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Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh

ICABICAB NEWS BULLETINSeptember 2015

Number 311

ISSN 1993-5366

CAB organized a workshop on

“Presentation of Concept Note- Financial

Reporting Framework for Public Sector

Entities” on 8 September 2015 at Pan Pacific

Sonargoan, Dhaka. The workshop was

financed by The World Bank under the Project

Strengthening Financial Reporting Framework

and Audit Practice which was signed on 28

April 2014 between ICAB and the World Bank.

The main components of the Project are:

updating and implementing a reportingframework for the PSE, strengthening

professional education standards and

enhance audit quality assurance and

monitoring system.

M A Mannan, MP, Hon’ble State Minister,

Ministries of Finance & Ministry of Planning,

GoB, graced the program as the Chief Guest

and inaugurated the workshop. President

ICAB – Masih Malik Chowdhury FCA delivered

the welcome speech.

Among the council members of ICAB A F

Nesaruddin FCA, Kamrul Abedin FCA,

Showkat Hossain FCA, ASM Nayeem FCA,

Abbas Uddin Khan FCA, Nasir Uddin Ahmed

FCA, Md Abdus Salam FCA, Dewan Nurul

Islam FCA, Md. Syful Islam FCA, Gopal

Chandra Ghosh FCA and AKM Rahmat Ullah

FCA, Secretary, ICAB were present.

Ms. Suraiya Zannath Khan, FCA, SeniorFinancial Management Specialist, the World

Bank, Mohammad Atikuzzaman FCA,

Financial Management Specialist and Task

Team Leader of this project also made the

program lively and vibrant by giving their

informative and perspicuous speech.

ICAB Project Adviser Burhanuddin Ahmed

FCA presented the concept paper on

strengthening financial reporting framework

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ICAB organized Workshop onFinancial Reporting Framework for

Public Sector Entities

ICAB organized

Workshop... Entities

ICAB organized

Orientation... Firms

2nd Workshop on QAD

for CA Students

Training on IFRS & IAS

for... BB Officials

President’s Communi-

cation September 2015

Representatives from

Japan... visit ICAB

Discussion and Way

Forward...FRA 2015

Workshop on Commu-nication... Members

Workshop on Import-

Export... International Trade

ICAB attends Bangla-

desh... Conference 2015

5-Member Election

Commission... Council

CRC-ICAB organized

CPD Seminar... VAT'

Exlcusive Interview of

Shahadat Hossain... FRA

ICAB attends Jury BoardMeeting.... Awards

Two Companies pan el-

ized... MABS & J Partners

Campus News

Congratulations

Tofazzul Hussain in

CMCI Conference

We Mourn

A Coordination Meeting

between... Group

ICAB delegates partici-

pate in... London


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September 2015No. 311

he Project Management Unit (PMU)

of the Local Governance Support

Project – II (LGSP-II) entrusted

ICAB to organize an Orientation &

Training Program on “Financial Audit,

Performance Assessment, Fiduciary &

Safeguards Compliance” for the Audit

Firms and Audit Reviewer Firms prior to

commencement of the field audit by the

Audit Firms for the year 2014-2015.

Accordingly, ICAB assured the

inauguration of training was held at

ICAB auditorium. The orientation &

training from the 13 September to 18

September 2015 in its New Academic

Campus.

The objective of the training program is

to ensure effectiveness, efficiency and

quality of the audit & assurance services

of all the 4550 Union Parishads (UPs)for the FY 2014-2015 commenced from1

October, 2015.

ICAB Vice President AF Nesaruddin

FCA inaugurated the 1st session of the

training at the ICAB Auditorium 13

September 2015 where ICAB President

Masih Malik Chowdhury FCA was the

Chief Guest.The technical sessions was

held everyday in the ICAB AcademicCampus between 13 and 18 September

which formally ended on 18 September

2015. A total number of 1236 LGSP field

auditors participated in the training &

orientation program.

The resource persons for the training

were from PMU Office of the LGSP-II,

Reviewer Firms and ICAB.

ICAB organized Orientation and Training for AuditFirms and Reviewer Firms

T

for public sector entities. The Concept

Note is the research work of Project

Team to identify the present status of

the Financial Reporting Framework of

PSEs and the findings with appropriate

recommendation to improve the

present status. Before preparing the

Concept Note the Project Team

communicated with Ministry of

Finance, Monitoring Cell of MOF, SOE

wing of MOF and different PSEs and

collected relevant information.

Together with Finance Ministry, ICAB is

working to strengthen Financial

Reporting Framework for Public Sector

Entities under this project of the World

Bank.

State Minister M A Mannan said, ICAB

is relentlessly working towards bringing

financial discipline in the country. In this

regard it has succeeded in some areas;

however it requires to improve in many

areas specially in financial reporting in

both public & private sector. He said the

World Bank has come forward to

strengthen the financial reporting in

public sector entities in Bangladesh

which is very appreciable. He also

thanked the finance ministry for joining

hands in the tripartite efforts.

ICAB President said we believe that if

ICAB and the Regulatory Bodies

responsible for auditing in public

entities, work together, the financial

regime of the

country will be

stronger. This

would also

ensure best use

of public

revenue. He also

said although

ICAB is now

working in

financial reporting in private sectors, it

is willing to work in public sector too.

For this government has to create an

environment so that ICAB and other

auditing authorities in public sector

entities could work together.

Bangladesh has advanced in manyaspects, it would not remain behind in

this area, he hoped. The World Bank

Senior Financial Management

Specialist Suraia Zannath FCA also

spoke on the occasion.

A partial view of the audience


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CAB Center for Professional

Excellence (ICPE) organized a

day-long workshop on "How to

Maintain Quality in Audit and Assurance

Services" for CA Students for the second

time on 8 September 2015 at its

Auditorium. Earlier the 1st workshop

was held in August of this year.

A total number of 50 students

participated in the workshop. ICAB Vice

President AF Nesaruddin FCA

inaugurated the workshop and President

Masih Malik Chowdhury FCA awarded

certificate to the participants.

In the workshop the discussion topics

were current status of quality assurance

and its requirements as per BSQC 1,

brief on different stages of audit and

contents of audit working files re-audit

practice manual: Audit planning and

control evaluation, audit completion and

audit compliance review (ACR).

Resource Persons of the workshop were

Md. Kamruzzaman ACA , Sk. Md.

Tarikul Islam ACA, Farhana Sultana

ACA and Muhammad Aminul Hoque

FCA.

I

2nd Workshop on QAD for CA Students

3rd phase of the training program on

IFRS & IAS for Bangladesh Bankofficials which started on 2 August and

ended on 14 September 2015 in a gala

ceremony at hotel Pan Pacific

Sonargaon. Nazneen Sultana, Deputy

Governor, Bangladesh Bank graced the

closing ceremony as the Chief Guest.

