Number 366 July 2020 ICAB NEWS BULLETIN Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh (ICAB) Strongest and Resilient Economies Need Trustworthy Information

Strongest and Resilient 1 Economies... Information

CRC Donates Medical 3 Equipment... COVID-19

President’s Communication 4

Trustworthy Financial 6 Reporting... Conference

Virtual SAFA Forum on 7 Challenges... Outbreak

Recommendations for 7 Monetary Policy

Virtual Members’ 8 Conference... Challenges

Sabbir Ahmed Participated 9 in ICMA... Webinar he strongest and most resilient Salman F Rahman MP, Private Sector Industry Admission as Fellows 9 economies will be those where people and Investment Adviser to the Honorable Prime T can trust information they receive; the Minister of the Government of the People’s Permission to Start 9 leaders can make well-informed decisions, Republic of Bangladesh attended the Practice businesses can be held to account and public conference as the Chief Guest. Manil Permission to Continue 9 finances are transparent. The skills that the Jaysinghe FCA, President CA Sri Lanka was Practice accountancy profession instills in measuring, present as Special Guest while Dr. In-Ki Joo, reporting and assuring –will be fundamental in President of the International Federation of Permission to Join as 9 Accountants (IFAC) was present as Guest of Partner building a World of Strong Economies. The technical skills, ethical approach and the Honour. Robert Hodgkinson FCA, Executive Permission to Open CA 10 integrity are very important for the purpose. Director, Technical at the Institute of Chartered Firm Under the current pressures of the pandemic, Accountants in England and Wales (ICAEW), Permission to train Articled 10 everybody CAs, in particular should take UK presented the keynote paper. Students particular care in their conduct and applying ICAB President Muhammad Farooq FCA, Permission to Open New 10 judgements. delivered address of welcome while Vice Branch Office International and regional Experts made these President Sabbir Ahmed FCA made opening remarks. Md Humayun Kabir FCA, Member Change of Firm’s Address 10 observations at a virtual conference on the Role Council and Past President of ICAB moderated of Chartered Accountants in Economic Recovery Campus News 11 the session. Mohammed Forkan Uddin FCA, and Promoting Cross-Border Investments' Vice President, ICAB delivered vote of thanks. Technical Updates 11 organised by the Institute of Chartered Obituary 11 Accountants of Bangladesh-ICAB on Saturday Chief guest Salman F Rahman in his speech 11 July 2020 through zoom video conference. utterly expressed his dismay over the trend of Virtual Members’ Conference 12 on ‘Introduction... Workplace’

ISSN 1993-5366

capital market’s downturn, putting the public interest first, area that has to be looked into. So in our works. IFAC will continue to publish information which lead economy volume of revenue collection above and beyond any other those areas, accountants have to have wide range of materials on dedicated forward, promote more transparency from taxes and foreign interests, he said. necessary insights because we are in Covid 19 page on its website. The code and long term benefits for the business that position to understand the business. is a frame work for professional and the economy. In history of many consultants’ involvement in Citing some measures taken by accountants to ensure the obligation of countries including Roman empire, chartered accountants’ the UK Government during this He further said, we need to use this the principles. Out of profession, one Spanish empire and French empire, advisory services in domestic pandemic situation, he said his understandings and knowledge in order has an important role to play in a when they kept public financing and its market. He observed that, government has introduced to help businesses to mitigate the impact collective action, to fight with the ethical unprecedented economic of this crisis and recovery as fast as bookkeeping transparent, the country accountants are now a-days behavior and transparency in all sectors. measures to support possible. In areas such as cost control, flourished. But, when they intentionally also playing important roles in This must be a joint move of the businesses, employers and new sources of finance, cash ignored or denied these, the country advisory services. Big four or government and the civil society. This employees through the management, the supply chain, digital certainly failed. When the public big five who are playing this collective action should include Covid-19 crisis. The members transformation, in house environmental services is failed, the society suffered role. We like to see increasing transparency, commitment to of ICAEW are helping to performance and governance, we have and ordinary people have most to lose. Bangladeshi firms should come existing law’s protection and stimulate implement these schemes to be resilient. These are the areas, we When the professional accountants all mechanisms to fight financial crimes; up strongly and play the –ensuring businesses and have necessary skills, now only we need work in public sector, they are really able money laundering, bribery, including the leading role because these individuals receive the help to sharpen our skills a little bit. Basically to work for those who need the sector’s breach of ethics besides other crimes area the firms who know and they need and that public it is time to apply these skills and support most. that break the ethics. As the government understand BD market much money is being used as contribute to the world business. So, we and the companies sit to review the ICAB President Muhammad Farooq better than any foreigner would intended, with efficiency and need to adopt to global standards, we economies and address the terrible FCA said, The Coronavirus pandemic do, he added. transparency. ICAEW engages need to obviously build our capacity so impact of Covid 19, professional has hit Bangladesh's economy hard with government ministers, that we can act sort of advisor to the accountant in everywhere is to ensure and jeopardized the country's One has to be careful between regulators and banks in the UK, businesses. We need the government to that our principles are obliged impressive achievements specially in advisory role and the audit role. using members’ feedback and formulate and revisit some regulations consistently. There is always a conflict of own in-house expertise to because the regulations must be poverty alleviation. ICAB as a interest. But CAs are able to ensure that businesses’ needed to address the new normal. He also said, every nation has been professional institute, is ready to prove play both the roles, he further concerns are being raised and committing a dramatic expansion of their suggestions to the Government in Dr. In-Ki Joo, President of the said. the gaps and shortcomings in fiscal policy to support people and to preparation of well-thought-out International Federation of Accountants government support are keep their economies vibrant. In this recovery plan and action programs to Keynote speaker Robert (IFAC) said, our commitment to ethics addressed. unparalleled environment the public tackle the toxic impact of the deadly Hodgkinson in the ICAB distinguishes the accountancy sector accounting and the role of disease on economy, he said. Expert Webinar said, we are all aware profession and has the agility to help As special guest Manil accountants in supporting transparency, professionals of the Institute are that as much as Covid 19 is a , President CA through difficult and uncertain situation. Jaysinghe FCA has become even more critically involved in analyzing the impact of health crisis, it is also an Sri Lanka said, ethics and International code of ethics of important. In both developed and COVID-19 on different sectors of the economic crisis which none of public trust must be in the professional accountants plays out of developing nations the professional economy and would suggest the proper us has seen before. forefront of accountants. I do five principles to abide by; integrity, accountants have an impact on strategy and plans for recovery directly Economies are disrupted and not think these should be objectivity, professional competence government fiscal policy in providing or indirectly. We have very important businesses are threatened, the compromised. An accountant and due care, confidentiality and transparent, reliable public financial responsibility for building business accountancy profession has a needs to drive the professional behavior. I encourage information. Accounting profession can confidence among the stakeholders, he vital role to play. organization’s ability and everyone to look at the global provide high quality useful financial further said. Mr. Hodgkinson said, in the innovation which can be professional resources to help and guide strongest and most resilient termed as mirror in a sense that economies people trust accounting profession must information so that leaders reflect activity innovatively, could make well-informed responding to the changes. decisions, businesses are held These are the areas which to account and public finances CPA Canada identifies. In are transparent. The skills that short, it has actually shown the accountancy profession significance of our profession. develops and applies –are the We can add value in many fundamental in building a World ways to business. Through this of Strong Economies. But just mechanism, it can lead to as important as their technical economic recovery. Another skills are the ethical approach area, the pandemic has also and the integrity that they bring reflected is on the SMEs (Small to their work. Under the current and Medium Enterprises). In pressures of the pandemic,they many countries in the region, I must all take particular care in believe this is a very significant their conduct and judgements. sector. If you want economic recovery to happen, I think Behaving ethically often means SMEs sector has also to be having to make tough recovered. So, it is a critical decisions. It often means he strongest and most resilient Salman F Rahman MP, Private Sector Industry economies will be those where people and Investment Adviser to the Honorable Prime can trust information they receive; the Minister of the Government of the People’s leaders can make well-informed decisions, Republic of Bangladesh attended the businesses can be held to account and public conference as the Chief Guest. Manil finances are transparent. The skills that the Jaysinghe FCA, President CA Sri Lanka was accountancy profession instills in measuring, present as Special Guest while Dr. In-Ki Joo, reporting and assuring –will be fundamental in President of the International Federation of building a World of Strong Economies. The Accountants (IFAC) was present as Guest of technical skills, ethical approach and the Honour. Robert Hodgkinson FCA, Executive integrity are very important for the purpose. Director, Technical at the Institute of Chartered Under the current pressures of the pandemic, Accountants in England and Wales (ICAEW), everybody CAs, in particular should take UK presented the keynote paper. particular care in their conduct and applying ICAB President Muhammad Farooq FCA, judgements. delivered address of welcome while Vice International and regional Experts made these President Sabbir Ahmed FCA made opening remarks. Md Humayun Kabir FCA, Member observations at a virtual conference on the Role Council and Past President of ICAB moderated of Chartered Accountants in Economic Recovery the session. Mohammed Forkan Uddin FCA, and Promoting Cross-Border Investments' Vice President, ICAB delivered vote of thanks. organised by the Institute of Chartered Accountants of Bangladesh-ICAB on Saturday Chief guest Salman F Rahman in his speech 11 July 2020 through zoom video conference. utterly expressed his dismay over the trend of

