August 2011 ISSN 1993-5366

ICAB News BulletinNo. 262 Monthly News briefing from the Institute of Chartered Accountants of

MEMBER OF: International Federation of Accountants (IFAC) Record Number of Candidates

International Accounting Standards Board (IASB) pass final C A Exams South Asian Federation of Accountants (SAFA) The May-June 2011 ICAB Professional recently.

Confederation of Asian and Examinations saw a record number of 84 The members of the Editorial Board Pacific Accountants (CAPA) candidates who have cleared their Final Exams congratulate the successful candidates and and are now eligible for membership of ICAB. wish them all success in their future IN THIS ISSUE Results of these examinations were published endeavours. Ë Record Number of Candidates pass final CA Exams

Ë Candidates who have passed Professional Stage (Knowledge Level)

Ë Candidates who have passed Application Level Md. Nahid Ullah Imtiaz Alam Sree Shimul Das Md Helal Uddin

Ë President's Communication

Ë Meeting with DFID

Ë Meeting with MoC

Ë Monthly Activities

Ë IFAC News

Ë Member's Status Mohammad Shahadat Ullah Mohammed Md Johirul Islam Md Mosharof Hossain

Ë Obituary

Sk. Bellal Hossain Md. Golam Mostafa Mohammad Osman Goni Salim Ullah Bahadur ICAB News Bulletin No. 262

Gias Uddin Al Mamun Md. Nayeem Ibn Yousuf Md. Anwaruzzaman Esha Nabila Hussain Mohammad Afsar Uddin

Mohammed Farhan Uddin Md. Hafizur Rahman Mohammad Golam Sarwar Mohammad Mokhlesur Rahman Salmaa Khan Mou

Mohammad Touhidur Rahman Azizul Hassan Satter Muhammad Shajedul Hoque Tlukder Mohammad Ali Kawsar Md Anisur Rahaman

Lingkon Mondal Kamal Hossain Ziaur Rahman Zia Md. Shariful Islam Moin Uddin Siddique

Mohammad Saiful Islam Muhammad Kamruzzaman AHM Ariful Islam Muhammad Asaduzzaman Anupam Kumar Roy

August 2011 2 ICAB News Bulletin No. 262

Masud Imran Joarder Mohammad Golam Mostofa Md Al Amin Juel Abu Anas Muhammed Rezaullah Debabrata Roy Chowdhury

Sharmina Tasneem Md Atikur Rahman Md Amir Hossain Mohammad Ali Pathan Md. Masoodur Rahman

Muhammad Abidur Rahman Sk. Ashik Iqbal Shah Md. Jubaer SM Hedaitul Islam Mohammed Shahid Ullah

Md. Ismail Rashed Mustafizur Rahman Taslim Hossain Muhammad Khatibur Rahman S M Nazrul Islam

Mohammad Khabirul Haque Khan Mohammad Didarul Azad Md. Siddiqur Rahman Mohammed Wahidur Rahman Md. Atiar Rahman

August 2011 3 ICAB News Bulletin No. 262

Md Khairul Islam Khan Md. Tazul Islam ASM Faruque Mahmud Khandoker Raihan Ali Ainun Nahar

Anowar Hossain Alauddin Miah Ashraful Haq Amin Priyanka Saha F R M Rashedul Hasan

Mohammad Shirajul Islam Mohammad Fakhrul Alam Patwary Mohammad Asraful Hassan Hasib Ehsan Chowdhury Sushanta Howlader

Shahabub Alam Khan Syed Muhammad Rahmatul Mujeeb Md Mahedi Hasan Md Alauddin Debasish Rakshit