In her speech, she said Bangladesh

Bank has taken various initiatives to

forge the officials with knowledge and

skills particularly in accounting &

auditing standards with a view to make

the central bank of international

standards. With this purpose,

Bangladesh Officials are taking part in

the training of ICAB, she added.

Bangladesh Bank is working to improve

human resources, she further said and

urged the BB Officials to use the

knowledge acquired from the training in

day to day work of the central bank.

ICAB President Masih Malik Chowdhury

FCA said the training was organized

mainly to distribute International

Financial Reporting Standards (IFRS)

and its intricacies & relevance. He also

said that ICAB will continue the training

in future for the central bank officials. He

later noted down the opinions from the

participants about the training.

ICAB Vice President AF Nesaruddin

FCA and Council Member & Past

President Md. Syful Islam FCA also

spoke on the occasion. Bangladesh

Bank Deputy Governor Nazneen

Sultana handed over the certificates to

the participants.

Training on IFRS & IAS for Bangladesh BankOfficials


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Dear Fellow Members,

Assalamu Alaikum and Greetings to you

all.

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This month we observed the festivity of Eid

ul Azha with due solemnity and religious

colors. May Allah (SWT) accept our

devotion & sacrifice with satisfaction. I

hope my dear fraternity and the fellow

members had a very pleasant Eid with

their families amidst near and dear ones.

Due to Eid holidays in this month, we had

tried our best to make lesser number of

equally working days more eventful as

before.

Dear members my journey as the President

of the Institute of Chartered Accountants of

Bangladesh 2015 has begun with a spade

work with a view to get the Strategic Plan

2015 for the year 2015 ahead as best as

possible. Our efforts dedicated in the last 9

months have now started reaping results.

Students are knowingly complacent with

their new campus amidst its modern

facilities & library at CA Bhaban. The day

to day operational works is smoothly going

in ICAB. Every month in one ManCom

meeting and two Member Secretaries’

meetings amidst presence of Vice

Presidents, all concerned managers are

showing their proactiveness. We discuss

the activities, development &

implementation of our Strategic Plan 2015

& the way forward in those meetings.

Dear members, you would now observe

that all the sections of employees of the

Institute have attained remarkable

President’sCommunication September 2015

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5/165


improvements in their respective working

areas. I put on record their active parts

with high acclamation. However, consistent

ongoing of activities with good governance

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

With a somber note we also mention here

that only our efforts towards FRA came up

with an outcome not really expected by us.

However, our efforts & endeavors had

made the authority understood in

incorporating some important amendments

& clauses in FRA which would put the

Institute in a better place in the long run.

Rather optimistically however, we shall

have to be prepared to reap the benefit

from it. We shall have to be vigilant against

any odds that would likely occur from The

FRA. We have to stand united to ensure

that the professionalism comes first to

ensure transparency and accountability &

good governance in the financial sector.

Now let me try to elaborate the activities of

the month of September 2015 for your

glance. Judgment & comments from you

would be highly appreciated.

Workshop on Financial Reporting

Framework for Public Sector Entities

A workshop on “Presentation of Concept

Note- Financial Reporting Framework for

Public Sector Entities” was held on 8

September 2015 at Pan Pacific Sonargoan,

Dhaka under the project; “Strengthening

Financial Reporting Framework and Audit

Practice” of the World Bank. The main

components of the project are; updating

and implementing a reporting framework for

the PSE, strengthen professional education

standards and enhance audit quality

assurance and monitoring system.Together with Finance Ministry, ICAB is

working under this project to strengthen

Financial Reporting Framework for Public

Sector Entities.

Mr. M A Mannan, MP, Hon’ble State

Minister, Ministries of Finance & Planning,

GoB, graced the event as the Chief Guest

and inaugurated the workshop.

Among the council members Mr. A F

Nesaruddin FCA, Mr. Kamrul Abedin FCA

VPs, Mr. Showkat Hossain FCA, Mr. Abu

Sayed Mohammed Nayeem FCA, Mr.

Abbas Uddin Khan FCA, Mr. Nasir Uddin

Ahmed FCA, Mr. Md Abdus Salam FCA,

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

Islam FCA, Mr. Gopal Chandra Ghosh FCA

and Secretary Mr. AKM Rahmat Ullah FCA

were present in it. Also present were World

Bank Senior Financial Management

Specialist, Ms. Suraiya Zannath Khan FCA,

Financial Management Specialist and Task

Team leader of the project Mr. Mohammad

Atikuzzaman FCA. Their kind presence

has made the program more lively. I owe to

them my deep gratitude for extending their

help with their knowledge & wisdom, as

always.

Project Adviser Burhanuddin Ahmed FCA

with his in-depth knowledge presented the

concept paper on strengthening financial

reporting framework for public sector

entities. This has made a baseline for

discussion. Thanks Mr. Burhanuddin.

Orientation and training for Audit Firms

and Audit Reviewer Firms under LGSP-II

The Project Management Unit (PMU) of the

Local Governance Support Project – II

(LGSP-II) entrusted ICAB to organize an

Orientation & Training Program

on“Financial Audit, Performance

Assessment, Fiduciary & Safeguards

Compliance” for the Audit Firms and Audit

Reviewer Firms, prior to commencement of

the field audit by the concerned Audit Firms

for the year 2014-2015. Accordingly ICAB

had arranged the orientation & training from

the 13 September to 18 September 2015 at

its New Academic Campus building. Theopening session was held in ICAB

auditorium, however. The objective of the

training program is to ensure effectiveness,

efficiency and quality of the audit &

assurance services for all the 4550 Union

Parishads (UPs) for the FY 2014-2015

commenced from 1 October 2015.

Vice President Mr. AF Nesaruddin FCA

inaugurated the 1st session of the training

on 13 September 2015 where I was present

as the Chief Guest. My special gratitude &

thanks are due for the resource persons of

training who were from PMU Office of the

LGSP-II, Reviewer Firms and ICAB. At the

end of the training, few certificates among

the participants were distributed.

Workshop on Communication Skills and

Integrity Practices for Members

A day long workshop on "Communication

Skills and Integrity Practices "organized by

ICAB Center for Professional Excellence(

ICPE) was conducted by Bangladesh

Public Administration Training Center

(BPATC) on 12 September 2015 at BPATC

premises in Savar. Mr. AKM Abdul Awal

Mazumder, Rector, BPATC inaugurated the

workshop. He conducted two sessions on

Communication Skills and Public Speaking

and Mr. Sish Haider conducted the session

on Integrity. In my address at the

conclusion I assured ICAB’s cooperation

for holding such a training for BPATC staffs

in future. In reply, Rector, BPATC echoed

his interest for such arrangements. During

this time I was accompanied by Vice

President (E & T) Mr. AF Nesaruddin FCA.