No. 366

capital market’s downturn, putting the public interest first, area that has to be looked into. So in our works. IFAC will continue to publish information which lead economy Editorial Note from volume of revenue collection above and beyond any other those areas, accountants have to have wide range of materials on dedicated forward, promote more transparency Chairman – Editorial Board from taxes and foreign interests, he said. necessary insights because we are in Covid 19 page on its website. The code and long term benefits for the business that position to understand the business. is a frame work for professional and the economy. In history of many consultants’ involvement in Citing some measures taken by accountants to ensure the obligation of countries including Roman empire, chartered accountants’ the UK Government during this He further said, we need to use this the principles. Out of profession, one Spanish empire and French empire, advisory services in domestic pandemic situation, he said his understandings and knowledge in order has an important role to play in a market. He observed that, government has introduced to help businesses to mitigate the impact when they kept public financing and its collective action, to fight with the ethical unprecedented economic of this crisis and recovery as fast as bookkeeping transparent, the country accountants are now a-days behavior and transparency in all sectors. measures to support possible. In areas such as cost control, flourished. But, when they intentionally also playing important roles in This must be a joint move of the businesses, employers and new sources of finance, cash ignored or denied these, the country advisory services. Big four or government and the civil society. This employees through the management, the supply chain, digital certainly failed. When the public big five who are playing this collective action should include Covid-19 crisis. The members transformation, in house environmental services is failed, the society suffered role. We like to see increasing transparency, commitment to of ICAEW are helping to performance and governance, we have and ordinary people have most to lose. Dear readers, Bangladeshi firms should come existing law’s protection and stimulate implement these schemes to be resilient. These are the areas, we When the professional accountants We passed the month of July ’20 with uncertainty as the all mechanisms to fight financial crimes; up strongly and play the –ensuring businesses and have necessary skills, now only we need work in public sector, they are really able COVID 19 continues to take lives and increasing sufferings of money laundering, bribery, including the leading role because these individuals receive the help to sharpen our skills a little bit. Basically to work for those who need the sector’s the people and the economy. The world eagerly waits for a breach of ethics besides other crimes area the firms who know and they need and that public it is time to apply these skills and support most. vaccine. Public health experts are hoping that one or several that break the ethics. As the government understand BD market much money is being used as contribute to the world business. So, we vaccines for COVID-19 will be ready by 2021 if not by 2020. and the companies sit to review the ICAB President Muhammad Farooq better than any foreigner would intended, with efficiency and need to adopt to global standards, we Being in the corona war, policymakers worldwide are engaged economies and address the terrible FCA said, The Coronavirus pandemic do, he added. transparency. ICAEW engages need to obviously build our capacity so in damage-control of the economic losses at the moment and impact of Covid 19, professional has hit Bangladesh's economy hard with government ministers, that we can act sort of advisor to the preparing for confronting the upcoming economic crisis. There accountant in everywhere is to ensure and jeopardized the country's One has to be careful between regulators and banks in the UK, businesses. We need the government to are evidences and indications that financial and banking that our principles are obliged impressive achievements specially in advisory role and the audit role. using members’ feedback and formulate and revisit some regulations industries around the globe might have to face remarkable consistently. There is always a conflict of own in-house expertise to because the regulations must be poverty alleviation. ICAB as a instability in the forthcoming months. Now, it is time for the interest. But CAs are able to professional institute, is ready to prove government as well as business enterprises to assess the ensure that businesses’ needed to address the new normal. He also said, every nation has been play both the roles, he further suggestions to the Government in situation and chalk out a long-term plan to control damage & concerns are being raised and committing a dramatic expansion of their said. Dr. In-Ki Joo, President of the preparation of well-thought-out adopt appropriate fiscal policies as well as tax structure to face the gaps and shortcomings in fiscal policy to support people and to International Federation of Accountants the catastrophic situation. No doubt, it is difficult as many government support are keep their economies vibrant. In this recovery plan and action programs to Keynote speaker Robert (IFAC) said, our commitment to ethics countries are either witnessing 2nd wave or apprehensive addressed. unparalleled environment the public tackle the toxic impact of the deadly Hodgkinson in the ICAB distinguishes the accountancy about 2nd wave. sector accounting and the role of disease on economy, he said. Expert Webinar said, we are all aware As special guest Manil profession and has the agility to help accountants in supporting transparency, professionals of the Institute are Bangladesh is facing crises in many fronts. A large number of that as much as Covid 19 is a Jaysinghe FCA, President CA through difficult and uncertain situation. has become even more critically involved in analyzing the impact of city dwellers have been leaving the capital or changing houses health crisis, it is also an Sri Lanka said, ethics and International code of ethics of as their earning was hit hard and many of them lost their important. In both developed and COVID-19 on different sectors of the economic crisis which none of public trust must be in the professional accountants plays out of capacity to pay house rent. Many lower middle class and developing nations the professional economy and would suggest the proper us has seen before. forefront of accountants. I do five principles to abide by; integrity, middle class people who lost their jobs or experienced severe accountants have an impact on strategy and plans for recovery directly Economies are disrupted and not think these should be objectivity, professional competence reduction of earning sources were forced to leave the city due government fiscal policy in providing or indirectly. We have very important businesses are threatened, the compromised. An accountant and due care, confidentiality and to high house rent and other expenses. Adding to the misery, transparent, reliable public financial responsibility for building business accountancy profession has a needs to drive the professional behavior. I encourage it is reported that 70% of migrant workers who returned to information. Accounting profession can confidence among the stakeholders, he vital role to play. organization’s ability and everyone to look at the global Bangladesh for the coronavirus pandemic are now out of work. provide high quality useful financial further said. innovation which can be professional resources to help and guide In this circumstances, the Government has opened the offices, Mr. Hodgkinson said, in the termed as mirror in a sense that so is ICAB. However, major activities are still running through strongest and most resilient accounting profession must online. This New Normal is going to stay here and elsewhere economies people trust as many predicts. information so that leaders reflect activity innovatively, could make well-informed responding to the changes. ICAB this month held a good number of members’ These are the areas which conferences/ webinar through online conferencing. A good decisions, businesses are held CPA Canada identifies. In turnout of members was visible. Office bearers are trying their to account and public finances short, it has actually shown best to keep up the momentum of all activities of the institute. are transparent. The skills that the accountancy profession significance of our profession. Meanwhile, the country counts death of people due to COVID develops and applies –are the We can add value in many 19 and its fallout. fundamental in building a World ways to business. Through this In these days of uncertainty and agony, let us pray for of Strong Economies. But just mechanism, it can lead to everyone. Our prayer to all the departed souls, who have left as important as their technical economic recovery. Another us due to this pandemic. We also pray to Almighty that we skills are the ethical approach area, the pandemic has also don’t have to see the demise of our fellow members or any and the integrity that they bring reflected is on the SMEs (Small country men because of this pandemic. May we get back to to their work. Under the current and Medium Enterprises). In our normal life sooner than later. pressures of the pandemic,they many countries in the region, I Best regards. must all take particular care in believe this is a very significant their conduct and judgements. sector. If you want economic recovery to happen, I think Behaving ethically often means SMEs sector has also to be having to make tough Dr. Md. Abu Sayed Khan FCA recovered. So, it is a critical decisions. It often means

2 he strongest and most resilient Salman F Rahman MP, Private Sector Industry economies will be those where people and Investment Adviser to the Honorable Prime can trust information they receive; the Minister of the Government of the People’s leaders can make well-informed decisions, Republic of Bangladesh attended the businesses can be held to account and public conference as the Chief Guest. Manil finances are transparent. The skills that the Jaysinghe FCA, President CA Sri Lanka was accountancy profession instills in measuring, present as Special Guest while Dr. In-Ki Joo, reporting and assuring –will be fundamental in President of the International Federation of building a World of Strong Economies. The Accountants (IFAC) was present as Guest of technical skills, ethical approach and the Honour. Robert Hodgkinson FCA, Executive integrity are very important for the purpose. Director, Technical at the Institute of Chartered Under the current pressures of the pandemic, Accountants in England and Wales (ICAEW), everybody CAs, in particular should take UK presented the keynote paper. particular care in their conduct and applying ICAB President Muhammad Farooq FCA, judgements. delivered address of welcome while Vice International and regional Experts made these President Sabbir Ahmed FCA made opening remarks. Md Humayun Kabir FCA, Member observations at a virtual conference on the Role Council and Past President of ICAB moderated of Chartered Accountants in Economic Recovery the session. Mohammed Forkan Uddin FCA, and Promoting Cross-Border Investments' Vice President, ICAB delivered vote of thanks. organised by the Institute of Chartered Accountants of Bangladesh-ICAB on Saturday Chief guest Salman F Rahman in his speech 11 July 2020 through zoom video conference. utterly expressed his dismay over the trend of

No. 366 capital market’s downturn, putting the public interest first, area that has to be looked into. So in our works. IFAC will continue to publish information which lead economy volume of revenue collection above and beyond any other those areas, accountants have to have wide range of materials on dedicated forward, promote more transparency from taxes and foreign interests, he said. necessary insights because we are in Covid 19 page on its website. The code and long term benefits for the business that position to understand the business. is a frame work for professional and the economy. In history of many consultants’ involvement in Citing some measures taken by accountants to ensure the obligation of countries including Roman empire, chartered accountants’ the UK Government during this He further said, we need to use this the principles. Out of profession, one Spanish empire and French empire, advisory services in domestic pandemic situation, he said his understandings and knowledge in order has an important role to play in a market. He observed that, government has introduced to help businesses to mitigate the impact when they kept public financing and its collective action, to fight with the ethical unprecedented economic of this crisis and recovery as fast as bookkeeping transparent, the country accountants are now a-days behavior and transparency in all sectors. measures to support possible. In areas such as cost control, flourished. But, when they intentionally also playing important roles in This must be a joint move of the businesses, employers and new sources of finance, cash ignored or denied these, the country advisory services. Big four or government and the civil society. This employees through the management, the supply chain, digital certainly failed. When the public big five who are playing this collective action should include Covid-19 crisis. The members transformation, in house environmental services is failed, the society suffered role. We like to see increasing transparency, commitment to of ICAEW are helping to performance and governance, we have and ordinary people have most to lose. Bangladeshi firms should come existing law’s protection and stimulate implement these schemes to be resilient. These are the areas, we When the professional accountants all mechanisms to fight financial crimes; up strongly and play the –ensuring businesses and have necessary skills, now only we need work in public sector, they are really able money laundering, bribery, including the leading role because these individuals receive the help to sharpen our skills a little bit. Basically to work for those who need the sector’s breach of ethics besides other crimes area the firms who know and they need and that public it is time to apply these skills and support most. that break the ethics. As the government understand BD market much money is being used as contribute to the world business. So, we and the companies sit to review the ICAB President Muhammad Farooq better than any foreigner would intended, with efficiency and need to adopt to global standards, we economies and address the terrible FCA said, The Coronavirus pandemic do, he added. transparency. ICAEW engages need to obviously build our capacity so impact of Covid 19, professional has hit Bangladesh's economy hard with government ministers, that we can act sort of advisor to the accountant in everywhere is to ensure and jeopardized the country's One has to be careful between regulators and banks in the UK, businesses. We need the government to that our principles are obliged impressive achievements specially in advisory role and the audit role. using members’ feedback and formulate and revisit some regulations consistently. There is always a conflict of own in-house expertise to because the regulations must be poverty alleviation. ICAB as a interest. But CAs are able to ensure that businesses’ needed to address the new normal. He also said, every nation has been professional institute, is ready to prove play both the roles, he further concerns are being raised and committing a dramatic expansion of their suggestions to the Government in President of the said. the gaps and shortcomings in Dr. In-Ki Joo, fiscal policy to support people and to preparation of well-thought-out International Federation of Accountants government support are keep their economies vibrant. In this recovery plan and action programs to Keynote speaker Robert (IFAC) said, our commitment to ethics addressed. unparalleled environment the public tackle the toxic impact of the deadly Hodgkinson in the ICAB distinguishes the accountancy sector accounting and the role of disease on economy, he said. Expert Webinar said, we are all aware As special guest Manil profession and has the agility to help accountants in supporting transparency, professionals of the Institute are that as much as Covid 19 is a Jaysinghe FCA, President CA through difficult and uncertain situation. has become even more critically involved in analyzing the impact of health crisis, it is also an Sri Lanka said, ethics and International code of ethics of important. In both developed and COVID-19 on different sectors of the economic crisis which none of public trust must be in the professional accountants plays out of developing nations the professional economy and would suggest the proper us has seen before. forefront of accountants. I do five principles to abide by; integrity, accountants have an impact on strategy and plans for recovery directly Economies are disrupted and not think these should be objectivity, professional competence government fiscal policy in providing or indirectly. We have very important businesses are threatened, the compromised. An accountant and due care, confidentiality and transparent, reliable public financial responsibility for building business accountancy profession has a needs to drive the professional behavior. I encourage information. Accounting profession can confidence among the stakeholders, he vital role to play. organization’s ability and everyone to look at the global provide high quality useful financial further said. Mr. Hodgkinson said, in the innovation which can be professional resources to help and guide strongest and most resilient termed as mirror in a sense that economies people trust accounting profession must information so that leaders reflect activity innovatively, CRC Donates Medical Equipment for Treatment of COVID-19 could make well-informed responding to the changes. hattogram Regional Committee decisions, businesses are held These are the areas which to account and public finances CPA Canada identifies. In (CRC)-ICAB donated 'High flow are transparent. The skills that short, it has actually shown CNasal Cannula, to Chattogram the accountancy profession significance of our profession. General Hospital and Chattogram Field We can add value in many develops and applies –are the Hospital for treatment of COVID-19 fundamental in building a World ways to business. Through this ptients. of Strong Economies. But just mechanism, it can lead to economic recovery. Another as important as their technical A team of CRC-ICAB visited DC Office area, the pandemic has also skills are the ethical approach and Chattogram Field Hospital to hand and the integrity that they bring reflected is on the SMEs (Small over the medical equipment on 16 July to their work. Under the current and Medium Enterprises). In pressures of the pandemic,they many countries in the region, I 2020. must all take particular care in believe this is a very significant Chattogram Distric Commissioner their conduct and judgements. sector. If you want economic recovery to happen, I think Mohammad Elius Hossain and Dr. The members of CRC team were ICAB Honorary Srcretary Subash Chandra Behaving ethically often means SMEs sector has also to be Bidduth Barua cordially received the Vice-President Sidhartha Barua FCA, Chowdhury FCA and Fellow member having to make tough recovered. So, it is a critical medical equipment from the CRC. CRC Chairman Kamrul Islam FCA, Mohammad Abul Kashem FCA. decisions. It often means

