December 2008 ISSN 1993-5366 ICABNews Bulletin three decades. He was also Vice President-ICAB in 2004. Mr. Md. Syful Islam FCA, VP-2008, Member Council was re-elected Vice President-ICAB

Mr. Nasir UddinAhmed FCA waselected Presidentfor the year 2009 and Mr.Showkat Hossain FCA, Mr.Md. Syful Islam FCA and Mr.Md. Shahadat Hossain FCAwere elected Vice Presidentsfor the same tenure of theInstitute of CharteredAccountants of Bangladesh(ICAB) in a meeting of theCouncil-ICAB held on 27December 2008. Mr. Ahmedwas introduced in the 36th Annual General Meeting(AGM) of the Institute held under theChairmanship of Mr. Md. Humayun Kabir FCA,President-ICAB. Mr. Ahmed was Vice President ofICAB for the year 2003 and 2004. Mr. Ahmed isthe Finance Director of Coats Bangladesh Ltd., a

British multinational companyin Bangladesh. He is also agovernment nominatedDirector of BangladeshCommerce Bank Ltd.Mr. Ahmed has a brilliantacademic and professionalcareer. He obtained first classin B.Com (Hons) inAccounting from DhakaUniversity in 1981 and passedM.Com in Accounting from

the same University. Heattended various training

courses at top business schools abroad. Mr. Ahmed qualified as Chartered Accountantfrom ICAB in November 1986. He was awardedICAB Medal (Silver) in CA intermediateexamination in May 1985. He has been closelyassociated with various academic activities of

December 2008

Monthly News briefing from the Institute of Chartered Accountants of Bangladesh

ICAB News BulletinNo. 230

Nasir U Ahmed ElectedPresident-ICAB for 2009

MEMBER OF:

International Federation ofAccountants (IFAC)

International AccountingStandards Board (IASB)

South Asian Federation ofAccountants (SAFA)

Confederation of Asianand Pacific Accountants(CAPA)

In This Issue

p Nasir U Ahmed Elected

President-ICAB for 2009

p SEC Chairman

Emphasised on the

Appropriate Application of

IFAC Code of Ethics

p Awards Given by ICAB for

Best Published Accounts

and Reports 2007

p ICAB organizes Award

Giving Ceremony to the

Brilliant Children of

Members

p Annual Dinner of ICAB

p Obituary

p Meetings and Programmes

held in the Month of

December 2008

p IFAC News

p Office Bearers of CRC-

ICAB Elected for 2009

p Admission as Associate

p Admission as Fellows

p Permission to Start

Practice

p ICAB 36th Annual General

Meeting heldShowkat Hossain FCA Md Syful Islam FCA Md Shahadat Hossain FCA

Vice President Vice President Vice President

Nasir Uddin Ahmed FCAPresident

ISSN 1993-5366

ICAB News Bulletin No. 230ICAB since long. He was a lecturer ofAuditing and Business Law at ICAB from1991 upto 2003. An active member ofICAB, Mr. Ahmed is also associated withvarious social and professional bodies inand outside the country.Mr Showkat Hossain FCA was electedVice President for 2009. He was alsoelected Vice President for several time. Heis a Partner of Hoda Vasi Chowdhury &Co., Chartered Accountants, anindependent affiliate firm of DeloitteTouche Tohmatsu USA. Mr. Hossain hasqualified as Chartered Accountant in the

year 1976 from the Institute of CharteredAccountants of Bangladesh. He graduatedfrom City College-Chittagong and Articledwith the then AF Ferguson & Co CharteredAccountants. Mr. Hossain in his colorfulcareer served in the Multinational andNational Companies at home and abroadincluding Large Petro-ChemicalComplexes in the North Africa for aroundthree decades. He was also Vice President-ICAB in 2004.Mr. Md. Syful Islam FCA, VP-2008,Member Council was re-elected VicePresident-ICAB for the year 2009. Mr.Islam is the Managing Partner of Syful

