Discussion and Way Forward Meeting on Financial

Reporting Act 2015

ICAB organized

a members conference

& discussion

Uddin FCA,

Council Members Shahadat Hossain FCA and

on Financial Reporting Act 2015 and the Way

Dewan Nurul Islam FCA were present in the meeting. The

Forward at its auditorium on 20 September 2015. ICAB

participants also came up with their thoughts & advices regarding

President Masih Malik Chowdhury FCA presented the brief

the FRA and its implication.

meeting

outline of the initiatives taken by the Institute regarding

Financial Reporting Act (FRA). The Jatiya Sangsad has
passed the FRA Act on 7 September 2015. The President
also drew a background of emergence of the FRA since
2003 through World Banks ROSC Reports.

Vice

Presidents AF Nesaruddin FCA and Kamrul Abedin FCA,

Past President & Council Members Abbas Uddin Khan
FCA, Md. Syful Islam FCA, Akhtar Sohel Kasem FCA, Nasir

No. 311

September 2015

Workshop on Communication Skills and Integrity

Practices for Members

day
long
workshop
on
"Communication
Skills
and
Integrity Practices "organized by
ICAB
Center
for
Professional
Excellence( ICPE) was conducted by
Bangladesh
Public
Administration
Training Center (BPATC) on
12
September 2015 at BPATC premises in
Savar. A.K.M. Abdul Awal Mazumder,
Rector,
BPATC
inaugurated
the
workshop. He also conducted two
sessions on Communication skills and
Public Speaking and
Sish Haider
conducted the session on Integrity.

ICAB President Masih Malik Chowdhury

FCA and Vice President AF Nesaruddin
FCA were present at the closing session

of the workshop. A total number of 100

qualified
Chartered
Accountants
participated in the workshop.

Workshop on Import-Export Procedures and

International Trade
ICAB Centre for Professional Excellence

President Masih Malik

(ICPE) organized a day long workshop

Chowdhury

on

awarded the certificates

Import-Export

Financing

Procedures,

Opportunities

and

International Trade for the members of

the Institute on 19 September 2015 at
ICAB Training Room.

FCA

to the participants.
The

members

about

learnt

International

Sales/

Purchase

Md. Azhar Ali Miah Diplomaed Associate

Contract,

of the Institute of Bankers, Bangladesh

Exports under Collection

(DAIBB) was the resource person in the

Procedure/Contract

workshop. A total

Documentary

number of 40

members took part in

Imports

&
Procedure,

Draft

Transaction,

the workshop.

Banking Relationship ,Role of Banks in

Vice President (E&T) AF Nesaruddin

Imports & Exports Business, Parties

FCA inaugurated the workshop. ICAB

involved in Documentary Credit (LC)

Operation, Types of LC ,Advising of

Credits and Functions of Nominated
Bank, Documentary Credit Transaction
and other related matters, etc

in the

workshop.

ICAB attends Bangladesh Capital Market Conference 2015

Mahbub

country

public avenues for capital raising at

as

organized the Conference- 2015 at

an efficient pricing mechanism and to

Institute

the Nabab Nawab Ali Chowdhury

take advantages of natural branding

attended the Bangladesh Capital

Senate Bhaban, University of Dhaka

of company apart from many fiscal

Market Conference 2015.

on 21 September.

and other incentives offered by the

Dhaka Stock Exchange Ltd., the

The conference explored various

Director

Ahmed

Siddique

(Technical),

representative

of

FCA,

ICAB
the

premier

bourse

of

the

government.

No. 311

September 2015

5-Member Election Commission

formed by ICAB Council
The Council of ICAB in its meeting held on 14
July 2015, constituted the 5-member Election
Commission headed by Chief Election Commissioner Anil Chandra Nath FCA under
Bye-Law 13 of the Bangladesh CA Bye-Laws,
2004, for holding election of the Council and
the election of the Regional Committee(s) of

the Institute simultaneously for 3 years

(2016-18). The other Election Commissioners
are Abul Kashem FCA, M. Idris Ali FCA,
Qudrat-e-Khuda FCA and Mohammad
Solaiman FCA. The election is scheduled to
be held on 28 November 2015 at the ICAB
Premises.