3 No. 366

Past President of ICAB moderated the presented the keynote paper of the educational institutions have been session. I believe that the session was Conference. declared closed since March-end on the an excellent learning experience for our ground of ensuring physical distance. The distinguished Panel Speakers Mr. M members particularly from the expert The unpredictability of the pandemic's Ala Uddin Ahmad FCA, CEO, MetLife int’l speakers. The issue of financial duration makes it almost impossible for Limited & Metropolitan Life Insurance reporting and the responsibility of an the authorities to fix a date to reopen the Co Ltd, Hong Kong, Mr.AHM Kibria auditor in economic recovery during the institutions. With the ups and downs in FCA, Senior Manager, Group Financial President’s pandemic caused by covid 19 was the Covid-19 intensity, like everyone in Reporting, AMP, Australia, Mr. AKM discussed at length. the country's education sector, ICAB is Fazlur Rahman FCA, Chairman, ICAB Communication also passing a traumatic time. However, Virtual Members' Conference focused UK Chapter Management Committee, we continued taking online classes. on 'Bringing Improvement in the and Mr. Sarwar Azam Khan FCA from Though, we missed the regular Financial Reporting and Quality of ICAB North American Chapter spoke May-June Exam session this year, we Auditing', was held on 4 July 2020 from their experiences of respective are contemplating to compensate that through Zoom Video Conference. Mr. residing country perspectives. CQK Mustaq Ahmed, Chairman, whatever the situation turns out to be. Virtual members’ conference on Financial Reporting Council (FRC) was Dear fellow members and colleagues With this, let me update you about The Dear Members, in the month of July, we present as the Chief Guest and Prof. Dr. ‘Introduction to Modern Workplace’ activities of the Month of July 2020 lost two of our comrades; Mr. Md. 12 July 2020 through Zoom Assalamualaikum and greetings to you all, Shaikh Shamsuddin Ahmed, held on Enayet Ullah FCA passed away due to International Webinar on Role of Commissioner, Bangladesh Securities Video Apps. Mr. Mustafa Jabbar, The pandemic of Covid-19 has passed COVID 19 and Mr. Ajit Kumar Dhar FCA Chartered Accountants in Economic and Exchange Commission (BSEC) was Honourable Minister, Posts and about four months in our country. Given the passed away because of cardiac arrest. Recovery and Promoting Cross-Border there as special guest. Mr. Muhammed Telecommunications Division (PTD), changed style of conferences and My heart goes out to the bereaved Investments' was organised on 11 July Farhad Hussain FCA, Past President of GoB attended the conference as the discussions now in vogue, the traditional families and friends of the deceased. 2020 through zoom video conference. Mr. ICAB acted as the session chairman chief guest. The session was opened by gathering of people might not eventually be May their soul rest in peace. Meanwhile, Salman F Rahman MP, Private Sector while the session was opened by me me, while Mr. Akhtar Sohel Kasem FCA, as before. Gradually we will have to learn to we pray to Almighty that the world finds Industry and Investment Adviser to the through an address of welcome. Mr. Member Council and Past President and adapt and respond to the new normal. a viable vaccine and we don’t have to Honorable Prime Minister of GoB attended Mahbub Ahmed Siddique FCA, Director Chairman of the Information & Amidst the situation, we are trying to see people being infected and dying of the conference as the Chief Guest. Mr. Technical-ICAB presented the keynote Communication Technology Committee continue all the activities of the institute as COVID 19 and its fallout. Manil Jaysinghe FCA, President of CA Sri paper. The purpose of this conference (ICTC) of ICAB was the session smoothly as possible. Lanka was present as special guest and Dr. was to exchange views on the chairman. Mr. Muhammad Mirsad With these, I would like to wrap up today. My dear fraternity, we are continuing our In-Ki Joo, President of IFAC was present as challenges and way forward to improve Hossain, Head of Software Business, We pray to Almighty for His divine works through digital platform during this guest of honour. Mr. Robert Hodgkinson the financial reporting and quality of Smart Technologies BD Ltd presented blessings to protect us from this times. The month of July witnessed a FCA, Executive Director, Technical at the auditing. the keynote paper. The topic was pandemic and its fallout. We pray for number of important virtual CPD programs Institute of Chartered Accountants in interesting and I think members got the everyone’s good health and well beings. Virtual Members’ Conference on where the online participation of Members England and Wales (ICAEW), UK answer they are looking as to why Overcoming Covid-19 Challenges was encouraging. We also held good presented the keynote paper. embracing New Normal is the order of was organized on 5 July 2020 where Mr. number of council meeting, EC meeting and the day. Address of welcome was delivered by me Kamrul Abedin FCA, Member Council & other committee meetings through online while Vice President Mr. Sabbir Ahmed Past President ICAB was the Session Zoom App. I must say we could compensate Dear Members, the most striking part of Muhammad Farooq FCA FCA made opening remarks and Mr. Md Chairman and Mr. Sahadat Hossain President the slow progress that the previous months the country's present new-normal state Humayun Kabir FCA, Member Council and Bishal, Director Abul Khair Group witnessed because of COVID 19. appears to be its education sector. Its

4 No. 366

Past President of ICAB moderated the presented the keynote paper of the educational institutions have been session. I believe that the session was Conference. declared closed since March-end on the an excellent learning experience for our ground of ensuring physical distance. The distinguished Panel Speakers Mr. M members particularly from the expert The unpredictability of the pandemic's Ala Uddin Ahmad FCA, CEO, MetLife int’l speakers. The issue of financial duration makes it almost impossible for Limited & Metropolitan Life Insurance reporting and the responsibility of an the authorities to fix a date to reopen the Co Ltd, Hong Kong, Mr.AHM Kibria auditor in economic recovery during the institutions. With the ups and downs in FCA, Senior Manager, Group Financial pandemic caused by covid 19 was the Covid-19 intensity, like everyone in Reporting, AMP, Australia, Mr. AKM discussed at length. the country's education sector, ICAB is Fazlur Rahman FCA, Chairman, ICAB also passing a traumatic time. However, Virtual Members' Conference focused UK Chapter Management Committee, we continued taking online classes. on 'Bringing Improvement in the and Mr. Sarwar Azam Khan FCA from Though, we missed the regular Financial Reporting and Quality of ICAB North American Chapter spoke May-June Exam session this year, we Auditing', was held on 4 July 2020 from their experiences of respective are contemplating to compensate that through Zoom Video Conference. Mr. residing country perspectives. CQK Mustaq Ahmed, Chairman, whatever the situation turns out to be. Virtual members’ conference on Financial Reporting Council (FRC) was Dear fellow members and colleagues With this, let me update you about The Dear Members, in the month of July, we present as the Chief Guest and Prof. Dr. ‘Introduction to Modern Workplace’ activities of the Month of July 2020 lost two of our comrades; Mr. Md. 12 July 2020 through Zoom Assalamualaikum and greetings to you all, Shaikh Shamsuddin Ahmed, held on Enayet Ullah FCA passed away due to International Webinar on Role of Commissioner, Bangladesh Securities Video Apps. Mr. Mustafa Jabbar, The pandemic of Covid-19 has passed COVID 19 and Mr. Ajit Kumar Dhar FCA Chartered Accountants in Economic and Exchange Commission (BSEC) was Honourable Minister, Posts and about four months in our country. Given the passed away because of cardiac arrest. Recovery and Promoting Cross-Border there as special guest. Mr. Muhammed Telecommunications Division (PTD), changed style of conferences and My heart goes out to the bereaved Investments' was organised on 11 July Farhad Hussain FCA, Past President of GoB attended the conference as the discussions now in vogue, the traditional families and friends of the deceased. 2020 through zoom video conference. Mr. ICAB acted as the session chairman chief guest. The session was opened by gathering of people might not eventually be May their soul rest in peace. Meanwhile, Salman F Rahman MP, Private Sector while the session was opened by me me, while Mr. Akhtar Sohel Kasem FCA, as before. Gradually we will have to learn to we pray to Almighty that the world finds Industry and Investment Adviser to the through an address of welcome. Mr. Member Council and Past President and adapt and respond to the new normal. a viable vaccine and we don’t have to Honorable Prime Minister of GoB attended Mahbub Ahmed Siddique FCA, Director Chairman of the Information & Amidst the situation, we are trying to see people being infected and dying of the conference as the Chief Guest. Mr. Technical-ICAB presented the keynote Communication Technology Committee continue all the activities of the institute as COVID 19 and its fallout. Manil Jaysinghe FCA, President of CA Sri paper. The purpose of this conference (ICTC) of ICAB was the session smoothly as possible. Lanka was present as special guest and Dr. was to exchange views on the chairman. Mr. Muhammad Mirsad With these, I would like to wrap up today. My dear fraternity, we are continuing our In-Ki Joo, President of IFAC was present as challenges and way forward to improve Hossain, Head of Software Business, We pray to Almighty for His divine works through digital platform during this guest of honour. Mr. Robert Hodgkinson the financial reporting and quality of Smart Technologies BD Ltd presented blessings to protect us from this times. The month of July witnessed a FCA, Executive Director, Technical at the auditing. the keynote paper. The topic was pandemic and its fallout. We pray for number of important virtual CPD programs Institute of Chartered Accountants in interesting and I think members got the everyone’s good health and well beings. Virtual Members’ Conference on where the online participation of Members England and Wales (ICAEW), UK answer they are looking as to why Overcoming Covid-19 Challenges was encouraging. We also held good presented the keynote paper. embracing New Normal is the order of was organized on 5 July 2020 where Mr. number of council meeting, EC meeting and the day. Address of welcome was delivered by me Kamrul Abedin FCA, Member Council & other committee meetings through online while Vice President Mr. Sabbir Ahmed Past President ICAB was the Session Zoom App. I must say we could compensate Dear Members, the most striking part of Muhammad Farooq FCA FCA made opening remarks and Mr. Md Chairman and Mr. Sahadat Hossain President the slow progress that the previous months the country's present new-normal state Humayun Kabir FCA, Member Council and Bishal, Director Abul Khair Group witnessed because of COVID 19. appears to be its education sector. Its

