ICAB NEWS BULLETIN Monthly News Brieﬁng from the Institute of Chartered Accountants of Bangladesh (ICAB) Muhammad Farooq Takes Over the Charge of ICAB President 2020

Number 362 January 2020 ICAB NEWS BULLETIN Monthly News Brieﬁng from the Institute of Chartered Accountants of Bangladesh (ICAB) Muhammad Farooq Takes over the Charge of ICAB President 2020

Muhammad Farooq Takes 1 over the.. President 2020 ACCA Team Met ICAB 2 President ICAB President Paid 2 Courtesy... IDRA Chairman CPD Seminar on ‘Challenges 3 in Corporate... Investment’ ICAB Held Advisory 3 Committee Meeting President’s Communica- 4 tion January 2020 uhammad Farooq FCA has taken over the charge of President of the Institute of Chartered Courtesy Call on 6 Executive Chairman BIDA MAccountants of Bangladesh (ICAB) for the year ICAB Family Day Out 6 2020 at a ceremony held at CA Bhaban on 6 January 2020 2020. Three Vice Presidents Sidhartha Barua FCA, Admission as Associate 7 Sabbir Ahmed FCA and Mohammed Forkan Uddin FCA have also resumed their respective offices for the same Admission as Fellows 7 tenure. After taking charge, the new President of ICAB Permission to Start 7 Practice has sought cooperation and urged all to work together Permission to Open CA 7 for the development of the institute. He urged ICAB Firm personnel to be instrumental for the activities of ICAB. Change of Address of 7 Mr. Farooq has been in the ICAB Council since 2013. Branch Office He served ICAB as Vice-President (F & A) in 2013. He Felicitation 7 chaired the Professional Development Committee Obituary 7 (PDC) and Real Estate Committee (REC) and was Campus News 8 active member of different standing and non-standing Committees of ICAB for 9 committees of Council-ICAB. Mr. Farooq became an 2020 Associate Member of ICAB in 1986 and a Fellow Technical Updates 15 Member in 1991. He did his graduation & masters from Certificate Course on 16 Dhaka University. IFRS At the session, the ICAB’s new office bearers opened Kamal World’s Best 18 Finance... Accolade the floor to hear from the employees. They took notes on different issues raised by the employees on the ICAB Team Met Chairman, 18 Financial Reporting Council development of ICAB and appreciated their cordial Stakeholders’ Meeting 18 engagements with the institute. Vice Presidents Regarding... Companies Act Sidhartha Barua FCA, Sabbir Ahmed FCA and DRC Distributed Blankets 18 Mohammed Forkan Uddin FCA also spoke on the occasion. BCACP Leaders Met 18 ICAB President ISSN 1993-5366 No. 362 January 2020

Editorial Note from ACCA Team Met ICAB President Chairman – Editorial Board

Dear Fellow Members and Friends

Assalamu alaikum and greetings to you all.

As we begin the year, it is our prayer for everyone to have a very happy and prosperous days ahead. team of ACCA met ICAB Manager during the meeting. They President Muhammad Farooq discussed the areas of mutual This year as we can see the winter is cooperation including scopes and staying a bit longer than usual and AFCA at CA Bhaban on 15 opportunities of members between the shifted from its original course. We can January 2020. The delegation from the two institutes. however, feel the change of local Association of Chartered Certified weather as is with the case of climate Accountants (ACCA) Bangladesh was ICAB Vice Presidents Sabbir Ahmed globally. led by Zarif Ludin, Head of Market FCA and Mohammed Forkan Uddin Partnership. He was accompanied by In this Bulletin, you will see pretty much FCA, Secretary & CEO Maj Gen the same news as how we start the year Its Country Head Ahsanul Haque Muhammad Imrul Quayes, ndc, psc everytime; starting with the call on and Bashar, Shafaat Ali Choyon, Senior (retd) and Director (Technical) Mahbub meeting of office bearers with the Business Development Manager and Ahmed Siddique FCA were also ministers, secretaries and Head of Prawma Tapashi Khan, Education present in the meeting. Regulatory Bodies. Of course, training activities is another part which are ongoing at ICAB. ICAB President Paid Courtesy Call on

Apart from our activities, dear readers, IDRA Chairman we cannot emphasis more than saying that with the outbreak of coronavirus, how much necessary it is to keep ourselves stay safe and remain watchful.

We pray Allmighty for his divine blessings to protect nations and human race free from such epidemic.

No more today, let us hope a successful year for us. Peace, prosperity and happiness to you all.

With Warm Regards

CAB Office Bearers paid a courtesy professional issues including quality call on Md. Shafiqur Rahman financial reporting in compliance with Dr. Md. Abu Sayed Khan FCA IPatwari, Chairman, Insurance financial reporting standards as Development & Regulatory Authority mandated for the insurance sector. (IDRA) at latter’s office on 15 January ICAB expressed its willingness to work 2020 to appraise the development of with IDRA and assured its full the institute and discussed cooperation.

2 No. 362 January 2020 CPD Seminar on ‘Challenges in Corporate Law and Reform to Attract Foreign Investment’ hattogram Regional Committee (CRC) of ICAB organised a C seminar on ‘Challenges in Corporate Law and Reform to Attract Foreign Investment’ on 11 January 2020 at Hotel Agrabad Ltd, Chattogram.

Mohibul Hasan Chowdhury (Nowfel) M.P., Hon’ble Deputy Minister, Ministry of Education, GoB was present as the Chief Guest.

Showkat Hossain FCA, Past President-ICAB and Senior Partner, Hoda Vasi Chowdhury & Co., Chartered Accountants was the Session Chairman of the conference. presented the Key-note paper. Sidhartha Advocate, Supreme Court of Barrister Tanjib-ul Alam, Advocate the Barua FCA, Vice President-ICAB and Bangladesh were present as Supreme Court of Bangladesh Barrister Anita Ghazi Rahman, discussants.

ICAB Held Advisory Committee Meeting Opportunity for ICAB Members/ Practicing CA Firms This is for information to all the ICAB Members / Practicing CA Firms looking for prospective Partners/ Qualified Assistants/ Qualified Directors or interested to join any n advisory committee meeting being compromised, student’s Practicing CA Firm may kindly was held on 29 January 2020 at enrolment, etc. were transacted in the contact in writing with AICAB Council Hall, CA Bhaban. meeting. The Institute recorded their Secretary & CEO-ICAB, Major ICAB office bearers and Past valuable suggestions on these issues. General Muhammad Imrul Presidents of the Institute participated ICAB President Muhammad Farooq Quayes, ndc, psc (Retd). in the meeting. The meeting was FCA thanked them for their presence ICAB will act as mediator to chaired by ABM Azizuddin FCA, Past and appreciated their thoughtful facilitate the process. President-ICAB. The issues like quality suggestions. Besides the Past Particulars of concerned audit, implementation of ICAB audit Presidents, ICAB Office Bearers and Members/CA Firms will be fees schedule, strengthening financial Secretary & CEO were present in the strength of the Institute, re-evaluation treated as confidential. meeting. of examination system without quality

3 No. 362 January 2020

FRC for the development of business in the development of various sectors of Dear members, you would be happy to and profession in coming days. economy and focusing the protection of learn that as part of the Action Plan for interest of the people of the land against 2020, we have agreed in a lively On January 29, to seek the knowledge the aggressive intrusion of foreign discussion of the first Committee and experiences from the past and to nationals in recent years. ICAB Vice meeting for Project Development & bridge the future, ICAB held its Advisory President Mr. Sabbir Ahmed FCA and Capacity Building to prioritize the project Committee meeting at CA Bhaban. Secretary & CEO Maj Gen Muhammad to be undertaken in the following order: ICAB office bearers and Past Presidents Imrul Quayes, ndc, psc (retd) of the Institute participated in the i. Strengthening Institutional accompanied me during the meeting. President’s meeting. The meeting was chaired by Mr. Capacity of ICAB ABM Aziz Uddin FCA, Past On January 15, a delegation from the ii. Establishment of a Specialized President-ICAB. The meeting discussed Association of Chartered Certified University- Chartered University the issues like quality audit, Accountants (ACCA) Bangladesh led Communication iii. Establishing a Second-tier implementation of ICAB audit fees by Mr. Zarif Ludin, Head of Market Professional Qualification schedule, strengthening financial Partnership, made a courtesy call on January 2020 strength of the Institute, re-evaluation of ICAB. We discussed the areas of mutual iv. Strengthening the Capacity of examination system without quality being cooperation, the scopes and Small and Medium Practices compromised, student’s enrolment, etc. I opportunities between the institutes and including the development of must thank our Past Presidents for their its members. ICAB Vice Presidents Mr. Audit Practice Software. time and provide valuable guidance. Sabbir Ahmed FCA and Mr. Mohammed v. Creation of Scholarship Fund Forkan Uddin FCA, Secretary & CEO On January 25, ICAB organized Maj Gen Muhammad Imrul Quayes, ndc, We need everyone’s participation to to enhance certificate course on IFRS psc (retd) and Director (Technical) Mr. execute the project work. the competence of professionals serving Mahbub Ahmed Siddique FCA were in key positions of financial sector in Meetings of Council and Standing & present in the discussion. Bangladesh. The training is designed to Non-standing Committees Dear Fellow Members are proud of Mr. Kamal who is a distinguished member of ICAB. acquire in-depth knowledge on the On January 15, we paid a courtesy call The following meetings of the Council, Assalamu Alaikum, Greetings to you all, preparation of financial statements in on Mr. Md. Shafiqur Rahman Patwari, Standing and Non-Standing Committees Now, let me highlight our activities for the compliances with IFRS and the specific Chairman, Insurance Development & At the beginning, I express my gratefulness of ICAB were held during the month of first month of the year. cases of IFRS applications. Professionals Regulatory Authority (IDRA) at his to Almighty Allah for bestowing me with the January 2020. from all areas of financial institutions, office to appraise the development of the responsibility to serve this prestigious After the take over as President, I along with Regulators & Auditors, High & Middle institute and discussed professional Standing Committees: Institute as President for 2020. My sincere other office bearers including Secretary & Level Professionals, Consultants dealing issues including quality financial - 1st Council Meeting was held on 11 thanks to the Members of the Council for CEO paid a number of courtesy calls on with Compliances and Reporting were the reporting in compliance with financial January 2020 at 2:00 pm. their confidence and electing me as the concerned ministers, secretaries, chiefs participants of course. reporting standards as mandated for the st president of the institute. Additionally, I would of regulatory bodies with a view to share - 1 Meeting of the Examination insurance sector. ICAB offered its full like to thank all the Members of this fraternity the importance and significance of our On January 23, I along with council Committee was held on 15 January cooperation in this regard. for electing me to the Council for consecutive profession in the development of business, member Mr. Md. Shahadat Hossain FCA 2020 at 6:00 pm. three terms since 2013. I also recall the hard economy and nation at large. We also participated in stakeholders’ meeting On January 14, a delegation led by me paid - 1st Meeting of the Executive work and sacrifices of our predecessors to conveyed our initiatives and efforts for the regarding the amendment of a courtesy call on Mr. Mohammad Muslim Committee (EC) was held on 22 bring the institute as what we are today. ongoing development of the institute and Companies Act particularly in relation to Chowdhury, Comptroller and Auditor January 2020 at 5:30 pm. the profession and sought their cooperation. forms & procedure of one person General of Bangladesh at latter’s office. Dear members, we have both challenges Non-standing Committees: company with a view to ease of doing We discussed concerned professional and opportunities. We shall have to work On 06 January, a team of ICAB led by me st business. The meeting was chaired by issues. Mr. Chowdhury expressed his - 1 Meeting of the Project unitedly to face any eventualities. We seek paid a courtesy call on Mr. CQK Mustaq Mr. Md. Anisul Haque, MP, hon’ble willingness to work jointly with ICAB for the Development & Capacity Building your cooperation to turn challenges into Ahmed, Chairman-Financial Reporting Minister, Law, Justice and Parliamentary development of the country’s overall audit (CPDCB) was held on 26 January opportunities. Council (FRC) at his office and discussed Affairs, Government of Bangladesh. profession. ICAB Vice Presidents Mr. 2020 at 5:30 pm. different professional issues specially on As you are aware, the different standing and Among others present in the meeting Sabbir Ahmed FCA, Mr. Mohammed st how the regulators can work together. A - 1 Meeting of the Professional non-standing committees of the Council were Finance Minister Mr. AHM Mustafa Forkan Uddin FCA and Secretary & CEO range of issues like the role of CAs in Development Committee (PDC) was 2020 have already been approved. However, Kamal FCA, Private Sector Industry and Maj Gen Muhammad Imrul Quayes, ndc, maintaining audit quality and strengthening held on 28 January 2020 at 6:00 pm. there are scopes to coopt members as the Investment Adviser to the Prime Minister, psc (retd) were present in the meeting. The st the ICAB’s monitoring system to CA Firms, - 1 Meeting of the Advisory Committee and Boards think necessary. I Mr. Salman F Rahman and Ex Commerce meetings focused on the scope of active involvement of ICAB in standard Committee Meeting was held on 29 hope, the chairmen and the members of Minister Mr. Tofail Ahmed, MP. We involvement of CAs in the quality audit settings including ICAB's contribution in the January 2020 at 6:00 pm. these committees will spare their valuable placed our proposals to make the law reporting of state owned entities. process of review, adoption, training and times for the development of the profession. more relevant and business friendly. Wishing you all the best dissemination of this standard over the On January 07; I along with the current Now on a different note, it is with great pride years, were discussed. The members of On January 16, We made a courtesy call and immediate past office bearers held a With Warm Regards that we congratulated Mr. AHM Mustafa ICAB team were Vice Presidents Mr. on Mr. Md. Sirazul Islam, Executive meeting with the employees of the Kamal FCA, Finance Minister, Sidhartha Barua FCA, Mr. Sabbir Ahmed Chairman, Bangladesh Investment Institute to discuss challenges and way Government of Bangladesh for being the and Mr. Mohammed Forkan Uddin FCA and Development Authority (BIDA) at his forward for the institute. We have been World’s Best Finance Minister and crowned Council Member Mr. Md. Shahadat Hossain office where we discussed various able to know some important areas with the Finance Minister of the Year for FCA. ICAB expressed its wholehearted professional issues and shared opinions where we need to put emphasis for the Muhammad Farooq FCA Asia Pacific and Global Award-2020. We intention to cooperate and work jointly with about the role of Chartered Accountants development of the institute. President