Training on IFRSs & IASs for

Bangladesh Bank officials

3rd consecutive year of the training

program on IFRSs & IAS for Bangladesh

Bank officials started on 2 August. It had

ended on 14 September 2015 in a gala

ceremony at hotel Pan Pacific Sonargaon.

Ms. Nazneen Sultana, Deputy Governor,

Bangladesh Bank graced the closing

ceremony as the Chief Guest.

In her speech she said Bangladesh Bank is

working professionally to improve human

resources through participating in such

training. She also urged the BB Officials to

use the knowledge acquired from the

training in the day to day work of the central

bank. During my turn of speech I have

mentioned that ICAB organised the training

mainly to disseminate the International

Financial Reporting Standards (IFRS), its


6/166


intricacies & relevances. ICAB will

continue to conduct such trainings in

future for the central bank officials, I

reiterated. Vice President Mr. AF

Nesaruddin FCA and Council Member &

Past President Mr. Md. Syful Islam FCA

also spoke in the program. Few other

Council Members were also present.

Workshop on Import-Export

Procedures and International Trade

Day long workshop on Import-Export

Procedures, Financing Opportunities and

International Trade for members of the

Institute was organized on 19 September

2015 at ICPE auspices where Mr. Md.

Azhar Ali Miah from the Institute of

Bankers, Bangladesh was the resource

person. Vice President (E&T) AF

Nesaruddin FCA inaugurated the

workshop and at the end the certificates to

the participants were awarded through

me.

Our members had the opportunity to gain

practical knowledge of the International

Sales/ Purchase Contract, Imports &

Exports under Collection

Procedure/Contract Procedure,

Documentary Draft Transaction, Banking

Relationship, Role of Banks in Imports &

Exports Business, Parties involved in

Documentary Credit (LC) Operation,

Types of LC, etc through this workshop.

Meeting with delegates from CPA

Ireland

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

team mates Council Member & Past

President Mr. Md. Syful Islam FCA and UK

Chapter Chairman Mr. AKM Fazlur

Rahman FCA held a meeting with

delegates from CPA Ireland on 26

September 2015 to discuss about Cash

Basis IPSAS and IFRS in the hotel.

In the meeting, Director (Member

Services), CPA Ireland Mr. Fitz Gerald

assured that CPA Ireland assured us that

they would continue its cooperation in

education, certification and training on

implementation of both cash and accrual

basis IPSAS for ICAB Members. Other

stakeholders of ICAB in Bangladesh

would also be benefited. Technical

Director of Nelson Croom Ltd Mr. Nelson

Croom was also present in the meeting.

Both ICAB and CPA Ireland expressed

solidarity to work together for mutual

collaboration and professional

development in coming days.

Meeting with UK Chapter Management

Committee

We had a meeting with UK Chapter

Chairman Mr. AKM Fazlur Rahman FCA

and other members of the Chapter in UK

on 27 September 2015. We shared our

views on professional issues and the key

developments of ICAB, matters regarding

FRA and FRC in Bangladesh. They

submitted a representation.

IASB World Standard Setters Program

& Brief Meetings

IASB World Standard Setters Meeting on

Financial Reporting Standards held at

Grange City Hotel London on 28-29

September 2015. It was a convergence of

persons in positions alike IASB Chairman

and Board Members, Executive Technical

Director and other Technical Executives of

IASB, Executive Director of IFRS

Foundation and President, Council

Members & Technical Staffs from more

than 60 Countries. This was full of

technical sessions on latest development

of IFRS and relevant issues.

Apart from participating in the technical

sessions, we held exclusive but brief

meetings with the Executive Director of

IFRS Foundation, Research Director of

UK, FRC Andrew Lennard and President

of German Accounting Standards Setting

Board Prof. Dr. Andreas Barckow. ICAB

Member Council and Past President Mr.

Syful Islam FCA & Director Technical Mr.

Mahbub Ahmed Siddique FCA

accompanied me in the meeting.

Courtesy Call on ICAEW Deputy

President

On a courtesy call from ICAEW Deputy

President Dr. Hilary Lindsay on 30

September 2015 at Chartered

Accountants' Hall, Moorgate Place,

London, we discussed the current status

of accountancy profession in Bangladesh.

We enlightened about ICAB’s major

initiatives towards professional

development to her. She is the 2016

ICAEW President. During the meeting

ICAEW Head of New Business

Development, Mr. Justin West and

International Affairs Manager Ms.

Christina Pavlis were present. On our side

ICAB Council Member & Past President

Md Syful Islam, Chairman ICAB UK

Chapter Management Committee Mr.

AKM Fazlur Rahman, Dr. Jamshed

Sanyiath Ahmed Chowdhury and Mr.

Mahbub Ahmed Siddique, Director

Technical-ICAB were present.

Meeting with ICAEW Top Officials

On the same day at same venue I along

with the same ICAB delegates had

another meeting where ICAEW Executive

Director Vernon Soare, Head of New

Business Development Justin West,

International Affairs Manager Christina

Pavlis were present. We discussed with

them in details about the current status of

ICAB and the professional matters like

signing of revised MoU between

ICAB-ICAEW, online education and library

facilities for ICAB students and members,

arrangement of training for ICAB members

who are candidates for ICAEW exam,

online IFRS and clarified ISA certification

program, etc.

A coordination meeting between

Bangladesh Bank high officials and

ICAB working group

A coordination meeting between

Bangladesh Bank high officials and ICAB

working group held on 20 September with


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Abu Hena Mohd. Razee Hassan, Deputy

Governor, Bangladesh Bank and Senior

Officials to discuss the expectation gaps

and way forwards.

We briefed on ICAB’s role to promote

transparency and governance in

Accountancy and Audit services in the

meeting. Such meeting will be continued in

future for the benefit of the two

organizations.

Other members of ICAB working group

were Vice Presidents A F Nesaruddin

FCA, Kamrul Abedin FCA, Council

Member & Past President Md. Syful Islam

FCA, Fellow Members Md. Raghib Ahsan

FCA, Md. Jahidur Rahman FCA,

Muhammad Aminul Hoque FCA,

Mohammed Hamidul Islam FCA, Muraheb

Malik Chowdhury FCA, Ashraf-Uz-Zaman

Ali ACA.

Discussion and Way Forward Meeting

on Financial Reporting Act 2015

Members’ conference & discussion meeting

on Financial Reporting Act 2015 and the

Way Forward was held at ICAB auditorium

on 20 September 2015 where we

discussed the brief outline of the initiatives

taken by the Institute regarding Financial

Reporting Act (FRA), background of

emergence of the FRA since 2013 through

World Bank’s ROSC Reports and its

implication.