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Assisted Audit Techniques (CAAT), the quality audit, the paper presenter including job security. Regulators Trustworthy Financial Reporting Brings Investors’ existing audit fees are not sufficient, he Mahbub Ahmed Siddique pointed out should ensure the fees of the audit said adding that Regulators some issues and challenges for considering the volume of business and Confidence for Pursuing Market Opportunities, involvement in the selection of audit firm improving the quality of audit like nature of company, he opined. and fixing of audit fee may be an option corporate governance, family Say Experts at ICAB Members’ Conference Reporting and Compliance of Corporate to think about. In this connection, the dominated business , conflict of interest, Governance – should be meaningful eporting and compliance of Financial Reporting Council and fraud , corruption, minority and effective. Collaborative among corporate Governance – should Bangladesh Securities and Exchange shareholders, lack of technical skill, low relevant stakeholders are the issues to R be meaningful and effective Commission jointly could work or form a audit fee, lack of collaboration among improve the quality of financial reporting collaborative among relevant task force to develop a strategic plan to regulators and stakeholders, etc. and audit in the country, he said. stakeholders are the issues for improve the quality of financial reporting Independence of preparers, auditors improving the quality of financial and auditing, he suggested. Muhammed Farhad Hussain FCA, Past and regulators could improve the quality reporting and audit in the country President of ICAB acted as the session Describing the responsibilities of of audit, he said, adding that Regulators --according to a keynote paper chairman. presented at ICAB’s virtual members’ management and the auditors for should protect CFOs from any threat conference.

The virtual members' conference focused on 'Bringing Improvement in the Financial Reporting and Quality of Auditing', was organized by the Institute of Chartered Accountants of Bangladesh –ICAB on Saturday, 4 July conference. ‘Whatever is done, one questionable. He cited some of the 2020 through Zoom Video Conference. can’t breach the laws, laws and recent occurrences. CQK Mustaq Ahmed, Chairman, institutions should be regarded,’ he Financial Reporting Council (FRC) was ICAB President Muhammad Farooq said. ‘We can't let institutions fall,’ he present as the Chief Guest and Prof. Dr. FCA said, high quality financial reporting added. FRC Chairman said corporate Shaikh Shamsuddin Ahmed, supports well-informed investment good governance is the first and Commissioner, Bangladesh Securities decisions, thereby facilitating the foremost priority. ‘We have to maintain and Exchange Commission (BSEC) efficient formation and deployment of corporate good governance at any cost. was present as the special guest. capital. So, independent and quality He said the government should stand Muhammed Farhad Hussain FCA, Past audits having consistency is an beside the companies who are facing President of ICAB acted as the session essential tool for trustworthy financial difficult times adding that the FRC is chairman while ICAB President reporting, which brings stakeholders’ taking initiatives to improve the quality Muhammad Farooq FCA delivered confidence when pursuing market of financial reporting. The country will address of welcome. Mahbub Ahmed opportunities, he further said . face a very difficult time in the Siddique FCA, Director Technical-ICAB post-Covid period, he said, urging the He said, as part of our mandatory presented the keynote paper. professional accountants to take inspection program, ICAB evaluates The purpose of this conference was to proactive role in overcomeing the crisis, quality control system of each firm in exchange of views on the challenges he further said. line with IFAC requirements. ICAB takes and way forward to improve the financial necessary actions, if it identifies quality Speaking as special guest, Prof. Dr. reporting and quality of auditing. control in deficiencies, even, proactively Shaikh Shamsuddin Ahmed, take actions against the firm for any Chairman of Financial Reporting Commissioner of the Bangladesh professional misconduct. Council (FRC) CQK Mustaq Ahmed Securities and Exchange Commission said , many companies were adopting (BSEC) said many financial reports are About the role of the auditors, Mr. Farooq ‘various mechanisms’ for the survival not useful. He said there are a lot of said, auditors cannot compromise audit during the Covid-19 pandemic. ‘We are things to improving the quality of quality for audit fee. They should perform hearing companies are taking various financial reporting. high quality audits regardless of the level mechanisms, we are not blaming them, of audit fee. Considering the high level of FRC Executive Director Mohiuddin they are incurring losses, but they have cost to engage audit personnel with Ahmed said audit process and quality of to abide by laws,’ he said while sufficient skill, expertise, and the use of financial reporting are sometimes speaking as Chief Guest at an online information technology like Computer

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Assisted Audit Techniques (CAAT), the quality audit, the paper presenter including job security. Regulators existing audit fees are not sufficient, he Mahbub Ahmed Siddique pointed out should ensure the fees of the audit said adding that Regulators some issues and challenges for considering the volume of business and involvement in the selection of audit firm improving the quality of audit like nature of company, he opined. and fixing of audit fee may be an option corporate governance, family Reporting and Compliance of Corporate to think about. In this connection, the dominated business , conflict of interest, Governance – should be meaningful eporting and compliance of Financial Reporting Council and fraud , corruption, minority and effective. Collaborative among corporate Governance – should Bangladesh Securities and Exchange shareholders, lack of technical skill, low relevant stakeholders are the issues to be meaningful and effective Commission jointly could work or form a audit fee, lack of collaboration among improve the quality of financial reporting collaborative among relevant task force to develop a strategic plan to regulators and stakeholders, etc. and audit in the country, he said. stakeholders are the issues for improve the quality of financial reporting Independence of preparers, auditors improving the quality of financial and auditing, he suggested. Muhammed Farhad Hussain FCA, Past and regulators could improve the quality reporting and audit in the country President of ICAB acted as the session Describing the responsibilities of of audit, he said, adding that Regulators --according to a keynote paper chairman. presented at ICAB’s virtual members’ management and the auditors for should protect CFOs from any threat conference. The virtual members' conference Virtual SAFA Forum on Challenges in Financial focused on 'Bringing Improvement in the Financial Reporting and Quality of Reporting and Way Forward with COVID 19 Outbreak Auditing', was organized by the Institute s a panel discussant Sabbir On a slot of country perspective and Governments due to higher debt, of Chartered Accountants of Ahmed, FCA, Vice President, panel discussion session Mr. Ahmed increasing external trade imbalance, Bangladesh –ICAB on Saturday, 4 July ICAB and Chairman, SAFA spoke on the areas where it requires prospective changes in global exchange conference. ‘Whatever is done, one questionable. He cited some of the A 2020 through Zoom Video Conference. Committee on Professional Ethics & well thought out estimates and rates regime, changing dynamics of can’t breach the laws, laws and recent occurrences. CQK Mustaq Ahmed, Chairman, Independence participated in Virtual judgments on and after the COVID 19 resources and energy use and increased institutions should be regarded,’ he SAFA Forum on Challenges in Financial period. He spoke on the ongoing automation and digital disruption, etc. Financial Reporting Council (FRC) was ICAB President Muhammad Farooq said. ‘We can't let institutions fall,’ he Reporting and Way Forward with COVID economic scenario and some technical present as the Chief Guest and Prof. Dr. FCA said, high quality financial reporting Among other panel discussants were added. FRC Chairman said corporate 19 Outbreak arranged by the CA Sri points on impairment of non-current Shaikh Shamsuddin Ahmed, supports well-informed investment Sanjeev Singhal of Institute of Chartered Lanka on July 27, 2020 at 3.00 PM in SL assets, significant increase in credit risk good governance is the first and Accountants of India (ICAI), Madan Commissioner, Bangladesh Securities decisions, thereby facilitating the time. (SICR)and expected credit losses foremost priority. ‘We have to maintain Krishna Sharma of Institute of Chartered and Exchange Commission (BSEC) efficient formation and deployment of (ECLs), fair value measurement and corporate good governance at any cost. Manil Jayesinghe, President, CA Sri Accountants of Nepal (ICAN), Farrukh was present as the special guest. capital. So, independent and quality classification of financial assets and He said the government should stand Lanka delivered address of welcome Rehman of Institute of Chartered Muhammed Farhad Hussain FCA, Past audits having consistency is an change in business model, etc. beside the companies who are facing while Sue Lloyd, Deputy Chair of the Accountants of Pakistan (ICAP) and President of ICAB acted as the session essential tool for trustworthy financial difficult times adding that the FRC is IASB presented the keynote paper. He also highlighted the areas to be more Manil Jayesinghe of CA Sri Lanka. chairman while ICAB President reporting, which brings stakeholders’ taking initiatives to improve the quality SAFA President also spoke in the focused on; Geo political risks and Nishan Fernando moderated the Muhammad Farooq FCA delivered confidence when pursuing market of financial reporting. The country will event. events, Fiscal sustainability of session. address of welcome. Mahbub Ahmed opportunities, he further said . face a very difficult time in the Siddique FCA, Director Technical-ICAB post-Covid period, he said, urging the He said, as part of our mandatory presented the keynote paper. professional accountants to take inspection program, ICAB evaluates Recommendations for Monetary Policy The purpose of this conference was to proactive role in overcomeing the crisis, quality control system of each firm in egarding Monetary Policy for scope of digital transaction, special lingering COVID-19 impact. Due to exchange of views on the challenges he further said. line with IFAC requirements. ICAB takes FY21, ICAB Council Member Md attention is required for supply of money falling money velocity operational target and way forward to improve the financial necessary actions, if it identifies quality Shahadat Hossain FCA put in rural areas. At the end of July 2020 should be set to increase broad Speaking as special guest, Prof. Dr. R reporting and quality of auditing. control in deficiencies, even, proactively forwards some recommendations which Bangladesh Bank has published money(M2) i.e. deposit. In monetary Shaikh Shamsuddin Ahmed, take actions against the firm for any have been accepted with thanks Monetary policy for FY21.The Monetary policy regarding expanding scope of Chairman of Financial Reporting Commissioner of the Bangladesh professional misconduct. Bangladesh Bank. Policy has been set based on the digital transaction it is mentioned that Council (FRC) CQK Mustaq Ahmed Securities and Exchange Commission Government target of 8.2 percent real country’s significant and untapped Mr. Hossain in his recommendation has said , many companies were adopting (BSEC) said many financial reports are About the role of the auditors, Mr. Farooq GDP growth and 5.4 percent average informal economy is being brought under highlighted a number of some issues. He ‘various mechanisms’ for the survival not useful. He said there are a lot of said, auditors cannot compromise audit general CPI inflation ceiling has been the umbrella of digital financial services point out that deposit is one of the main during the Covid-19 pandemic. ‘We are things to improving the quality of quality for audit fee. They should perform declared in the national budget for FY21. which are contributing to marginal and sources of money supply but it is not hearing companies are taking various high quality audits regardless of the level As regards to the Money velocity and rural employment as well as ensuring financial reporting. being increased expectedly as deposit, central bank has disclosed that deposit mobilization. The Monetary mechanisms, we are not blaming them, of audit fee. Considering the high level of compared with the increasing trend of FRC Executive Director Mohiuddin money velocity has fallen in FY20 due to Policy has also identified agricultural they are incurring losses, but they have cost to engage audit personnel with loan. Steps need to be taken to increase Ahmed said audit process and quality of the slowdown of economic activities. In sector as priority sector for making to abide by laws,’ he said while sufficient skill, expertise, and the use of the velocity of circulation. To increase financial reporting are sometimes FY21 it may fall further due to the available adequate financial support. speaking as Chief Guest at an online information technology like Computer the money supply through expanding the