Shamsul Alam & Co., CharteredAccountants. He is Director of RupaliBank Ltd. He is actively involved withdifferent social service activities in hisvillage home and involved with thefounding schools and madrasa in hisvillage home.Mr. Shahadat Hossain FCA, was electedVice President for 2009. He qualified asChartered Accountant from the Institute ofChartered Accountants of Bangladesh(ICAB) in 1993. Mr Hossain is a Partner ofM/s Shahadat Rashid & Co., CharteredAccountants. He is a writer on subjects ofeconomic and commercial interest. n

December 2008 2

SEC Chairman Emphasised on the Appropriate Application of IFAC Code of Ethics

Mr Faruq Ahmad Siddiqi, Chairman, Securities and Exchange Commission, Chief Guest addressing the audience of the CPE Seminar. Seen from (L-R), Mr Nasir UddinAhmed FCA, Paper Presenter, Mr. Md Humayun Kabir FCA, President-ICAB and Mr ABM Azizuddin FCA, Member Council & Past President-ICAB, Session Chairman.

The Institute of CharteredAccountants of Bangladeshorganized a CPE Seminar in theICAB Auditorium of the city on 21

December 2008. The topic of the Seminar

was “Code of Ethics For Professional

Accountants” Mr Faruq Ahmad Siddiqi,

Chairman, Securities and Exchange

Commission (SEC) in his speech as Chief

Guest focused on the appropriate

application and compliance of the

accounting and auditing standards and the

IFAC code of ethics as adopted by the

ICAB. He said that good governance,

transparency and accountability of an

entity is the basic infrastructure which a

professional accountant must demonstrate

through his presentation and audit of

financial statements containing appropriate

disclosure. Mr Siddiqi stressed that

disclosure is a very important element of

an audit report prepared by a Chartered

Accountancy firm which helps the

investors, stakeholders and the

shareholders of an entity to take decision.

To achieve this goal a professional

accountant must have integrity,

ICAB News Bulletin No. 230

December 2008 3

competence, confidentiality and an

approach to the conceptual framework of

code of ethics for professional accountants.

A professional accountant while

discharging his responsibility may receive

threats from various vested interests which

he must encounter with the ethical spirit

and strict compliance of the codes of ethics

adopted by the Institute.Mr Md Humayun Kabir FCA President–ICAB in his address of welcome said thatthe Institute has adopted the IFAC Code ofEthics for the benefit of the accountancyprofession. He stressed that whiledischarging responsibility, a professional

accountant must remain conscious andaware of the ethical issues involved withhis activity and he must keep himselfabove all such issues that may give rise toquestions on his activities and the auditreport framed by him. A professionalaccountant must remember that he is anindispensable part of the society and theeconomy as a whole and his observationsof the financial statements of an entity maycast an impact on the whole economy ofthe country.Mr Nasir Uddin Ahmed FCA MemberCouncil-ICAB presented the key notepaper on the topic. He explained about

Code of Ethics for the ProfessionalAccountants. He said, a professionalaccountant has a continuing duty tomaintain professional knowledge and skillat the level required to ensure that a clientreceives competent professional servicesbased on current developments in practice,legislation and techniques. Mr. Ahmed alsodiscussed about various threats andsafeguards of a professional accountant.Mr ABM Azizuddin FCA Member Counciland Past President ICAB conducted theseminar as Session Chairman. Mr MdSyful Islam FCA Vice President-ICABoffered the vote of thanks. n

Speaking in the Seminar (Left to Right): Mr Faruq Ahmad Siddiqi, Chairman, Securities and Exchange Commission, Chief Guest, Mr ABM Azizuddin FCA, Member Council& Past President-ICAB, Session Chairman, Mr. Md Humayun Kabir FCA, President-ICAB,Mr Nasir Uddin Ahmed FCA, Paper Presenter and Mr Md Syful Islam FCA, VicePresident-ICAB.

A view of the audience of the Seminar on "Code of Ethics For Professional Accountants".