4 No. 362 January 2020

FRC for the development of business in the development of various sectors of Dear members, you would be happy to and profession in coming days. economy and focusing the protection of learn that as part of the Action Plan for interest of the people of the land against 2020, we have agreed in a lively On January 29, to seek the knowledge the aggressive intrusion of foreign discussion of the first Committee and experiences from the past and to nationals in recent years. ICAB Vice meeting for Project Development & bridge the future, ICAB held its Advisory President Mr. Sabbir Ahmed FCA and Capacity Building to prioritize the project Committee meeting at CA Bhaban. Secretary & CEO Maj Gen Muhammad to be undertaken in the following order: ICAB office bearers and Past Presidents Imrul Quayes, ndc, psc (retd) of the Institute participated in the i. Strengthening Institutional accompanied me during the meeting. meeting. The meeting was chaired by Mr. Capacity of ICAB ABM Aziz Uddin FCA, Past On January 15, a delegation from the ii. Establishment of a Specialized President-ICAB. The meeting discussed Association of Chartered Certified University- Chartered University the issues like quality audit, Accountants (ACCA) Bangladesh led iii. Establishing a Second-tier implementation of ICAB audit fees by Mr. Zarif Ludin, Head of Market Professional Qualification schedule, strengthening financial Partnership, made a courtesy call on strength of the Institute, re-evaluation of ICAB. We discussed the areas of mutual iv. Strengthening the Capacity of examination system without quality being cooperation, the scopes and Small and Medium Practices compromised, student’s enrolment, etc. I opportunities between the institutes and including the development of must thank our Past Presidents for their its members. ICAB Vice Presidents Mr. Audit Practice Software. time and provide valuable guidance. Sabbir Ahmed FCA and Mr. Mohammed v. Creation of Scholarship Fund Forkan Uddin FCA, Secretary & CEO On January 25, ICAB organized Maj Gen Muhammad Imrul Quayes, ndc, We need everyone’s participation to to enhance certificate course on IFRS psc (retd) and Director (Technical) Mr. execute the project work. the competence of professionals serving Mahbub Ahmed Siddique FCA were in key positions of financial sector in Meetings of Council and Standing & present in the discussion. Bangladesh. The training is designed to Non-standing Committees Dear Fellow Members are proud of Mr. Kamal who is a distinguished member of ICAB. acquire in-depth knowledge on the On January 15, we paid a courtesy call The following meetings of the Council, Assalamu Alaikum, Greetings to you all, preparation of financial statements in on Mr. Md. Shafiqur Rahman Patwari, Standing and Non-Standing Committees Now, let me highlight our activities for the compliances with IFRS and the specific Chairman, Insurance Development & At the beginning, I express my gratefulness of ICAB were held during the month of first month of the year. cases of IFRS applications. Professionals Regulatory Authority (IDRA) at his to Almighty Allah for bestowing me with the January 2020. from all areas of financial institutions, office to appraise the development of the responsibility to serve this prestigious After the take over as President, I along with Regulators & Auditors, High & Middle institute and discussed professional Standing Committees: Institute as President for 2020. My sincere other office bearers including Secretary & Level Professionals, Consultants dealing issues including quality financial - 1st Council Meeting was held on 11 thanks to the Members of the Council for CEO paid a number of courtesy calls on with Compliances and Reporting were the reporting in compliance with financial January 2020 at 2:00 pm. their confidence and electing me as the concerned ministers, secretaries, chiefs participants of course. reporting standards as mandated for the st president of the institute. Additionally, I would of regulatory bodies with a view to share - 1 Meeting of the Examination insurance sector. ICAB offered its full like to thank all the Members of this fraternity the importance and significance of our On January 23, I along with council Committee was held on 15 January cooperation in this regard. for electing me to the Council for consecutive profession in the development of business, member Mr. Md. Shahadat Hossain FCA 2020 at 6:00 pm. three terms since 2013. I also recall the hard economy and nation at large. We also participated in stakeholders’ meeting On January 14, a delegation led by me paid - 1st Meeting of the Executive work and sacrifices of our predecessors to conveyed our initiatives and efforts for the regarding the amendment of a courtesy call on Mr. Mohammad Muslim Committee (EC) was held on 22 bring the institute as what we are today. ongoing development of the institute and Companies Act particularly in relation to Chowdhury, Comptroller and Auditor January 2020 at 5:30 pm. the profession and sought their cooperation. forms & procedure of one person General of Bangladesh at latter’s office. Dear members, we have both challenges Non-standing Committees: company with a view to ease of doing We discussed concerned professional and opportunities. We shall have to work On 06 January, a team of ICAB led by me st business. The meeting was chaired by issues. Mr. Chowdhury expressed his - 1 Meeting of the Project unitedly to face any eventualities. We seek paid a courtesy call on Mr. CQK Mustaq Mr. Md. Anisul Haque, MP, hon’ble willingness to work jointly with ICAB for the Development & Capacity Building your cooperation to turn challenges into Ahmed, Chairman-Financial Reporting Minister, Law, Justice and Parliamentary development of the country’s overall audit (CPDCB) was held on 26 January opportunities. Council (FRC) at his office and discussed Affairs, Government of Bangladesh. profession. ICAB Vice Presidents Mr. 2020 at 5:30 pm. different professional issues specially on As you are aware, the different standing and Among others present in the meeting Sabbir Ahmed FCA, Mr. Mohammed st how the regulators can work together. A - 1 Meeting of the Professional non-standing committees of the Council were Finance Minister Mr. AHM Mustafa Forkan Uddin FCA and Secretary & CEO range of issues like the role of CAs in Development Committee (PDC) was 2020 have already been approved. However, Kamal FCA, Private Sector Industry and Maj Gen Muhammad Imrul Quayes, ndc, maintaining audit quality and strengthening held on 28 January 2020 at 6:00 pm. there are scopes to coopt members as the Investment Adviser to the Prime Minister, psc (retd) were present in the meeting. The st the ICAB’s monitoring system to CA Firms, - 1 Meeting of the Advisory Committee and Boards think necessary. I Mr. Salman F Rahman and Ex Commerce meetings focused on the scope of active involvement of ICAB in standard Committee Meeting was held on 29 hope, the chairmen and the members of Minister Mr. Tofail Ahmed, MP. We involvement of CAs in the quality audit settings including ICAB's contribution in the January 2020 at 6:00 pm. these committees will spare their valuable placed our proposals to make the law reporting of state owned entities. process of review, adoption, training and times for the development of the profession. more relevant and business friendly. Wishing you all the best dissemination of this standard over the On January 07; I along with the current Now on a different note, it is with great pride years, were discussed. The members of On January 16, We made a courtesy call and immediate past office bearers held a With Warm Regards that we congratulated Mr. AHM Mustafa ICAB team were Vice Presidents Mr. on Mr. Md. Sirazul Islam, Executive meeting with the employees of the Kamal FCA, Finance Minister, Sidhartha Barua FCA, Mr. Sabbir Ahmed Chairman, Bangladesh Investment Institute to discuss challenges and way Government of Bangladesh for being the and Mr. Mohammed Forkan Uddin FCA and Development Authority (BIDA) at his forward for the institute. We have been World’s Best Finance Minister and crowned Council Member Mr. Md. Shahadat Hossain office where we discussed various able to know some important areas with the Finance Minister of the Year for FCA. ICAB expressed its wholehearted professional issues and shared opinions where we need to put emphasis for the Muhammad Farooq FCA Asia Pacific and Global Award-2020. We intention to cooperate and work jointly with about the role of Chartered Accountants development of the institute. President

5 FRC for the development of business in the development of various sectors of Dear members, you would be happy to and profession in coming days. economy and focusing the protection of learn that as part of the Action Plan for interest of the people of the land against 2020, we have agreed in a lively On January 29, to seek the knowledge the aggressive intrusion of foreign discussion of the first Committee and experiences from the past and to nationals in recent years. ICAB Vice meeting for Project Development & bridge the future, ICAB held its Advisory President Mr. Sabbir Ahmed FCA and Capacity Building to prioritize the project Committee meeting at CA Bhaban. Secretary & CEO Maj Gen Muhammad to be undertaken in the following order: ICAB office bearers and Past Presidents Imrul Quayes, ndc, psc (retd) of the Institute participated in the i. Strengthening Institutional accompanied me during the meeting. meeting. The meeting was chaired by Mr. Capacity of ICAB ABM Aziz Uddin FCA, Past On January 15, a delegation from the ii. Establishment of a Specialized President-ICAB. The meeting discussed Association of Chartered Certified University- Chartered University the issues like quality audit, Accountants (ACCA) Bangladesh led iii. Establishing a Second-tier implementation of ICAB audit fees by Mr. Zarif Ludin, Head of Market Professional Qualification schedule, strengthening financial Partnership, made a courtesy call on strength of the Institute, re-evaluation of ICAB. We discussed the areas of mutual iv. Strengthening the Capacity of examination system without quality being cooperation, the scopes and Small and Medium Practices compromised, student’s enrolment, etc. I opportunities between the institutes and including the development of must thank our Past Presidents for their its members. ICAB Vice Presidents Mr. Audit Practice Software. time and provide valuable guidance. Sabbir Ahmed FCA and Mr. Mohammed v. Creation of Scholarship Fund Forkan Uddin FCA, Secretary & CEO On January 25, ICAB organized Maj Gen Muhammad Imrul Quayes, ndc, We need everyone’s participation to to enhance certificate course on IFRS psc (retd) and Director (Technical) Mr. execute the project work. the competence of professionals serving Mahbub Ahmed Siddique FCA were in key positions of financial sector in Meetings of Council and Standing & present in the discussion. Bangladesh. The training is designed to Non-standing Committees Dear Fellow Members are proud of Mr. Kamal who is a distinguished member of ICAB. acquire in-depth knowledge on the On January 15, we paid a courtesy call The following meetings of the Council, Assalamu Alaikum, Greetings to you all, preparation of financial statements in on Mr. Md. Shafiqur Rahman Patwari, Standing and Non-Standing Committees Now, let me highlight our activities for the compliances with IFRS and the specific Chairman, Insurance Development & At the beginning, I express my gratefulness of ICAB were held during the month of first month of the year. cases of IFRS applications. Professionals Regulatory Authority (IDRA) at his to Almighty Allah for bestowing me with the January 2020. from all areas of financial institutions, office to appraise the development of the responsibility to serve this prestigious After the take over as President, I along with Regulators & Auditors, High & Middle institute and discussed professional Standing Committees: Institute as President for 2020. My sincere other office bearers including Secretary & Level Professionals, Consultants dealing issues including quality financial - 1st Council Meeting was held on 11 thanks to the Members of the Council for CEO paid a number of courtesy calls on with Compliances and Reporting were the reporting in compliance with financial January 2020 at 2:00 pm. their confidence and electing me as the concerned ministers, secretaries, chiefs participants of course. reporting standards as mandated for the st president of the institute. Additionally, I would of regulatory bodies with a view to share - 1 Meeting of the Examination insurance sector. ICAB offered its full like to thank all the Members of this fraternity the importance and significance of our On January 23, I along with council Committee was held on 15 January cooperation in this regard. for electing me to the Council for consecutive profession in the development of business, member Mr. Md. Shahadat Hossain FCA 2020 at 6:00 pm. three terms since 2013. I also recall the hard economy and nation at large. We also participated in stakeholders’ meeting On January 14, a delegation led by me paid - 1st Meeting of the Executive work and sacrifices of our predecessors to conveyed our initiatives and efforts for the regarding the amendment of a courtesy call on Mr. Mohammad Muslim Committee (EC) was held on 22 bring the institute as what we are today. ongoing development of the institute and Companies Act particularly in relation to Chowdhury, Comptroller and Auditor January 2020 at 5:30 pm. the profession and sought their cooperation. forms & procedure of one person General of Bangladesh at latter’s office. Dear members, we have both challenges Non-standing Committees: company with a view to ease of doing We discussed concerned professional and opportunities. We shall have to work On 06 January, a team of ICAB led by me st business. The meeting was chaired by issues. Mr. Chowdhury expressed his - 1 Meeting of the Project unitedly to face any eventualities. We seek paid a courtesy call on Mr. CQK Mustaq Mr. Md. Anisul Haque, MP, hon’ble willingness to work jointly with ICAB for the Development & Capacity Building your cooperation to turn challenges into Ahmed, Chairman-Financial Reporting Minister, Law, Justice and Parliamentary development of the country’s overall audit (CPDCB) was held on 26 January opportunities. Council (FRC) at his office and discussed Affairs, Government of Bangladesh. profession. ICAB Vice Presidents Mr. 2020 at 5:30 pm. different professional issues specially on As you are aware, the different standing and Among others present in the meeting Sabbir Ahmed FCA, Mr. Mohammed st how the regulators can work together. A - 1 Meeting of the Professional non-standing committees of the Council were Finance Minister Mr. AHM Mustafa Forkan Uddin FCA and Secretary & CEO range of issues like the role of CAs in Development Committee (PDC) was 2020 have already been approved. However, Kamal FCA, Private Sector Industry and Maj Gen Muhammad Imrul Quayes, ndc, maintaining audit quality and strengthening held on 28 January 2020 at 6:00 pm. there are scopes to coopt members as the Investment Adviser to the Prime Minister, psc (retd) were present in the meeting. The st the ICAB’s monitoring system to CA Firms, - 1 Meeting of the Advisory Committee and Boards think necessary. I Mr. Salman F Rahman and Ex Commerce meetings focused on the scope of active involvement of ICAB in standard Committee Meeting was held on 29 hope, the chairmen and the members of Minister Mr. Tofail Ahmed, MP. We involvement of CAs in the quality audit settings including ICAB's contribution in the January 2020 at 6:00 pm. these committees will spare their valuable placed our proposals to make the law reporting of state owned entities. process of review, adoption, training and times for the development of the profession. more relevant and business friendly. Wishing you all the best dissemination of this standard over the On January 07; I along with the current Now on a different note, it is with great pride years, were discussed. The members of On January 16, We made a courtesy call and immediate past office bearers held a With Warm Regards that we congratulated Mr. AHM Mustafa ICAB team were Vice Presidents Mr. on Mr. Md. Sirazul Islam, Executive meeting with the employees of the Kamal FCA, Finance Minister, Sidhartha Barua FCA, Mr. Sabbir Ahmed Chairman, Bangladesh Investment Institute to discuss challenges and way Government of Bangladesh for being the and Mr. Mohammed Forkan Uddin FCA and Development Authority (BIDA) at his forward for the institute. We have been World’s Best Finance Minister and crowned Council Member Mr. Md. Shahadat Hossain office where we discussed various able to know some important areas with the Finance Minister of the Year for FCA. ICAB expressed its wholehearted professional issues and shared opinions where we need to put emphasis for the Muhammad Farooq FCA Asia Pacific and Global Award-2020. We intention to cooperate and work jointly with about the role of Chartered Accountants development of the institute. President

No. 362 January 2020 Courtesy Call on Executive Chairman BIDA CAB Office Bearers led by President Muhammad Farooq FCA paid a courtesy call on Md. Sirazul Islam, Executive I Chairman, Bangladesh Investment Development Authority (BIDA) at latter’s office on 16 January 2020. The meeting discussed professional issues sharing opinions about the role of Chartered Accountants in the development of various sectors of economy. The meeting also focused on the necessity to protect the interest of the people of the land against the aggressive intrusion of foreign nationals in job sectors in recent years.

ICAB Vice President Sabbir Ahmed FCA and Secretary & CEO Maj Gen Muhammad Imrul Quayes, ndc, psc (retd) were present at the meeting.

ICAB Family Day Out 2020 CAB arranged its annual picnic for the to spend enjoyable time. The Event while different types of games and staffs and their families titled ‘ICAB management firm was tasked to make funfairs took place one after the other. I Family Day Out 2020’ on 24 January the arrangements of food, decoration After the delicious lunch, a cultural 2020. It was an well organised program. and related services. program followed and prizes were The venue was Barnochhata Picnic distributed to the winners. The lucky The whole day passed with fun alfresco Spot, Jirabo, Yarpur, Ashulia, a persons of ICAB Family Day was and fervor. There were arrangements of 100-minute drive from the Dhaka city. It announced. An eye popping raffle draw various games including cricket was a journey started in the morning at were held amidst enthusiasm. All eyes tournament in which the picnickers; 05:30 a.m. and arrived the garden by were set to the rotation of raffle draw 10.00 a.m. The garden cum rest house employees, spouses and children box. With the sunset, everybody was was surrounded by mesmerising natural participated and drew out a fun games. seemed so satisfying and returned back beauties. It has the bounty of amenities The picnic buzz engulfed the whole spot to Dhaka happily with fresh mood.