Anil Chandra Nath FCA

Final List of Contesting Candidates for Council

from Dhaka Regional Constituency

Final List of Contesting Candidates for Council

From Chittagong Regional Constituency

Sl. Voter Enrl.

No. Nos. No.

Sl. Voter Enrl.

No. Nos. No.

01
02
03
04

03
85
293
323

527
535
446
363

05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

329
337
347
366
412
423
501
509
529
564
624
643
644
657
676
724
748
753
761
784
798
800
811
857
886
940
1008
1009
1041
1048
1095
1174
1175
1254
1289

274
343
337
766
521
716
185
833
767
672
452
533
606
890
615
644
462
626
829
328
439
652
401
820
632
656
353
469
760
588
815
697
607
570
118

Name
Abedin, Kamrul FCA
Ahmed, Nasir Uddin FCA
Bhuiyan, Shah Md Zakaria FCA
Choudhury, Dr. Jamshed Sanyiath
Ahmed FCA
Choudhury, Muallem Ahmed FCA
Chowdhury, Anwaruddin FCA
Chowdhury, Masih Malik FCA
Chowdhury, N I FCA
Farooq, Muhammad FCA
Ghosh, Gopal Chandra FCA
Hoque, Md Mozammal FCA
Hosain, Md Mahamud FCA
Hossain, Md Akbar FCA
Hossain, Md Shahadat FCA
Hussain, Muhammed Farhad FCA
Islam, Dewan Nazrul FCA
Islam, Dewan Nurul FCA
Islam, Md Fokrul FCA
Islam, Md Syful FCA
Islam, Towfiqul FCA
Kabir, Md Humayun FCA
Kaiser, Md Abu FCA
Kamal, Mostafa FCA
Kasem, Akhtar Sohel FCA
Khan, Abbas Uddin FCA
Khan, Adeeb Hossain FCA
Khan, Dr. Md Abu Sayed FCA
Khusru, Mahmudul Hasan FCA
Mahmud, Parveen FCA
Mobin, Noor-E-Khoda Abdul FCA
Nayeem, Abu Sayed Mohammed FCA
Nesaruddin, A F FCA
Quader, Ghulum Murshed Latiful FCA
Rabbani, Khondkar Atique-e- FCA
Rahman, Md Mahsudur FCA
Rashid, Md Harun-Or- FCA
Rashid, Mohammad Hamidur FCA
Salam, Md Abdus FCA
Shaheedullah, Mian Muhammad FCA

Name

01

20

699

Barua, Sidhartha FCA

02

81

748

Mazumder, Md Shaifur Rahman FCA

03

98

722

Siddique, Moddassar Ahmed FCA

Final List of Contesting Candidates for Dhaka

Regional Committee (DRC)

Sl. Voter Enrl.

No. Nos. No.
01
02
03
04
05
06
07
08
09
10
11
12
13

33
79
162
241
507
587
906
998
1187
1190
1192
1304
1316

14

1359

Name

1115
800
972
975
1129
1077
1156
1030
939
838
1183
1164
1054

Ahmed, Abu Sayeed FCA

Ahmed, Mohammad Mohiuddin FCA
Alam, Mohammad Khairul FCA
Azim, Md Ashraful FCA
Hoque, Muhammad Aminul FCA
Hossen, Md Sarwar FCA
Mannan, Abdul ACA
Nandi, Uzzal Kumar FCA
Reza, Md Selim FCA
Reza, Muhammed Shamim FCA
Rezvi, Md Ali Akther ACA
Siddiki, Md Al Amin ACA
Sowdagar, Md Abu Khair
Hasanul Hasif FCA
1147 Uddin, Md Jasim FCA

Final List of Contesting Candidates for Chittagong

Regional Committee (CRC)

Sl. Voter Enrl.

No. Nos. No.