2nd Workshop on QAD for CA Students

Earlier, we held first ever QAD workshop

for CA students in August of this year. In

continuation of that, ICAB Center for

Professional Excellence (ICPE) organized

the second workshop on "How to Maintain

Quality in Audit and Assurance Services"

for CA Students on 8 September 2015 at

ICAB auditorium. Inaugurated by Vice

President Mr. AF Nesaruddin FCA, the

certificates to the participants were

distributed by me at the conclusion.

Resource persons of the workshop were

very young & bright members Mr. Md.

Kamruzzaman ACA , Mr. Sk. Md. Tarikul

Islam ACA, Ms. Farhana Sultana ACA and

Mr. Muhammad Aminul Hoque FCA(ok).

Thanks for the excellent presentation in the

classes to the Resource Persons!

Bangladesh Capital Market Conference

2015

Mr. Mahbub Ahmed Siddique FCA, Director

(Technical), represented ICAB in the

Bangladesh Capital Market Conference

2015. Dhaka Stock Exchange Ltd.

organized the "Bangladesh Capital Market

Conference, 2015" at the Nabab Nawab Ali

Chowdhury Senate Bhaban, University of

Dhaka on 21 September 2015.

Representatives from Japan Daiwa

Institute visit ICAB

On 9 September 2015, delegates from the

Daiwa Institute of Research Ltd, Japan

visited ICAB and had a meeting with myself

along with Vice Presidents Mr. AF

Nesaruddin & Mr. Kamrul Abedin FCA.

ICAB Secretary Mr. AKM Rahmat Ullah

FCA and Director Technical Mr. Mahbub

Ahmed Siddique FCA were also present.

The Japanese delegates informed us about

Japan Bank for International

Cooperation(JBIC)’s study on Bangladesh

Banking Sector. It covered from historical

evolution and future prospects in

regulatory, legal, accounting standards and

banking services including Sharia Banking

in Bangladesh.

We Mourn

We express our deep sorrow and heartfelt

prayers at the sad demise of our elderly

member Mr. Joachim Andrew Gomes FCA

(Enrolment No. 04) on 9 September 2015.

May Allah give the bereaved family strength

and courage to bear the irreparable loss

and bless the departed soul with eternal

peace.

Meetings of Council and Standing &

Non-standing Committees

The following meetings of the Council,

Standing and Non-standing Committees

and Sub-committees of ICAB were held

during the month of September 2015:

Standing Committees:

- 5th Meeting of the Examination

Committee was held on 01

September 2015 at 5:00 pm.

- 19th Urgent Council Meeting was

held on 03 September 2015 at 5.00

pm.

- 20th Council Meeting was held on 15

September 2015 at 5.30 pm.

- 8th Executive Committee Meeting

was held on 21 September 2015 at

5:00 pm.

Non-standing Committees:

- 4th Meeting of the Real EstateCommittee (REC) was held on 17

September 2015 at 5:30 pm

- 4th Meeting of the Information &

Communication Technology

Committee (ICTC) was held on 17


Standing and Non-standing

Sub-committees:

- 8-Members Sub-committee of the

Council was held on 01 September

2015 at 5:30 pm.


Examination was held on 07



Council was held on 07 September

2015 at 5:00 pm.

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With Gratitude & best regards!

Masih Malik Chowdhury FCA

President


8/168


elegates Keisuke Goto, Assistant

Manager and Dr. Hiroki Yoda,

Director from the Daiwa Institute of

Research Ltd, Japan visited ICAB on 9

September 2015. They held a meeting

with ICAB President Masih Malik

Chowdhury FCA at ICAB Mini

Conference room. The Japanese

delegates informed the President about

study of Japan Bank for International

Cooperation(JBIC) on Bangladeshi

banking sector from historical evolution

and future prospects in regulatory, legal,

accounting standards and Banking

services including Sharia Banking.

During the meeting , they discussed the

agenda items like characteristics, recent

issues and future prospects of banking

sector in Bangladesh,

current status and

assessment towards

ongoing banking

industry reform,

effective monitoring

system on banking

sector work to prevent

financial crisis,

legislative support by

the financial

authority/government

upon bankruptcy, legal scheme and

experiences of utilizing foreign private

loan, Islamic Banking, other unique /new

types of banking service, etc.

Other present were Vice Presidents

Kamrul Abedin FCA, AF Nesaruddin

FCA. Secretary AKM Rahmat Ullah

FCA, and Director Technical Mahbub

Ahmed Siddique FCA were also present

in the meeting.

D

Representatives from Japan Daiwa Institute ofResearch visit ICAB

ICAB organized a members’ conference & discussion

meeting on Financial Reporting Act 2015 and the Way

Forward at its auditorium on 20 September 2015. ICAB

President Masih Malik Chowdhury FCA presented the brief

outline of the initiatives taken by the Institute regardingFinancial Reporting Act (FRA). The Jatiya Sangsad has

passed the FRA Act on 7 September 2015. The President

also drew a background of emergence of the FRA since

2003 through World Bank’s ROSC Reports. Vice

Presidents AF Nesaruddin FCA and Kamrul Abedin FCA,

Past President & Council Members Abbas Uddin Khan

FCA, Md. Syful Islam FCA, Akhtar Sohel Kasem FCA, Nasir

Discussion and Way Forward Meeting on FinancialReporting Act 2015

Uddin FCA, Council Members Shahadat Hossain FCA and

Dewan Nurul Islam FCA were present in the meeting. The

participants also came up with their thoughts & advices regarding

the FRA and its implication.


9/169


Mahbub Ahmed Siddique FCA,

Director (Technical), ICAB as

representative of the Institute

attended the Bangladesh Capital

Market Conference 2015.

Dhaka Stock Exchange Ltd., the

premier bourse of the country

organized the Conference- 2015 at

the Nabab Nawab Ali Chowdhury

Senate Bhaban, University of Dhaka

on 21 September.

The conference explored various

public avenues for capital raising at

an efficient pricing mechanism and to

take advantages of natural branding

of company apart from many fiscal

and other incentives offered by the

government.

day long workshop on

"Communication Skills and

Integrity Practices "organized by

ICAB Center for Professional

Excellence( ICPE) was conducted by

Bangladesh Public Administration

Training Center (BPATC) on 12

September 2015 at BPATC premises in

Savar. A.K.M. Abdul Awal Mazumder,

Rector, BPATC inaugurated the

workshop. He also conducted two

sessions on Communication skills and

Public Speaking and Sish Haider

conducted the session on Integrity.