Ali Amjad Choudhury Placid Gomes

August 2011 4 ICAB News Bulletin No. 262

5/5/ICAB-93- In pursuance of bye-law 123 of the Bangladesh Chartered Accountants Bye-laws 2004, the Council of the Institute of Chartered Accountants of Bangladesh (ICAB) has declared the following result of the Professional Stage (Knowledge Level) and Professional Stage (Application Level) of the Institute held in May-June 2011. Candidates who have passed Sl # Reg # Name of Candidates Roll # 61 14761 Manik Paul 1787 Professional Stage (Knowledge Level) 62 14987 Mohammad Aktaruzzaman 1788 63 10526 Mohammad Sayemur Rahman Chowdhury 1789 Sl # Reg # Name of Candidates Roll # 64 16663 Biplob Khan 1829 1 12317 Md Abul Kashem 112 65 4090 Absarul Hoque Chowdhury 1854 2 13973 Mohammed Jamal Hossain 137 66 17604 Sheikh Aminur Islam 1860 3 16159 Amit Chakraborty 213 67 13603 Md. Abdul Quayum 1865 4 13370 Md Anwarul Kabir 233 68 16093 Md Mahmud Hasan Mojumder 1866 5 14093 Md Abu Mansoor 263 69 16099 Md Wahidul Islam 1888 6 17162 Ahmed Golam Kibria 308 7 14950 Mohammad Farhad 320 70 9022 Hamidur Rahman 1908 8 13027 Syed Ashraf-ul-Alam 346 71 16976 Farhana Begum 1929 9 17366 Md Ershad Haroon 369 72 17636 Md. Mustafizur Rahman 1960 10 16588 Mohammed Golam Mortuza 409 73 10004 Khairul Islam 1963 11 16598 Muntasina Monsur 511 74 16259 Md Anwar Hossain 1973 12 17364 Md Masum 518 75 16787 Shakib Al Hasan 1975 13 2905 Ratan Sarkar 640 76 17274 Md. Morshed Alam 2001 14 17944 Md. Anwar Hossain 695 77 16679 Tareq Al Mamun 2002 15 18184 Mohammad Sirajus Salekin 821 78 10515 Eftekhar Ahmed Khan 2003 16 18358 Md. Sajedul Huda Novel 833 79 10272 Rochibul Islam 2004 17 18355 Sadia Ahmed 839 80 13604 Md. Nazmul Ahsan 2012 18 18178 Mehzabeen Ahmed Naveen 845 81 17758 Shib Shankar Shaha 2015 19 18356 Rubayat Sadik 850 82 10575 Sharmistha Saha 2017 20 17959 Md. Eshaque Ali Khondakar 862 83 7257 Sujan Kumar Biswas 2018 21 18354 Joydeb Samadder 883 84 10110 Mohammad Solaiman Uddin 2023 22 18353 Md. Muktar Alam 892 85 15378 Ali Navir Khan 2034 23 18352 Md. Mahbubur Rahman 957 86 17058 Md Raju Ahmed 2050 24 18285 Mohammad 958 87 17083 Moqbul Ahmed Chowdhury 2051 25 18457 Md. Tariqul Islam 988 88 15935 Liton Roy 2066 26 19036 Md. Fuad Hasan 1004 89 15648 Duloton Nahar 2087 27 18494 Avra Adhikary 1013 90 12752 Khandokar Rezaul Karim 2089 28 18565 Nagma Andalib 1017 91 17619 Faisal Mahmud Sajeeb 2108 29 19034 Nur Ahammed Suprim 1024 92 15500 Md Aershad Hossain Khan 2112 30 18437 Suniti Ahmed 1037 93 15991 Labanya Roy 2122 31 19042 Subrata Chardra Das 1073 94 17629 Mohammad Omar Sharif 2146 32 13880 Md Shirajul Islam 1074 95 17549 Mohammad Nur-ul- Ahad 2152 33 19040 Md. Mahedi Hasan 1088 96 16513 Md Monirul Islam 2162 34 18445 Farhana Sultana 1093 97 15993 Mozammel Hoque 2169 35 18443 Bhaskar Chakraborty 1100 98 15879 Mohan Adhikari 2188 36 10358 Md. Atiar Rahman Khan 1198 99 13102 Suraia Parveen 2192 37 15180 Syma Sarker 1248 100 17628 Mohammad Nazrul Islam 2217 38 10870 Md Nasir Uddin 1260 101 17105 Md. Hasan Habib Iman 2232 39 15839 Papon Kumar Bhowmick 1261 102 14200 Rashel Mahmud 2239 40 13141 ANM Rafi Uddin Maulana 1440 103 17110 Risul Islam 2247 41 9714 Mohammad Hamidul Kabir 1452 104 17243 Md. Asif Uddin 2254 42 7145 Mohammad Abdul Hannan 1473 105 5859 Salma Akhter 2255 43 8901 Mohammad Akbar Hossain 1508 44 14081 Lutfun Nahar 1533 106 3915 Mohammad Farid 2260 45 12184 Nazmul Huda 1546 107 17363 Md Mohibul Alam 2263 46 17893 Anirban Mojumder 1565 108 17827 Mustaque Ahmed 2264 47 12370 Ratul Ahmed 1579 109 6271 Mohammed Mizanur Rahman 2368 48 17305 Muhammad Sami Ul Hoque 1586 110 7628 Bijan Bhowmick 2383 49 12510 Muhammad Abdullah-Al-Bakey 1593 111 15494 Md Nasimul Hasan 2389 50 17745 Golam Mohammad Regwanul Hoque 1602 112 13687 Md. Salah Uddin Bhuiyan 2397 51 11239 Md. Harun-Or-Rashid 1620 113 16660 Imran Ahmed 2419 52 12961 Md Manjurul Islam Khan 1630 114 16111 Md Jahangir Alom 2474 53 10040 Pronab Kumar Ghosh 1676 115 15622 Saikat Kumar Das 2484 54 9650 Sk. Mohammad Atiqur Rahman 1677 116 11324 Md. Shakhawat Hossain 2495 55 9492 Muhammad Abdul Latif 1678 117 16956 Sourav Ranjan Das 2525 56 13276 Masudur Rahman 1708 118 11877 Shubhra Roy 2526 57 13101 Md. Asad 1725 119 14253 Md. Asaduzzaman 2529 58 13631 Md Kamrul Hasan 1747 120 12843 Md Abu Helal 2532 59 8519 Shahadat Hossain Chowdhury 1748 121 6495 Mohammad Azam Khan 2580 60 16477 Md Shohel Rana 1757 122 16122 Hadisul Alam 2591