Name

26

893

Chowdhury, Arup FCA

41

902

Dawood, Ahmed FCA

52

971

Hasan , Imran Abu FCA

53

888

Hasan, Md Kamrul FCA

73

994

Kabir, Mohammed Reazul FCA

10

No. 311

September 2015

CRC-ICAB organized CPD Seminar on 'Finance

Act 2015-Major Changes to Income Tax & VAT'

hittagong Regional Committee

(CRC) of ICAB organised a CPD
Seminar
on
"Finance Act
2015-Major Changes to Income Tax &
VAT" on 12 September 2015 at the
Conference Hall of ICAB-Chittagong
Regional Office, Chittagong.
Apurba Kanti Das, Commissioner of
Taxes Zone-01, Chittagong was present
as Chief Guest. Showkat Hossain FCA,
Past
President
and
Council
Member-ICAB & Resident Partner, Hoda

Vasi Chowdhury & Co.,

Chartered Accountants
conducted
as
the
Session
Chairman.
Shekhar Ranjan Kar
FCA, Past Chairman,
CRC-ICAB and Group
CFO
&
Company
Secretary, BSRM Group
of
Companies
presented the keynote
paper in the seminar.

ICAB President attends Jury

Board Meeting for Daily
Star-DHL Business Awards

Exclusive Interview
of Shahadat
Hossain in Ekushey
TV, Tells on FRA

ICAB President Masih Malik Chowdhury FCA attended the

Jury Board Meeting for the Daily Star-DHL Bangladesh

ICAB Council Member Md Shahadat Hossain FCA participated

in Ekushey Business program on capital market which was
broadcast live in Ekushey TV on 7 September 2015. In an

Business Awards at the Azizur Rahman Conference Hall,

Daily Star Centre, Dhaka on 11 September 2015. Mr. Chowdhury is one of the members of the Jury Board for the Daily

exclusive interview Mr. Shahadat spoke on current capital

Star-DHL Bangladesh Business Awards (BBA) , a most

market trend & its related phenomenon, the Financial

prestigious award in the country which is jointly organized by

Reporting Act 2015, accounting & auditing standards, etc.

The Daily Star and DHL Express Bangladesh every year.

On a query he described some sections of Financial Reporting

The awards have been given to the exceptional business

Act which he said definitions of auditor and professional

leaders of the country with a view to promote ethical

accountant are not clear. He also highlighted some core

business practice since 2000.

functional areas of the Act including provision for punishment

Two Companies panelized

for Qualified Reports by
MABS & J Partners

for auditor which are inconsistant and impracticable.

Based on qualified report on the Audited Financial Statements for the year ended 30 June 2014 BSEC fined the
Directors of Alltex Industries Ltd by Taka five lac, each.
BSEC also penalized each of the Directors of Dacca Dyeing
& Manufacturing Co Ltd (DDMCL) by Taka two lac based on
qualified audit report by the same CA Firm on the Audit of
Financial Statements for the fiscal year 2013.

11

No. 311

September 2015

ICAB Academic Campus News

The Pre-examination Classes for
Professional Stage-Knowledge Level
(12th Batch, Sections: G-I), Application
Level (11th Batch, Sections: A-D) and
Advanced Stage (10th Batch, Section:
A) have started from 06 September
2015
for
Examination
Session:
November-December 2015 at ICAB
New Academic Campus. These batches
will be concluded on 29 November 2015.
There are 512 students enrolled for the
Class Session: September-November
2015 and 133 teachers will conduct the
classes.
As a result, the cumulative number of
participated students of ICAB under new
curriculum has come to 9,476 till
September 31, 2015.
On the other hand, a- new session for
the students of Professional StageKnowledge Level (13th Batch) will

commence from Tuesday, 01 December

2015 at ICAB New Academic Campus. A
Notice has already been issued in this
regard, and all concerned students are
advised to enroll the classes by 10
November 2015 at ICAB New Academic
Campus.
The notice of Special Classes for the
Students
of
Professional
StageKnowledge & Application Levels for
Examination
Session:
NovemberDecember 2015, who are now engaged
in Union Parishad Audit Works and
staying outside Dhaka, has been issued
on Tuesday, 29 September 2015 at
Campus. Students intending to attend
the special classes will be required to
enroll/register their names on or before
20 October 2015 at ICAB New Academic
Campus, 51-53, Kazi Nazrul Islam
Avenue, Kawran Bazar, Commercial
Area, Dhaka-1215. All concerned