6 FRC for the development of business in the development of various sectors of Dear members, you would be happy to and profession in coming days. economy and focusing the protection of learn that as part of the Action Plan for interest of the people of the land against 2020, we have agreed in a lively On January 29, to seek the knowledge the aggressive intrusion of foreign discussion of the first Committee and experiences from the past and to nationals in recent years. ICAB Vice meeting for Project Development & bridge the future, ICAB held its Advisory President Mr. Sabbir Ahmed FCA and Capacity Building to prioritize the project Committee meeting at CA Bhaban. Secretary & CEO Maj Gen Muhammad to be undertaken in the following order: ICAB office bearers and Past Presidents Imrul Quayes, ndc, psc (retd) of the Institute participated in the i. Strengthening Institutional accompanied me during the meeting. meeting. The meeting was chaired by Mr. Capacity of ICAB ABM Aziz Uddin FCA, Past On January 15, a delegation from the ii. Establishment of a Specialized President-ICAB. The meeting discussed Association of Chartered Certified University- Chartered University the issues like quality audit, Accountants (ACCA) Bangladesh led iii. Establishing a Second-tier implementation of ICAB audit fees by Mr. Zarif Ludin, Head of Market Professional Qualification schedule, strengthening financial Partnership, made a courtesy call on strength of the Institute, re-evaluation of ICAB. We discussed the areas of mutual iv. Strengthening the Capacity of examination system without quality being cooperation, the scopes and Small and Medium Practices compromised, student’s enrolment, etc. I opportunities between the institutes and including the development of must thank our Past Presidents for their its members. ICAB Vice Presidents Mr. Audit Practice Software. time and provide valuable guidance. Sabbir Ahmed FCA and Mr. Mohammed v. Creation of Scholarship Fund Forkan Uddin FCA, Secretary & CEO On January 25, ICAB organized Maj Gen Muhammad Imrul Quayes, ndc, We need everyone’s participation to to enhance certificate course on IFRS psc (retd) and Director (Technical) Mr. execute the project work. the competence of professionals serving Mahbub Ahmed Siddique FCA were in key positions of financial sector in Meetings of Council and Standing & present in the discussion. Bangladesh. The training is designed to Non-standing Committees Dear Fellow Members are proud of Mr. Kamal who is a distinguished member of ICAB. acquire in-depth knowledge on the On January 15, we paid a courtesy call The following meetings of the Council, Assalamu Alaikum, Greetings to you all, preparation of financial statements in on Mr. Md. Shafiqur Rahman Patwari, Standing and Non-Standing Committees Now, let me highlight our activities for the compliances with IFRS and the specific Chairman, Insurance Development & At the beginning, I express my gratefulness of ICAB were held during the month of first month of the year. cases of IFRS applications. Professionals Regulatory Authority (IDRA) at his to Almighty Allah for bestowing me with the January 2020. from all areas of financial institutions, office to appraise the development of the responsibility to serve this prestigious After the take over as President, I along with Regulators & Auditors, High & Middle institute and discussed professional Standing Committees: Institute as President for 2020. My sincere other office bearers including Secretary & Level Professionals, Consultants dealing issues including quality financial - 1st Council Meeting was held on 11 thanks to the Members of the Council for CEO paid a number of courtesy calls on with Compliances and Reporting were the reporting in compliance with financial January 2020 at 2:00 pm. their confidence and electing me as the concerned ministers, secretaries, chiefs participants of course. reporting standards as mandated for the st president of the institute. Additionally, I would of regulatory bodies with a view to share - 1 Meeting of the Examination insurance sector. ICAB offered its full like to thank all the Members of this fraternity the importance and significance of our On January 23, I along with council Committee was held on 15 January cooperation in this regard. for electing me to the Council for consecutive profession in the development of business, member Mr. Md. Shahadat Hossain FCA 2020 at 6:00 pm. three terms since 2013. I also recall the hard economy and nation at large. We also participated in stakeholders’ meeting On January 14, a delegation led by me paid - 1st Meeting of the Executive work and sacrifices of our predecessors to conveyed our initiatives and efforts for the regarding the amendment of a courtesy call on Mr. Mohammad Muslim Committee (EC) was held on 22 bring the institute as what we are today. ongoing development of the institute and Companies Act particularly in relation to Chowdhury, Comptroller and Auditor January 2020 at 5:30 pm. the profession and sought their cooperation. forms & procedure of one person General of Bangladesh at latter’s office. Dear members, we have both challenges Non-standing Committees: company with a view to ease of doing We discussed concerned professional and opportunities. We shall have to work On 06 January, a team of ICAB led by me st business. The meeting was chaired by issues. Mr. Chowdhury expressed his - 1 Meeting of the Project unitedly to face any eventualities. We seek paid a courtesy call on Mr. CQK Mustaq Mr. Md. Anisul Haque, MP, hon’ble willingness to work jointly with ICAB for the Development & Capacity Building your cooperation to turn challenges into Ahmed, Chairman-Financial Reporting Minister, Law, Justice and Parliamentary development of the country’s overall audit (CPDCB) was held on 26 January opportunities. Council (FRC) at his office and discussed Affairs, Government of Bangladesh. profession. ICAB Vice Presidents Mr. 2020 at 5:30 pm. different professional issues specially on As you are aware, the different standing and Among others present in the meeting Sabbir Ahmed FCA, Mr. Mohammed st how the regulators can work together. A - 1 Meeting of the Professional non-standing committees of the Council were Finance Minister Mr. AHM Mustafa Forkan Uddin FCA and Secretary & CEO range of issues like the role of CAs in Development Committee (PDC) was 2020 have already been approved. However, Kamal FCA, Private Sector Industry and Maj Gen Muhammad Imrul Quayes, ndc, maintaining audit quality and strengthening held on 28 January 2020 at 6:00 pm. there are scopes to coopt members as the Investment Adviser to the Prime Minister, psc (retd) were present in the meeting. The st the ICAB’s monitoring system to CA Firms, - 1 Meeting of the Advisory Committee and Boards think necessary. I Mr. Salman F Rahman and Ex Commerce meetings focused on the scope of active involvement of ICAB in standard Committee Meeting was held on 29 hope, the chairmen and the members of Minister Mr. Tofail Ahmed, MP. We involvement of CAs in the quality audit settings including ICAB's contribution in the January 2020 at 6:00 pm. these committees will spare their valuable placed our proposals to make the law reporting of state owned entities. process of review, adoption, training and times for the development of the profession. more relevant and business friendly. Wishing you all the best dissemination of this standard over the On January 07; I along with the current Now on a different note, it is with great pride years, were discussed. The members of On January 16, We made a courtesy call and immediate past office bearers held a With Warm Regards that we congratulated Mr. AHM Mustafa ICAB team were Vice Presidents Mr. on Mr. Md. Sirazul Islam, Executive meeting with the employees of the Kamal FCA, Finance Minister, Sidhartha Barua FCA, Mr. Sabbir Ahmed Chairman, Bangladesh Investment Institute to discuss challenges and way Government of Bangladesh for being the and Mr. Mohammed Forkan Uddin FCA and Development Authority (BIDA) at his forward for the institute. We have been World’s Best Finance Minister and crowned Council Member Mr. Md. Shahadat Hossain office where we discussed various able to know some important areas with the Finance Minister of the Year for FCA. ICAB expressed its wholehearted professional issues and shared opinions where we need to put emphasis for the Muhammad Farooq FCA Asia Pacific and Global Award-2020. We intention to cooperate and work jointly with about the role of Chartered Accountants development of the institute. President

No. 362 January 2020

Admission as Associate Felicitation The following member has been admitted as Associate of the Institute with effect from the date mentioned against his name: Name Effective Date Md. Ariful Islam Bhuiyan ACA (2007) 19 December 2019 Financial Accountant (AVP Level) Global Markets Financial Control Bank of Ireland Group 5th Floor- Baggot Plaza 27-33 Upper Baggot Street Ballsbridge, Dublin 4, DO4 VX58 Representatives from the National Life Insurance Co Ltd. Admission as Fellow greeted Newly Elected ICAB President Mohammad Farooq FCA. The following member has been admitted as Fellow of the Institute with effect from the date mentioned against his name: Name Effective Date Hasina Deen Rizvi FCA (1487) 05 January 2020 Company Secretary National Energy Services Ltd. Progress Tower (Level-3) House # 01, Road # 23 Gulshan-1, Dhaka-1212 Permission to Start Practice The following member has been permitted to Start Practice as Chattogram Regional Committee (CRC) congratulated Public Accountant with effect from the date mentioned against Newly Elected ICAB President with flower bouquet. his name: Name Effective Date Moddassar Ahmed Siddique FCA (722) 10 January 2020 Obituary Proprietor Moddassar A Siddique & Co. Shahriar Hossain Molla Chartered Accountants FCA, (Enrl. No. 147) FACY Building (4th floor) passed away on 28 Janu- 87, Agrabad C/A, Chattogram ary 2020 at a local hospital Permission to Open CA Firm in Dhaka. He was 76. (Innah Lillahe... Rajeun). , Chartered Accountants has Moddassar A Siddique & Co. He left behind his wife, two been permitted to open a CA Firm at Agrabad C/A with sons, one daughter and a Moddassar Ahmed Siddique FCA (722), as proprietor. Details are as follows: host of relatives and Name and Address Effective Date friends to mourn his death. Moddassar A Siddique & Co. 10 January 2020 He passed chartered Shahriar Hossain Molla FCA Chartered Accountants accountancy from FACY Building (4th floor) Rahman Rahman Huq (RRH), Chartered Accountans in 87, Agrabad C/A, Chattogram 1978. During his 38 years long career he worked for Change of Address of Branch Office Erstwhile Burma Eastern Co., Bangladesh Textile Mills Corporation, Biman Bangladesh Airlines, National Oil Name & New Address Effective Date Corporation (Libya), Pacific Telecom Bangladesh Ltd., Islam Quazi Shafique & Co. 10 October 2019 Rangs Group in various capacities. Chartered Accountants On behalf of the Council of ICAB, President Muhammad 26 ABC SkyRise Tower (6th floor) 6B Unit, Shahjalal Avenue Road Farooq FCA expressed condolence to the bereaved Sector-4, Uttara, Dhaka family and sought eternal peace to the departed soul.

7 No. 362 January 2020

ICAB Academic Campus News Furthermore, a- short course on English Maria Howlader FCA, Md Abdul Kader Language (3rd Batch) for the CA Joaddar FCA and Members of DRC also The regular session for the students of students in order to enhance the skills & attended the event. Certificate Level (Evening Shift, 3rd capacities of English Language will start STANDING COMMITTEES-2020 SK. Md. Tarikul Islam FCA (1238) Members As Chief Guest, President of ICAB, Batch, Sections: A-F) started on 22 from 01 March 2020 from 3:00pm to Executive Committee SK. Ashik Iqbal FCA (1310) Mohammed Forkan Uddin FCA Muhammad Farooq FCA, unveiled the December 2019 at ICAB- Academic 6:00pm at ICAB-Academic Campus Chairman: Muhammad Farooq FCA Ashraf Uz-Zaman Ali FCA (1518) Dr. Md. Abu Sayed Khan FCA Souvenir of the event and addressed the Campus and will continue till 21 March under the banner of Bangladesh Kamruzzaman ACA (1691) Kamrul Abedin FCA gatherings. He added that value of Members 2020. There are 323 students and 57 Chartered Accountancy Chatra Parishad Member Secretary: Md. Saiful Islam Nasir Uddin Ahmed FCA Saraswati Puja would inspire the Mohammed Forkan Uddin FCA teachers in the course. All the students (BCACP) and financed by the Dhaka FCA, Senior Deputy Director Md. Shahadat Hossain FCA students to do better in all their Sabbir Ahmed FCA are the fresh candidates for the Regional Committee (DRC)-ICAB. Akhtar Sohel Kasem FCA (Regulatory Affairs)-ICAB Gopal Chandra Ghosh FCA learnings. This occasion gives an Examination Session: May-June 2020. Md. Humayun Kabir FCA Md. Abdul Kader Joaddar FCA Meanwhile, Bani Archana of Saraswati opportunity for all to get together and Articled Students Committee A F Nesaruddin FCA Md. Moniruzzaman FCA The cumulative number of participated Puja-2020 was arranged by ICAB-Puja express harmony amongst all. The Chairman: Mohammed Forkan Uddin FCA Kamrul Abedin FCA Mahmudul Hasan Khusru FCA students in the classes of ICAB are now Udjapan Parishad on Thursday, January programme was followed by a cultural Co-Chairman: Md. Moniruzzaman FCA Adeeb Hossain Khan FCA Maria Howlader FCA 17013, until January 31, 2020. 30, 2020 at ICAB-Academic Campus. show. Md. Moniruzzaman FCA Members Md. Abdus Salam FCA (570) Students, teachers, members of the The regular session for the students of In regards to admin work, the process of Member Secretary: Maj Gen Akhtar Sohel Kasem FCA Md. Shafiqul Islam FCA (595) Institute of Hindu community performed Professional Level (4th Batch) and setting of Electrical Sub-Station @ Muhammad Imrul Quayes, ndc, psc Dr. Md. Abu Sayed Khan FCA Md. Shafiqul Alam FCA (603) their rituals. The office bearers, past Advanced Level (4th Batch) are going to Campus is expected to completed by (retd), Secretary & CEO-ICAB Kamrul Abedin FCA Akhtar Sanjida Kasem FCA (643) presidents and members’ council of Md. Shahadat Hossain FCA start from Sunday, 16 February 2020 at February 2020. Md. Raghib Ahsan FCA (689) ICAB, were also invited to the Examination Committee Md. Mahamud Hosain FCA ICAB-Academic Campus. A Notice has Md. Rokonuzzaman FCA (739) programme. Ajit Kumar Paul FCA and Chairman: Muhammad Farooq FCA Maria Howlader FCA already been issued in this regard and Snehasish Barua FCA (894) Ramendra Nath Basak FCA, President Co-Chairman: Md. Humayun Kabir FCA Chitta Ranjan Mazumder FCA (178) all the students are advised to enroll for Asifur Rahman FCA (904) and Secretary of Puja Parishad led the Members Md. Shafiqul Alam FCA (603) the classes by 13 February 2020. Mohammed Hamidul Islam FCA (912) colourful programme. Announcement Sidhartha Barua FCA Akhtar Sanjida Kasem FCA (643) (Classes of Next Session) Md. Abdur Rouf FCA (918) Nasir Uddin Ahmed FCA Snehasish Barua FCA (894) The new session of Day Time- President-ICAB, Muhammad Farooq Sabbir Ahmed FCA (937) Gopal Chandra Ghosh FCA Asifur Rahman FCA (904) Certificate Level (3rd Batch) would begin FCA joined along with a- Team [Vice The regular Pre-examination Binoy Gopal Roy FCA (965) Md. Abdul Kader Joaddar FCA Mohammed Hamidul Islam FCA (912) from Sunday, 15 March 2019 and the Classes (Session: March-May Md. Yasin Miah FCA (1001) President (E&E)- ICAB, Sidhartha Barua Mahmudul Hasan Khusru FCA Md. Ashraful Haque FCA (976) last date of enrolment is Thursday, 12 2020) for the students of FCA, Vice President (OMS), MBM Lutful Hadee FCA (1006) MBM Lutful Hadee FCA (1006) Professional Level (4th Batch) Maria Howlader FCA March 2020. Through a- special notice, Mohammed Forkan Uddin FCA, Past Rakesh Saha FCA (1011) Biplob Kanti Banik FCA (1173) and Advanced Level (4th Batch) Member Secretary: Md. Afzal all practicing members of the Institute President-ICAB, Anil Chandra Nath FCA Fouzia Haque FCA (1032) Md. Abdur Razzaque FCA (1196) are going to start from 16 Hossain,Controller of have been requested to kindly notify & Members Council -ICAB, Md Md. Zillur Rahman FCA (1040) SK. Md. Tarikul Islam FCA (1238) February 2020 at ICAB- Academic Examinations-ICAB their students and permit them to attend Shahadat Hossain FCA, Gopal Chandra Pronoy Kumer Biswas FCA (1081) Ashraful Haq Amin FCA (1265) Campus, 51-53, Kazi Nazrul Islam day shift classes as per schedule. Ghosh FCA, Md Moniruzzaman FCA, Investigation & Disciplinary Muhammad Aminul Hoque FCA (1129) Md. Anwaruzzaman FCA (1268) Avenue, Kawran Bazar Committee Ali Akhter Rezvi FCA (1183) Mohammad Touhidur Rahman FCA (1279) Commercial Area, Dhaka-1215. A Chairman: Sheikh A. Hafiz FCA Muraheb Malik Chowdhury FCA (1186) Md. Alauddin FCA (1280) Notice has been issued in this Co-Chairman: A F Nesaruddin FCA Syed Muhammad Rahmatul Mujeeb FCA (1252) Sk. Ashik Iqbal FCA (1310) regard and all concerned students Members Md. Anwaruzzaman FCA (1268) Md. Anwar Hossain FCA (1415) are advised to enroll, for the Sidhartha Barua FCA Mohammad Touhidur Rahman FCA (1279) Mahmudur Rahman FCA (1491) classes by 13 February 2020. Md. Nurul Haque FCA (195) Sk. Ashik Iqbal FCA (1310) Shaikh Hasibur Rahman FCA (1512) On the other hand, the new Shayema Akter FCA (1413) Md. Aminur Rahman Chowdhury FCA (228) Wasequl Huq Reagan FCA (1517) session of Day Time Classes for Nirmal Chandra Biswas FCA (1438) Md. Shahjahan Majumder FCA (571) Ashraf-Uz-Zaman Ali ACA (1518) Certificate Level (4th Batch) will Ramdas Howlader FCA (1457) Mohammad Hamidur Rashid FCA (607) Sukanta Bhattacharjee FCA (1550) commence on Sunday, 15 March Romana Ahmed FCA (1494) Md. Rokonuzzaman FCA (739) Md. Mahedi Hasan FCA (1664) 2020 at ICAB- Academic Wasequl Huq Reagan FCA (1517) Saiful Huq FCA (746) Bhola Nath Kundu ACA (1782) Campus, 51-53, Kazi Nazrul Naima Sultana ACA (1688) Prof. Maksudur Rahman Sharker, Islam Avenue, Kawran Bazar Jeenat Jahan Dipty FCA (753) AKM Mesbahul Karim ACA (1689) Accounting & Information Systems Commercial Area, Dhaka-1215. N I Chowdhury FCA (766) Wasik Abdullah Momit ACA (1965) (AIS), Faculty of Business Studies, All practicing members of the Mohammad Zahid Hossain FCA (808) Member Secretary: Afseen Baten University of Dhaka Institute entitled to train articled Masud Parvez FCA (835) ACA, Deputy Director (Professional students have been requested to Snehasish Barua FCA (894) Conduct - Processing, Review & Prof. Dr. Mizanur Rahman, Accounting kindly notify their students to Md. Selim Reza FCA (939) Evaluation)-ICAB & Information Systems (AIS), Faculty of Business Studies, register for the classes by 12 Binoy Gopal Roy FCA (965) Technical & Research March 2020 and allow them to MBM Lutful Hadee FCA (1006) Committee University of Dhaka Member Secretary: Mahbub Ahmed join the day shift classes as per Sabuj Hossain Chowdhury FCA (1119) Chairman: Sabbir Ahmed FCA schedule. Md. Monjurul Ahmed FCA (1161) Co-Chairman: Md. Mahamud Hosain FCA Siddique FCA, Director (Technical)-ICAB Source: ICAB Campus Md. Ali Akther Rezvi FCA (1183)