August 2011 5 ICAB News Bulletin No. 262

Sl # Reg # Name of Candidates Roll # Sl # Reg # Name of Candidates Roll # 123 17492 Sujon Sarker 2600 189 12115 Mohammad Shahadat Hossain 3864 124 17494 Mohammad Nannu Mian 2629 190 16426 Mahin Irfan Khan 3872 125 16410 Shahab Uddin 2651 191 17053 Md. Monawar Hossen 3876 126 15087 Ashim Mondol 2658 192 5136 Md. Shamsul Arefin 3903 127 10769 Abu Taher Md Muniruzzaman 2659 193 12831 Muhammad Shakawat Hosen 3911 128 15988 Md Shaidul Islam 2660 194 14538 Sujit Kumar Das 3922 129 14063 Biplob Saha 2715 195 17297 Preeti Rani Dhar 3953 130 11520 Ashraf Uddin 2731 196 17570 Farhana Hoque 3954 131 14182 Abu Shahan Md. Monir 2771 197 9984 Md Habibur Rahman 3968 132 8458 Zakir Hossain Munshe 2773 198 14997 Md Jahid Hasan 3982 133 11682 Md. Mahmudul Hassan 2787 199 16485 Md Abu Al Muid 3983 134 17296 Moriom Sarker 2799 200 11961 Haradhan Paul 3984 135 16989 Md. Mehedi Hasan 2808 201 15690 Mohammad Abul Kashem 3987 136 17116 Anutosh Kumar 2825 202 8499 Mohammad Abu Sufian 3993 137 13121 Rakib Ahmed 2844 203 15686 Shipra Biswas 3994 138 14781 Md Lutfur Rahman 2847 204 17095 Rubaba Khan 4000 139 13353 Md Mofizur Rahaman 2887 205 17527 Nimay Ram 4004 140 16619 Senjuti Maksud 2981 206 10993 Touhid Ullah 4013 141 10424 Nazibullah 3018 207 17180 S. M Atiqur Rahman 4045 142 13228 Rudaina Baree 3049 208 16499 Sahinur Rahman 4054 143 11040 Mohammad Golam Sorwar Mozomder 3103 209 12177 Md. Baha Uddin 4070 144 14607 Mohammad Eshak 3105 210 5639 Md Tajul Islam 4073 145 17618 Kazi Mujahid-ul-Islam 3109 211 14561 Md. Zarzis Hossain 4088 146 15792 Sanjoy Kumar Chakrobharty 3114 212 12108 Md. Osman Goni 4095 147 14447 Parbir Kumar Das 3121 213 14707 Muhammad Hafiz Ulla 4118 148 10845 Jashim Uddin 3122 214 15425 Adhir Chandra Basak 4126 149 14238 Md Ariful Hasan 3126 215 15642 Mohammad Saifur Rahman 4176 150 15291 Md Mahbubul Haque 3130 216 15643 Ihsanul Habib 4192 151 15639 SM Tipu Sultan 3150 217 16270 Mohammad Jakir Hossin Bhuiyan 4196 152 12112 Mohammed Alamgir Hossain 3187 218 15031 Muhammad Monir Hossen Dhalee 4239 153 12251 Thuhidul Islam 3194 219 16094 Md Mahbubul Islam 4245 154 5049 Golam Mohammad 3206 220 11833 Md Manirul Islam 4313 155 