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Name Effective Date Virtual Members’ Conference on Overcoming Asifur Rahman FCA (904) 06 July 2020 Partner Covid-19 Challenges Hussain Farhad & Co. Chartered Accountants peakers at a virtual discussion House # 15, Road # 12, Block-F, Niketon said, a state of fear and Gulshan-1, Dhaka-1212 Suncertainty has changed Ajit Kumar Paul FCA (908) 06 July 2020 consumer behaviour during the Partner Covid-19 pandemic. Such insecurity Pinaki & Company has contributed to a reduction in the buy Chartered Accountants “Ahsandell” 2/A, Mymensingh Road (2nd Floor) and sale of goods and services in Shahbagh, Dhaka-1000 Bangladesh and elsewhere in the world. Md. Eftekhar Ali FCA (910) 02 March 2020 They said such behavioral changes of Partner consumers will last for a protracted Kazi Zahir Khan & Co., period even after the pandemic is over Chartered Accountants and some changes will continue forever. Shamsunnahar & Wazi Complex (8th floor, 2nd lift) Flat # 98,31/C/1, Topkhana Road Companies that did not take new Segunbagicha, Dhaka-1 000 approaches, adopt new technologies Subash Chandra Chowdhury FCA (1102) 01 July 2020 and prioritise their actions will not Partner survive the pandemic and the Hoque Bhattacharjee Das & Co. Chartered Accountants post-Covid world. The top managers of Admission as Fellows Meera Bhaban (3rd Floor) a number of companies said job cuts will 1670 Sk. Mujib Road (ln Front of BADC Bhaban) considering uncertainties even in the everyone is for everyone. This is the The following members have been admitted as Fellows of the be considered an indication of a bad Goshaildanga, Agrabad C/A area where there is no sign of time for empathy, collaboration and Institute with effect from the date mentioned against their corporation and this would impact their Chattogram-4100 pandemic, he cited. Mr Bishal said Abul help, he went on to say. names: post-Covid operations too. Mohammed Abul Kashem FCA (1266) 01 July 2020 Khair Group as one of the largest Name Effective Date Mr Kibria said some companies are Partner They said this during a virtual members’ business conglomerates has prioritised Saif Kashem & Co. Kazi Munmun Ahmed FCA (1597) 04 July 2020 shedding jobs to manage their losses Chartered Accountants conference on ‘Overcoming Covid-19 its operations in this trying time. "Our Partner emanating from the pandemic. "We Kamal Chamber (6th Floor), 61 Jubilee Road Challenges hosted by the Institute of centre of rescheduling everything was Ata Khan & Co. should be standing by our employees Kotwali, Chattogram Chartered Accountants of Bangladesh keeping everyone safe and keeping Chartered Accountants and customers; we should be helping (ICAB)’ on 5 July 2020. production on," he said. 67 Motijheel C/A (1st floor), Dhaka-1000 them. Our employees are our asset, we Avee Das FCA (1673) 28 June 2020 Permission to Continue Practice Kamrul Abedin FCA, Member Council & Covid-19 is an eye-opener for everyone can't cut jobs during the pandemic." Manager-Financial Accounting & The following member has been permitted to Continue Past President ICAB acted as the as some corporations cut jobs to adapt ICAB president Muhammad Farooq said Management Reporthing Practice as Public Accountants with effect from the date Session Chairman while Sahadat with the situation but some consider RobiAxiata Ltd. mentioned against his name: the dimension and methodology of Hossain Bishal ACA, Director, Abul manpower as the most important Robi Corporate office (10th floor) business in respect of production, supply Name Effective Date Khair Group presented the keynote component. "Downsizing manpower is 53 Gulshan South Avenue, Dhaka-1212 chain, revenue or sales procedures, Krishnendu Deb Roy FCA (1230) 21 June 2020 paper of the Conference. absolutely a wrong idea. The Md. Mahfuzul Hoque FCA (1681) 01 July 2020 finance, HR, IT, business Partner employees have worked for us for entire C/O: Jalal Uddin Ahmed As Panel Speakers M Ala Uddin Ahmad communications are changed now. Masih Muhith Haque & Co. life, but we can't leave them in a bad 332/2/A (2nd floor), East Nakhalpara Chartered Accountants FCA, CEO, MetLife Limited & Although businesses are interrupted Tejgaon lndustrial Area, Dhaka-1215 time.” Baitul Khair Building (8th Floor) Metropolitan Life Insurance Co Ltd, massively, he said, adapting with the Kamrul Hasan Siddiqui FCA (1706) 19 April 2020 48/4-B, Purana Paltan Hong Kong, AHM Kibria FCA, Senior M Ala Uddin Ahmad, chief executive changed dimension and methodology to Financial Controller House Building Road, Dhaka Manager, Group Financial Reporting, officer of MetLife Limited and overcome the situation is key for survival. Hirdaramani Bangladesh - Kenpark & Regency AMP, Australia, AKM Fazlur Rahman Metropolitan Life Insurance Co Ltd, Mr Farooq said the fight against Covid-19 Plot: 69-85, Karnaphuli Export Processing Zone Permission to Join as Partner FCA, Chairman, ICAB UK Chapter Hong Kong, said Covid-19 has affected cannot be carried out by the government Chattogram Md. Eftekhar Ali FCA (910) has been permitted to form a Management Committee, and Sarwar life insurance sector like any other alone. "It will require an unprecedented partnership and continue practice under the name and style of: Azam Khan FCA from ICAB North sector. People open life insurance out of level of coordination between the public Permission to Start Practice Name Effective Date American Chapter spoke from their a positive perception and expect no and private sectors at the local and The following members have been permitted to Start Practice residing country perspectives. uncertainties and fear, he commented. international levels," he added. Kazi Zahir Khan & Co., 02 March 2020 as Public Accountants with effect from the date mentioned Chartered Accountants "That's why, uncertainties and fear have against their names: In a keynote, Abul Khair Group director Kamrul Abedin, past president of ICAB, Shamsunnahar & Wazi Complex (8th floor, 2nd lift) impacted the life insurance sector Flat # 98,31/C/1, Topkhana Road Sahadat Hossain Bishal said AKM Fazlur Rahman, chairman of ICAB Name Effective Date immensely," Mr Ahmad observed. Segunbagicha, Dhaka-1 000 consumers are spending very UK chapter management committee, Mohammad Saif Uddin FCA (847) 01 July 2020 Partner The other partners of the firm: Kazi Zahirul Kabir FCA (68), cautiously during this coronavirus AHM Kibria, senior manager of Group and Sarwar Azam Khan from ICAB Saif Kashem & Co. Md. Nurul Hossain Khan FCA (240), Abdulla-Al-Mahmud FCA pandemic. People are cutting their Financial Reporting, AMP of Australia, North American chapter, among other, Chartered Accountants (915), Ghulum Morshed Latiful Quader FCA (760) and regular budget and saving money said Covid-19 showed the world that also spoke. Kamal Chamber (6th Floor) Mohammed Enamul Haque Khan FCA (1567). 61 Jubilee Road, Kotwali, Chattogram

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Krishnendu Deb Roy FCA (1230) has been permitted to (1266) as partner to practice as Public Accountant, details form a partnership and continue practice under the name and are as follows: style of: Name and Address Effective Date Name Effective Date Saif Kashem & Co. 01 July 2020 Masih Muhith Haque & Co., 21 June 2020 Chartered Accountants Chartered Accountants Kamal Chamber (6th Floor) UTC Building Level #13 61 Jubilee Road, Kotwali, Chattogram 8 Panthapath, Dhaka-1215 The other partners of the firm: Masih Malik Chowdhury FCA (337), SM Atiar Rahman FCA (574), Muraheb Malik Permission to train Articled Students Chowdhury FCA (1186) and Md. Nazmul Hussain Siddique The following members have been permitted to train Articled FCA (1427). Students with effect from the date mentioned against their respective names: Subash Chandra Chowdhury FCA (1102) has been permitted to form a partnership and continue practice under Name Effective Date the name and style of: Md. Ibrahim Mia FCA (391) 26 February 2020 Name Effective Date Partner S.K. Barua & Co. Hoque Bhattacharjee Das & Co. 01 July 2020 Chartered Accountants, Chartered Accountants House 432 (2nd floor), Road 30 Cosmic Tower (9th floor) New DOHS, Mohakhali, Dhaka-1206 106/Ka, Naya Paltan, Box Culvert Road Motijheel, Dhaka-1000 Kazi Md. Mahboob Kasem FCA (845) 24 January 2020 Partner The other partners of the firm: Md. Ataul Hoque FCA (255), A. Wahab & Co. Avijit Bhattacharjee FCA (824) and Shatadal Das FCA (914). Chartered Accountants Asifur Rahman FCA (904) has been permitted to form a Hotel Purbani, Annex-2 (4th Floor) partnership and continue practice under the name and style of: Dilkusha C/A, Dhaka-1000 Name Effective Date Permission to Open New Branch Office Hussain Farhad & Co. 06 July 2020 Chartered Accountants Masih Muhith Haque & Co., Chartered Accountants has been House # 15, Road # 12, Block-F, Niketon permitted to open a New Branch Office at Purana Paltan with Gulshan-1, Dhaka-1212 Krishnendu Deb Roy FCA (1230), as branch In-charge to practice as Public Accountant as follows: The other partners of the firm: Muhammed Farhad Hussain FCA (452), AKM Fazlul Haque FCA (1090), Md Sayeedur Name and Address Effective Date Rahman FCA (149), Esha Nabila Hussain FCA (1397) and Masih Muhith Haque & Co. 2l June 2020 Sarwar Uddin FCA (779). Chartered Accountants Baitul Khair Buildins (8th Floor) Ajit Kumar Paul FCA (908) has been permitted to form a 48/A-B, Purana Paltan partnership and continue practice under the name and style of: House Buildinq Road, Dhaka Name Effective Date Hoque Bhattacharjee Das & Co., Chartered Accountants has Pinaki & Company 06 July 2020 been permitted to open a New Branch Office at Motijheel with Chartered Accountants Subash Chandra Chowdhury FCA (1102), as branch In-charge “Ahsandell” 2/A to practice as Public Accountant as follows: Mymensingh Road (2nd Floor) Shahbagh, Dhaka-1000 Name and Address Effective Date Hoque Bhattacharjee Das & Co. 01 July 2020 The other partners of the firm: Finaki Das FCA (151), Md. Chartered Accountants Kahir Mahmood FCA (842), Mesbah Uddin FCA (1533) and Cosmic Tower (9th floor) Mohan Adhikari ACA (1729). 106/Ka, Naya Paltan, Box Culvert Road Mohammad Saif Uddin FCA (847) and Mohammed Abul Motijheel, Dhaka-1000 Kashem FCA (1266) have been permitted to form a partnership and continue practice under the name and style of: Change of Firm’s Address Name Effective Date Name & New Address Effective Date Saif Kashem & Co. 01 July 2020 Huda Hossain & Co. 01 March 2020 Chartered Accountants Chartered Accountants Kamal Chamber (6th Floor) Keari Plaza (5th floor) 61 Jubilee Road, Kotwali, Chattogram House # 83, Road # 8/A Dhanmondi, Dhaka-1209 Islam & Co. 03 October 2019 Permission to Open CA Firm Chartered Accountants Saif Kashem & Co., Chartered Accountants has been Amigo 14 Square, Level-12 permitted to open a CA Firm at Chattogram with Mohammad 59/C-61/C Asad Avenue Saif Uddin FCA (847) and Mohammed Abul Kashem FCA Kawran Bazar, Dhaka-1215 No. 366