Resource Persons: ICAB Academic Campus (Session:

students are also requested to submit

application through and with the
recommendation of the respective
Principal of the Firms, to the address of
ICAB New Academic Campus.
Meanwhile, the refurbishments of ICAB
New Academic Campus at 51-53, Kazi
Nazrul Islam Avenue, Kawran Bazar,
Commercial Area, and Dhaka-1215
have mostly done, and the rest works of
it will be completed by October 2015.
The Programme and Session have been
organised by the Additional Director &
his Team at ICAB Academic Campus
under the supervision of the Vice
President (Education & Training)-ICAB,
Mr. A F Nesaruddin FCA with the
consent and guidance Mr. Masih Malik
Chowdhury FCA, President-ICAB Mr.
ABM Azizuddin FCA, Chairman of Board
of Studies-ICAB & Co-chairman, Md
Abdus Salam FCA.

September-November 2015)

Name of Resource Persons

Mr Md Kishlur Rahman ACA

Mr Ajit Kumar Paul FCA (GT)

(Sections- G, H & I of PS-KL-12th Batch)

Mr Md Shihabur Reza ACA

Mr Md Abu Bakar FCA

Mr Sajib Sarkar ACA

Mr Md Kamruzzaman ACA

Mr Parymal Kumer Sarker ACA

Mr Md Tareq Kamal ACA

Ms Ismat Jahan ACA

Mr Mohammad Mazharul Haque FCA

Mr Md Shahariar Ahmed ACA

Mr Sandip Halder FCA

Ms Mashruna Alam Chowdhury ACA

Mr Md Mahbub Hasan ACA

Mr Md Bani Amin ACA

Mr Mohammad Mohsin Khan ACA

Mr Mohammad Monowar Hossain ACA

Mr Sheikh Tareq Zahir FCA

Mr K S Omar Faruk ACA

Mr Ramdas Howlader FCA

Mr Md Sayduzzaman Tuhin ACA

Ms Farjana Yeasmin ACA

Mr Khairul Basher FCA

Mr Md Razib Hossain ACA

Mr Abdullah-Al-Mamun FCA

Mr Shadhan Chandra Das FCA

Mr Tariquzzaman Khan FCA

Mr Abu Hena Mustafa Kamal ACA

Mr Md Jasim Uddin FCA

Mr Shyamal Krishna Roy FCA

Mr Miltan Bepari ACA

Ms Sharmina Tasneem FCA

Professor Dr ASM Hossain Tayiab FCA

Mr Badal Chandra Rajbangshi ACA

Mr Md Saiful Hasan ACA

Mr Md Zahurul Islam ACA

Mr Md Ebadat Hossain Bhuiyan FCA

Mr Md Abdullah-Al-Amin ACA

Mr Md Al-Amin Siddiki ACA

Mr Nazmul Hussain Siddique ACA

Mr MAKH Hasif Sowdagar FCA

Mr Md Amran Hossan ACA
Mr Mohammad Rostam Hosain ACA
Mr Obaidur Rahman FCA
Mr Md Humayan Kabir FCA
Mr Muhammad Kamruzzaman ACA
Mr Chitta Ranjan Halder FCA
Mr Md Akber Hossain Khan ACA
Ms Tasnuva Ahmed ACA
Mr Mahmudur Rahman ACA
Mr Ruhul Amin ACA
Mr Faruq Ibn Hossain ACA
Mr Zafar Ullah Khan FCA
Mr Shibly Ahmed FCA
Mr Muhammad Shariful Islam Shiplu FCA
Mr G M Latiful Quader FCA
Mr Mohammed Ariful Hoque FCA
Mr Mohammad Shibbir Hossain FCA

12

No. 311

September 2015

Campus News Continued.