11629 Afroza Islam 3208 221 8732 Mohammad Mahamood Rassul 4345 156 17777 Mohammad Murshedun Nabi 3302 222 13177 Mohammad Monzurul Ahsan 4358 157 15806 Md Borkot Hossain 3334 223 16487 Mohammad Ashab Jamil 4370 158 14351 Mohammad Nazrul Islam 3379 224 16486 Aznan Jamil 4380 159 17276 Md. Sohel Rana 3394 225 15987 Johera Mursheda 4387 160 16102 Iman Kumar Saha 3426 226 16614 A. M. Zubael Abul Siddique 4390 161 17461 Taniya Fardus 3437 227 17814 Nargis Banu 4413 162 13076 Abu Naim Md. Shariful Islam 3439 228 17309 Abul Fazal Md Sayeem 4416 163 13490 Md Monir Hossen Mazi 3481 229 16338 Shib Shankar Dey 4419 164 18074 Md. Ali Reza 3485 230 17292 Md Ashikur Rahman Chowdhury 4429 165 10344 Md Ohidul Islam 3487 231 12800 Md. Farhadul Alam 4442 166 15070 Farzana Afrin Tani 3488 232 12740 Mohammad Mosheur Rahman 4457 167 17193 Abu Sufian 3491 233 11863 Mohammad Mustafizur Rahaman 4484 168 15390 Mohammad Mahbub Hossain 3495 234 9753 Sukhen Chandra Deb Nath 4522 169 11700 Md Musa Khan 3497 235 6836 Mohammad Iqbal Hossain Milton 4557 170 17873 Md Abdul Hannan 3515 236 5909 Mohammad Alauddin 4569 171 3944 Md. Ariful Hoque 3518 237 16772 Deb Manik Kumar 4575 172 12658 Md. Shibbir Ahammed 3521 238 16418 Md Habibur Rahman 4666 173 14250 Mahbub-E-Habib 3541 239 12750 Mohammad Mosharaf Hossain 4672 174 14842 Mohammad Humayun Kabir 3545 240 16569 Rakiba Fateme Shemu 4745 175 8054 Ahammeder Rahman Chowdhury 3550 241 13549 Muhammad Moniruzzaman 4758 176 14966 Md Robin Sayeed 3552 242 13608 Abeda Binte Hasan 4772 177 5201 Md. Aman Ullah 3569 178 16825 Muhammad Habibur Rahman 3593 Candidates who have passed 179 12583 Md. Enayet Hossain 3600 180 14252 Kazi Atikuzzaman 3611 Application Level 181 13441 Tapas Kumar Das 3621 182 16661 Md. Ziaul Haque 3701 Sl # Reg # Name of Candidates Roll # 183 18989 Mohammad Abu Hanif Meah 3722 1 17630 Md Farhad Hussain Suman 5019 184 15241 Arindra Nath Sen 3746 2 17304 Md Shihabur Reza 5113 185 8686 Pangkaj Kanti Saha 3747 3 16721 Muhammad Masum Billah 5115 186 14191 Md. Farhad Hossain 3751 4 17333 Sujan Chandra Paul 5116 187 11669 Sarkar Mahboob-Us-Sobhan 3756 5 16684 Amanat Ahmed 5118 188 7219 Biplob Chandra Das 3784 6 16676 Sarker Nahidul Islam 5120