Board of Studies Syed Mahmud Ahmad FCA (586) Moklesur Rahman FCA (1568) AKM Mizanur Rahman FCA (438) Members Mohammed Forkan Uddin FCA Chairman: ABM Azizuddin FCA Md. Shafiqul Alam FCA (603) Md Sayduzzaman Tuhin FCA (1594) Muhammed Farhad Hussain FCA (452) Sidhartha Barua FCA Akhtar Sohel Kasem FCA Co-Chairman: Sidhartha Barua FCA Humayun Bokhteyar FCA (631) Md. Umor Farooque ACA (1834) Md Enamul Haque Choudhury FCA (471) Sabbir Ahmed FCA Dr. Md Abu Sayed Khan FCA Md. Harun-or-Rashid FCA (697) Md. Mosharof Hossen ACA (1942) Syed Mahmud Ahmad FCA (586) A F Nesaruddin FCA Md. Humayun Kabir FCA Members Mohammed Neaz Mohammed FCA (763) Member Secretary: SM Abu Nayem Mohammad Hamidur Rashid FCA (607) Kamrul Abedin FCA Kamrul Abedin FCA Md. Abdul Kader Joaddar FCA Tofazzal Islam Talukdar FCA (608) Md Mahsudur Rahman FCA (815) Ahmed, Senior Deputy Director Adeeb Hossain Khan FCA Gopal Chandra Ghosh FCA Md. Moniruzzaman FCA Mohammed Tofazzul Hussain FCA (848) (Admin, Estate, Press & Humayun Bokhteyar FCA (631) N K A Mobin FCA Mahmudul Hasan Khusru FCA Md. Abdul Kader Joaddar FCA Ajit Kumar Paul FCA (908) Publication)-ICAB Mallick Md Shamsul Alam FCA (676) Md. Shahadat Hossain FCA Maria Howlader FCA Md. Moniruzzaman FCA Md. Anwar Hossain Chowdhury FCA (931) Md Atikur Rahman FCA (715) Dr. Md. Salim Uddin FCA Chitta Ranjan Mazumder FCA (178) Mahmudul Hasan Khusru FCA Md. Wahid Murad FCA (1117) Editorial Board Ahmed Raihan Shamsi FCA (745) Gopal Chandra Ghosh FCA Md. Abdus Salam FCA (570) Chairman: Dr. Md Abu Sayed Khan FCA Sk. Md. Tarikul Islam FCA (1238) Saiful Huq FCA (746) Md. Abdul Kader Joaddar FCA Md. Mahamud Hosain FCA Akhtar Sanjida Kasem FCA (643) Co-Chairman: Amanullah Khan FCA (56) Ziaur Rahman Zia FCA (1259) Md Shaifur Rahman Mazumdar FCA (748) Md. Moniruzzaman FCA Maria Howlader FCA Ajit Kumar Paul FCA (908) Mashruna A. Chowdhury FCA (1336) Members Mohammad Mohiuddin Ahmed FCA (800) Md. Mahamud Hosain FCA Mohammad Al Maruf Khan FCA (667) Md. Anwar Hossain Chowdhury FCA (931) Ayesha Rahman FCA (1381) Sidhartha Barua FCA Md. Jahidur Rahman FCA (860) Khundkar Mahmudul Hasan FCA (413) Md. Rokonuzzaman FCA (739) Binoy Gopal Roy FCA (965) Shayema Akter FCA (1413) Sabbir Ahmed FCA Mohammed Hamidul Islam FCA (912) Azhar Uddin Ahmed FCA (547) Member Secretary: Maj Gen Kamrul Islam FCA (1017) Md. Anwar Hossain FCA (1415) Mohammed Forkan Uddin FCA Md. Selim Reza FCA (939) Hasan Mahmood FCA (564) Muhammad Imrul Quayes, ndc, psc Shah Muhammad Ashequr Rahman FCA (1045) Badal Chandra Rajbangshi FCA (1420) Dr. Md. Salim Uddin FCA MBM Lutful Hadee FCA (1006) Sampad Kumar Basak FCA (625) (retd), Secretary & CEO-ICAB Ali Amjad Chowdhury FCA (1242) Sukanta Bhattacharjee FCA (1550) Gopal Chandra Ghosh FCA Kamrul Islam FCA (1017) Mohammad Al Maruf Khan FCA (667) Ashraful Haq Amin FCA (1265) Farhana Sultana FCA (1619) Md. Moniruzzaman FCA Fouzia Haque FCA (1032) Netai Chand Talukder FCA (706) Regulatory & Trade Body Yesmin Hosna FCA (1306) Md. Zillur Rahman FCA (1040) Al Amin Redwanur Rahman ACA (1723) Maria Howlader FCA Muhammad Syed Bashir Ali FCA (849) Affairs and Coordination Md. Wadud Ahmed FCA (1350) Ahmed, Md. Mohiuddin FCA (1046) Professor Dr. Mahmuda Akter, M Idris Ali FCA (95) Snehasish Barua FCA (894) Committee Pankoj Suter FCA (1352) Mohammad Nur Nobi FCA (1062) Chairman: Md. Shahadat Hossain FCA Department of Accounting & Masih Malik Chowdhury FCA (337) Shaiful Alam FCA (946) Md. Shaiful Alam FCA (1414) Rajib Kumar Saha FCA (1065) Co-Chairman: Mohammed Forkan Information Systems (AIS), Md. Anisur Rahman FCA (350) Md. Shamim Ahamed FCA (947) Ruhul Amin FCA (1419) Shadhan Chandra Das FCA (1080) Uddin FCA Faculty of Business Studies, Akhter Matin Chaudhury FCA (534) Dr. ASM Hossain Tayiab FCA (977) Md. Aman Ullah FCA (1474) Mohammed Ariful Hoque FCA (1218) University of Dhaka Md. Abdus Salam FCA (570) MBM Lutful Hadee FCA (1006) Members Md. Zahurul Islam FCA (1582) Sk. Md. Tarikul Islam FCA (1238) Member Secretary: Mahbub Ahmed Mohammad Zahid Hossain FCA (808) Rakesh Saha FCA (1011) Md. Mahedi Hasan FCA (1664) Md. Ismail Rashed (1248) Dr. Md. Abu Sayed Khan FCA Siddique FCA, Director Harun Mahmud FCA (850) Khaled Rahman FCA (1035) Bhola Nath Kundu ACA (1782) Syed Muhammad Rahmatul Mujeeb FCA (1252) Md. Humayun Kabir FCA (Technical)-ICAB S. M. Rafiqul Islam FCA (867) Krishnendu Deb Roy FCA (1230) Md. Anwar Hossain ACA (1806) Md. Anwaruzzaman FCA (1268) A F Nesaruddin FCA Md. Jasim Uddin FCA (1147) Placid Gomes FCA (1245) Ataur Rahman ACA (1815) NON-STANDING COMMITTEES-2020 Salim Ullah Bahadur FCA (1274) N K A Mobin FCA Md. Harun Or Rashid FCA (1187) Debabrata Roy Chowdhury ACA (1263) Arifur Rahman ACA (1869) Mohammad Touhidur Rahman FCA (1279) Dr. Md. Salim Uddin FCA Real Estate Committee Sk. Md. Tarikul Islam FCA (1238) Muhammad Asaduzzaman FCA (1264) Mohiuddin Khalid ACA (1915) Sk. Ashik Iqbal ACA (1310) Gopal Chandra Ghosh FCA Chairman: A F Nesaruddin FCA Md. Ismail Rashed FCA (1248) Ashraful Haq Amin FCA (1265) Masud Khan, Chairman of GSK Tapan Bala FCA (1312) Md. Moniruzzaman FCA Co-Chairman: Md. Moniruzzaman FCA Mohammad Fakhrul Alam Patwary FCA (1249) Mohammad Touhidur Rahman FCA (1279) Bangladesh Biplab Hossain FCA (1368) Md. Shariful Islam FCA (1303) Mohammad Ali Kawsar FCA (1290) Md. Mahamud Hosain FCA Prof. Dr. Mahfuzul Hoque, Department Members Mohammad Arif FCA (1388) Kazi Shah Omar Faruk FCA (1422) Sheikh Zahidul Islam FCA (1394) Maria Howlader FCA of Accounting & Information Sidhartha Barua FCA Shishir Kumar Shil FCA (1416) Md. Anisuzzaman FCA (1505) Md. Farid Uddin FCA (1436) Chitta Ranjan Mazumder FCA (178) Systems (AIS), Faculty of Nasir Uddin Ahmed FCA Md. Yeasin Mollah FCA (1441) Mahamudunnabi FCA (1525) Md. Yeasin Mollah FCA (1441) Bimal Kanta Bhattacharjee FCA (517) Business Studies, University of Gopal Chandra Ghosh FCA Mezanoor Rahman FCA (1523) Ismat Jahan ACA (1600) Mostafa Kamal Ahmed FCA (1450) Md Abdus Salam FCA (570) Dhaka Mian Muhammad Shaheedullah FCA (118) Mahamudunnabi FCA (1525) Md. Saiful Islam ACA (1853) Mezanoor Rahman FCA (1523) Haider Ahmed Khan FCA (576) Prof. Dr. Mizanur Rahman, Accounting Md. Rafiqul Islam Khan FCA (155) Mohammed Abdul Alim FCA (1532) Jahangir Hossain ACA (1960) Muhammad Abu Hanif Meah FCA (1659) Md. Rokonuzzaman FCA (739) & Information Systems (AIS), AKM Mizanur Rahman FCA (438) Md. Akizur Rahman FCA (1534) Member Secretary: SM Abu Nayem Md. Kamruzzaman ACA (1691) Faculty of Business Studies, Azhar Uddin Ahmed FCA (547) Md Anwar Hossain FCA (1593) Ahmed Raihan Shamsi FCA (745) Ahmed, Senior Deputy Director Al Amin Redwanur Rahman ACA (1723) University of Dhaka Md. Shamsul Karim Chowdhury FCA (627) Habibur Rahman ACA (1603) Md. Mahbubur Rahman FCA (750) (Admin, Estate, Press & Md. Farhad Husain Suman ACA (1635) Jasim Uddin ACA (1728) Member Secretary: Md. Abdul Halim Md. Golam Kibria FCA (796) Subrata Kumar Bhowmick FCA (761) Publication)-ICAB Muhammad Gaus Samdani ACA (1843) Sheikh, Additional Director (Students Mohammed Kamrul Hasan FCA (836) AKM Mesbahul Karim ACA (1689) Mohammad Zahid Hossain FCA (808) Md. Kamruzzaman ACA (1691) Amit Dhar ACA (1921) Affairs)-ICAB Mizanur Rahman Khan FCA (843) Professional Development Masud Parvez FCA (835) Tahani Tarannum ACA (1726) Ummey Honey ACA (1925) Binoy Gopal Roy FCA (965) Committee Md. Jahidur Rahman FCA (860) Quality Assurance Board Sayed Erfan Saleh ACA (1752) Md. Shakhawat Hossain ACA (1930) Abdul Hamid FCA (1014) Chairman: Mahmudul Hasan Khusru FCA Ajit Kumar Paul FCA (908) Chairman: Kamrul Abedin FCA Ataur Rahman ACA (1815) Member Secretary: Suraia Parveen, Mohammad Shibbir Hossain FCA (1048) Co-Chairman: Sabbir Ahmed FCA Md. 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Anwaruzzaman FCA (1268) Mohammad Shakawat Hossain Nasir Uddin Ahmed FCA Mohammad Abdullah Al Maruf ACA (1795) Muhammad Gaus Samdani ACA (1843) Mashruna A. Chowdhury FCA (1336) Committee for Small and Bhuyan FCA (1555) Mahmudul Hasan Khusru FCA Md. Maksodur Rahman ACA (1805) Mohammed Aminul Islam Mintu ACA (1964) Medium Practitioners Md. Zahurul Islam FCA (1582) Maria Howlader FCA Biplab Hossain FCA (1368) Muhammad Amzad Shakil ACA (1810) Member Secretary: Mahbub Ahmed Chairman: Sidhartha Barua FCA Khandakar Al Mamun FCA (1602) Ali Ashfaq FCA (509) Shishir Kumar Shil FCA (1416) Md. Emdadul Haque ACA (1812) Siddique FCA, Director Co-Chairman: Maria Howlader FCA Muhammed Didarul Islam FCA (1617) Khondkar Atique-e-Rabbani FCA (588) Badal Chandra Rajbangshi FCA (1420) Md. Saiful Islam ACA (1853) (Technical)-ICAB Md Ziaul Alam FCA (1623) Ahmed Raihan Shamsi FCA (745) Uttam Kumar Saha FCA (1444) Members Md. Samsul Alam Khan Shajib ACA (1866) Regional Committees & Md. Farhad Husain Suman FCA (1635) Saiful Huq FCA (746) Ramdas Howlader FCA (1457) Mohammed Forkan Uddin FCA Mohiuddin Khalid ACA (1915) Overseas Management Chapter Md. Eshaque Ali Khondakar FCA (1639) Mohammed Zahirul Kium FCA (887) Mahmudur Rahman FCA (1491) Md. Shahadat Hossain FCA Md. Mazedul Islam ACA (1920) Committee Muhammad Abu Hanif Meah FCA (1659) Arup Chowdhury FCA (893) Md. Abdus Satter Sarkar FCA (1522) Md. Moniruzzaman FCA Tanvir Ahmed ACA (1949) Chairman: Md. Mahamud Hosain FCA AKM Mesbahul Karim ACA (1689) Md. Abdur Rouf FCA (918) Mohammad Shah Alam FCA (1524) Md. Mahamud Hosain FCA Member Secretary: Hossain Mahmud Co-Chairman: Akhtar Sohel Kasem FCA Md. Mahedi Masud ACA (1778) Sabbir Ahmed FCA (937) Md. Amran Hossan FCA (1537) Md Rafiqul Islam Khan FCA (155) Patwary, Deputy Director (Internal Md. Arifin Monjur ACA (1832) Mohammed Abul Hashem FCA (964) Naima Sultana ACA (1688) Shishir Ranjan Bose FCA (390) Control and Compliance)-ICAB Members Imran Abu Hasan FCA (971) ATM Shamim Reza ACA (1766) Bimal Kanta Bhattacharjee FCA (517) Sabbir Ahmed FCA Member Secretary: Suraia Parveen, Abu Sufian FCA (1141) Muhammad Amzad Shakil ACA (1810) Haider Ahmed Khan FCA (576) Committee on Professional Dr. Md. Abu Sayed Khan FCA Deputy Director (Compliance of Monotosh Chandra Roy FCA (1179) Member Secretary: Md. Shahjahan Md. Atikur Rahman FCA (715) Accountants in Business N K A Mobin FCA Technical Standards and Review of Chairman: Md. Abdul Kader Joaddar FCA Alauddin Miah FCA (1239) Siraz, Deputy Director (Member Mizanur Rahman Khan FCA (843) Mahmudul Hasan Khusru FCA Annual Reports)-ICAB Co-Chairman: Maria Howlader FCA Placid Gomes FCA (1245) Services)-ICAB Nayma Meherin FCA (985) AKM Fazlur Rahman FCA (296) Review Committee for Published Ziaur Rahman Zia FCA (1259) Md. 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STANDING COMMITTEES-2020 SK. Md. Tarikul Islam FCA (1238) Members Executive Committee SK. Ashik Iqbal FCA (1310) Mohammed Forkan Uddin FCA Chairman: Muhammad Farooq FCA Ashraf Uz-Zaman Ali FCA (1518) Dr. Md. Abu Sayed Khan FCA Kamruzzaman ACA (1691) Kamrul Abedin FCA Members Mohammed Forkan Uddin FCA Member Secretary: Md. Saiful Islam Nasir Uddin Ahmed FCA Sabbir Ahmed FCA FCA, Senior Deputy Director Md. Shahadat Hossain FCA Akhtar Sohel Kasem FCA (Regulatory Affairs)-ICAB Gopal Chandra Ghosh FCA Md. Abdul Kader Joaddar FCA Md. Humayun Kabir FCA Articled Students Committee A F Nesaruddin FCA Md. Moniruzzaman FCA Chairman: Mohammed Forkan Uddin FCA Kamrul Abedin FCA Mahmudul Hasan Khusru FCA Co-Chairman: Md. Moniruzzaman FCA Adeeb Hossain Khan FCA Maria Howlader FCA Md. Moniruzzaman FCA Members Md. Abdus Salam FCA (570) Member Secretary: Maj Gen Akhtar Sohel Kasem FCA Md. Shafiqul Islam FCA (595) Muhammad Imrul Quayes, ndc, psc Dr. Md. Abu Sayed Khan FCA Md. Shafiqul Alam FCA (603) (retd), Secretary & CEO-ICAB Kamrul Abedin FCA Akhtar Sanjida Kasem FCA (643) Md. Shahadat Hossain FCA Examination Committee Md. Raghib Ahsan FCA (689) Md. Mahamud Hosain FCA Md. Rokonuzzaman FCA (739) Chairman: Muhammad Farooq FCA Maria Howlader FCA Snehasish Barua FCA (894) Co-Chairman: Md. Humayun Kabir FCA Chitta Ranjan Mazumder FCA (178) Asifur Rahman FCA (904) Md. Shafiqul Alam FCA (603) Members Mohammed Hamidul Islam FCA (912) Akhtar Sanjida Kasem FCA (643) Sidhartha Barua FCA Md. Abdur Rouf FCA (918) Nasir Uddin Ahmed FCA Snehasish Barua FCA (894) Sabbir Ahmed FCA (937) Gopal Chandra Ghosh FCA Asifur Rahman FCA (904) Binoy Gopal Roy FCA (965) Md. Abdul Kader Joaddar FCA Mohammed Hamidul Islam FCA (912) Md. Yasin Miah FCA (1001) Mahmudul Hasan Khusru FCA Md. Ashraful Haque FCA (976) Maria Howlader FCA MBM Lutful Hadee FCA (1006) MBM Lutful Hadee FCA (1006) Member Secretary: Md. Afzal Rakesh Saha FCA (1011) Biplob Kanti Banik FCA (1173) Hossain,Controller of Fouzia Haque FCA (1032) Md. Abdur Razzaque FCA (1196) Examinations-ICAB Md. Zillur Rahman FCA (1040) SK. Md. Tarikul Islam FCA (1238) Pronoy Kumer Biswas FCA (1081) Ashraful Haq Amin FCA (1265) Investigation & Disciplinary Muhammad Aminul Hoque FCA (1129) Md. Anwaruzzaman FCA (1268) Committee Ali Akhter Rezvi FCA (1183) Mohammad Touhidur Rahman FCA (1279) Chairman: Sheikh A. Hafiz FCA Muraheb Malik Chowdhury FCA (1186) Md. Alauddin FCA (1280) Co-Chairman: A F Nesaruddin FCA Syed Muhammad Rahmatul Mujeeb FCA (1252) Sk. Ashik Iqbal FCA (1310) Members Md. Anwaruzzaman FCA (1268) Md. Anwar Hossain FCA (1415) Sidhartha Barua FCA Mohammad Touhidur Rahman FCA (1279) Mahmudur Rahman FCA (1491) Md. Nurul Haque FCA (195) Sk. Ashik Iqbal FCA (1310) Shaikh Hasibur Rahman FCA (1512) Shayema Akter FCA (1413) Md. Aminur Rahman Chowdhury FCA (228) Wasequl Huq Reagan FCA (1517) Nirmal Chandra Biswas FCA (1438) Md. Shahjahan Majumder FCA (571) Ashraf-Uz-Zaman Ali ACA (1518) Ramdas Howlader FCA (1457) Sukanta Bhattacharjee FCA (1550) Mohammad Hamidur Rashid FCA (607) Romana Ahmed FCA (1494) Md. Mahedi Hasan FCA (1664) Md. Rokonuzzaman FCA (739) Wasequl Huq Reagan FCA (1517) Saiful Huq FCA (746) Naima Sultana ACA (1688) Bhola Nath Kundu ACA (1782) Jeenat Jahan Dipty FCA (753) AKM Mesbahul Karim ACA (1689) Prof. Maksudur Rahman Sharker, N I Chowdhury FCA (766) Wasik Abdullah Momit ACA (1965) Accounting & Information Systems Mohammad Zahid Hossain FCA (808) Member Secretary: Afseen Baten (AIS), Faculty of Business Studies, Masud Parvez FCA (835) ACA, Deputy Director (Professional University of Dhaka Snehasish Barua FCA (894) Conduct - Processing, Review & Prof. Dr. Mizanur Rahman, Accounting Md. Selim Reza FCA (939) Evaluation)-ICAB & Information Systems (AIS), Faculty of Business Studies, Binoy Gopal Roy FCA (965) Technical & Research MBM Lutful Hadee FCA (1006) Committee University of Dhaka Member Secretary: Mahbub Ahmed Sabuj Hossain Chowdhury FCA (1119) Chairman: Sabbir Ahmed FCA Md. Monjurul Ahmed FCA (1161) Co-Chairman: Md. Mahamud Hosain FCA Siddique FCA, Director Md. Ali Akther Rezvi FCA (1183) (Technical)-ICAB