Name of Resource Persons

Mr Md Abdur Razzaque FCA

Mr Sk. Md Tarikul Islam ACA

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

Mr Md Ziaul Alam ACA

Mr Masud Khan FCA-India (GT)

Mr Mohammed Tofazzul Hussain FCA

Mr Bibhuti Bhushan Biswas FCA

Mr Sayeed Ahmed FCA

Mr Abdullah-Al-Mamun FCA

Mr Anup Kumar Mukherjee FCA

Mr Snehsish Barua FCA

Mr Anwaruddin Chowdhury FCA (GT)

Mr Zakir Hossain FCA

Mr Obaidur Rahman FCA

Mr Ranjan Kumar Bhowmik FCMA

Mr Mohammad Redwanur Rahman FCA

Mr Md Reajul Islam FCA

Mr Anup Kumar Sarker ACA

Mr Imtiaz Lutful Baset FCA

Mr Md Shafiqul Alam FCA

Mr Md Selim Reza FCA

Mr Md Kahir Mahmud FCA

Mr Syed Mohammed Kowser Hossain (GT)

Mr Masud Khan FCA-India (GT)

Mr Palash Mollick

Mr Shaheduzzaman Choudhury FCA

Mr Mohammad Aminul Hoque FCA

Mr Mohammad Imtiaz Khan FCA

Mr Shah Muhammad Ashequr Rahman FCA

Mr K M Atiqul Islam ACA

Mr Ajit Kumar Paul FCA (GT)

Mr Mahmudul Hasan Khusru FCA

Mr Mostak Ahmmed FCA

Mr Abdul Khalek FCA

Mr S M Rahmatul Mujeeb FCA

Mr Md Amirul Islam FCA

Mr Md Abdul Ahad ACA

Mr Abdulla-Al-Mahmud FCA

Mr Sujan Kumar Saha ACA

Mr. Sabbir Ahmed FCA (E-770)

Mr Md Mahsudur Rahman FCA

Mr Gopal Chandra Ghosh FCA

Mr. Mohammad Mehdi Hasan FCA

Mr Md Sarwar Hossen FCA

Mr Mohammad Salahuddin Chowdhury FCA

Mr. Ajit Kumar Paul FCA

Mr Shafiq Musharrof FCA

Mr Mohammad Nazim Uddin FCA

Dr. Jakerul Abedin

Mr Gopal Chandra Ghosh FCA

Mr Md Lutfar Rahman ACA

Mr. Md Jehad Uddin

Mr Sabbir Ahmed FCA

Mr Sk. Md Tarikul Islam ACA

Mr. Syed Mohammed Kowser Hossain

Mr AH Mostafa Kamal Khan

Mr Md Arshadul Kabir ACA

Mr. Sheikh Noor Mohammad

Mr Shamim -Al-Mamun FCA

Mr Md Jehad Uddin

Mr Abdullah Al Yousuf

Mr Dipok Kumar Roy ACA

Mr Snehsish Barua FCA

Mr. A H Mostafa Kamal Khan

Mr Sayeed Ahmed FCA

Mr Sheikh Noor Mohammad (GT)

Mr Md Akbar Hossain FCA

Mr Abdullah Al Yousuf (GT)

Mr Mohammed Forkan Uddin FCA

Mr. Yasin Miah FCA

Mr Mohammad Abdul Ohab Miah FCA

Mr Md Abdullah-Al-Amin ACA

Mr Md Din Islam Miah FCA

Mr Nazmul Hussain Siddique ACA

Mr Mohammed Sabir Ahmed FCA

Name of Resource Persons

Dr Jakerul Abedin (GT)

(Sections- A of AS-10th Batch)

Visiting Faculties
(for Ongoing Session)

Name of Visiting Faculties

Mr. Masih Malik Chowdhury FCA
Mr. A F Nesaruddin FCA
Mr. ABM Azizuddin FCA
Mr. Anwaruddin Chowdhury FCA
Mr. Md Syful Islam FCA
Mr. Md Abdus Salam FCA
Mr. Gopal Chandra Ghosh FCA
Mr. Abdul Khalek FCA
Mr. Md Amirul Islam FCA