August 2011 6 ICAB News Bulletin No. 262 President's Communication – August 2011 Dear Fellow Members, much interested to introduce English Ramadan Mubarak to you all! Business Communication course for Ramadan started in August 2011. For member’s convenience ahead of students and members. We have Ramadan, we have finished 11 CPD Seminars at and 5 CPD Seminars submitted a draft concept note on at Chittagong by July 2011. So, there was no CPD seminar in August 2011. The “Bridging between SME / SMP ICAB secretariat and different committees were busy in follow up of the Strengthen Financial Reporting and ongoing activities. We were busy focusing on the reporting to international Management Services of SMEs and networking reporting and forthcoming events in 2011.Today I would like to Capacity Building of Small and Medium share with you the major activities and initiatives we have undertaken recently. Practitioners (SMP) of ICAB for pro poor IFRS Training growth and employment generation in SME Sector in Bangladesh.” We have Ist International Financial Reporting Standards (IFRS) Training course was submitted similar kind of draft to Ministry inaugurated by Dr Atiur Rahman, Governor, Bangladesh Bank on July 01, of Industries to collaborate with SME 2011. The training is going on and scheduled to be continued upto end of Foundation. September, 2011. Ms Sayema Banu, DD, LPD is coordinating the training. Because of Ramadan and availability of resource persons, we had to Meeting with Ministry of Commerce reschedule class timings several times, which may have caused inconvenience (MOC) to some of the participants. We deeply apologise for this, and in future, we shall Mr Shahadat Hossain, FCA, Vice President ICAB, Ms Suraiya Zannath, FCA, be careful to avoid such inconveniences. Senior financial Management Specialist, South Asia Region, The World Bank Follow up on UK visit in July 2011: and myself had a meeting with Mr Md Ghulam Hussain, Secretary, Ministry of Commerce on August 25, 2011. Shawkat Ali Waresi, Additional secretary was Exposures on various issues and learning from ICAEW experiences we are also there. We updated the Secretary on the Progress with Post Twinning trying to improve ICAB’s role and services to members, students and other arrangement with ICAEW and also that World Bank is willing for funding the stakeholders. With this end, we are in communication and doing follow up to project. take a concrete shape in developing our education materials, IFRS Training, Training of trainers, teachers in Bangladesh. We are in correspondence with Standing and Other Committee Meetings Held ICAEW, ACCA, BPP & KAPLAN. The following standing and other committee meetings were held in August, 2011: ICAB Renovation Work, ICAB On line facilities and Website restructuring • 3rd meeting of Taxation Corporate Laws Committee (TCLC) was held on August 01, 2011. Renovation work at CA Bhaban 6th floor, and library floor are going to take • Joint Meeting between 3 Member Council Sub-Committee and Articled place soon. ICAB is working for a dynamic website and to introduce on line Students Representative training facilities. We are increasing number of computers for students. • 3rd, 4th and 5th meeting of Review Committee for Published Accounts & Member’s corner with computer facilities is in the pipeline. In the library, Reports (RCPAR) were held on August 03, 17 and 27, 2011 respectively. photocopier service and tea corner are going to introduced. We are trying to • 3rd meeting of Quality Assurance Board (QAB) was held on August 07, improve the washroom facilities. During this month, we were busy in planning 2011. meetings with different service providers. For synchronization of work plan and • 2nd meeting of the Audit Committee was held on August 08, 2011. implementation in a cost effective way, we had series of meetings with • A meeting of the 3 member Article Student Committee was held on August SATCOM, BOL, OTOBY, Engineers of Construction Company, architects etc. 14, 2011. As IFRS training is going on, and to relocate the secretariat team for the • A meeting of 5-member Council Sub Committee on Case Studies for renovation work, there is space constraint. And in the coming month, ICAB is Integration level was held on August 14, 2011. going to hold important events. So, students and members are requested to be • 7th Executive Committee meeting was held on August 16, 2011. patient and to cooperate with us, as you always did. • 2nd Examination Committee meeting was held on August 18, 2011. Prospect of Project Developments for ICAB • 11th Council Meeting was held on August 18, 2011. Follow up with MOC on ICAB academic complex project is going on. Forthcoming Events in 2011 Meeting with external auditors Please mark the following dates in your diary and try to participate and Entrance meeting took place with Auditors on August 17, 2011. We have contribute in the following events in 2011. I will request all members especially discussed on Audit plan and submission of audit report within timeframe to hold the members abroad, try to accommodate your home visit plan with the AGM. forthcoming events: Results of Professional Examinations May- June 2011 October 02, 2011 11th BPA Award Ceremony The results of Professional examinations May- June 2011 have been declared October 23, 2011 19th Convocation on August 18, 2011 as follows: October 23, 2011 1st Job Fair Level Appeared Successful Partly passed October 23, 2011 1st Student’s CA Conference Knowledge 4073 242 1422 November 27, 2011 International Conference (Theme: “Best Practices and Application 121 06 71 Reporting for Sustainable Development”) Advanced 04 00 03 November 28, 2011 1st Regional Standard Setters (RSS) Conference in (Integration) Dhaka and SAFA Committee meetings PE- III 480 84 264 November 29, 2011 SAFA Board Meeting and SAFA BPA Award Ceremony Congratulations!! To part qualified and full qualified students. We are trying our November 30, 2011 International Seminar at Hotel Agrabad, Chittagong best and we will request the students to focus more on studies. I am sure, new (Theme: SAFA & SAARC Roadmap) members are going to take our legacy ahead. Wish you all Eid Mubarak ! Just after Eid vacation, with vigour we have to be Meeting with DFID much more proactive to prepare for the forthcoming events and to complete the ongoing work in progress. We want your cooperation to move forward. A meeting was held on August 23, 2011 at 9 am between Ms Catherine Martin, Senior Private Sector & Market Development Adviser, Ms. Shahnila Azher, Best Regards, Private Sector Adviser, DFID and myself, to explore collaborations for financial learning project for women entrepreneurs, SMEs , financial literacy program with DFID and Institute of Chartered Accountants of Bangladesh (ICAB). And Parveen Mahmud, FCA also scope to strengthen ICAB capacity and services in the private, public, September 04, 2011 social sector and financial reporting for good governance. We are also very