December 2008 4

The Institute of CharteredAccountants of Bangladesh(ICAB), the regulatory body ofthe Accountancy Profession in the countrythrough its Review Committee forPublished Accounts and Reports (RCPAR)evaluated the published accounts andfinancial statements of the listedcompanies and NGOs/MFIs whoparticipated in the 8th ICAB NationalAwards for Best Published Accounts andReports 2007 Competition. The PublishedAccounts and Reports of the listedcompanies, NGOs/MFIs and Public SectorEntities were evaluated by RCPAR-ICABunder guidelines and criteria set by theSouth Asian Federation of Accountants(SAFA). In a ceremonial function organized byICAB on 04 December 2008 atBangladesh-China Friendship ConferenceCentre, Mr. Md Humayun Kabir FCA,President-ICAB in his address of welcomecommented that since establishment in1973, ICAB has been relentlessly trying topromote the accountancy profession inBangladesh and as result the number of

qualified accountants has increasedsubstantially. He narrated the scenario ofpublished accounts and reports in theSAARC region. He thanked theorganizations that participated in thecompetition of Best Published Accounts &Reports-2007.Dr. A B Mirza Mohammad Azizul Islam,Adviser in charge of Ministry of Financeand Planning, Government of People’sRepublic of Bangladesh (GOB) in hisspeech as Chief Guest highly appreciatedthe evaluation process of ICAB of thePublished Accounts and Reports and hopedthat this will have a positive impact inbringing about transparency, accountabilityand good governance among the entities.He stressed on the application andcompliance of accounting and auditingstandards in the preparation of financialstatements. He narrated the scenario ofpublished accounts and reports in theSAARC region. He thanked theorganizations that participated in thecompetition of Best Published Accounts &Reports-2007.In the Financial Sector- Banking category,

Prime Bank Ltd., Dutch-Bangla Bank Ltd.and BRAC Bank Ltd. were evaluated 1st,2nd and 3rd respectively and Dhaka BankLtd., Mercantile Bank Ltd and South EastBank Ltd were awarded with Certificatesof Merit. In the Financial Sector Non-Banking category, Prime Finance andInvestment Ltd., IDLC Finance Ltd andLanka-Bangla Finance Ltd. were evaluated1st, 2nd and 3rd respectively while UttaraFinance & Investment Ltd. and IPDC ofBD Ltd were awarded with Certificates ofMerit. In the Non-Financial Sector-Manufacturing category SingerBangladesh Ltd, Renata Ltd. andGlaxoSmithKline Ltd. were evaluated 1st,2nd and 3rd respectively and SquarePharmaceuticals Ltd and ACI Ltd. wereawarded with Certificates of Merit. In theNGOs/MFIs Sector BRAC and Buro wereevaluated 1st and 2nd respectively. In thesector of public entities InvestmentCorporation of Bangladesh (ICB) wasevaluated 1st. Ms. Parveen Mahmud FCA,Vice President, ICAB offered the vote ofthanks. n

Awards Given by ICAB for Best Published Accounts and Reports 2007

Winners in the ICAB National Awards for Best Published Accounts and Reports 2007 seen with (sitting on the dais) Dr. A B Mirza Azizul Islam, Adviser in charge of Ministryof Finance and Planning, Commerce, GoB, Chief Guest (centre). Mr Md Humayun Kabir FCA, President-ICAB (second from right) and Ms Parveen Mahmud FCA, VicePresident-ICAB (extreme left).


December 2008 5

The Members’ Services andWelfare Committee (MSWC) ofthe Council-ICAB under theChairmanship of Dr. Md. Abu Sayed KhanFCA, Member Council-ICAB andChairman-MSWC organized an AwardGiving Ceremony for the Brilliant Childrenof ICAB Members on 05 December 2008at the ICAB Auditorium. Mr. Md. Humayun Kabir FCA, President-ICAB, Vice Presidents, Council Members,Past Presidents, Members and inviteeswere present on the occasion. The following Children of the Members ofthe Institute were honored with awards fortheir outstanding results in differentexaminations.Sumaiya Jannat, Dipanyta Datta,Sabysachi Roy, Waseka FarzanaChowdhury, Mehbuba Mamtaj Mehedi,Hridi Rahman, Sushmita Mondal, ZeeshanAshraf, Tanjim Mojumder, Ishrat Zebeen,Sheikh Ruksana Binte Ahmed, SanjanaAhmed, Tasmia Khan, Tamanna Musharraf

and Nishat Tasnim from SSC level.S M Zeeshan Saad, Sheikh Farhana BinteAhmed, Tasnia Tahsin Roselyn, SabrinaIslam Khan, Tamanna Tasnim, Mahin IrfanKhan and Samiha Khan from HSC level.