ICAB President Masih Malik Chowdhury

FCA and Vice President AF Nesaruddin

FCA were present at the closing session

of the workshop. A total number of 100

qualified Chartered Accountants

participated in the workshop.

A

Workshop on Communication Skills and IntegrityPractices for Members

ICAB Centre for Professional Excellence

(ICPE) organized a day long workshop

on Import-Export Procedures,

Financing Opportunities and

International Trade for the members of

the Institute on 19 September 2015 at

ICAB Training Room.

Md. Azhar Ali Miah Diplomaed Associate

of the Institute of Bankers, Bangladesh

(DAIBB) was the resource person in the

workshop. A total number of 40

members took part in the workshop.

Vice President (E&T) AF Nesaruddin

FCA inaugurated the workshop. ICAB

President Masih Malik

Chowdhury FCA

awarded the certificates

to the participants.

The members learnt

about International

Sales/ Purchase

Contract, Imports &

Exports under Collection

Procedure/Contract Procedure,

Documentary Draft Transaction,

Banking Relationship ,Role of Banks in

Imports & Exports Business, Parties

involved in Documentary Credit (LC)

Operation, Types of LC ,Advising of

Credits and Functions of Nominated

Bank, Documentary Credit Transaction

and other related matters, etc in the

workshop.

Workshop on Import-Export Procedures andInternational Trade

ICAB attends Bangladesh Capital Market Conference 2015


10/1610


The Council of ICAB in its meeting held on 14

July 2015, constituted the 5-member Election

Commission headed by Chief Election Com-

missioner Anil Chandra Nath FCA under

Bye-Law 13 of the Bangladesh CA Bye-Laws,2004, for holding election of the Council and

the election of the Regional Committee(s) of

the Institute simultaneously for 3 years

(2016-’18). The other Election Commissioners

are Abul Kashem FCA, M. Idris Ali FCA,

Qudrat-e-Khuda FCA and Mohammad

Solaiman FCA. The election is scheduled tobe held on 28 November 2015 at the ICAB

Premises.

5-Member Election Commissionformed by ICAB Council

Final List of Contesting Candidates for Council

from Dhaka Regional Constituency

Sl. Voter Enrl.Name

No. Nos. No.

01 03 527 Abedin, Kamrul FCA

02 85 535 Ahmed, Nasir Uddin FCA

03 293 446 Bhuiyan, Shah Md Zakaria FCA

04 323 363 Choudhury, Dr. Jamshed Sanyiath

Ahmed FCA

05 329 274 Choudhury, Muallem Ahmed FCA

06 337 343 Chowdhury, Anwaruddin FCA

07 347 337 Chowdhury, Masih Malik FCA

08 366 766 Chowdhury, N I FCA

09 412 521 Farooq, Muhammad FCA

10 423 716 Ghosh, Gopal Chandra FCA

11 501 185 Hoque, Md Mozammal FCA

12 509 833 Hosain, Md Mahamud FCA

13 529 767 Hossain, Md Akbar FCA

14 564 672 Hossain, Md Shahadat FCA

15 624 452 Hussain, Muhammed Farhad FCA

16 643 533 Islam, Dewan Nazrul FCA

17 644 606 Islam, Dewan Nurul FCA18 657 890 Islam, Md Fokrul FCA

19 676 615 Islam, Md Syful FCA

20 724 644 Islam, Towfiqul FCA

21 748 462 Kabir, Md Humayun FCA

22 753 626 Kaiser, Md Abu FCA

23 761 829 Kamal, Mostafa FCA

24 784 328 Kasem, Akhtar Sohel FCA

25 798 439 Khan, Abbas Uddin FCA

26 800 652 Khan, Adeeb Hossain FCA

27 811 401 Khan, Dr. Md Abu Sayed FCA

28 857 820 Khusru, Mahmudul Hasan FCA

29 886 632 Mahmud, Parveen FCA

30 940 656 Mobin, Noor-E-Khoda Abdul FCA

31 1008 353 Nayeem, Abu Sayed Mohammed FCA

32 1009 469 Nesaruddin, A F FCA

33 1041 760 Quader, Ghulum Murshed Latiful FCA

34 1048 588 Rabbani, Khondkar Atique-e- FCA

35 1095 815 Rahman, Md Mahsudur FCA

36 1174 697 Rashid, Md Harun-Or- FCA

37 1175 607 Rashid, Mohammad Hamidur FCA

38 1254 570 Salam, Md Abdus FCA

39 1289 118 Shaheedullah, Mian Muhammad FCA

Final List of Contesting Candidates for Council

From Chittagong Regional Constituency

Sl. Voter Enrl.Name

No. Nos. No.

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 DhakaRegional Committee (DRC)

Sl. Voter Enrl.Name

No. Nos. No.

01 33 1115 Ahmed, Abu Sayeed FCA

02 79 800 Ahmed, Mohammad Mohiuddin FCA

03 162 972 Alam, Mohammad Khairul FCA

04 241 975 Azim, Md Ashraful FCA

05 507 1129 Hoque, Muhammad Aminul FCA

06 587 1077 Hossen, Md Sarwar FCA

07 906 1156 Mannan, Abdul ACA

08 998 1030 Nandi, Uzzal Kumar FCA

09 1187 939 Reza, Md Selim FCA

10 1190 838 Reza, Muhammed Shamim FCA

11 1192 1183 Rezvi, Md Ali Akther ACA

12 1304 1164 Siddiki, Md Al Amin ACA

13 1316 1054 Sowdagar, Md Abu Khair

Hasanul Hasif FCA

14 1359 1147 Uddin, Md Jasim FCA

Final List of Contesting Candidates for Chittagong

Regional Committee (CRC)

Sl. Voter Enrl.Name

No. Nos. No.

1 26 893 Chowdhury, Arup FCA

2 41 902 Dawood, Ahmed FCA

3 52 971 Hasan , Imran Abu FCA

4 53 888 Hasan, Md Kamrul FCA

5 73 994 Kabir, Mohammed Reazul FCA

Anil Chandra Nath FCA


11/1611


hittagong Regional Committee

(CRC) of ICAB organised a CPD

Seminar on "Finance Act

2015-Major Changes to Income Tax &

VAT" on 12 September 2015 at the

Conference Hall of ICAB-Chittagong

Regional Office, Chittagong.

Apurba Kanti Das, Commissioner of

Taxes Zone-01, Chittagong was present

as Chief Guest. Showkat Hossain FCA,

Past President and Council

Member-ICAB & Resident Partner, Hoda

Vasi Chowdhury & Co.,

Chartered Accountants

conducted as the

Session Chairman.

Shekhar Ranjan Kar

FCA, Past Chairman,

CRC-ICAB and Group

CFO & Company

Secretary, BSRM Group

of Companies

presented the keynote

paper in the seminar.