A S M Nayeem FCA (353) Farhana Sultana ACA (1619) Masih Malik Chowdhury FCA (337) Muhammed Farhad Hussain FCA (452) Fahmida Khan FCA (1636) Md. Abdus Salam FCA (570) Md. Kamrul Hassan FCA (579) Naima Sultana ACA (1688) Md. Syful Islam FCA (615) Abu Noim Md. Kashem Chowdhury FCA (752) Chaity Basak ACA (1772) Shama Rukh Alam FCA (724) Md. Zahirul Islam FCA (777) Most. Marzia Khatun ACA (1833) Md Shaifur Rahman Mazumdar FCA (748) Md Zahidul Islam Malita FCA (794) Momena Hossain Rupa ACA (1847) Abu Noim Md Kashem Chowdhury FCA (752) Md Mahsudur Rahman FCA (815) Mohammad Habibur Rahman Mehrooz Saima ACA (1865) M Abu Bakar FCA (830) Chowdhury FCA (837) Ummey Honey ACA (1925) Mohammed Sabir Ahmed FCA (949) Mohammed Tofazzul Hussain FCA (848) Mahafuja Akter ACA (1943) Md. 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Jainul Abedin FCA (9) Masud Imran Joarder FCA (1313) Muhammed Farhad Hussain FCA (452) AKM Mosharraf Hossain FCA (37) Ramdas Howlader FCA (1457) Mohammad Anwarul Karim FCA (522) Kamal Ziaul Islam FCA (24) Wasequl Huq Reagan FCA (1517) Md Abdus Salam FCA (570) ABM Azizuddin FCA (46) Mousomi Huq ACA (1897) Suraiya Zannath Khan FCA (582) MA Quadir Mollah FCA (73) Member Secretary: Md. Shohel Rana AKM Kamrul Islam FCA (670) Muhammed Abdul Halim Gaznavi FCA (97) ACA, Chief Financial Officer-ICAB Tariquzzaman Khan FCA (687) Howlader Mahfel Huq FCA (105) Ghulum Murshed Latiful Quader FCA (760) Women Members Empowerment A N Altaf Hussain Siddiqui FCA (60) Mohammad Mohiuddin Ahmed FCA (800) Anil Chandra Nath FCA (53) and Leadership Development Ajit Kumar Paul FCA (908) Committee Abbas Uddin Khan FCA (439) Md. Eftekhar Ali FCA (910) Md. Anisur Rahman FCA (226) Chairman: Maria Howlader FCA Md. Anwar Hossain Chowdhury FCA (931) Co-Chairman: N K A Mobin FCA Anwaruddin Chowdhury FCA (343) Mohammad Atikuzzaman FCA (986) A K Gulam Kibria FCA (392) Members Sabuj Hossain Chowdhury FCA (1119) Akhtar Sohel Kasem FCA (328) Mohammed Forkan Uddin FCA Sk. Md. Tarikul Islam FCA (1238) Sheikh A. Hafiz FCA (110) Md. Moniruzzaman FCA Ziaur Rahman Zia FCA (1259) A S M Nayeem FCA (353) Md. Mahamud Hosain FCA Md. Alauddin FCA (1280) Muhammed Farhad Hussain FCA (452) Sk. Ashik Iqbal ACA (1310) Parveen Mahmud FCA (632) Md. Humayun Kabir FCA (462) Md. Didarul Islam ACA (1411) Akhtar Sanjida Kasem FCA (643) Nasir Uddin Ahmed FCA (535) Shayema Akter FCA (1413) Shama Rukh Alam FCA (724) Jamaluddin Ahmed Ph.D, FCA (498) Md. Anwar Hossain ACA (1415) Parul Das FCA (891) Parveen Mahmud FCA (632) Mahmudur Rahman ACA (1491) Md. Syful Islam FCA (615) Kishower Amin FCA (1015) Rajib Kumar Saha ACA (1773) Md. Abdus Salam FCA (570) Fouzia Haque FCA (1032) Mostaque Ahmmed Sarwar ACA (1893) Showkat Hossain FCA (137) Farjana Akter Sadi FCA (1098) Abdus Samad ACA (1971) Masih Malik Chowdhury FCA (337) Zareen Mahmud Hosein FCA (1152) Member Secretary: Mohammed Kamrul Abedin FCA (527) Rojina Akhter FCA (1206) Emdadul Haque FCA, Technical Adeeb Hossain Khan FCA (652) Ainun Nahar FCA (1277) Adviser – ICAB Dewan Nurul Islam FCA (606) Ayesha Rahman FCA (1381) Audit Committee A F Nesaruddin FCA (469) Nadia Zaman ACA (1384) Chairman: Abu Sayed Mohammed Muhammad Farooq FCA, Shayema Akter FCA (1413) Nayeem FCA President-ICAB Asma Akhter FCA (1452) Sidhartha Barua FCA, VP (E&E)-ICAB Evana Hoque ACA (1459) Members Sabbir Ahmed FCA, VP (T&RA)-ICAB Mahmudul Hasan Khusru FCA Anika Sultana FCA (1484) Mohammed Forkan Uddin FCA, VP Md. Aminur Rahman Chowdhury FCA (228) Romana Ahmed FCA (1494) (O&MS)-ICAB Pear Ali FCA (249) Farjana Yeasmin FCA (1540) Member Secretary: Maj Gen AFM Alamgir FCA (268) Muhammad Imrul Quayes, ndc, psc Tamara Hussain FCA (1563) Md. Amirul Islam FCA (331) (retd), Secretary & CEO-ICAB Moon Rani Das FCA (1573) STANDING COMMITTEES-2020 SK. Md. Tarikul Islam FCA (1238) Members Executive Committee SK. Ashik Iqbal FCA (1310) Mohammed Forkan Uddin FCA Chairman: Muhammad Farooq FCA Ashraf Uz-Zaman Ali FCA (1518) Dr. Md. Abu Sayed Khan FCA Kamruzzaman ACA (1691) Kamrul Abedin FCA Members Mohammed Forkan Uddin FCA Member Secretary: Md. Saiful Islam Nasir Uddin Ahmed FCA Sabbir Ahmed FCA FCA, Senior Deputy Director Md. Shahadat Hossain FCA Akhtar Sohel Kasem FCA (Regulatory Affairs)-ICAB Gopal Chandra Ghosh FCA Md. Abdul Kader Joaddar FCA Md. Humayun Kabir FCA Articled Students Committee A F Nesaruddin FCA Md. Moniruzzaman FCA Chairman: Mohammed Forkan Uddin FCA Kamrul Abedin FCA Mahmudul Hasan Khusru FCA Co-Chairman: Md. Moniruzzaman FCA Adeeb Hossain Khan FCA Maria Howlader FCA Md. Moniruzzaman FCA Members Md. Abdus Salam FCA (570) Member Secretary: Maj Gen Akhtar Sohel Kasem FCA Md. Shafiqul Islam FCA (595) Muhammad Imrul Quayes, ndc, psc Dr. Md. Abu Sayed Khan FCA Md. Shafiqul Alam FCA (603) (retd), Secretary & CEO-ICAB Kamrul Abedin FCA Akhtar Sanjida Kasem FCA (643) Md. Shahadat Hossain FCA Examination Committee Md. Raghib Ahsan FCA (689) Md. Mahamud Hosain FCA Md. Rokonuzzaman FCA (739) Chairman: Muhammad Farooq FCA Maria Howlader FCA Snehasish Barua FCA (894) Co-Chairman: Md. Humayun Kabir FCA Chitta Ranjan Mazumder FCA (178) Asifur Rahman FCA (904) Md. Shafiqul Alam FCA (603) Members Mohammed Hamidul Islam FCA (912) Akhtar Sanjida Kasem FCA (643) Sidhartha Barua FCA Md. Abdur Rouf FCA (918) Nasir Uddin Ahmed FCA Snehasish Barua FCA (894) Sabbir Ahmed FCA (937) Gopal Chandra Ghosh FCA Asifur Rahman FCA (904) Binoy Gopal Roy FCA (965) Md. Abdul Kader Joaddar FCA Mohammed Hamidul Islam FCA (912) Md. Yasin Miah FCA (1001) Mahmudul Hasan Khusru FCA Md. Ashraful Haque FCA (976) Maria Howlader FCA MBM Lutful Hadee FCA (1006) MBM Lutful Hadee FCA (1006) Member Secretary: Md. Afzal Rakesh Saha FCA (1011) Biplob Kanti Banik FCA (1173) Hossain,Controller of Fouzia Haque FCA (1032) Md. Abdur Razzaque FCA (1196) Examinations-ICAB Md. Zillur Rahman FCA (1040) SK. Md. Tarikul Islam FCA (1238) Pronoy Kumer Biswas FCA (1081) Ashraful Haq Amin FCA (1265) Investigation & Disciplinary Muhammad Aminul Hoque FCA (1129) Md. Anwaruzzaman FCA (1268) Committee Ali Akhter Rezvi FCA (1183) Mohammad Touhidur Rahman FCA (1279) Chairman: Sheikh A. Hafiz FCA Muraheb Malik Chowdhury FCA (1186) Md. Alauddin FCA (1280) Co-Chairman: A F Nesaruddin FCA Syed Muhammad Rahmatul Mujeeb FCA (1252) Sk. Ashik Iqbal FCA (1310) Members Md. Anwaruzzaman FCA (1268) Md. Anwar Hossain FCA (1415) Sidhartha Barua FCA Mohammad Touhidur Rahman FCA (1279) Mahmudur Rahman FCA (1491) Md. Nurul Haque FCA (195) Sk. Ashik Iqbal FCA (1310) Shaikh Hasibur Rahman FCA (1512) Shayema Akter FCA (1413) Md. Aminur Rahman Chowdhury FCA (228) Wasequl Huq Reagan FCA (1517) Nirmal Chandra Biswas FCA (1438) Md. Shahjahan Majumder FCA (571) Ashraf-Uz-Zaman Ali ACA (1518) Ramdas Howlader FCA (1457) Sukanta Bhattacharjee FCA (1550) Mohammad Hamidur Rashid FCA (607) Romana Ahmed FCA (1494) Md. Mahedi Hasan FCA (1664) Md. Rokonuzzaman FCA (739) Wasequl Huq Reagan FCA (1517) Saiful Huq FCA (746) Naima Sultana ACA (1688) Bhola Nath Kundu ACA (1782) Jeenat Jahan Dipty FCA (753) AKM Mesbahul Karim ACA (1689) Prof. Maksudur Rahman Sharker, N I Chowdhury FCA (766) Wasik Abdullah Momit ACA (1965) Accounting & Information Systems Mohammad Zahid Hossain FCA (808) Member Secretary: Afseen Baten (AIS), Faculty of Business Studies, Masud Parvez FCA (835) ACA, Deputy Director (Professional University of Dhaka Snehasish Barua FCA (894) Conduct - Processing, Review & Prof. Dr. Mizanur Rahman, Accounting Md. Selim Reza FCA (939) Evaluation)-ICAB & Information Systems (AIS), Faculty of Business Studies, Binoy Gopal Roy FCA (965) Technical & Research MBM Lutful Hadee FCA (1006) Committee University of Dhaka Member Secretary: Mahbub Ahmed Sabuj Hossain Chowdhury FCA (1119) Chairman: Sabbir Ahmed FCA Md. Monjurul Ahmed FCA (1161) Co-Chairman: Md. Mahamud Hosain FCA Siddique FCA, Director Md. Ali Akther Rezvi FCA (1183) (Technical)-ICAB