Sagleen Bint-e Ayaz, Intishar Jashim,Sakib Mohammed Muntasir Adnan andChaity Basak from O level and Md.Monjurul Hassan, Arunav Das and ZenithTuranza Ahmed from A level. n

ICAB organizes Award Giving Ceremonyto the Brilliant Children of Members

(Sitting) Mr Md Humayun Kabir FCA, President-ICAB (3rd from left), Dr. Md. Abu Sayed Khan FCA, Member Council-ICAB and Chairman-MSWC, (2nd from left), (L-R) MrMd Shahadat Hossain FCA, Member Council-ICAB, Mrs Humayun Kabir, Ms Parveen Mahmud FCA and Mr Md Syful Islam FCA, Vice Presidents-ICAB seen with theawardees.

Guardians were also present with their brilliant children on the occasion.


December 2008 6

Annual Cultural Function and dinner atthe Institute of Chartered Accountants ofBangladesh was held in the evening on 26December 2008 at Winter Garden, DhakaSheraton Hotel, Dhaka.Mr. Md Humayun Kabir FCA, President-ICAB appreciated the programme,thanked the members for joining thefunction. Renowned singers ofBangladesh presented their melodioussongs.

Mr Md Humayun Kabir FCA, President-ICAB welcoming everybody to the Annual Dinner of ICAB.

A view of audience watching cultural programme in ICAB's Dinner Party.

Sabina Yeasmin Anupoma Mukti

Annual Dinner of ICAB


December 2008 7

Mr. MdYunus FCA,Enrollment-20, PastPresident ofthe Instituteof CharteredAccountantsof Bangla-

desh (ICAB)expired on 30 December 2008 at 10:15p.m. at a City Hospital. (Inna Lillahe WaInna Illaihe Rajeun.) He is survived byhis wife, three sons, other familymembers, relatives and well wishers.An illustrious member of the InstituteMr. Md Yunus FCA was one of thesenior most Chartered Accountants of

the Country. Mr. Md Yunus FCA was

associated with various organizations

including FBCCI, DCCI. He was the

President of ICAB in 1984 and South

Asian Federation of Accountants

(SAFA) for the year 1984. President,

Mr. Md Humayun Kabir FCA, the

Council Members and the Members of

ICAB expressed deep sorrow at the

demise of Mr. Md Yunus and prayed to

Almighty Allah, the merciful for

salvation of the departed soul and to

give the bereaved family the strength

and courage to bear the irreparable loss.

Mr. Shamsul Hassan Azharul Alam

FCA, Enrollment-583, Member of the

Institute of Chartered Accountants of

Bangladesh (ICAB) expired on 13

December 2008 (Inna Lillahe Wa Inna

Illaihe Rajeun.) He is survived by his

wife and children.

Late Mr. Alam was a noble soul and was

always held in high esteem by his

relatives, friends and admirers.

He qualified as Chartered Accountant

from ICAB in 1989. He was renowned

social worker and was always

appreciated for his works.

President Mr. Md Humayun Kabir FCA,

the Council Members and the

Members of ICAB expressed deep

sorrow at the sudden demise of Mr.

Alam and prayed to Almighty Allah,

the merciful for salvation of the

departed soul and to give the bereaved

family the strength and courage to bear

the irreparable loss.