August 2011 7 ICAB News Bulletin No. 262 President ICAB holds meeting with I F A C NEWS senior DFID Officials PAIB Committee eNews President ICAB, Ms. Parveen Mahmud held a meeting on Welcome to IFAC’s Professional August 23, 2011 with Ms Catherine Martin, Senior Private Accountants in Business (PAIB) Committee Sector & Market Development Adviser and Ms. Shahnila eNews. Azher, Private Sector Adviser, DFID, to explore avenues of In this Issue: collaboration for financial learning project for women 1. PAIB Committee Publishes Competent and Versatile to entrepreneurs, SMEs , financial literacy program with DFID Highlight Relevance of Professional Accountants and ICAB. The meeting also discussed scope to strengthen ICAB capacity and services in the private, public, social 2. Individualized Versions of Competent and Versatile sector and financial reporting for good governance. Available for Professional Accountancy Organizations President ICAB also expressed our interest to introduce 3. Call for Case Studies Highlighting the Roles of English Business Communication course for students and Professional Accountants members. ICAB has already submitted a draft concept note 4. CMA Canada Releases New 2020 Vision Paper on “Bridging between SME / SMP Strengthen Financial 5. Next PAIB Committee Meeting: Toronto, October 19-20, Reporting and Management services of SMEs and Capacity 2011 Building of Small and Medium Practitioners (SMP) of ICAB for pro poor growth and employment generation in SME 1. PAIB Committee Publishes Competent and Versatile Sector in Bangladesh.” A similar draft has also been to Highlight Relevance of Professional Accountants submitted to Ministry of Industries to collaborate with SME Competent and Versatile: How Professional Accountants in Foundation. I Business Drive Sustainable Organizational Success was published by the PAIB Committee last month to support the President ICAB holds meeting with global accountancy profession in responding to changing expectations of society, financial markets, and organizations, Secretary, MoC and promote the value of professional accountants in business to their organizations. President ICAB, Ms. Parveen Mahmud, Mr Shahadat Hossain, Vice President and Ms Suraiya Zannath Khan, Organizational needs are evolving faster than ever, and FCA, Senior Financial Management Specialist, South Asia professional accountants need to adapt to these changes to best serve their employers, and maintain relevance. With this Region, The World Bank had a meeting with Mr. Md Ghulam publication and the accompanying employer-focused Hussain, Secretary, Ministry of Commerce on August 25, brochure, the PAIB Committee is striving to support the 2011. Mr Shawkat Ali Waresi, Additional Secretary and global accountancy profession and help professional former Project Director, Twinning Project, was also present. accountants and their organizations create long-term The Secretary was updated on the progress of post Twinning sustainable success. arrangements with ICAEW and of World Bank interest in supporting the future activities in this area. I Eight drivers of sustainable organizational success provide the basis for understanding how the global accountancy profession needs to support the development of professional Monthly Activities accountants. The expected key areas of competency for Date Meeting/Programmes professional accountants are broken down within each of 1/8/2011 Joint Meeting between 3-Member Council these drivers: Sub-Committee and Articled Student's • A customer and stakeholder focus; Representatives • Effective leadership and strategy; • 3rd Meeting of TCLC • Integrated governance and risk and control; 3/8/2011 3rd Meeting of RCPAR • Innovative and adaptive capability; 7/8/2011 3rd QAB Meeting • Financial management; • People and talent management; 8/8/2011 2nd Audit Committee Meeting • Operational excellence; and 14/8/2011 3-Member ASC Sub-Committee Meeting • Effective and transparent communication. • 5-Member Council Sub-Committee Meeting The key areas of competency are also useful in helping 16/8/2011 7th EC Meeting professional accountants to determine relevant education and 17/8/2011 4th Meeting of RCPAR training to support their career aims. 18/8/2011 2nd Examination Committee Meeting Competent and Versatile is also a tool for promoting the • 11th Council Meeting diverse contributions of professional accountants as creators, 27/8/2011 5th Meeting of RCPAR enablers, preservers, and reporters of sustainable value in