No. 362 January 2020

A S M Nayeem FCA (353) Farhana Sultana ACA (1619) Masih Malik Chowdhury FCA (337) Muhammed Farhad Hussain FCA (452) Fahmida Khan FCA (1636) Md. Abdus Salam FCA (570) Md. Kamrul Hassan FCA (579) Naima Sultana ACA (1688) Md. Syful Islam FCA (615) The NAS ED also includes enhanced Abu Noim Md. Kashem Chowdhury FCA (752) Chaity Basak ACA (1772) Shama Rukh Alam FCA (724) The IESBA’s Exposure Draft ISA 540 (Revised) Auditing Md. Zahirul Islam FCA (777) Most. Marzia Khatun ACA (1833) Md Shaifur Rahman Mazumdar FCA (748) for Proposed Revisions to The guidance to assist firms in evaluating the Accounting Estimates, Md Zahidul Islam Malita FCA (794) Momena Hossain Rupa ACA (1847) Abu Noim Md Kashem Chowdhury FCA (752) Non-assurance Services level of threats to independence when Including Fair Value Md Mahsudur Rahman FCA (815) Mohammad Habibur Rahman Mehrooz Saima ACA (1865) Provisions of the Code and providing NAS to audit clients. Accounting Estimates, and M Abu Bakar FCA (830) Chowdhury FCA (837) Ummey Honey ACA (1925) Proposed Revisions to the Related Disclosures: Mohammed Sabir Ahmed FCA (949) Mohammed Tofazzul Hussain FCA (848) Mahafuja Akter ACA (1943) Among the key proposed changes to the Md. Yasin Miah FCA (1001) Fee-related Provisions of the Implementation Support: Flow fee-related provisions are: Muhammad Nazrul Islam FCA (884) Member Secretary: Aleya Ferdous, Abdul Hamid FCA (1014) Code Charts and Diagram Parul Das FCA (891) Deputy Director (HR) Farjana Akter Sadi FCA (1098) The International Ethics Standards • A prohibition on firms allowing the The International Standard on Auditing Mohammad Abdul Ohab Miah FCA (901) Naima Sultana ACA (1688) Committee on Public Finance Board for Accountants (IESBA) is audit fee to be influenced by the (ISA) 540 (Revised) Implementation Mohammad Ali FCA (906) and Public Sector Accounting Md. Muktadir Hossain ACA (1846) provision of services other than audit Working Group has developed two Mohammed Sabir Ahmed FCA (949) Chairman: Dr. Md Abu Sayed Khan FCA Member Secretary: Mohammed seeking public comment on exposure Muhammed Abul Hashem FCA (964) Co-Chairman: Md. Mahamud Hosain FCA Emdadul Haque FCA, Technical draft on the following International to the audit client; flowcharts and a diagram to support the Satya Ranjan Mondal FCA (978) Adviser – ICAB Independence Standards: understanding, and effective Members • In the case of PIEs, a requirement to Md. Zillur Rahman FCA (1040) Advisory Committee implementation, of the standard. Md. Shahadat Hossain FCA a. cease to act as auditor if fee Suraiya Zerin FCA (1084) AKM Rafiqul Islam FCA Proposed Revisions to the Mahmudul Hasan Khusru FCA Chairman: • Flowchart 1: ISA 540 (Revised) – Mohammad Aminul Haque FCA (1158) Non-Assurance Services Provisions dependency on the audit client Anwaruddin Chowdhury FCA (343) Co-Chairman: Abdul Hafiz Choudhury FCA Md. Kishlur Rahman FCA (1197) Requirements, explains the flow of A S M Nayeem FCA (353) of the Code; and continues beyond a specified period; Md. Alauddin FCA (1280) Members the requirements in ISA 540 Abbas Uddin Khan FCA (439) Md. Jainul Abedin FCA (9) and Masud Imran Joarder FCA (1313) b. Proposed Revisions to the (Revised); Muhammed Farhad Hussain FCA (452) AKM Mosharraf Hossain FCA (37) Ramdas Howlader FCA (1457) Fee-Related Provisions of The • Communication of fee-related Mohammad Anwarul Karim FCA (522) Kamal Ziaul Islam FCA (24) • Flowchart 2: ISA 540 (Revised) – Wasequl Huq Reagan FCA (1517) Md Abdus Salam FCA (570) Code. information to TCWG and to the ABM Azizuddin FCA (46) Three Testing Approaches, provides Mousomi Huq ACA (1897) Suraiya Zannath Khan FCA (582) MA Quadir Mollah FCA (73) public to assist their judgments The EDs are aimed at strengthening the an overview of the requirements Member Secretary: Md. Shohel Rana AKM Kamrul Islam FCA (670) Muhammed Abdul Halim Gaznavi FCA (97) about auditor independence. [paragraphs 18–29 of ISA 540 ACA, Chief Financial Officer-ICAB Tariquzzaman Khan FCA (687) Howlader Mahfel Huq FCA (105) non-assurance services (NAS) and the Ghulum Murshed Latiful Quader FCA (760) (Revised)] relating to the three Women Members Empowerment A N Altaf Hussain Siddiqui FCA (60) fee-related independence provisions of The Fees ED also includes enhanced Mohammad Mohiuddin Ahmed FCA (800) testing approaches, including the and Leadership Development Anil Chandra Nath FCA (53) the International Code of Ethics for guidance on identifying, evaluating and Ajit Kumar Paul FCA (908) Abbas Uddin Khan FCA (439) linkages between the testing Committee Md. Eftekhar Ali FCA (910) Professional Accountants (including addressing threats to independence in Maria Howlader FCA Md. Anisur Rahman FCA (226) approaches; and Chairman: Md. Anwar Hossain Chowdhury FCA (931) International Independence Standards) relation to other fee-related matters, Co-Chairman: N K A Mobin FCA Anwaruddin Chowdhury FCA (343) Mohammad Atikuzzaman FCA (986) A K Gulam Kibria FCA (392) (the Code). including the proportion of fees for • Diagram 1: Linkages between ISA Members Sabuj Hossain Chowdhury FCA (1119) Akhtar Sohel Kasem FCA (328) 540 (Revised) and Other ISAs, Among the key changes proposed to the services other than audit to the audit Mohammed Forkan Uddin FCA Sk. Md. Tarikul Islam FCA (1238) Sheikh A. Hafiz FCA (110) fee. shows the interrelationship of the Md. Moniruzzaman FCA Ziaur Rahman Zia FCA (1259) A S M Nayeem FCA (353) NAS provisions are: Md. Alauddin FCA (1280) requirements in ISA 540 (Revised) Md. Mahamud Hosain FCA Muhammed Farhad Hussain FCA (452) The EDs are open for public comments Sk. Ashik Iqbal ACA (1310) • A prohibition on providing NAS to an and other ISAs. This information will Parveen Mahmud FCA (632) Md. Humayun Kabir FCA (462) Md. Didarul Islam ACA (1411) audit client that is a public interest by May 04, 2020. help auditors understand the key Akhtar Sanjida Kasem FCA (643) Nasir Uddin Ahmed FCA (535) Shayema Akter FCA (1413) linkages and in applying all relevant Shama Rukh Alam FCA (724) Jamaluddin Ahmed Ph.D, FCA (498) entity (PIE) if a self-review threat to The proposed Revisions to the Md. Anwar Hossain ACA (1415) Parveen Mahmud FCA (632) requirements in relation to the audit Parul Das FCA (891) independence will be created; Non-Assurance Services Provisions of Mahmudur Rahman ACA (1491) Md. Syful Islam FCA (615) Kishower Amin FCA (1015) of accounting estimates and Rajib Kumar Saha ACA (1773) Md. Abdus Salam FCA (570) • Further tightening of the the Code can be accessed at: Fouzia Haque FCA (1032) disclosures. Mostaque Ahmmed Sarwar ACA (1893) Showkat Hossain FCA (137) Farjana Akter Sadi FCA (1098) circumstances in which materiality Abdus Samad ACA (1971) Masih Malik Chowdhury FCA (337) https://www.ethicsboard.org/publication The implementation support tools can Zareen Mahmud Hosein FCA (1152) Member Secretary: Mohammed may be considered in determining Kamrul Abedin FCA (527) s/proposed-revisions-non-assurance-se be accessed at: Rojina Akhter FCA (1206) the permissibility of a NAS; Emdadul Haque FCA, Technical Adeeb Hossain Khan FCA (652) rvices-provisions-code Ainun Nahar FCA (1277) Adviser – ICAB Dewan Nurul Islam FCA (606) http://www.ifac.org/publications-resourc • Strengthened provisions regarding Ayesha Rahman FCA (1381) A F Nesaruddin FCA (469) The proposed Revisions to the es/isa-540-revised-implementation-sup Audit Committee auditor communication with those Nadia Zaman ACA (1384) Chairman: Abu Sayed Mohammed Muhammad Farooq FCA, Fee-Related Provisions of the Code can port-flow-charts-and-diagram Shayema Akter FCA (1413) President-ICAB charged with governance (TCWG), Nayeem FCA be accessed at: Asma Akhter FCA (1452) Sidhartha Barua FCA, VP (E&E)-ICAB including, for PIEs, a requirement for Proposed Quality Members Evana Hoque ACA (1459) Sabbir Ahmed FCA, VP (T&RA)-ICAB NAS pre-approval by TCWG; and https://www.ethicsboard.org/publication Management Standards Mahmudul Hasan Khusru FCA Anika Sultana FCA (1484) Mohammed Forkan Uddin FCA, VP Md. Aminur Rahman Chowdhury FCA (228) s/proposed-revisions-fee-related-provisi To ensure that firms’ systems continue Romana Ahmed FCA (1494) (O&MS)-ICAB • Stricter requirements regarding the Pear Ali FCA (249) ons-code Farjana Yeasmin FCA (1540) Member Secretary: Maj Gen provision of some NAS, including to be robust and effectively support AFM Alamgir FCA (268) Muhammad Imrul Quayes, ndc, psc Tamara Hussain FCA (1563) certain tax and corporate finance high-quality audits and other Md. Amirul Islam FCA (331) (retd), Secretary & CEO-ICAB Moon Rani Das FCA (1573) advice. engagements, the IAASB has proposed

various enhancements to address firms’ International Standard on Quality the engagement level for audits of systems of quality management, Management 2: Engagement Quality financial statements. It contains previously known as systems of quality Reviews. enhanced and revised requirements and control. The IAASB recently proposed to guidance to: The proposed quality management change the way professional standards can be accessed at: • Highlight the importance of the accountancy firms are expected to public interest role of audits, and https://www.iaasb.org/publications-reso manage quality—for audits, reviews, improve the emphasis on the urces/exposure-draft-international-stand and other assurance and related importance of the appropriate ard-quality-management-1-quality services engagements. application of professional judgment https://www.iaasb.org/publications-resou and exercise of professional In this regard Previously International rces/exposure-draft-international-standar skepticism; Standard on Quality Control 1 will be d-quality-management-2-engagement-0 • Clarify the role and responsibilities of replaced by the Proposed International the engagement partner, particularly Standard on Quality Management 1: Proposed International Standard on Auditing 220 the required involvement of the Quality Management for Firms that (Revised), Quality engagement partner throughout the Perform Audits or Reviews of Financial Management for an Audit of audit, and retain the emphasis on Statements, or Other Assurance or Financial Statements the engagement partner’s Related Services Engagements. responsibility for managing and IAASB proposed International Standard achieving quality at the engagement For the purpose of giving more on Auditing 220 (Revised) ‘Quality level; importance of engagement quality Management for an Audit of Financial reviews in the overall context of quality Statements’. • Modernize ISA 220 for an evolving management, the IAASB has developed environment, including changes in Proposed ISA 220 (Revised) will and proposed a separate standard, audit delivery models and the use of improve the management of quality at technology; and

• Clarify the relationship between ISA 220 and the International Standards on Quality Control/Management, including additional clarification of the engagement partner’s and engagement team’s interaction with the firm, and the engagement team’s ability to depend on the firm’s quality management policies or procedures.