Obituary

Md Yunus FCA

Date Meetings/Programmes02.12.08 Meeting of the Professional Development Committee04.12.08 8th ICAB National Awards for Best Published Accounts & Reports05.12.08 Prize Giving Ceremony of Brilliant Students of Members20.12.08 Meeting with C&AG Officials

• Meeting of the Council21.12.08 CPE Seminar on Code of Ethics for Professional Accountants27.12.08 Meeting of the Council

• 36th Annual General Meeting28.12.08 Meeting of the Executive Committee

• Meeting of the Examination Committee• Meeting of the Council• Meeting of the Executive Committee

Meetings and Programmes held in the Month of December 2008

IFAC'S Public SectorASB Launches Work on

Int'l Public SectorConceptual Framework

The International Public SectorAccounting Standards Board(IPSASB), an independent

standard-setting board of the InternationalFederation of Accountants (IFAC), hasissued for comment the first in a series ofconsultation papers focused on thedevelopment of an international publicsector conceptual framework. EntitledConceptual Framework for GeneralPurpose Financial Reporting by PublicSector Entities, the consultation paperrepresents a landmark achievement for thepublic sector financial reportingcommunity. The consultation paper identifies theIPSASB's preliminary views on theobjectives and scope of financialreporting, the qualitative characteristics ofinformation included in general purposefinancial reports and the characteristics ofpublic sector reporting entities.

"Our ultimate goal is to develop aframework that makes explicit theconcepts, definitions, and principles thatunderpin the development of IPSASs,"states IPSASB Chair Mike Hathorn."Since it will apply across countries andjurisdictions with different politicalsystems and forms of government, theframework will recognize the diversitythat exists in the many jurisdictions thatmay adopt IPSASs and help to strengthenthe transparency and consistency offinancial reporting by governmentsworldwide. This makes receiving a broadspectrum of comments on this paper, andall our consultation papers, all the moresignificant." "Given the important role the conceptualframework will eventually play in thefuture standard-setting activities of theIPSASB, I strongly urge constituents torespond to the views expressed in thismilestone paper," adds Mr. Hathorn.

Courtesy: IFAC Website

IFAC News


December 2008 8

IFAC News

The International Federation ofAccountants (IFAC) supportsrecent moves by the

International Accounting Standards Board(IASB) to contribute to greater consistency

in financial reporting and to work towards

convergence of international standards, an

objective which IFAC views as critical to

the efficient operation of global capital

markets.

While accepting the value of moving

rapidly to remove differences in the

application of fair value accounting in

different jurisdictions, IFAC strongly

opposes attempts to change more radically,

IFAC Supports Convergence in the Reporting of Financial Instruments

Leaders of over 100

accountancy organizations

worldwide met in Rome on

November 11-14 to participate in the

International Federation of Accountants'

(IFAC) Board and Council meetings, where

they addressed the global financial crisis,

convergence to global auditing and ethics

standards, and the profession's role in

sustainable development. At the conclusion

of the meeting, President Robert Bunting of

the United States assumed the IFAC

Presidency for a two-year term ending in

November 2010. Göran Tidström of

Sweden assumed the position of Deputy

President. In addition, the Council

approved the appointment of three new

members to the IFAC Board and the

reappointment of four members to a second

term.*

Newly elected IFAC President Robert

Bunting, a past Chairman of the American

Institute of Certified Public Accountants

and an IFAC Board member since 2005,

commented on the global financial crisis,

pointing out "The financial crisis has

clearly demonstrated how interconnected

global markets are. This makes IFAC's

initiatives to achieve convergence of

international standards ever more urgent.

Convergence to a common set of high

quality accounting and auditing standards is

essential to assuring the quality of the

profession's services and is vital to the

effective operations of markets and to

promoting cross-border trade and

investment."

"I believe that IFAC has a key role to play

in restoring confidence in the markets,"

emphasizes Mr. Bunting. "We must

demonstrate that our standard-setting

processes are rigorous. And we must

continue to promote strong corporate

governance and the highest quality

practices by the world's accountants,

whether they work in public practice or in

business and industry. Additionally, we

need to scrutinize ourselves and look at

what we can do better or differently. And

lastly, we must be even more engaged with

all market participants and actively

collaborate with them in identifying and

implementing the solutions that can prevent

future crises."

Supporting these goals, the IFAC Council

approved an updated Strategic Plan for

2009-2012. This plan has an increased

focus on the implementation of

international standards, on enhancing the

relevance and sustainability of the

profession, and on communicating more

vigorously on regulatory, financial

management, financial reporting, corporate

governance, and other issues.