Name Effective Date Sabbir Ahmed Participated in Asifur Rahman FCA (904) 06 July 2020 Partner ICMA International Webinar Hussain Farhad & Co. abbir Ahmed, FCA, Vice President, ICAB participated Chartered Accountants in an international webinar on ‘the challenges and role House # 15, Road # 12, Block-F, Niketon S of professional accountants amid and post Covid-19 Gulshan-1, Dhaka-1212 era’ which was organized by the Institute of Cost and Ajit Kumar Paul FCA (908) 06 July 2020 Management Accountants(ICMAB) on 5 June 2020. Partner Pinaki & Company As one of the speakers Mr. Ahmed came up with insight Chartered Accountants thoughts on a topic titled as overcoming COVID-19 “Ahsandell” 2/A, Mymensingh Road (2nd Floor) Challenges on Financial Reporting and Role of Professional Shahbagh, Dhaka-1000 Accountants. Among many others, representatives of SAFA, Md. Eftekhar Ali FCA (910) 02 March 2020 CAPA, ICMAP, ICAI, ICAN and ICMASL also took part in the Partner webinar. They spoke about the current state of the profession Kazi Zahir Khan & Co., from their country perspectives and exchanged views on the Chartered Accountants impact of Covid 19 on the economy, and therein way forward. Shamsunnahar & Wazi Complex (8th floor, 2nd lift) Md. Jafar Uddin, Secretary, Ministry of Commerce, Flat # 98,31/C/1, Topkhana Road Segunbagicha, Dhaka-1 000 Government of the People’s Republic of Bangladesh was present as the Chief Guest. Subash Chandra Chowdhury FCA (1102) 01 July 2020 Partner Hoque Bhattacharjee Das & Co. Chartered Accountants Admission as Fellows Meera Bhaban (3rd Floor) 1670 Sk. Mujib Road (ln Front of BADC Bhaban) The following members have been admitted as Fellows of the Goshaildanga, Agrabad C/A Institute with effect from the date mentioned against their Chattogram-4100 names: Mohammed Abul Kashem FCA (1266) 01 July 2020 Name Effective Date Partner Saif Kashem & Co. Kazi Munmun Ahmed FCA (1597) 04 July 2020 Chartered Accountants Partner Kamal Chamber (6th Floor), 61 Jubilee Road Ata Khan & Co. Kotwali, Chattogram Chartered Accountants 67 Motijheel C/A (1st floor), Dhaka-1000 Avee Das FCA (1673) 28 June 2020 Permission to Continue Practice Manager-Financial Accounting & The following member has been permitted to Continue Management Reporthing Practice as Public Accountants with effect from the date RobiAxiata Ltd. mentioned against his name: Robi Corporate office (10th floor) 53 Gulshan South Avenue, Dhaka-1212 Name Effective Date Krishnendu Deb Roy FCA (1230) 21 June 2020 Md. Mahfuzul Hoque FCA (1681) 01 July 2020 Partner C/O: Jalal Uddin Ahmed Masih Muhith Haque & Co. 332/2/A (2nd floor), East Nakhalpara Chartered Accountants Tejgaon lndustrial Area, Dhaka-1215 Baitul Khair Building (8th Floor) Kamrul Hasan Siddiqui FCA (1706) 19 April 2020 48/4-B, Purana Paltan Financial Controller House Building Road, Dhaka Hirdaramani Bangladesh - Kenpark & Regency Plot: 69-85, Karnaphuli Export Processing Zone Chattogram Permission to Join as Partner Md. Eftekhar Ali FCA (910) has been permitted to form a partnership and continue practice under the name and style of: Permission to Start Practice Name Effective Date The following members have been permitted to Start Practice Kazi Zahir Khan & Co., 02 March 2020 as Public Accountants with effect from the date mentioned Chartered Accountants against their names: Shamsunnahar & Wazi Complex (8th floor, 2nd lift) Name Effective Date Flat # 98,31/C/1, Topkhana Road Segunbagicha, Dhaka-1 000 Mohammad Saif Uddin FCA (847) 01 July 2020 Partner The other partners of the firm: Kazi Zahirul Kabir FCA (68), Saif Kashem & Co. Md. Nurul Hossain Khan FCA (240), Abdulla-Al-Mahmud FCA Chartered Accountants (915), Ghulum Morshed Latiful Quader FCA (760) and Kamal Chamber (6th Floor) Mohammed Enamul Haque Khan FCA (1567). 61 Jubilee Road, Kotwali, Chattogram

9

Krishnendu Deb Roy FCA (1230) has been permitted to (1266) as partner to practice as Public Accountant, details form a partnership and continue practice under the name and are as follows: style of: Name and Address Effective Date Name Effective Date Saif Kashem & Co. 01 July 2020 Masih Muhith Haque & Co., 21 June 2020 Chartered Accountants Chartered Accountants Kamal Chamber (6th Floor) UTC Building Level #13 61 Jubilee Road, Kotwali, Chattogram 8 Panthapath, Dhaka-1215 The other partners of the firm: Masih Malik Chowdhury FCA (337), SM Atiar Rahman FCA (574), Muraheb Malik Permission to train Articled Students Chowdhury FCA (1186) and Md. Nazmul Hussain Siddique The following members have been permitted to train Articled FCA (1427). Students with effect from the date mentioned against their respective names: Subash Chandra Chowdhury FCA (1102) has been permitted to form a partnership and continue practice under Name Effective Date the name and style of: Md. Ibrahim Mia FCA (391) 26 February 2020 Name Effective Date Partner S.K. Barua & Co. Hoque Bhattacharjee Das & Co. 01 July 2020 Chartered Accountants, Chartered Accountants House 432 (2nd floor), Road 30 Cosmic Tower (9th floor) New DOHS, Mohakhali, Dhaka-1206 106/Ka, Naya Paltan, Box Culvert Road Motijheel, Dhaka-1000 Kazi Md. Mahboob Kasem FCA (845) 24 January 2020 Partner The other partners of the firm: Md. Ataul Hoque FCA (255), A. Wahab & Co. Avijit Bhattacharjee FCA (824) and Shatadal Das FCA (914). Chartered Accountants Asifur Rahman FCA (904) has been permitted to form a Hotel Purbani, Annex-2 (4th Floor) partnership and continue practice under the name and style of: Dilkusha C/A, Dhaka-1000 Name Effective Date Permission to Open New Branch Office Hussain Farhad & Co. 06 July 2020 Chartered Accountants Masih Muhith Haque & Co., Chartered Accountants has been House # 15, Road # 12, Block-F, Niketon permitted to open a New Branch Office at Purana Paltan with Gulshan-1, Dhaka-1212 Krishnendu Deb Roy FCA (1230), as branch In-charge to practice as Public Accountant as follows: The other partners of the firm: Muhammed Farhad Hussain FCA (452), AKM Fazlul Haque FCA (1090), Md Sayeedur Name and Address Effective Date Rahman FCA (149), Esha Nabila Hussain FCA (1397) and Masih Muhith Haque & Co. 2l June 2020 Sarwar Uddin FCA (779). Chartered Accountants Baitul Khair Buildins (8th Floor) Ajit Kumar Paul FCA (908) has been permitted to form a 48/A-B, Purana Paltan partnership and continue practice under the name and style of: House Buildinq Road, Dhaka Name Effective Date Hoque Bhattacharjee Das & Co., Chartered Accountants has Pinaki & Company 06 July 2020 been permitted to open a New Branch Office at Motijheel with Chartered Accountants Subash Chandra Chowdhury FCA (1102), as branch In-charge “Ahsandell” 2/A to practice as Public Accountant as follows: Mymensingh Road (2nd Floor) Shahbagh, Dhaka-1000 Name and Address Effective Date Hoque Bhattacharjee Das & Co. 01 July 2020 The other partners of the firm: Finaki Das FCA (151), Md. Chartered Accountants Kahir Mahmood FCA (842), Mesbah Uddin FCA (1533) and Cosmic Tower (9th floor) Mohan Adhikari ACA (1729). 106/Ka, Naya Paltan, Box Culvert Road Mohammad Saif Uddin FCA (847) and Mohammed Abul Motijheel, Dhaka-1000 Kashem FCA (1266) have been permitted to form a partnership and continue practice under the name and style of: Change of Firm’s Address Name Effective Date Name & New Address Effective Date Saif Kashem & Co. 01 July 2020 Huda Hossain & Co. 01 March 2020 Chartered Accountants Chartered Accountants Kamal Chamber (6th Floor) Keari Plaza (5th floor) 61 Jubilee Road, Kotwali, Chattogram House # 83, Road # 8/A Dhanmondi, Dhaka-1209 Islam & Co. 03 October 2019 Permission to Open CA Firm Chartered Accountants Saif Kashem & Co., Chartered Accountants has been Amigo 14 Square, Level-12 permitted to open a CA Firm at Chattogram with Mohammad 59/C-61/C Asad Avenue Saif Uddin FCA (847) and Mohammed Abul Kashem FCA Kawran Bazar, Dhaka-1215 Name Effective Date Asifur Rahman FCA (904) 06 July 2020 Partner Hussain Farhad & Co. Chartered Accountants House # 15, Road # 12, Block-F, Niketon Gulshan-1, Dhaka-1212 Ajit Kumar Paul FCA (908) 06 July 2020 Partner Pinaki & Company Chartered Accountants “Ahsandell” 2/A, Mymensingh Road (2nd Floor) Shahbagh, Dhaka-1000 Md. Eftekhar Ali FCA (910) 02 March 2020 Partner Kazi Zahir Khan & Co., Chartered Accountants Shamsunnahar & Wazi Complex (8th floor, 2nd lift) Flat # 98,31/C/1, Topkhana Road Segunbagicha, Dhaka-1 000 Subash Chandra Chowdhury FCA (1102) 01 July 2020 Partner Hoque Bhattacharjee Das & Co. Chartered Accountants Admission as Fellows Meera Bhaban (3rd Floor) 1670 Sk. Mujib Road (ln Front of BADC Bhaban) The following members have been admitted as Fellows of the Goshaildanga, Agrabad C/A Institute with effect from the date mentioned against their Chattogram-4100 names: Mohammed Abul Kashem FCA (1266) 01 July 2020 Name Effective Date Partner Saif Kashem & Co. Kazi Munmun Ahmed FCA (1597) 04 July 2020 Chartered Accountants Partner Kamal Chamber (6th Floor), 61 Jubilee Road Ata Khan & Co. Kotwali, Chattogram Chartered Accountants 67 Motijheel C/A (1st floor), Dhaka-1000 Avee Das FCA (1673) 28 June 2020 Permission to Continue Practice Manager-Financial Accounting & The following member has been permitted to Continue Management Reporthing Practice as Public Accountants with effect from the date RobiAxiata Ltd. mentioned against his name: Robi Corporate office (10th floor) 53 Gulshan South Avenue, Dhaka-1212 Name Effective Date Krishnendu Deb Roy FCA (1230) 21 June 2020 Md. Mahfuzul Hoque FCA (1681) 01 July 2020 Partner C/O: Jalal Uddin Ahmed Masih Muhith Haque & Co. 332/2/A (2nd floor), East Nakhalpara Chartered Accountants Tejgaon lndustrial Area, Dhaka-1215 Baitul Khair Building (8th Floor) Kamrul Hasan Siddiqui FCA (1706) 19 April 2020 48/4-B, Purana Paltan Financial Controller House Building Road, Dhaka Hirdaramani Bangladesh - Kenpark & Regency Plot: 69-85, Karnaphuli Export Processing Zone Chattogram Permission to Join as Partner Md. Eftekhar Ali FCA (910) has been permitted to form a partnership and continue practice under the name and style of: Permission to Start Practice Name Effective Date The following members have been permitted to Start Practice Kazi Zahir Khan & Co., 02 March 2020 as Public Accountants with effect from the date mentioned Chartered Accountants against their names: Shamsunnahar & Wazi Complex (8th floor, 2nd lift) Name Effective Date Flat # 98,31/C/1, Topkhana Road Segunbagicha, Dhaka-1 000 Mohammad Saif Uddin FCA (847) 01 July 2020 Partner The other partners of the firm: Kazi Zahirul Kabir FCA (68), Saif Kashem & Co. Md. Nurul Hossain Khan FCA (240), Abdulla-Al-Mahmud FCA Chartered Accountants (915), Ghulum Morshed Latiful Quader FCA (760) and Kamal Chamber (6th Floor) Mohammed Enamul Haque Khan FCA (1567). 61 Jubilee Road, Kotwali, Chattogram