August 2011 8 ICAB News Bulletin No. 262 leadership, management, analyst, and controller roles. These and insights. Content will be organized around topics and roles go far beyond the stereotypical perceptions of outputs, and include cross-referencing and tagging, so it will accountants and demonstrate to employers how they can be easier to find the information you’re looking for, as well capitalize on professional accountants’ training, knowledge, as related resources. We’re looking forward to launching the and skillsets. site later in 2011, and to hearing your feedback. If you have 2. Individualized Versions of Competent and Versatile any questions at this time, please email us at Available for Professional Accountancy Organizations [email protected]. 7. New PAIB Publication Focuses on Areas of In order to assist professional accountancy organizations to Competency for Professional Accountants make the most of the employer-focused version of Competent and Versatile, the PAIB Committee is offering to As organizational needs evolve to accommodate the ever- work with IFAC members and associates to allow for local changing economic, environmental, and social landscape, customization of the brochure. professional accountants in business (PAIBs) need to continue to adapt to these changes in order to best serve their For example, CPA Australia and the Institute of Chartered employers and maintain relevance. To help PAIBs achieve Accountants in Australia (ICAA) jointly branded the this, the PAIB Committee recently released Competent and brochure and made it available at the Confederation of Asian Versatile: How Professional Accountants in Business Drive and Pacific Accountants Conference in Brisbane, Australia Sustainable Organizational Success. This publication aims this week. to support the global accountancy profession in responding 3. Call for Case Studies Highlighting the Roles of to changing expectations of society, financial markets, and Professional Accountants organizations, and to promote and contribute to the value professional accountants in business bring to their Following the publication of Competent and Versatile, the organizations. Competent and Versatile explains how PAIBs PAIB Committee is in the process of bringing together some support their organizations as creators, enablers, preservers, practical examples of how professional accountants are and reporters of sustainable value for their organizations in supporting their organizations in the eight drivers of leadership, management, analyst, and controller roles. This sustainable organizational success listed above employer-driven approach is also aimed at helping IFAC 4. CMA Canada 2020 Vision Paper members and associates to facilitate sustainable organizational success through the education, training, and CMA Canada recently released Forecasting the Future Role development of professional accountants. of the Management Accountant, its 2020 Vision paper. The paper identifies scenario planning as the defining The PAIB Committee has also published an employer- organizational capability and a primary management focused brochure to demonstrate the versatility of PAIBs to those outside of the accountancy field. accountant skill for the coming decade. The paper also explores the major activities seen as essential to the 8. SMP Quick Poll Now Open; Available in English, management accountant’s role in 2020, including strategic Spanish, and France risk management fueled by (a) technology-enabled data The IFAC Small and Medium Practices (SMP) Committee’s analysis applied to a broad collection of indicators; (b) most recent SMP Quick Poll is now open. The poll, which increasingly agile forecasting and planning processes; and only takes a few minutes to complete, features questions on (c) fact-based decision making. The research methodology business advisory and auditor reporting, in addition to for this paper included scrutiny of recently published including a few questions from previous polls in order to projections and analyses, interviews, and a roundtable gather trending data for the year. This edition of the Quick discussion held in September 2010, in which IFAC Poll is available in English, Spanish, and French. Polling participated. will close on September 9, 2011. 5. Next PAIB Committee Meeting: Toronto, 9. Indian Business Journal Discusses IFAC SMOs October 19-20, 2011 In a recent column in Business & Economy, Dr. Javed Siddiqui, Assistant Professor of Accounting at the The PAIB Committee’s next meeting will be hosted by Manchester Business School, University of Manchester Canadian Institute of Chartered Accountants and CMA (UK) offers his opinion on the success, and applicability, of Canada in Toronto, October 19-20. In 2012, the committee IFAC’s Statements of Membership Obligations (SMOs) in will meet in New Delhi, March 13-14, and participate in the less developed countries. Using developments in Bangladesh Institute of Cost and Works Accountants of India’s annual and with the Institute of Chartered Accountants of congress and CFO summit. Bangladesh (ICAB) as an example, Dr. Siddiqui outlines 6. New IFAC Website Coming Soon how the SMOs are used to help professional accountancy organizations follow quality control assurance requirements. We are currently in the process of redesigning the IFAC Dr. Siddiqui also discusses the partnership between ICAB website to better suit your needs. The new site will feature a and the Institute of Chartered Accountants in England and clean and modern design, a more intuitive architecture and Wales to improve curriculum for professional accountancy navigation, expanded content, and topical and timely issues degrees. I