"Another area of focus in the strategy and

one to which I plan to give my attention is

meeting the needs of small and medium

practices (SMPs) and enterprises (SMEs),"

adds Mr. Bunting. "The SMP/SME

community did not cause the current

financial crisis, but they will be very much

affected by it. We must do what we can,

including ensuring that they are not subject

to overly burdensome regulatory

requirements, to contribute to their health

and effectiveness."


Robert Bunting Assumes Presidency of IFAC, Council NamesGöran Tidström Deputy President


December 2008 9

Mr. Moddassar Ahmed Siddique is afellow member of the Institute of CharteredAccountants of Bangladesh (ICAB). Hecompleted his articleship from Hoda VasiChowdhury & Co. He worked in Accountsdepartments of NGO Forum & ElectricalSystem Services Company Limited(ESSCO) and also worked in BangladeshSteel Re-Rolling Mills Limited (BSRM)group as group Chief Accountant. Heworked with Aramit group during last

seven years in various capacities as ChiefAccountant, Company Secretary &General Manager Accounts & Finance. Hehas also worked as Advisor in SICHOGroup. Now, he is serving in KDS Groupas Senior General Manager (Accounts &Finance). He has visited India, Thailand,China, Malaysia and Singapore.Mr. Subrata Kumar Bhowmick FCA,qualified as a Chartered Accountant inNovember-December 1999.

He also completed Masters in Accountingfrom Chittagong University. In course ofhis long service in private and governmentsectors related with his profession, he helddifferent senior and responsible positions.Now he is serving in a big Industrial Grouphaving private, public and listedcompanies, named S. Alam Group asSenior General Manager (Finance) beingthe position of head of Finance andAccounts of the Group. n

Office Bearers of CRC-ICABElected for 2009

Mr Moddassar Ahmed Siddique FCA was elected Chairmanand Mr Subrata Kumar Bhowmick FCA Honorary Secretary ofthe Chittagong Regional Committee-ICAB for the year 2009.The other members of CRC are Ms Yesmin Sabder Ali FCA,Mr Shekhar Ranjan Kar FCA and Mr Md Mahfuzur RahmanBhuiyan FCA.

Mr Moddassar Ahmed Siddique FCA Chairman

Ms Yesmin Sabder Ali FCAMember

Mr Shekhar Ranjan Kar FCA Member

Mr Md Mahfuzur Rahman Bhuiyan FCAMember

Mr Subrata Kumar Bhowmick FCAHonorary Secretary

or to suspend, the use of fair valueaccounting without adequate due process.In particular, IFAC considers that makingchanges at a national or regional level thatexacerbate reporting differences wouldserve to further confuse financial marketsand would result in a reduction ofconfidence in financial reporting - exactlythe opposite of what is required in currentcircumstances. "Reducing transparency isnot the answer," says IFAC President

Fermín del Valle, "and it will not serve theinterests of investors." IFAC believes that the additional guidancegiven to those applying both accountingand auditing standards relating to fairvalues has been very valuable and willcontribute to the public interest throughmore consistent application of thestandards. This guidance has come fromthe IASB and the United States FinancialAccounting Standards Board, as well as

from the International Auditing and

Assurance Standards Board in its Staff

Audit Practice Alert, Challenges in

Auditing Fair Value Accounting Estimates

in the Current Market Environment.

IFAC and its independent standard-setting

boards are continuing to monitor the

impact of the credit crisis and will consider

whether further guidance is needed. n



December 2008 10

Admission as AssociateThe following members have been admitted as Associates of theInstitute with effect from the dates as shown against their names:Name Effective DateMs Afrin Akhter ACA (1073) 15.9.2008Assistant ManagerRahman Rahman HuqChartered Accountants9, Mohakhali C/ADhaka.