C

CRC-ICAB organized CPD Seminar on 'FinanceAct 2015-Major Changes to Income Tax & VAT'

Two Companies panelized

for Qualified Reports by

MABS & J PartnersBased on qualified report on the Audited Financial State-

ments for the year ended 30 June 2014 BSEC fined the

Directors of Alltex Industries Ltd by Taka five lac, each.

BSEC also penalized each of the Directors of Dacca Dyeing

& Manufacturing Co Ltd (DDMCL) by Taka two lac based on

qualified audit report by the same CA Firm on the Audit of

Financial Statements for the fiscal year 2013.

ICAB President attends JuryBoard Meeting for Daily

Star-DHL Business AwardsICAB President Masih Malik Chowdhury FCA attended the

Jury Board Meeting for the Daily Star-DHL Bangladesh

Business Awards at the Azizur Rahman Conference Hall,

Daily Star Centre, Dhaka on 11 September 2015. Mr. Chow-

dhury is one of the members of the Jury Board for the Daily

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

prestigious award in the country which is jointly organized by

The Daily Star and DHL Express Bangladesh every year.

The awards have been given to the exceptional business

leaders of the country with a view to promote ethical

business practice since 2000.

Exclusive Interviewof Shahadat

Hossain in EkusheyTV, Tells on FRA

ICAB Council Member Md Shahadat Hossain FCA participated

in Ekushey Business program on capital market which was

broadcast live in Ekushey TV on 7 September 2015. In an

exclusive interview Mr. Shahadat spoke on current capital

market trend & its related phenomenon, the FinancialReporting Act 2015, accounting & auditing standards, etc.

On a query he described some sections of Financial Reporting

Act which he said definitions of auditor and professional

accountant are not clear. He also highlighted some core

functional areas of the Act including provision for punishment

for auditor which are inconsistant and impracticable.


12/1612


ICAB Academic Campus NewsThe Pre-examination Classes for

Professional Stage-Knowledge Level(12th Batch, Sections: G-I), Application

Level (11th Batch, Sections: A-D) and

Advanced Stage (10th Batch, Section:

A) have started from 06 September

2015 for Examination Session:

November-December 2015 at ICAB

New Academic Campus. These batches

will be concluded on 29 November 2015.

There are 512 students enrolled for the

Class Session: September-November

2015 and 133 teachers will conduct the

classes.

As a result, the cumulative number of

participated students of ICAB under new

curriculum has come to 9,476 till

September 31, 2015.

On the other hand, a- new session for

the students of Professional Stage-

Knowledge Level (13th Batch) will

commence from Tuesday, 01 December

2015 at ICAB New Academic Campus. A

Notice has already been issued in this

regard, and all concerned students are

advised to enroll the classes by 10

November 2015 at ICAB New Academic

Campus.

The notice of Special Classes for the

Students of Professional Stage-

Knowledge & Application Levels for

Examination Session: November-

December 2015, who are now engaged

in Union Parishad Audit Works and

staying outside Dhaka, has been issued

on Tuesday, 29 September 2015 at

Campus. Students intending to attendthe special classes will be required to

enroll/register their names on or before

20 October 2015 at ICAB New Academic

Campus, 51-53, Kazi Nazrul Islam

Avenue, Kawran Bazar, Commercial

Area, Dhaka-1215. All concerned

students are also requested to submit

application through and with the

recommendation of the respective

Principal of the Firms, to the address of

ICAB New Academic Campus.

Meanwhile, the refurbishments of ICAB

New Academic Campus at 51-53, Kazi

Nazrul Islam Avenue, Kawran Bazar,

Commercial Area, and Dhaka-1215

have mostly done, and the rest works of

it will be completed by October 2015.

The Programme and Session have been

organised by the Additional Director &

his Team at ICAB Academic Campus

under the supervision of the Vice

President (Education & Training)-ICAB,Mr. A F Nesaruddin FCA with the

consent and guidance Mr. Masih Malik

Chowdhury FCA, President-ICAB Mr.

ABM Azizuddin FCA, Chairman of Board

of Studies-ICAB & Co-chairman, Md

Abdus Salam FCA.

Resource Persons: ICAB Academic Campus (Session: September-November 2015)Name of Resource Persons

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

Mr MAKH Hasif Sowdagar FCA

Mr Md Amran Hossan ACA

Mr Mohammad Rostam Hosain ACA

Mr Obaidur Rahman FCA

Mr Md Humayan Kabir FCA

Mr Muhammad Kamruzzaman ACA

Mr Chitta Ranjan Halder FCA

Mr Md Akber Hossain Khan ACA

Ms Tasnuva Ahmed ACA

Mr Mahmudur Rahman ACAMr Ruhul Amin ACA

Mr Faruq Ibn Hossain ACA

Mr Zafar Ullah Khan FCA

Mr Shibly Ahmed FCA

Mr Muhammad Shariful Islam Shiplu FCA

Mr G M Latiful Quader FCA

Mr Mohammed Ariful Hoque FCA

Mr Mohammad Shibbir Hossain FCA

Mr Md Kishlur Rahman ACA

Mr Md Shihabur Reza ACA

Mr Sajib Sarkar ACA

Mr Parymal Kumer Sarker ACA

Ms Ismat Jahan ACA

Mr Md Shahariar Ahmed ACA

Ms Mashruna Alam Chowdhury ACA

Mr Md Bani Amin ACA

Mr Mohammad Monowar Hossain ACA

Mr K S Omar Faruk ACA

Mr Md Sayduzzaman Tuhin ACA

Mr Khairul Basher FCA

Mr Abdullah-Al-Mamun FCA

Mr Tariquzzaman Khan FCA

Mr Md Jasim Uddin FCA

Mr Miltan Bepari ACA

Professor Dr ASM Hossain Tayiab FCA

Mr Md Saiful Hasan ACA

Mr Md Ebadat Hossain Bhuiyan FCA

Mr Md Al-Amin Siddiki ACA

Mr Ajit Kumar Paul FCA (GT)

Mr Md Abu Bakar FCA

Mr Md Kamruzzaman ACA

Mr Md Tareq Kamal ACA

Mr Mohammad Mazharul Haque FCA

Mr Sandip Halder FCA

Mr Md Mahbub Hasan ACA

Mr Mohammad Mohsin Khan ACA

Mr Sheikh Tareq Zahir FCA

Mr Ramdas Howlader FCA

Ms Farjana Yeasmin ACA

Mr Md Razib Hossain ACA

Mr Shadhan Chandra Das FCA

Mr Abu Hena Mustafa Kamal ACA

Mr Shyamal Krishna Roy FCA

Ms Sharmina Tasneem FCA

Mr Badal Chandra Rajbangshi ACA

Mr Md Zahurul Islam ACA

Mr Md Abdullah-Al-Amin ACA

Mr Nazmul Hussain Siddique ACA


13/1613


Announcement(Classes of Next Session)

The New Session (December

2015-February 2016) for the Students of

Professional Stage-Knowledge Level

(13th Batch) will start from Tuesday, 01

December 2015 at ICAB New Academic

Campus, 51-53, Kazi Nazrul Islam

Avenue, Kawran Bazar, Commercial

Area, Dhaka-1215. A Notice has already

been issued in this matter, and all the

concerned students are advised to

enroll for the classes by 10 November

2015 at ICAB New Academic Campus.