No. 366

Krishnendu Deb Roy FCA (1230) has been permitted to (1266) as partner to practice as Public Accountant, details form a partnership and continue practice under the name and are as follows: style of: Name and Address Effective Date Name Effective Date Saif Kashem & Co. 01 July 2020 Masih Muhith Haque & Co., 21 June 2020 Chartered Accountants Chartered Accountants Kamal Chamber (6th Floor) UTC Building Level #13 61 Jubilee Road, Kotwali, Chattogram 8 Panthapath, Dhaka-1215 The other partners of the firm: Masih Malik Chowdhury FCA (337), SM Atiar Rahman FCA (574), Muraheb Malik Permission to train Articled Students Chowdhury FCA (1186) and Md. Nazmul Hussain Siddique The following members have been permitted to train Articled FCA (1427). Students with effect from the date mentioned against their respective names: Subash Chandra Chowdhury FCA (1102) has been permitted to form a partnership and continue practice under Name Effective Date the name and style of: Md. Ibrahim Mia FCA (391) 26 February 2020 Name Effective Date Partner S.K. Barua & Co. Hoque Bhattacharjee Das & Co. 01 July 2020 Chartered Accountants, Chartered Accountants House 432 (2nd floor), Road 30 Cosmic Tower (9th floor) New DOHS, Mohakhali, Dhaka-1206 106/Ka, Naya Paltan, Box Culvert Road Motijheel, Dhaka-1000 Kazi Md. Mahboob Kasem FCA (845) 24 January 2020 Partner The other partners of the firm: Md. Ataul Hoque FCA (255), A. Wahab & Co. Avijit Bhattacharjee FCA (824) and Shatadal Das FCA (914). Chartered Accountants Asifur Rahman FCA (904) has been permitted to form a Hotel Purbani, Annex-2 (4th Floor) partnership and continue practice under the name and style of: Dilkusha C/A, Dhaka-1000 Name Effective Date Permission to Open New Branch Office Hussain Farhad & Co. 06 July 2020 Chartered Accountants Masih Muhith Haque & Co., Chartered Accountants has been House # 15, Road # 12, Block-F, Niketon permitted to open a New Branch Office at Purana Paltan with Gulshan-1, Dhaka-1212 Krishnendu Deb Roy FCA (1230), as branch In-charge to practice as Public Accountant as follows: The other partners of the firm: Muhammed Farhad Hussain FCA (452), AKM Fazlul Haque FCA (1090), Md Sayeedur Name and Address Effective Date Rahman FCA (149), Esha Nabila Hussain FCA (1397) and Masih Muhith Haque & Co. 2l June 2020 Sarwar Uddin FCA (779). Chartered Accountants Baitul Khair Buildins (8th Floor) Ajit Kumar Paul FCA (908) has been permitted to form a 48/A-B, Purana Paltan partnership and continue practice under the name and style of: House Buildinq Road, Dhaka Name Effective Date Hoque Bhattacharjee Das & Co., Chartered Accountants has Pinaki & Company 06 July 2020 been permitted to open a New Branch Office at Motijheel with Chartered Accountants Subash Chandra Chowdhury FCA (1102), as branch In-charge “Ahsandell” 2/A to practice as Public Accountant as follows: Mymensingh Road (2nd Floor) Shahbagh, Dhaka-1000 Name and Address Effective Date Hoque Bhattacharjee Das & Co. 01 July 2020 The other partners of the firm: Finaki Das FCA (151), Md. Chartered Accountants Kahir Mahmood FCA (842), Mesbah Uddin FCA (1533) and Cosmic Tower (9th floor) Mohan Adhikari ACA (1729). 106/Ka, Naya Paltan, Box Culvert Road Mohammad Saif Uddin FCA (847) and Mohammed Abul Motijheel, Dhaka-1000 Kashem FCA (1266) have been permitted to form a partnership and continue practice under the name and style of: Change of Firm’s Address Name Effective Date Name & New Address Effective Date Saif Kashem & Co. 01 July 2020 Huda Hossain & Co. 01 March 2020 Chartered Accountants Chartered Accountants Kamal Chamber (6th Floor) Keari Plaza (5th floor) 61 Jubilee Road, Kotwali, Chattogram House # 83, Road # 8/A Dhanmondi, Dhaka-1209 Islam & Co. 03 October 2019 Permission to Open CA Firm Chartered Accountants Saif Kashem & Co., Chartered Accountants has been Amigo 14 Square, Level-12 permitted to open a CA Firm at Chattogram with Mohammad 59/C-61/C Asad Avenue Saif Uddin FCA (847) and Mohammed Abul Kashem FCA Kawran Bazar, Dhaka-1215

10 Name Effective Date Asifur Rahman FCA (904) 06 July 2020 Partner Hussain Farhad & Co. Chartered Accountants House # 15, Road # 12, Block-F, Niketon Gulshan-1, Dhaka-1212 Ajit Kumar Paul FCA (908) 06 July 2020 Partner Pinaki & Company Chartered Accountants “Ahsandell” 2/A, Mymensingh Road (2nd Floor) Shahbagh, Dhaka-1000 Md. Eftekhar Ali FCA (910) 02 March 2020 Partner Kazi Zahir Khan & Co., Chartered Accountants Shamsunnahar & Wazi Complex (8th floor, 2nd lift) Flat # 98,31/C/1, Topkhana Road Segunbagicha, Dhaka-1 000 Subash Chandra Chowdhury FCA (1102) 01 July 2020 Partner Hoque Bhattacharjee Das & Co. Chartered Accountants Admission as Fellows Meera Bhaban (3rd Floor) 1670 Sk. Mujib Road (ln Front of BADC Bhaban) The following members have been admitted as Fellows of the Goshaildanga, Agrabad C/A Institute with effect from the date mentioned against their Chattogram-4100 names: Mohammed Abul Kashem FCA (1266) 01 July 2020 Name Effective Date Partner Saif Kashem & Co. Kazi Munmun Ahmed FCA (1597) 04 July 2020 Chartered Accountants Partner Kamal Chamber (6th Floor), 61 Jubilee Road Ata Khan & Co. Kotwali, Chattogram Chartered Accountants 67 Motijheel C/A (1st floor), Dhaka-1000 Avee Das FCA (1673) 28 June 2020 Permission to Continue Practice Manager-Financial Accounting & The following member has been permitted to Continue Management Reporthing Practice as Public Accountants with effect from the date RobiAxiata Ltd. mentioned against his name: Robi Corporate office (10th floor) 53 Gulshan South Avenue, Dhaka-1212 Name Effective Date Krishnendu Deb Roy FCA (1230) 21 June 2020 Md. Mahfuzul Hoque FCA (1681) 01 July 2020 Partner C/O: Jalal Uddin Ahmed Masih Muhith Haque & Co. 332/2/A (2nd floor), East Nakhalpara Chartered Accountants Tejgaon lndustrial Area, Dhaka-1215 Baitul Khair Building (8th Floor) Kamrul Hasan Siddiqui FCA (1706) 19 April 2020 48/4-B, Purana Paltan Financial Controller House Building Road, Dhaka Hirdaramani Bangladesh - Kenpark & Regency Plot: 69-85, Karnaphuli Export Processing Zone Chattogram Permission to Join as Partner Md. Eftekhar Ali FCA (910) has been permitted to form a partnership and continue practice under the name and style of: Permission to Start Practice Name Effective Date The following members have been permitted to Start Practice Kazi Zahir Khan & Co., 02 March 2020 as Public Accountants with effect from the date mentioned Chartered Accountants against their names: Shamsunnahar & Wazi Complex (8th floor, 2nd lift) Name Effective Date Flat # 98,31/C/1, Topkhana Road Segunbagicha, Dhaka-1 000 Mohammad Saif Uddin FCA (847) 01 July 2020 Partner The other partners of the firm: Kazi Zahirul Kabir FCA (68), Saif Kashem & Co. Md. Nurul Hossain Khan FCA (240), Abdulla-Al-Mahmud FCA Chartered Accountants (915), Ghulum Morshed Latiful Quader FCA (760) and Kamal Chamber (6th Floor) Mohammed Enamul Haque Khan FCA (1567). 61 Jubilee Road, Kotwali, Chattogram