The proposed International Standard on Auditing 220 (Revised) can be accessed at:

https://www.iaasb.org/publications-reso urces/exposure-draft-international-stand ard-auditing-220-revised-quality-0 Publication of 2020 version of IFRS (Blue Book): The soft copy of 2020 version of IFRS (Blue Book) has already been made available at ICAB website in the following link:

http://www.icab.org.bd/icabweb/webGe neralContent/view/474245 STANDING COMMITTEES-2020 SK. Md. Tarikul Islam FCA (1238) Members Executive Committee SK. Ashik Iqbal FCA (1310) Mohammed Forkan Uddin FCA Chairman: Muhammad Farooq FCA Ashraf Uz-Zaman Ali FCA (1518) Dr. Md. Abu Sayed Khan FCA Kamruzzaman ACA (1691) Kamrul Abedin FCA Members Mohammed Forkan Uddin FCA Member Secretary: Md. Saiful Islam Nasir Uddin Ahmed FCA Sabbir Ahmed FCA FCA, Senior Deputy Director Md. Shahadat Hossain FCA Akhtar Sohel Kasem FCA (Regulatory Affairs)-ICAB Gopal Chandra Ghosh FCA Md. Abdul Kader Joaddar FCA Md. Humayun Kabir FCA Articled Students Committee A F Nesaruddin FCA Md. Moniruzzaman FCA Chairman: Mohammed Forkan Uddin FCA Kamrul Abedin FCA Mahmudul Hasan Khusru FCA Co-Chairman: Md. Moniruzzaman FCA Adeeb Hossain Khan FCA Maria Howlader FCA Md. Moniruzzaman FCA Members Md. Abdus Salam FCA (570) Member Secretary: Maj Gen Akhtar Sohel Kasem FCA Md. Shafiqul Islam FCA (595) Muhammad Imrul Quayes, ndc, psc Dr. Md. Abu Sayed Khan FCA Md. Shafiqul Alam FCA (603) (retd), Secretary & CEO-ICAB Kamrul Abedin FCA Akhtar Sanjida Kasem FCA (643) Md. Shahadat Hossain FCA Examination Committee Md. Raghib Ahsan FCA (689) Md. Mahamud Hosain FCA Md. Rokonuzzaman FCA (739) Chairman: Muhammad Farooq FCA Maria Howlader FCA Snehasish Barua FCA (894) Co-Chairman: Md. Humayun Kabir FCA Chitta Ranjan Mazumder FCA (178) Asifur Rahman FCA (904) Md. Shafiqul Alam FCA (603) Members Mohammed Hamidul Islam FCA (912) Akhtar Sanjida Kasem FCA (643) Sidhartha Barua FCA Md. Abdur Rouf FCA (918) Nasir Uddin Ahmed FCA Snehasish Barua FCA (894) Sabbir Ahmed FCA (937) Gopal Chandra Ghosh FCA Asifur Rahman FCA (904) Binoy Gopal Roy FCA (965) Md. Abdul Kader Joaddar FCA Mohammed Hamidul Islam FCA (912) Md. Yasin Miah FCA (1001) Mahmudul Hasan Khusru FCA Md. Ashraful Haque FCA (976) Maria Howlader FCA MBM Lutful Hadee FCA (1006) MBM Lutful Hadee FCA (1006) Member Secretary: Md. Afzal Rakesh Saha FCA (1011) Biplob Kanti Banik FCA (1173) Hossain,Controller of Fouzia Haque FCA (1032) Md. Abdur Razzaque FCA (1196) Examinations-ICAB Md. Zillur Rahman FCA (1040) SK. Md. Tarikul Islam FCA (1238) Pronoy Kumer Biswas FCA (1081) Ashraful Haq Amin FCA (1265) Investigation & Disciplinary Muhammad Aminul Hoque FCA (1129) Md. Anwaruzzaman FCA (1268) Committee Ali Akhter Rezvi FCA (1183) Mohammad Touhidur Rahman FCA (1279) Chairman: Sheikh A. Hafiz FCA Muraheb Malik Chowdhury FCA (1186) Md. Alauddin FCA (1280) Co-Chairman: A F Nesaruddin FCA Syed Muhammad Rahmatul Mujeeb FCA (1252) Sk. Ashik Iqbal FCA (1310) Members Md. Anwaruzzaman FCA (1268) Md. Anwar Hossain FCA (1415) Sidhartha Barua FCA Mohammad Touhidur Rahman FCA (1279) Mahmudur Rahman FCA (1491) Md. Nurul Haque FCA (195) Sk. Ashik Iqbal FCA (1310) Shaikh Hasibur Rahman FCA (1512) Shayema Akter FCA (1413) Md. Aminur Rahman Chowdhury FCA (228) Wasequl Huq Reagan FCA (1517) Nirmal Chandra Biswas FCA (1438) Md. Shahjahan Majumder FCA (571) Ashraf-Uz-Zaman Ali ACA (1518) Ramdas Howlader FCA (1457) Sukanta Bhattacharjee FCA (1550) Mohammad Hamidur Rashid FCA (607) Romana Ahmed FCA (1494) Md. Mahedi Hasan FCA (1664) Md. Rokonuzzaman FCA (739) Wasequl Huq Reagan FCA (1517) Saiful Huq FCA (746) Naima Sultana ACA (1688) Bhola Nath Kundu ACA (1782) Jeenat Jahan Dipty FCA (753) AKM Mesbahul Karim ACA (1689) Prof. Maksudur Rahman Sharker, N I Chowdhury FCA (766) Wasik Abdullah Momit ACA (1965) Accounting & Information Systems Mohammad Zahid Hossain FCA (808) Member Secretary: Afseen Baten (AIS), Faculty of Business Studies, Masud Parvez FCA (835) ACA, Deputy Director (Professional University of Dhaka Snehasish Barua FCA (894) Conduct - Processing, Review & Prof. Dr. Mizanur Rahman, Accounting Md. Selim Reza FCA (939) Evaluation)-ICAB & Information Systems (AIS), Faculty of Business Studies, Binoy Gopal Roy FCA (965) Technical & Research MBM Lutful Hadee FCA (1006) Committee University of Dhaka Member Secretary: Mahbub Ahmed Sabuj Hossain Chowdhury FCA (1119) Chairman: Sabbir Ahmed FCA Md. Monjurul Ahmed FCA (1161) Co-Chairman: Md. Mahamud Hosain FCA Siddique FCA, Director Md. Ali Akther Rezvi FCA (1183) (Technical)-ICAB

No. 362 January 2020

A S M Nayeem FCA (353) Farhana Sultana ACA (1619) Masih Malik Chowdhury FCA (337) Muhammed Farhad Hussain FCA (452) Fahmida Khan FCA (1636) Md. Abdus Salam FCA (570) Technical Updates Md. Kamrul Hassan FCA (579) Naima Sultana ACA (1688) Md. Syful Islam FCA (615) The NAS ED also includes enhanced Abu Noim Md. Kashem Chowdhury FCA (752) Chaity Basak ACA (1772) Shama Rukh Alam FCA (724) The IESBA’s Exposure Draft ISA 540 (Revised) Auditing Md. Zahirul Islam FCA (777) Most. Marzia Khatun ACA (1833) Md Shaifur Rahman Mazumdar FCA (748) for Proposed Revisions to The guidance to assist firms in evaluating the Accounting Estimates, Md Zahidul Islam Malita FCA (794) Momena Hossain Rupa ACA (1847) Abu Noim Md Kashem Chowdhury FCA (752) Non-assurance Services level of threats to independence when Including Fair Value Md Mahsudur Rahman FCA (815) Mohammad Habibur Rahman Mehrooz Saima ACA (1865) Provisions of the Code and providing NAS to audit clients. Accounting Estimates, and M Abu Bakar FCA (830) Chowdhury FCA (837) Ummey Honey ACA (1925) Proposed Revisions to the Related Disclosures: Mohammed Sabir Ahmed FCA (949) Mohammed Tofazzul Hussain FCA (848) Mahafuja Akter ACA (1943) Among the key proposed changes to the Md. Yasin Miah FCA (1001) Fee-related Provisions of the Implementation Support: Flow fee-related provisions are: Muhammad Nazrul Islam FCA (884) Member Secretary: Aleya Ferdous, Abdul Hamid FCA (1014) Code Charts and Diagram Parul Das FCA (891) Deputy Director (HR) Farjana Akter Sadi FCA (1098) The International Ethics Standards • A prohibition on firms allowing the The International Standard on Auditing Mohammad Abdul Ohab Miah FCA (901) Naima Sultana ACA (1688) Committee on Public Finance Board for Accountants (IESBA) is audit fee to be influenced by the (ISA) 540 (Revised) Implementation Mohammad Ali FCA (906) and Public Sector Accounting Md. Muktadir Hossain ACA (1846) provision of services other than audit Working Group has developed two Mohammed Sabir Ahmed FCA (949) Chairman: Dr. Md Abu Sayed Khan FCA Member Secretary: Mohammed seeking public comment on exposure Muhammed Abul Hashem FCA (964) Co-Chairman: Md. Mahamud Hosain FCA Emdadul Haque FCA, Technical draft on the following International to the audit client; flowcharts and a diagram to support the Satya Ranjan Mondal FCA (978) Adviser – ICAB Independence Standards: understanding, and effective Members • In the case of PIEs, a requirement to Md. Zillur Rahman FCA (1040) Advisory Committee implementation, of the standard. Md. Shahadat Hossain FCA a. cease to act as auditor if fee Suraiya Zerin FCA (1084) AKM Rafiqul Islam FCA Proposed Revisions to the Mahmudul Hasan Khusru FCA Chairman: • Flowchart 1: ISA 540 (Revised) – Mohammad Aminul Haque FCA (1158) Non-Assurance Services Provisions dependency on the audit client Anwaruddin Chowdhury FCA (343) Co-Chairman: Abdul Hafiz Choudhury FCA Md. Kishlur Rahman FCA (1197) Requirements, explains the flow of A S M Nayeem FCA (353) of the Code; and continues beyond a specified period; Md. Alauddin FCA (1280) Members the requirements in ISA 540 Abbas Uddin Khan FCA (439) Md. Jainul Abedin FCA (9) and Masud Imran Joarder FCA (1313) b. Proposed Revisions to the (Revised); Muhammed Farhad Hussain FCA (452) AKM Mosharraf Hossain FCA (37) Ramdas Howlader FCA (1457) Fee-Related Provisions of The • Communication of fee-related Mohammad Anwarul Karim FCA (522) Kamal Ziaul Islam FCA (24) • Flowchart 2: ISA 540 (Revised) – Wasequl Huq Reagan FCA (1517) Md Abdus Salam FCA (570) Code. information to TCWG and to the ABM Azizuddin FCA (46) Three Testing Approaches, provides Mousomi Huq ACA (1897) Suraiya Zannath Khan FCA (582) MA Quadir Mollah FCA (73) public to assist their judgments The EDs are aimed at strengthening the an overview of the requirements Member Secretary: Md. Shohel Rana AKM Kamrul Islam FCA (670) Muhammed Abdul Halim Gaznavi FCA (97) about auditor independence. [paragraphs 18–29 of ISA 540 ACA, Chief Financial Officer-ICAB Tariquzzaman Khan FCA (687) Howlader Mahfel Huq FCA (105) non-assurance services (NAS) and the Ghulum Murshed Latiful Quader FCA (760) (Revised)] relating to the three Women Members Empowerment A N Altaf Hussain Siddiqui FCA (60) fee-related independence provisions of The Fees ED also includes enhanced Mohammad Mohiuddin Ahmed FCA (800) testing approaches, including the and Leadership Development Anil Chandra Nath FCA (53) the International Code of Ethics for guidance on identifying, evaluating and Ajit Kumar Paul FCA (908) Abbas Uddin Khan FCA (439) linkages between the testing Committee Md. Eftekhar Ali FCA (910) Professional Accountants (including addressing threats to independence in Maria Howlader FCA Md. Anisur Rahman FCA (226) approaches; and Chairman: Md. Anwar Hossain Chowdhury FCA (931) International Independence Standards) relation to other fee-related matters, Co-Chairman: N K A Mobin FCA Anwaruddin Chowdhury FCA (343) Mohammad Atikuzzaman FCA (986) A K Gulam Kibria FCA (392) (the Code). including the proportion of fees for • Diagram 1: Linkages between ISA Members Sabuj Hossain Chowdhury FCA (1119) Akhtar Sohel Kasem FCA (328) 540 (Revised) and Other ISAs, Among the key changes proposed to the services other than audit to the audit Mohammed Forkan Uddin FCA Sk. Md. Tarikul Islam FCA (1238) Sheikh A. Hafiz FCA (110) fee. shows the interrelationship of the Md. Moniruzzaman FCA Ziaur Rahman Zia FCA (1259) A S M Nayeem FCA (353) NAS provisions are: Md. Alauddin FCA (1280) requirements in ISA 540 (Revised) Md. Mahamud Hosain FCA Muhammed Farhad Hussain FCA (452) The EDs are open for public comments Sk. Ashik Iqbal ACA (1310) • A prohibition on providing NAS to an and other ISAs. This information will Parveen Mahmud FCA (632) Md. Humayun Kabir FCA (462) Md. Didarul Islam ACA (1411) audit client that is a public interest by May 04, 2020. help auditors understand the key Akhtar Sanjida Kasem FCA (643) Nasir Uddin Ahmed FCA (535) Shayema Akter FCA (1413) linkages and in applying all relevant Shama Rukh Alam FCA (724) Jamaluddin Ahmed Ph.D, FCA (498) entity (PIE) if a self-review threat to The proposed Revisions to the Md. Anwar Hossain ACA (1415) Parveen Mahmud FCA (632) requirements in relation to the audit Parul Das FCA (891) independence will be created; Non-Assurance Services Provisions of Mahmudur Rahman ACA (1491) Md. Syful Islam FCA (615) Kishower Amin FCA (1015) of accounting estimates and Rajib Kumar Saha ACA (1773) Md. Abdus Salam FCA (570) • Further tightening of the the Code can be accessed at: Fouzia Haque FCA (1032) disclosures. Mostaque Ahmmed Sarwar ACA (1893) Showkat Hossain FCA (137) Farjana Akter Sadi FCA (1098) circumstances in which materiality Abdus Samad ACA (1971) Masih Malik Chowdhury FCA (337) https://www.ethicsboard.org/publication The implementation support tools can Zareen Mahmud Hosein FCA (1152) Member Secretary: Mohammed may be considered in determining Kamrul Abedin FCA (527) s/proposed-revisions-non-assurance-se be accessed at: Rojina Akhter FCA (1206) the permissibility of a NAS; Emdadul Haque FCA, Technical Adeeb Hossain Khan FCA (652) rvices-provisions-code Ainun Nahar FCA (1277) Adviser – ICAB Dewan Nurul Islam FCA (606) http://www.ifac.org/publications-resourc • Strengthened provisions regarding Ayesha Rahman FCA (1381) A F Nesaruddin FCA (469) The proposed Revisions to the es/isa-540-revised-implementation-sup Audit Committee auditor communication with those Nadia Zaman ACA (1384) Chairman: Abu Sayed Mohammed Muhammad Farooq FCA, Fee-Related Provisions of the Code can port-flow-charts-and-diagram Shayema Akter FCA (1413) President-ICAB charged with governance (TCWG), Nayeem FCA be accessed at: Asma Akhter FCA (1452) Sidhartha Barua FCA, VP (E&E)-ICAB including, for PIEs, a requirement for Proposed Quality Members Evana Hoque ACA (1459) Sabbir Ahmed FCA, VP (T&RA)-ICAB NAS pre-approval by TCWG; and https://www.ethicsboard.org/publication Management Standards Mahmudul Hasan Khusru FCA Anika Sultana FCA (1484) Mohammed Forkan Uddin FCA, VP Md. Aminur Rahman Chowdhury FCA (228) s/proposed-revisions-fee-related-provisi To ensure that firms’ systems continue Romana Ahmed FCA (1494) (O&MS)-ICAB • Stricter requirements regarding the Pear Ali FCA (249) ons-code Farjana Yeasmin FCA (1540) Member Secretary: Maj Gen provision of some NAS, including to be robust and effectively support AFM Alamgir FCA (268) Muhammad Imrul Quayes, ndc, psc Tamara Hussain FCA (1563) certain tax and corporate finance high-quality audits and other Md. Amirul Islam FCA (331) (retd), Secretary & CEO-ICAB Moon Rani Das FCA (1573) advice. engagements, the IAASB has proposed

The proposed International Standard on Auditing 220 (Revised) can be accessed at: https://www.iaasb.org/publications-reso urces/exposure-draft-international-stand ard-auditing-220-revised-quality-0 Publication of 2020 version of IFRS (Blue Book): The soft copy of 2020 version of IFRS (Blue Book) has already been made available at ICAB website in the following link: http://www.icab.org.bd/icabweb/webGe neralContent/view/474245 The IESBA’s Exposure Draft The NAS ED also includes enhanced ISA 540 (Revised) Auditing for Proposed Revisions to The guidance to assist firms in evaluating the Accounting Estimates, Non-assurance Services level of threats to independence when Including Fair Value Provisions of the Code and providing NAS to audit clients. Accounting Estimates, and Proposed Revisions to the Related Disclosures: Fee-related Provisions of the Among the key proposed changes to the Implementation Support: Flow Code fee-related provisions are: Charts and Diagram