Announcement
(Classes of Next Session)

Mr Muhammad Aminul Hoque FCA

Mr Anwaruddin Chowdhury FCA(GT)

Mr Md Mahamud Hosain FCA

Mr Sabbir Ahmed FCA

Mr Md Abdur Rouf FCA

Mr Abdullah-Al-Mamun FCA

The
New
Session
(December
2015-February 2016) for the Students of
Professional Stage-Knowledge Level
(13th Batch) will start from Tuesday, 01
December 2015 at ICAB New Academic
Campus, 51-53, Kazi Nazrul Islam
Avenue, Kawran Bazar, Commercial
Area, Dhaka-1215. A Notice has already
been issued in this matter, and all the
concerned students are advised to
enroll for the classes by 10 November
2015 at ICAB New Academic Campus.

Mr Shahriar Istiaq Halim FCA

Mr Shahriar Istiaq Halim FCA

Source: ICAB Campus

Mr Mohammad Abdul Matin

Mr Md Fokrul Islam FCA
Mr MAKH Hasif Sowdagar FCA

Mr Gopal Chandra Ghosh FCA

Mr Mohammad Mehdi Hasan FCA
Mr Mohammed Forkan Uddin FCA

13

No. 311

September 2015

Congratulations
Permission to train Articled Students
The following members have been given permission to train
Articled Students with effect from the dates mentioned against
their names:
Name

Effective Date

Mr. Syed Rafiqul Alam FCA (386)

Partner
Hoda Vasi Chowdhury & Co.,
Chartered Accountants,
BTMC Building
(Level-7 & 8), 7-9, Karwan Bazar,
Dhaka-1215

21 September 2015

Mr. AKM Kamrul Islam FCA (670)

Partner
Islam Aftab Kamrul & Co.,
Chartered Accountants,
BSCIC Electronics Complex (Level-5)
Plot # 1/1/,Road # 3,
Avenue-4, Section-7,
Mirpur, Dhaka

21 September 2015

Mr. Sabbir Ahmed FCA (770)

Partner
Hoda Vasi Chowdhury & Co.,
Chartered Accountants,
BTMC Building,
(Level-7 & 8), 7-9,
Karwan Bazar,
Dhaka-1215

21 September 2015

Name

Effective Date

Mr. Md. Eftekhar Ali FCA (910)

Partner
S K Barua & Co.,
Chartered Accountants,
House # 181 (2nd floor),
Lane # 23, New DOHS,
Mohakhali, Dhaka-1206

21 September 2015

Mr. Md. Shamim Ahsan FCA (1047)

Partner
Islam Jahid & Co.,
Chartered Accountants,
East Tejturi Bazar (2nd floor)
Kawran Bazar, Dhaka-1215

21 September 2015

Mr. Mohammad Mofizul Haque

Rinku ACA (1204)
Partner
Rahman Mostafa Alam & Co.,
Chartered Accountants,
Paramount Heights (7th floor D2)
65/2/1, Box Culvert Road
Purana Paltan, Dhaka-1000

21 September 2015

Mr. Mohammad Anwarul

Hoque ACA (1458)
Partner
S K Barua & Co.,
Chartered Accountants,
House # 181 (2nd floor),
Lane # 23, New DOHS,
Mohakhali, Dhaka-1206

21 September 2015

Source: Secretariat-ICAB

We Mourn

Tofazzul Hussain in CMCI Conference

Tofazzul Hussain FCA,

Joachim

Lead Consultant and

the

Chairman

Business

Consultants

Ltd

has

participated

in

the

Certified

Gomes

FCA

(Enrolment No. 04), Proprietor,

of

HUSSAINS

Andrew

Andrew Gomes & Co., Chartered

Accountants, died on 09 September
2015 due to Hepatitis B disease.
He was 88.

Management

Consultant International

He left behind his wife, 03 sons and

Conference 2015 held

6 daughters. On behalf of the

from 22-28 September

Council Members of the Institute, the President of ICAB

2015 in the Netherlands

Masih Malik Chowdhury FCA expressed deep sorrow at the

under the International

demise of Mr. Gomes and prayed for the salvation of his

Council of Management

departed soul. May Allah give the bereaved family the

Consulting

strength and courage to bear the irreparable loss.