No. 366

Krishnendu Deb Roy FCA (1230) has been permitted to (1266) as partner to practice as Public Accountant, details form a partnership and continue practice under the name and are as follows: style of: Name and Address Effective Date Campus. In accordance with the ICAB-Central Library is still closed to Name Effective Date ICAB Academic Campus News Saif Kashem & Co. 01 July 2020 government instructions and considering avoid mass gathering and to secure of Masih Muhith Haque & Co., 21 June 2020 Chartered Accountants The regular session of Certificate, the existing situation of the country, the students’ from the outbreak of COVID as Chartered Accountants Kamal Chamber (6th Floor) Professional and Advanced Level which class enrolment notice will be announced decided by the management. UTC Building Level #13 61 Jubilee Road, Kotwali, Chattogram started from 03 May 2020 during the 8 Panthapath, Dhaka-1215 for the concerned students in due course. Coronavirus Pandemic through online The above program and activities have The other partners of the firm: Masih Malik Chowdhury FCA Permission to train Articled Students will be closed by August 2020. There are However, ICAB-Academic Campus have been organized by the Head of Student (337), SM Atiar Rahman FCA (574), Muraheb Malik 491 total students besides 71 teachers resumed its office function from May 31, Affairs Division and a team, under the Chowdhury FCA (1186) and Md. Nazmul Hussain Siddique The following members have been permitted to train Articled in the classes. All students are expected 2020 in accordance with the given supervision of the Vice President FCA (1427). Students with effect from the date mentioned against their instructions of the Government. respective names: to sit for the final exams. (Education & Examination)- ICAB, Subash Chandra Chowdhury FCA (1102) has been The Study Manual Department is also Sidhartha Barua FCA, with the guidance permitted to form a partnership and continue practice under Name Effective Date On the other hand, the new session the name and style of: (September-November, 2020) for the open to the students. CA 17-subjects’ and consent of the Chairman, Board of Md. Ibrahim Mia FCA (391) 26 February 2020 fresh Certificate Level students have manual and all current suggested Studies-ICAB, ABM Azizuddin FCA & Name Effective Date Partner answers are available in the books’ sale S.K. Barua & Co. been scheduled to commence on 01 President of ICAB, Muhammad Farooq Hoque Bhattacharjee Das & Co. 01 July 2020 Chartered Accountants, September, 2020 at ICAB-Academic centre at academic campus. FCA. Chartered Accountants House 432 (2nd floor), Road 30 Cosmic Tower (9th floor) New DOHS, Mohakhali, Dhaka-1206 106/Ka, Naya Paltan, Box Culvert Road Motijheel, Dhaka-1000 Kazi Md. Mahboob Kasem FCA (845) 24 January 2020 Partner The other partners of the firm: Md. Ataul Hoque FCA (255), A. Wahab & Co. Technical Updates Avijit Bhattacharjee FCA (824) and Shatadal Das FCA (914). Chartered Accountants be relevant in navigating ethics and tions/files/IESBA-Staff-Q-A-COVID-19- Hotel Purbani, Annex-2 (4th Floor) 1. COVID-19: Ethics & Independence Asifur Rahman FCA (904) has been permitted to form a Considerations independence challenges and risks as a Ethics-Independence-Considerations.p partnership and continue practice under the name and style of: Dilkusha C/A, Dhaka-1000 result of the COVID-19 pandemic. df Name Effective Date To help auditors and other stakeholders Permission to Open New Branch Office navigate ethics and independence This two-part document covers topics 2. Comments on “IFAC Strategic Hussain Farhad & Co. 06 July 2020 Chartered Accountants Masih Muhith Haque & Co., Chartered Accountants has been issues that might arise during the relevant to all professional accountants, Plan for 2021 and Beyond House # 15, Road # 12, Block-F, Niketon permitted to open a New Branch Office at Purana Paltan with COVID-19 pandemic, the IESBA Staff as well as topics specifically related to Consultation” Krishnendu Deb Roy FCA (1230), as branch In-charge to Gulshan-1, Dhaka-1212 has issued Staff questions & answers. auditors and other professional practice as Public Accountant as follows: ICAB submitted its comments on “IFAC accountants in public practice. The other partners of the firm: Muhammed Farhad Hussain The Question and Answer (Q&A) Strategic Plan for 2021 and Beyond FCA (452), AKM Fazlul Haque FCA (1090), Md Sayeedur Name and Address Effective Date Rahman FCA (149), Esha Nabila Hussain FCA (1397) and Masih Muhith Haque & Co. 2l June 2020 publication, COVID-19: Ethics and The Covid-19 related guidance for Consultation” on 17 July 2020. The IFAC Sarwar Uddin FCA (779). Chartered Accountants Independence Considerations highlight auditor reporting can be assessed at: Strategic Plan covers most of the Baitul Khair Buildins (8th Floor) aspects of the International Code of significant and prioritized issues for the Ajit Kumar Paul FCA (908) has been permitted to form a The document can be can be assessed 48/A-B, Purana Paltan Ethics for Professional Accountants development of the accountancy partnership and continue practice under the name and style of: House Buildinq Road, Dhaka at: (including International Independence profession. Name Effective Date Hoque Bhattacharjee Das & Co., Chartered Accountants has Standards) (the IESBA Code) that can https://www.ifac.org/system/files/publica Pinaki & Company 06 July 2020 been permitted to open a New Branch Office at Motijheel with Chartered Accountants Subash Chandra Chowdhury FCA (1102), as branch In-charge “Ahsandell” 2/A to practice as Public Accountant as follows: Mymensingh Road (2nd Floor) Shahbagh, Dhaka-1000 Name and Address Effective Date Hoque Bhattacharjee Das & Co. 01 July 2020 Obituary The other partners of the firm: Finaki Das FCA (151), Md. Chartered Accountants Kahir Mahmood FCA (842), Mesbah Uddin FCA (1533) and Cosmic Tower (9th floor) Mr. Md. Enayet Ullah FCA Mr. Ajit Kumar Dhar FCA Mohan Adhikari ACA (1729). 106/Ka, Naya Paltan, Box Culvert Road (Enrl. # 412) passed away (Enrl no. 723), passed Motijheel, Dhaka-1000 Mohammad Saif Uddin FCA (847) and Mohammed Abul on 26 July 2020 at Anwar away on 17 July 2020 at have been permitted to form a Kashem FCA (1266) Khan Medical College & 03:15 a.m. at his partnership and continue practice under the name and style of: Change of Firm’s Address Hospital, Dhaka due to residence, Dhaka, due to Name Effective Date Name & New Address Effective Date COVID-19 (Innalillahe... cardiac arrest. He was 69. Saif Kashem & Co. 01 July 2020 Huda Hossain & Co. 01 March 2020 Rajeun). On behalf of the Institute, Chartered Accountants Chartered Accountants Kamal Chamber (6th Floor) Keari Plaza (5th floor) On behalf of the Institute, President Muhammad 61 Jubilee Road, Kotwali, Chattogram House # 83, Road # 8/A President Muhammad Farooq FCA expressed Dhanmondi, Dhaka-1209 Farooq FCA expressed condolence to the deep condolence to the Islam & Co. 03 October 2019 Md. Enayet Ullah FCA bereaved family and Ajit Kumar Dhar FCA Permission to Open CA Firm Chartered Accountants bereaved family and sought eternal peace to Saif Kashem & Co., Chartered Accountants has been Amigo 14 Square, Level-12 sought eternal peace to the departed soul. the departed soul. permitted to open a CA Firm at Chattogram with Mohammad 59/C-61/C Asad Avenue Saif Uddin FCA (847) and Mohammed Abul Kashem FCA Kawran Bazar, Dhaka-1215

11 No. 366

Virtual Members’ Conference on ‘Introduction to Modern Workplace’

he Business has drastically changed in the last few months due to The COVID-19 pandemic. TThis situation is influencing the way the companies run their business and manage their people. If companies do not innovate and move forward with the changes, they will be left behind. During Covid-19 period, the chaotic situation is forcing companies across the globe to rethink their business strategies. Only the companies that adapt to these changes can succeed, Speakers told at a virtual conference on Sunday, 12 July 2020 through Zoom Video Conference. Over the past seven months, Covid-19 virus has spread significantly all over the world. As the virus spreads, the society, economy and business are being horizontal line where countries are like laptop, mobile or tablet allows you to impacted. So, now the main concern for running their business in digital platform, work at home, at a coffee shop or at a every organization is how to minimize the he further said. We should not lag behind hotel, he further said. adverse impact of the pandemic in its in this moment and keep ourselves at par operation and performance. Emphasizing We have to take a crucial decision in with other developed countries, he this changing scenario, the Institute of current situation about launching modern added. chartered accountants of workplace through digital transformation Bangladesh-ICAB organized a He said, we do not know what would be to keep businesses running as smoothly conference on ‘Introduction to Modern the situation in post pandemic period. So, as possible. However, driving change Workplace’. we have to prepare ourselves to face the during these chaotic and unprecedented situation right now. We are living in the times are challenging too. The digital Mustafa Jabbar, Honourable Minister, age of fourth industrial revolution, for transformation will also need to invest in Posts and Telecommunications Division which our traditional education system do soft and hardware technology including (PTD), GoB attended the conference as not deliver adequately. Now it is high time infrastructure for faster and better quality the chief guest. ICAB President to update our education system, he data connections and to provide Muhammad Farooq FCA delivered suggested. employees with access to shared address of welcome while Akhtar Sohel documents, Mr Farooq said. Kasem FCA, Member Council and Past Mr. Jabbar said, we have to acquire soft President and Chairman of the skills to survive in the competition of To develop this trend, companies will Information & Communication digital business environment. also have to develop new management Technology Committee (ICTC) of ICAB Information Technology has broken the procedure to track, complete, and assign conducted the session as the session traditional system of trade and business. tasks to individuals and teams, he went chairman. Muhammad Mirsad Hossain, Chartered Accountants should come on. Head of Software Business, Smart forward with their knowledge and The keynote presenter Muhammad Technologies BD Ltd presented the expertise to guide the business leaders in Mirsad Hossain described how the keynote paper. this critical times. CAs could play a technology can drive better business pivotal role through presenting true, fair Mustafa Jabbar said, Bangladesh has outcomes and enhance the productivity information and in-depth analysis of data made tremendous progress in many of organization and even promote the for taking proper decision during and aspects since independence, however, ethical standards. Cutting edge after the pandemic period, he added. inclusive growth of the country has been technology for employers is required to made by able leadership of prime Mr. Farooq said, a modern workplace get things done from anywhere, any time minister sheikh Hasina. Among the allows us to collaborate anywhere, in secured mode. The journey to a countries across the globe Bangladesh anytime on any device which increases modern workplace requires connecting has been declared to be digital in 2008, productivity and keeps workers happy. the people of the organization with the he informed and said that during this The office is now being done now goal of fostering more unified pandemic times, mobile and internet remotely, it no longer requires your interactions and alignment with became integral part of our day to day desktop computer or travel to office from surrounding people contributing to the life. Whole world came in a single Sunday to Thursday. Digital Technology same mission, he said.

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, +880-2-9115340,12 Fax: +880-2-9125266, E-mail: [email protected], Website: www.icab.org.bd