The International Ethics Standards • A prohibition on firms allowing the The International Standard on Auditing Board for Accountants (IESBA) is audit fee to be influenced by the (ISA) 540 (Revised) Implementation seeking public comment on exposure provision of services other than audit Working Group has developed two draft on the following International to the audit client; flowcharts and a diagram to support the understanding, and effective Independence Standards: • In the case of PIEs, a requirement to implementation, of the standard. a. Proposed Revisions to the cease to act as auditor if fee • Flowchart 1: ISA 540 (Revised) – Non-Assurance Services Provisions dependency on the audit client Requirements, explains the flow of of the Code; and continues beyond a specified period; the requirements in ISA 540 and b. Proposed Revisions to the (Revised); Fee-Related Provisions of The • Communication of fee-related • Flowchart 2: ISA 540 (Revised) – Code. information to TCWG and to the Three Testing Approaches, provides public to assist their judgments The EDs are aimed at strengthening the an overview of the requirements about auditor independence. non-assurance services (NAS) and the [paragraphs 18–29 of ISA 540 fee-related independence provisions of The Fees ED also includes enhanced (Revised)] relating to the three testing approaches, including the the International Code of Ethics for guidance on identifying, evaluating and linkages between the testing Professional Accountants (including addressing threats to independence in approaches; and International Independence Standards) relation to other fee-related matters, (the Code). including the proportion of fees for • Diagram 1: Linkages between ISA 540 (Revised) and Other ISAs, Among the key changes proposed to the services other than audit to the audit shows the interrelationship of the NAS provisions are: fee. requirements in ISA 540 (Revised) • A prohibition on providing NAS to an The EDs are open for public comments and other ISAs. This information will audit client that is a public interest by May 04, 2020. help auditors understand the key linkages and in applying all relevant entity (PIE) if a self-review threat to The proposed Revisions to the requirements in relation to the audit independence will be created; Non-Assurance Services Provisions of of accounting estimates and the Code can be accessed at: • Further tightening of the disclosures. circumstances in which materiality https://www.ethicsboard.org/publication The implementation support tools can may be considered in determining s/proposed-revisions-non-assurance-se be accessed at: the permissibility of a NAS; rvices-provisions-code http://www.ifac.org/publications-resourc • Strengthened provisions regarding The proposed Revisions to the es/isa-540-revised-implementation-sup auditor communication with those Fee-Related Provisions of the Code can port-flow-charts-and-diagram charged with governance (TCWG), be accessed at: including, for PIEs, a requirement for Proposed Quality NAS pre-approval by TCWG; and https://www.ethicsboard.org/publication Management Standards s/proposed-revisions-fee-related-provisi • Stricter requirements regarding the To ensure that firms’ systems continue ons-code provision of some NAS, including to be robust and effectively support certain tax and corporate finance high-quality audits and other advice. engagements, the IAASB has proposed

No. 362 January 2020 various enhancements to address firms’ International Standard on Quality the engagement level for audits of systems of quality management, Management 2: Engagement Quality financial statements. It contains previously known as systems of quality Reviews. enhanced and revised requirements and control. The IAASB recently proposed to guidance to: The proposed quality management change the way professional standards can be accessed at: • Highlight the importance of the accountancy firms are expected to public interest role of audits, and https://www.iaasb.org/publications-reso manage quality—for audits, reviews, improve the emphasis on the urces/exposure-draft-international-stand and other assurance and related importance of the appropriate ard-quality-management-1-quality services engagements. application of professional judgment https://www.iaasb.org/publications-resou and exercise of professional In this regard Previously International rces/exposure-draft-international-standar skepticism; Standard on Quality Control 1 will be d-quality-management-2-engagement-0 • Clarify the role and responsibilities of replaced by the Proposed International the engagement partner, particularly Standard on Quality Management 1: Proposed International Standard on Auditing 220 the required involvement of the Quality Management for Firms that (Revised), Quality engagement partner throughout the Perform Audits or Reviews of Financial Management for an Audit of audit, and retain the emphasis on Statements, or Other Assurance or Financial Statements the engagement partner’s Related Services Engagements. responsibility for managing and IAASB proposed International Standard achieving quality at the engagement For the purpose of giving more on Auditing 220 (Revised) ‘Quality level; importance of engagement quality Management for an Audit of Financial reviews in the overall context of quality Statements’. • Modernize ISA 220 for an evolving management, the IAASB has developed environment, including changes in Proposed ISA 220 (Revised) will and proposed a separate standard, audit delivery models and the use of improve the management of quality at technology; and

• Clarify the relationship between ISA 220 and the International Standards on Quality Control/Management, Certificate Course on IFRS including additional clarification of the engagement partner’s and CAB organised certificate course IFRS experts trained from the engagement team’s interaction with on IFRS to enhance the Institute of Chartered Accountants in the firm, and the engagement team’s Icompetence of professionals England and Wales (ICAEW), UK, ability to depend on the firm’s quality management policies or procedures. serving in key position of financial prominent and renowned Chartered sector in Bangladesh. The course Accountantancy Practitioners and The proposed International Standard on covers IFRS for all financial Academicians conducted the Auditing 220 (Revised) can be accessed Institutions. A comprehensive sessions on every Saturday for total at: coverage of all IFRS with all latest eight days extending from 25 January https://www.iaasb.org/publications-reso updates are being transacted in the to 21 March 2020. urces/exposure-draft-international-stand sessions of the training. The objective ard-auditing-220-revised-quality-0 Vice President Sabbir Ahmed FCA, of this training is to acquire in-depth Md. Tareq Kamal FCA, Muhammad Publication of 2020 knowledge about the preparation of Aminul Hoque FCA , Sk. Ashik Iqbal version of IFRS (Blue financial statements in compliances FCA, Sk. Md. Tarikul Islam FCA Book): with IFRS and the application of Mohammad Salahuddin Chowdhury The soft copy of 2020 version of IFRS IFRS in specific cases. FCA, Snehasish Barua FCA, and (Blue Book) has already been made ICAB Members and Professionals Md. Rokonuzzaman FCA are the available at ICAB website in the from financial institutions participated resource persons of the training. following link: in the course. http://www.icab.org.bd/icabweb/webGe neralContent/view/474245

16 The IESBA’s Exposure Draft The NAS ED also includes enhanced ISA 540 (Revised) Auditing for Proposed Revisions to The guidance to assist firms in evaluating the Accounting Estimates, Non-assurance Services level of threats to independence when Including Fair Value Provisions of the Code and providing NAS to audit clients. Accounting Estimates, and Proposed Revisions to the Related Disclosures: Fee-related Provisions of the Among the key proposed changes to the Implementation Support: Flow Code fee-related provisions are: Charts and Diagram

No. 362 January 2020 various enhancements to address firms’ International Standard on Quality the engagement level for audits of BREXIT and its impact in exports during 2017-2018. During this migrants in the UK hope that the post systems of quality management, Management 2: Engagement Quality financial statements. It contains Bangladesh period, goods worth almost USD 4 billion Brexit UK will try to replace high waged previously known as systems of quality Reviews. enhanced and revised requirements and were exported to the UK from east European workers by relatively low control. The IAASB recently proposed to guidance to: The United Kingdom (UK) officially Bangladesh, with 80 percent of them is waged workers from countries such as The proposed quality management left the European Union (EU) on the readymade garments. Pound is Bangladesh. change the way professional • Highlight the importance of the standards can be accessed at: January 31, 2020, ending a 47-year losing its value which will make imports accountancy firms are expected to public interest role of audits, and Bangladesh economy is partly https://www.iaasb.org/publications-reso relationship. The term “Brexit” refers to expensive to the UK. They are likely to manage quality—for audits, reviews, improve the emphasis on the remittance-based. The UK has been a urces/exposure-draft-international-stand the UK’s move to pull out of the shrink imports to compensate for the and other assurance and related importance of the appropriate major source of ard-quality-management-1-quality European Union (EU), a powerful bloc of money spent on purchasing the now application of professional judgment remittance—Bangladesh is in the top-10 services engagements. 28 developed European nations, more expensive Taka. key receivers of remittance from the UK. https://www.iaasb.org/publications-resou and exercise of professional following a referendum in June 2016 in In this regard Previously International Again, under the Everything but Arms A weaker pound will result in low rces/exposure-draft-international-standar skepticism; which the British people voted to leave Standard on Quality Control 1 will be d-quality-management-2-engagement-0 (EBA) arrangement with the EU, remittance sent by our people living in • Clarify the role and responsibilities of the EU by a very small margin, where replaced by the Proposed International Bangladesh was able to get duty-free the UK 51.9 percent voted to leave the EU and Proposed International the engagement partner, particularly access to the Union market as a Least Standard on Quality Management 1: 48.1 percent chose to stay. The UK is a major foreign investor in Standard on Auditing 220 the required involvement of the Developed Country (LDC). Bangladesh Quality Management for Firms that Bangladesh. According to Bangladesh (Revised), Quality engagement partner throughout the Brexit will undoubtedly pose significant gained eligibility for LDC graduation in Perform Audits or Reviews of Financial Bank data, UK is one of the largest Management for an Audit of audit, and retain the emphasis on economic, political and geo-political March 2018 and is expected to graduate Statements, or Other Assurance or investors in Bangladesh, with FDI stock Financial Statements the engagement partner’s implications at various levels—UK into a middle-income country by 2024. Related Services Engagements. of USD 2.27 billion (sep’19). At present, responsibility for managing and domestic, EU-wide, as well as global. The EU has committed to making the IAASB proposed International Standard over 240 UK companies have some type For the purpose of giving more achieving quality at the engagement EBA arrangement available to on Auditing 220 (Revised) ‘Quality Bangladesh has reasons to be of investment in Bangladesh. The fall in level; Bangladesh until 2027, while UK has importance of engagement quality Management for an Audit of Financial concerned about the happenings in the the value of pound could adversely made no such commitments. That reviews in the overall context of quality Statements’. • Modernize ISA 220 for an evolving UK, as Bangladesh maintains a diverse affect UK investment in Bangladesh as it means export to the UK may face heavy management, the IAASB has developed environment, including changes in range of economic relationships both will make local procurement in the Proposed ISA 220 (Revised) will tariff, if Bangladesh Government fails to and proposed a separate standard, audit delivery models and the use of with the UK and the rest-EU. Moreover, country costly in GBP terms. improve the management of quality at negotiate with the UK. technology; and UK was the connectors between As UK will no longer be required to tie-up Bangladesh and EU. Thus, the overall Besides, many goods are exported to • Clarify the relationship between ISA its official development assistance impact of Brexit for Bangladesh will be EU from Bangladesh through the UK; as 220 and the International Standards (ODA) to the EU rules and directions, it both direct, through interfaces of the impact of Brexit, exporter now has to on Quality Control/Management, may provide more assistance to Bangladesh economy with the UK incur additional cost. including additional clarification of Bangladesh considering relationship. economy; and indirect, owing to the the engagement partner’s and Another obvious and more direct impact Although it also depends on the EU-wide and global impacts that could engagement team’s interaction with of Brexit is migration of Bangladeshis in economic conditions of the post Brexit have potential implications for the the firm, and the engagement team’s the UK. Since, UK will likely be more UK. Bangladesh economy. ability to depend on the firm’s quality conservative on labour migration from UK is a key development partner of management policies or procedures. The UK is the third largest export both outside and inside the EU, labour Bangladesh, and the ties between the destination of Bangladesh, making up migration from Bangladesh will also take The proposed International Standard on two countries cover a wide range of for 9.74 percent of total Bangladeshi a hit. However, the Bangladeshi Auditing 220 (Revised) can be accessed areas—trade and commerce, at: business and investment, aid and development support, https://www.iaasb.org/publications-reso people-to-people contact. Thus, it is in urces/exposure-draft-international-stand Bangladesh’s interest to remain ard-auditing-220-revised-quality-0 engaged with the UK in view of the Publication of 2020 emerging scenario. Bangladesh’s version of IFRS (Blue negotiations with the UK, on a bilateral Book): basis or as part of the LDC group, must be informed by the likely adverse The soft copy of 2020 version of IFRS implications of Brexit on Bangladesh (Blue Book) has already been made and other low-income economies. available at ICAB website in the Bangladesh needs to develop an following link: appropriate strategy to address the http://www.icab.org.bd/icabweb/webGe emergent concerns by pursuing a neralContent/view/474245 proactive policy in relation to the UK.

17 No. 362 January 2020 Kamal World’s Best Finance Minister British Magazine Showered Accolade

HM Mustafa Kamal FCA, Finance finance minister in Bangladesh who won Minister, Government of such world accolade. Bangladesh was named as the best A The Finance Minister of the Year awards of finance, minister of the world by The The Banker, owned by the Financial Times Banker, a London-based business Group, celebrate the efforts officials that magazine, beating candidates from Asia have best managed to stimulate growth Pacific, America, Africa, the Middle East and stabilise economies. and Europe. Mr. Kamal was appointed as finance The magazine crowned Kamal with the minister in January last year. Earlier he Finance Minister of the Year for Asia Pacific served as the planning minister of the and Global Award-2020. He is the first government from 2014 to 2018.

ICAB Team Met Chairman, DRC Distributed Blankets Financial Reporting Council team of ICAB led by President Muhammad Farooq FCA paid a courtesy call on CQK Mustaq Ahmed , A Chairman-Financial Reporting Council (FRC) on 6 January 2020 at latter’s office. Different professional issues including mutual collaboration between the two regulators were discussed in the meeting. ICAB team assured FRC Chairman that Institute do not compromise with the quality services of the practicing members and shows zero tolerance to any malpractice. The meeting also discussed the role of CAs in maintaining audit quality and strengthening the ICAB’s monitoring system to CA Firms, active involvement of ICAB in standard settings including ICAB's contribution in the process of review, adoption, training and dissemination of this standard over the years. he Dhaka Regional Committee of ICAB distributed ICAB requested the supreme watchdog body of accounting profession Bangladesh for the implementation of prescribed warm clothes among the cold hit distressed people in audit fees schedule of ICAB. T Parulia area Lalmonirhat on 15 January 2020. ICAB President Muhammad Farooq FCA, Vice Presidents Sabbir The members of ICAB team were Vice Presidents Sidhartha Barua FCA, Sabbir Ahmed and Mohammed Forkan Uddin Ahmed FCA & Mohammed Forkan Uddin FCA, Secretary & FCA, Council Member Md. Shahadat Hossain FCA and ICAB CEO Maj Gen Muhammad Imrul Quayes, ndc, psc (retd) and Senior Deputy Director Md. Saiful Islam FCA. Director (Technical) Mahbub Ahmed Siddique FCA along with the Members of DRC posed for photograph shortly Stakeholders’ Meeting Regarding before the team left the Institute for Parulia Lalmonirhat. Amendment to Companies Act CAB President Muhammad Farooq FCA along with council BCACP Leaders Met ICAB member Md. Shahadat Hossain FCA and ICAB Senior Deputy President IDirector Md. Saiful Islam FCA participated in stakeholders’ meeting on 23 January 2020 at Planning Division, NEC on the Bangladesh Chartered Accountancy Chhatra Parishad amendment of the Companies Act. The meeting particularly (BCACP) leaders met ICAB President Muhammad Farooq focused about the forms & procedure of one person company with FCA on 19 January 2020 at CA Bhaban. They discussed a view to ease of doing business. The meeting was chaired by Md. various issues relating to the students’ affairs like organizing Anisul Haque, MP, Minister, Law, Justice and Parliamentary session for newcomers on career path, increasing facilities at Affairs, Government of Bangladesh. Among others present in the meeting were Finance Minister AHM Mustafa Kamal FCA, Private CA Hostel, etc. The BCACP team was led by its President Sector Industry and Investment Adviser to the Prime Minister, Md Kamrujjaman. President-ICAB gave a patient hearing and Salman F Rahman and Ex Commerce Minister Tofail Ahmed, MP. assured his best cooperation for the issues raised.

Published by the Editorial Board of the Council, The Institute of Chartered Accountants of Bangladesh (ICAB) 100 Kazi Nazrul Islam Avenue, Dhaka 1215; Tel. +8809612612100, +880-2-9115340,18 Fax: +880-2-9125266, E-mail: [email protected], Website: www.icab.org.bd