Mr Md Humayun Kabir ACA (1074) 29.9.2008House # 141 (1st floor)China Building GoliAzimpur, Dhaka

Mr Mohammad Obaidul Islam Khan ACA (1075) 29.9.2008490/1, Senpara ParbataMirpur Parbata-10Dhaka-1216

Mr Mohammad Shahidul Islam ACA (1076) 08. 10.2008Assistant ManagerRahman Rahman HuqChartered Accountants9 Mohakhali Com. AreaDhaka-1212

Mr Md Sarwar Hossen ACA (1077) 12.10.2008Assistant Manager, Audit & Advisory ServiceRahman Rahman HuqChartered Accountants9 Mohakhali Com. AreaDhaka-1212

Mr Syed Md Enamul Kabir ACA (1078) 12.10.2008Assistant Manager, Audit & Advisory ServicesRahman Rahman HuqChartered Accountants9 Mohakhali Com. AreaDhaka-1212

Mr Sandip Halder ACA (1079) 9.11.2008C-5, Basati Camelia

1 Naem Road, Dhanmondi

Dhaka

Name Effective DateMr Shadhan Chandra Das ACA (1080) 9.11.200857/2, East Raza Bazar (3rd floor)

Tejgaon, Dhaka-1215

Mr Pronoy Kumer Biswas ACA (1081) 9.11.2008Manager

ACNABIN

Chartered Accountants

BSRS Bhaban (13th floor)

12 Kawran Bazar, Dhaka-1215

Mr Mohammad Mazharul Haque ACA (1082) 11.11.2008Assistant Manager, Audit & Advisory Services

Rahman Rahman Huq


9 Mohakhali Com. Area

Dhaka-1212

Mr Shahriar Istiaq Halim ACA (1083) 12.11.2008Assistant Manager

Rahman Rahman Huq



Dhaka-1212

Ms Suraiya Zerin ACA (1084) 13.11.2008Assistant Manager

Rahman Rahman Huq



Dhaka-1212

Mr Md Shafiqul Alam ACA (1085) 2.12.2008Audit Manager

A Qasem & Co.,


Gulshan Pink City

Suite # 01-03 (Level-7)

Plot-15, Road-103, Block CEN(C)

Gulshan Avenue

Gulshan, Dhaka-1212


December 2008 11

The following members have been admitted as Fellows of theInstitute with effect from the date as shown against their names:Name Effective DateMr AKM Saif Ullah Kowchar FCA (828) 28.12.2008Group General Manager (F&A)Expolanka GroupMedona Tower (9th floor)28 Mohakhali C/ADhaka-1212

Ms Syeda Assma Kakoli FCA (813) 28.12.2008IFC-SEDF, The World Bank GroupBay's Galleria57 Gulshan AvenueDhaka-1212

Mr Avijit Bhattacharjee FCA (824) 28.12.2008Assistant General ManagerHead of Accounts and AdministrationUnited Leasing Company Ltd.Camellia House22 Kazi Nazrul Islam AvenueDhaka-1000

Mr Md Mahamud Hosain FCA (833) 28.12.2008Head of Finance & AccountsDHL Excel Supply Chain (Bangladesh) Ltd.Taj Cassilina (Level-5), SW (I)425 Gulshan AvenueGulshan-1212

Mr Kiron Sankar Dey FCA (376) 28.12.2008General Manager (F&A)Clifton Group04 Jubilee RoadJiban Bima BhabanChittagong

Mr Kazi Ahmmed Monowar FCA (822) 28.12.2008Dy. General ManagerGrameen Phone Ltd.Celebration PointPlot # 3 & 5, Road # 113/AGulshan-2, Dhaka-1212

Mr Ferdous Ahmed Khan FCA (612) 28.12.2008ProprietorOctokhanChartered AccountantsHosna Tower (2nd floor)106 Gulshan AvenueGulshan, Dhaka-1212

Permission to Start PracticeThe following members have been granted permission to StartPractice as Public Accountants as partner or proprietor with effectfrom the date as shown against their names:Name Effective DateMr AKM Nuruzzaman FCA (133) 28.12.2008PartnerAhmed Zaker & Co.,Chartered Accountants40 Shaheed Syed Nazrul Islam SaraniBijoynagar, Kakrail (10th floor)Dhaka-1000