Institutes

(ICMCI).

14

No. 311

September 2015

A Coordination Meeting between Bangladesh Bank High

Officials and ICAB Working Group

coordination

meeting

between

Standards like IFRS, ISA and the related

ICAB member & convener of BB working

Bangladesh Bank high officials and

laws, regulations and fiscal matters

group Sabbir Ahmed FCA highlighted

ICAB working group was held on

such as income tax, VAT, customs duty

the role of auditor and common areas of

20 September 2015 to discuss the

among

expectation & gap.

expectation gaps and way forwards to

institutions.

reduce the gaps.

Abu

Hena

Mohd.

Razee

Hassan,

various

monitoring

programs,

departments, ICAB Vice Presidents A F

dialogues

Nesaruddin FCA, Kamrul Abedin FCA,

for

the

Council Member & Past President Md.

said. The

Syful Islam FCA, Fellow Members Md.

the

briefed

organized

of

the

Among others, Bangladesh Bank,

Representatives

workshops,

background

and

ICAB has been arranging and strictly

Deputy Governor, Bangladesh Bank

about

stakeholders

training

round
its

table

premises

from

meeting. ICAB President also briefed on

stakeholders,

ICABs role to promote transparency

President also mentioned that the

Raghib Ahsan FCA,

and governance in Accountancy and

meeting between the two organizations

Rahman FCA,

Audit

services.

is very important. He hoped that such

Hoque FCA, Mohammed Hamidul Islam

dialogue and interaction between ICAB

FCA, Muraheb Malik Chowdhury FCA,

knowledge and practical implementation

and Bangladesh Bank will continue in

Ashraf-Uz-Zaman Ali ACA were present

of various Accounting and Auditing

future for mutual benefit.

in the meeting.

disseminate

(From back page)

ICAB

Md. Jahidur

Muhammad Aminul

is

to

said

further

technical

committed

He

he

different

ICAB delegates participate in IASB World...

Research Director of UK, FRC, Andrew

ICAB President shared

Lennard,

German

the current status of

Accounting Standards Setting Board

a c c o u n t a n c y

Prof. Dr. Andreas Barckow.

profession

President

of

Courtesy Call on ICAEW Deputy

President and Meeting with
ICAEW Senior Executives
ICAB delegates paid a courtesy call on
ICAEW Deputy President and held a
meeting with Senior Executives at
Chartered Accountants' Hall, Moorgate
Place, London on 30 September 2015.
The

meeting

with

ICAEW

Deputy

President Dr. Hilary Lindsay, Head of

New Business Development, Justin
West and International Affairs Manager
Ms. Christina Pavlis discussed various
professional issues.

in

Bangladesh

and

ICABs major initiatives

towards

professional

development. He also
congratulated

the

Deputy President of ICAEW in advance

to her presidency for the year 2016. He
invited her to visit ICAB at a suitable
time.
Executive

Soare,

Head

of

Director
New

Vernon
Business

Development Justin West, International

Affairs Manager Christina Pavlis were
present in another meeting at same
venue on the same day. ICAB President
and other delegates discussed in details

the importance of mutual collaboration

about the current status of ICAB and the

between the two institutes and she

profession with them.

strength of this relationship.

students

arrangement

of

and
training

members,
for

ICAB

members for online IFRS and clarified

ISA certification program, support in

ICAEW

ICAEW Deputy President acknowledged

showed her interest to enhance the

ICAB

Online education and library facilities for

15

development

of

ICABs

SIG

and

faculties, World Bank Project, etc were

the dominant issues in the meeting.
They visited London Stock Exchange
(LSE) on 30 September. On the way
back from UK, ICAB President and Past
President Syful Islam FCA visited Qatar
for exploring new career opportunity for
the members of the Institute, in a brief
stop over.