Source: ICAB Campus

Name of Resource Persons

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

Mr Mohammed Tofazzul Hussain FCA


Mr Anwaruddin Chowdhury FCA (GT)

Mr Obaidur Rahman FCA

Mr Mohammad Redwanur Rahman FCA

Mr Anup Kumar Sarker ACA

Mr Md Shafiqul Alam FCA

Mr Md Kahir Mahmud FCA

Mr Masud Khan FCA-India (GT)

Mr Shaheduzzaman Choudhury FCA

Mr Mohammad Imtiaz Khan FCA

Mr K M Atiqul Islam ACA

Mr Mahmudul Hasan Khusru FCA

Mr Abdul Khalek FCA

Mr Md Amirul Islam FCA

Mr Abdulla-Al-Mahmud FCA

Mr Md Mahsudur Rahman FCA

Mr Md Sarwar Hossen FCA

Mr Shafiq Musharrof FCA

Mr Gopal Chandra Ghosh FCA

Mr Sabbir Ahmed FCA

Mr AH Mostafa Kamal Khan

Mr Shamim -Al-Mamun FCA

Mr Dipok Kumar Roy ACA

Mr Sayeed Ahmed FCA

Mr Md Akbar Hossain FCA

Mr Mohammed Forkan Uddin FCA

Mr Mohammad Abdul Ohab Miah FCA

Mr Md Din Islam Miah FCA

Mr Mohammed Sabir Ahmed FCA

Dr Jakerul Abedin (GT)Mr Mohammad Abdul Matin

Mr Md Fokrul Islam FCA

Mr MAKH Hasif Sowdagar FCA

Mr Muhammad Aminul Hoque FCA

Mr Md Mahamud Hosain FCA

Mr Md Abdur Rouf FCA

Mr Shahriar Istiaq Halim FCA

Mr Md Abdur Razzaque FCA

Mr Md Ziaul Alam ACA

Mr Bibhuti Bhushan Biswas FCA

Mr Anup Kumar Mukherjee FCA

Mr Zakir Hossain FCAMr Ranjan Kumar Bhowmik FCMA

Mr Md Reajul Islam FCA

Mr Imtiaz Lutful Baset FCA

Mr Md Selim Reza FCA

Mr Syed Mohammed Kowser Hossain (GT)

Mr Palash Mollick

Mr Mohammad Aminul Hoque FCA

Mr Shah Muhammad Ashequr Rahman FCA

Mr Ajit Kumar Paul FCA (GT)

Mr Mostak Ahmmed FCA

Mr S M Rahmatul Mujeeb FCA

Mr Md Abdul Ahad ACA

Mr Sujan Kumar Saha ACA


Mr Mohammad Salahuddin Chowdhury FCA

Mr Mohammad Nazim Uddin FCA

Mr Md Lutfar Rahman ACA

Mr Sk. Md Tarikul Islam ACA

Mr Md Arshadul Kabir ACA

Mr Md Jehad Uddin

Mr Snehsish Barua FCA

Mr Sheikh Noor Mohammad (GT)

Mr Abdullah Al Yousuf (GT)

Mr. Yasin Miah FCA

Mr Md Abdullah-Al-Amin ACA

Mr Nazmul Hussain Siddique ACA

Name of Resource Persons

(Sections- A of AS-10th Batch)


Mr Mohammad Mehdi Hasan FCA

Mr Mohammed Forkan Uddin FCA

Mr Anwaruddin Chowdhury FCA(GT)

Mr Sabbir Ahmed FCA


Mr Shahriar Istiaq Halim FCA

Mr Sk. Md Tarikul Islam ACA

Mr Masud Khan FCA-India (GT)

Mr Sayeed Ahmed FCA

Mr Snehsish Barua FCA

Visiting Faculties(for Ongoing Session)

Name of Visiting Faculties

Mr. Masih Malik Chowdhury FCA

Mr. A F Nesaruddin FCA

Mr. ABM Azizuddin FCA

Mr. Anwaruddin Chowdhury FCA

Mr. Md Syful Islam FCA

Mr. Md Abdus Salam FCA

Mr. Gopal Chandra Ghosh FCA

Mr. Abdul Khalek FCA

Mr. Md Amirul Islam FCA

Mr. Sabbir Ahmed FCA (E-770)

Mr. Mohammad Mehdi Hasan FCA

Mr. Ajit Kumar Paul FCA

Dr. Jakerul Abedin

Mr. Md Jehad Uddin

Mr. Syed Mohammed Kowser Hossain

Mr. Sheikh Noor Mohammad

Mr Abdullah Al Yousuf

Mr. A H Mostafa Kamal Khan

Campus News Continued.


14/1614


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) 21 September 2015

Partner

Hoda Vasi Chowdhury & Co.,

Chartered Accountants,

BTMC Building

(Level-7 & 8), 7-9, Karwan Bazar,

Dhaka-1215

Mr. AKM Kamrul Islam FCA (670) 21 September 2015

Partner

Islam Aftab Kamrul & Co.,Chartered Accountants,

BSCIC Electronics Complex (Level-5)

Plot # 1/1/,Road # 3,

Avenue-4, Section-7,

Mirpur, Dhaka

Mr. Sabbir Ahmed FCA (770) 21 September 2015

Partner

Hoda Vasi Chowdhury & Co.,


BTMC Building,

(Level-7 & 8), 7-9,

Karwan Bazar,

Dhaka-1215

Name Effective Date

Mr. Md. Eftekhar Ali FCA (910) 21 September 2015

Partner

S K Barua & Co.,

Chartered Accountants,House # 181 (2nd floor),

Lane # 23, New DOHS,

Mohakhali, Dhaka-1206

Mr. Md. Shamim Ahsan FCA (1047) 21 September 2015

Partner

Islam Jahid & Co.,


East Tejturi Bazar (2nd floor)

Kawran Bazar, Dhaka-1215

Mr. Mohammad Mofizul Haque 21 September 2015

Rinku ACA (1204)

Partner

Rahman Mostafa Alam & Co.,


Paramount Heights (7th floor D2)

65/2/1, Box Culvert Road

Purana Paltan, Dhaka-1000

Mr. Mohammad Anwarul 21 September 2015

Hoque ACA (1458)

Partner

S K Barua & Co.,


House # 181 (2nd floor),

Lane # 23, New DOHS,

Mohakhali, Dhaka-1206

Source: Secretariat-ICAB

Congratulations

We Mourn

Joachim Andrew Gomes FCA

(Enrolment No. 04), Proprietor,

Andrew Gomes & Co., Chartered

Accountants, died on 09 September

2015 due to Hepatitis –B disease.