Mr Md Shafiqul Alam FCA (603) 28.12.2008PartnerBokhteyar Humayun & Co.,Chartered AccountantsRoom # 208-209, Shejan Tower4 SegunbagichaDhaka-1000

Mr Dewan Nurul Islam FCA (606) 28.12.2008PartnerBokhteyar Humayun & Co.,Chartered AccountantsRoom # 208-209, Shejan Tower4 SegunbagichaDhaka-1000

Mr Md Liaquat Hossain Chowdhury FCA (638) 28.12.2008ProprietorMLH CHOWDHURY & COChartered AccountantsChowdhury Villa, 2 No. SuiteMiddle Halishahar, BandarChittagong

Mr Mohammad Motaleb Hossain ACA (950) 28.12.2008PartnerA Qasem & Co.,Chartered AccountantsGulshan Pink CitySuites # 01-03, Level-7, Plot-15Road # 103, Block-CEN (C)Gulshan AvenueDhaka-1212

Mr Ahsan Zamir FCA (269) 28. 12.2008ProprietorAhsan Zamir & Co.,Chartered Accountants2/2, Purana Paltan (1st floor)Dhaka-1000

Admission as Fellows

The 36th Annual General Meeting(AGM) of the CharteredAccountants of Bangladesh(ICAB) was held on 27 December 2008 atthe ICAB Auditorium under theChairmanship of outgoing President MrMd Humayun Kabir FCA. The meetingconsidered and approved the AnnualReport, Auditors Report, FinancialStatements 2007-2008 after discussion bythe members and answered their questionsby the President. The meeting also approved the proposal toappoint Mr Md Atikur Rahman FCA ofAtik Khaled & Co., Chartered Accountantsand Mr Md Abdul Momin Khan LohaniFCA of M Abdus Salam & Co., CharteredAccountants as auditors of the Institute forthe year 2008-2009. Mr. Md. Humayun Kabir FCA, President,ICAB expressed his deep gratitude andsincere thanks to the Past Presidents,Council Members and Members of theInstitute for their kind advice, guidance,support and cooperation which greatlyinspired him in the dispensation of hisduties and responsibilities during the year

2008.There was a lively floor discussion onvarious issues relating to the Institute andthe profession. The members presententhusiastically participated. The outgoing president introducedPresident-elect Mr. Nasir Uddin AhmedFCA for the year 2009. He also introducedthe three Vice-Presidents elect for 2009.They are Mr. Showkat Hossain FCA, Mr.Md Syful Islam FCA and Mr. Md ShahadatHossain FCA.

Mr. Kabir offered his full cooperation to

the new president and said that the

dynamic leadership in the year 2009 will

further strengthen the professionals’

fraternity among the members of the

Institute.

Mr. Nasir Uddin Ahmed FCA appreciated

the service of the outgoing President, Vice

Presidents and the Council and the

cooperation of the general members of the

Institute. n


December 2008 12

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: 880-02-8119399 E-mail: [email protected] Website: www.icab-bd.org

Chittagong: HBFC Building (3rd Floor), 1/D, Agrabad Com. Area, Chittagong, Bangladesh Tel: 880-31-724674 Fax: 880-31-813579 E-mail: [email protected] Chapter: Suite One, 2 Haydons Road, London SW19 1HL, United Kingdom Tel: 44-020 8544 1234 Fax: 44-020-8544 1400 E-mail:[email protected] American Chapter: 5 Massey Square, Suite-2519, Toronto, Ontario M4C 5L6, Canada Tel: 416-686 6760 Fax: 416-916 1091 E-mail: [email protected]

Outgoing office bearers and incoming office bearers seen with Council Members in Annual General Meeting of ICAB.

ICAB 36th Annual General Meeting held

Mr Md Humayun Kabir FCA, President-ICAB giving address of welcome of 36th Annual General Meeting.

Documents

December 2008 ISSN 1993-5366 ICABNews Bulletin three decades. He was also Vice President-ICAB in 2004. Mr. Md. Syful Islam FCA, VP-2008, Member Council was re-elected Vice President-ICAB