No. 311

September 2015

ICAB Delegates participate in IASB World

Standards Setters Conference, Meetings with
CPA Ireland, ICAEW and UK Chapter in London

CAB
President
Masih
Malik
Chowdhury FCA along with his team
participated in
meeting in World
Standard Setters program, meetings
with delegates from CPA Ireland, ICAB
UK Chapter and ICAEW representatives
during a visit in London, UK from 26 -29
September 2015. The other members of
the ICAB team were Council Member &
Past President Md. Syful Islam FCA and
Director (Technical) Mahbub Ahmed
Siddique FCA.

Meeting with delegates from CPA

Ireland

ICAB President Masih Malik Chowdhury

FCA, Council Member & Past President
Md. Syful Islam FCA and UK Chapter
Chairman AKM Fazlur Rahman FCA
held a meeting with delegates from CPA
Ireland at Novotel London Tower Bridge
Hotel on 26 September 2015. They
discussed on Cash Basis IPSAS and
IFRS.
In the meeting, Director (Member
Services), CPA Ireland Fitz Gerald
assured that CPA Ireland would continue
its cooperation in education, certification
and training on implementation of both
cash and accrual basis IPSAS for ICAB
Members and other stakeholders of
ICAB in Bangladesh. Technical Director
of Nelson Croom Ltd, Nelson Croom
was also present.
Both ICAB and CPA Ireland showed
their high interest to work together for

mutual collaboration and professional

development in coming days.

President,
Council
Members
&
Technical Staffs from Institutes of more

Meeting with UK Chapter

ICAB delegates held a meeting

with UK Chapter Chairman AKM
Fazlur
Rahman
FCA and
members of the Chapter in UK at
117 Clapham High Street,
London on 27 September 2015.
They shared their views on
professional issues and the key
developments of ICAB.
In the meeting ICAB President shared
the matters regarding FRA and FRC in
Bangladesh. Other participants also
expressed their views and suggestions
on the challenges of FRA. ICAB
delegates also sought continued
cooperation from UK Chapter in this

than 60 Countries participated in the

meeting. This was full of technical
sessions on latest development of
IFRS and relevant issues. Indeed the
whole program was full of fellowship
and networking events with the leaders
and technical experts from
accountancy and relevant
regulatory organizations from
60 countries.
Apart from participating in the
technical
sessions,
ICAB
delegates separately held
meetings with the Executive
Director of IFRS Foundation,

Contined page 15
regard.

IASB World
Conference

Standard

Setters

IASB World Standard Setters Meeting

on Financial Reporting Standards was
held at Grange City
Hotel London on
28-29
September
2015.
IASB
Chairman and Board
Members, Executive
Technical
Director
and other Technical
Executives of IASB,
Executive Director of
IFRS Foundation and

Schedule of Trainings and

Workshops in October

The tentative schedule of the ICPE organised

Trainings and Workshops in October 2015
are furnished below:

Title
Workshop on "Effective
Presentation through
PowerPoint"

Date
3 & 10 October

Training on "Preparation of
Accounts in Modern
Commercial Accounting
System"
for Officers/Staff of BTCL

11-29 October

Workshop on Effective
Communication Skills

17 October

Workshop on "Writing Skills" 31 October

Source: ICAB Centre for Professional Excellence (ICPE)

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: secretary@icab.org.bd, Website: www.icab.org.bd
Chittagong Regional Committee: Chairman Mr. Mohammad Saif Uddin FCA, HBFC Building (3rd Floor), 1/D Agrabad Commercial Area, Chittagong, Bangladesh, Tel: +880-31-724674, Fax: 880-31-2523579, E-mail: icabctg@yahoo.com

16

UK Chapter: Chairman Mr. AKM Fazlur Rahman FCA, 77, Valleyfield Road, Streatham, London SW 16 2HX UK, Tel: +44 20 86822905, Fax: +44 2087676097, E-mail: frahman101@aol.com
North American Chapter: Chairman Mr. AKM Asaduzzaman FCA, 54 Pharmacy Avenue, Scarborough, ON M1L 3E5, Canada, Tel: +41 64395557, E-mail: awahid@ncn.ca