He was 88.

He left behind his wife, 03 sons and

6 daughters. On behalf of the

Council Members of the Institute, the President of ICAB

Masih Malik Chowdhury FCA expressed deep sorrow at the

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

departed soul. May Allah give the bereaved family the

strength and courage to bear the irreparable loss.

Tofazzul Hussain FCA,

Lead Consultant and

the Chairman of

HUSSAINS Business

Consultants Ltd has

participated in the

Certified ManagementConsultant International

Conference 2015 held

from 22-28 September

2015 in the Netherlands

under the International

Council of Management

Consulting Institutes

(ICMCI).

Tofazzul Hussain in CMCI Conference


15/1615


Research Director of UK, FRC, Andrew

Lennard, President of German

Accounting Standards Setting Board

Prof. Dr. Andreas Barckow.

Courtesy Call on ICAEW Deputy

President and Meeting with

ICAEW Senior Executives

ICAB delegates paid a courtesy call on

ICAEW Deputy President and held a

meeting with Senior Executives at

Chartered Accountants' Hall, Moorgate

Place, London on 30 September 2015.

The meeting with ICAEW Deputy

President Dr. Hilary Lindsay, Head of

New Business Development, JustinWest and International Affairs Manager

Ms. Christina Pavlis discussed various

professional issues.

ICAEW Deputy President acknowledged

the importance of mutual collaboration

between the two institutes and she

showed her interest to enhance the

strength of this relationship.

ICAB President shared

the current status of

a c c o u n t a n c y

profession in

Bangladesh andICAB’s major initiatives

towards professional

development. He also

congratulated the

Deputy President of ICAEW in advance

to her presidency for the year 2016. He

invited her to visit ICAB at a suitable

time.

ICAEW Executive Director Vernon

Soare, Head of New Business

Development Justin West, International

Affairs Manager Christina Pavlis were

present in another meeting at same

venue on the same day. ICAB President

and other delegates discussed in details

about the current status of ICAB and the

profession with them.

Online education and library facilities for

ICAB students and members,

arrangement of training for ICAB

members for online IFRS and clarified

ISA certification program, support in

development of ICAB’s SIG and

faculties, World Bank Project, etc werethe dominant issues in the meeting.

They visited London Stock Exchange

(LSE) on 30 September. On the way

back from UK, ICAB President and Past

President Syful Islam FCA visited Qatar

for exploring new career opportunity for

the members of the Institute, in a brief

stop over.

(From back page) ICAB delegates participate in IASB World...

coordination meeting between

Bangladesh Bank high officials and

ICAB working group was held on

20 September 2015 to discuss the

expectation gaps and way forwards to

reduce the gaps.

Abu Hena Mohd. Razee Hassan,

Deputy Governor, Bangladesh Bank

briefed about background of the

meeting. ICAB President also briefed on

ICAB’s role to promote transparency

and governance in Accountancy and

Audit services. He said ICAB is

committed to disseminate technicalknowledge and practical implementation

of various Accounting and Auditing

Standards like IFRS, ISA and the related

laws, regulations and fiscal matters

such as income tax, VAT, customs duty

among various stakeholders and

institutions.

ICAB has been arranging and strictly

monitoring the training programs,

workshops, round table dialogues

organized its premises for the

stakeholders, he further said. The

President also mentioned that the

meeting between the two organizations

is very important. He hoped that such

dialogue and interaction between ICABand Bangladesh Bank will continue in

future for mutual benefit.

ICAB member & convener of BB working

group Sabbir Ahmed FCA highlighted

the role of auditor and common areas of

expectation & gap.

Among others, Bangladesh Bank,

Representatives from different

departments, ICAB Vice Presidents A F

Nesaruddin FCA, Kamrul Abedin FCA,

Council Member & Past President Md.

Syful Islam FCA, Fellow Members Md.

Raghib Ahsan FCA, Md. Jahidur

Rahman FCA, Muhammad Aminul

Hoque FCA, Mohammed Hamidul Islam

FCA, Muraheb Malik Chowdhury FCA, Ashraf-Uz-Zaman Ali ACA were present

in the meeting.

A Coordination Meeting between Bangladesh Bank High

Officials and ICAB Working Group

A


16/16


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

itt R i l C itt Ch i M M h d S if Uddi FCA HBFCB ildi (3 d Fl ) 1/D A b d C i l A Chitt B l d h T l 880 31 724674 F 880 31 2523579 E il i b t @ h

CAB President Masih Malik

Chowdhury FCA along with his teamparticipated 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

IrelandICAB 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 continueits cooperation in education, certification

and training on implementation of both

cash and accrual basis IPSAS for ICAB

Members and other stakeholders of

ICAB in Bangladesh. Technical Director

of Nelson Croom Ltd, Nelson Croom

was also present.

Both ICAB and CPA Ireland showed

their high interest to work together for

mutual collaboration and professional

development in coming days.

Meeting with UK 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

regard.

IASB World Standard Setters

Conference

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

President, Council Members &

Technical Staffs from Institutes of more

than 60 Countries participated in themeeting. This was full of technical

sessions on latest development of

IFRS and relevant issues. Indeed the

whole program was full of fellowship

and networking events with the leaders

and technical experts from

accountancy and relevant

regulatory organizations from

60 countries.

Apart from participating in the

technical sessions, ICAB

delegates separately held

meetings with the Executive

Director of IFRS Foundation,

ICAB Delegates participate in IASB WorldStandards Setters Conference, Meetings with

CPA Ireland, ICAEW and UK Chapter in London

I

Contined page 15

Schedule of Trainings and

Workshops in October The tentative schedule of the ICPE organised

Trainings and Workshops in October 2015

are furnished below:

Source: ICAB Centre for Professional Excellence (ICPE)

Title Date

Workshop on "EffectivePresentation through

PowerPoint"

3 & 10 October

11-29 October

17 October

Training on "Preparation ofAccounts in ModernCommercial AccountingSystem"for Officers/Staff of BTCL

Workshop on EffectiveCommunication Skills

31 OctoberWorkshop on "Writing Skills"

Documents

Bulletin Sep 15