August 2011 9 ICAB News Bulletin No. 262 Admission as Fellows Name Effective Date The following members have been admitted as Fellows of the Institute with Mr. Jyotish Mandal FCA (954) 14 August 2011 effect from the dates mentioned against their names: Finance Manager Name Effective Date Transcom Beverages Ltd. Gulshan Tower (10th floor) Mr. Mohammad Mostafizur Rahman 04 July 2011 Plot # 31, Road # 53 Partner Gulshan North C/A, Dhaka ZAHUR & MOSTAFIZ Mr. Syed Mustaque Ahmed FCA (956) 14 August 2011 Chartered Accountants Director & Company Secretary House # 468 (3rd floor)PAIB Committee eNews Alltex Industries Ltd. Road # 31, New DOHS Shadharan Bima Bhaban-2 (12th floor) Mohakhali, Dhaka-1212Welcome to IFAC’s Professional Accountants in Business139, Motijheel Com. Area, Dhaka-1000 Mr. Md. Zahurul Islam(PAIB) FCA (916) Committee eNews. 04 July 2011 Mr. Mohammed Sabir Ahmed FCA (949) 16 August 2011 Partner CEO & Company Secretary ZAHUR & MOSTAFIZIn this Issue: Reliance Insurance Ltd. Chartered Accountants1. PAIB Committee Publishes Competent and VersatileBSB toBuilding (11th floor) 8 Rajuk Avenue, Dhaka-1000 House # 468 (3rd floor) Highlight Relevance of Professional Accountants Road # 31, New DOHS2. Individualized Versions of Competent and VersatilePermission to Start Practice Mohakhali, Dhaka-1212 Available for Professional Accountancy OrganizationsThe following members have been granted permission to start Practice as Mr. Mohammed Yousuf FCA (923) 11 July 2011 Public Accountants with effect from the dates as shown against their Regional Financial Controller3. Call for Case Studies Highlighting the Rolesnames. of The Coca Cola Bottling CompanyProfessional of Saudi Accountants Arabia Name Effective Date P.O. Box # 19346 4. CMA Canada Releases New 2020 Vision PaperMr. Shekhar Kumar Halder ACA (1087) 13 July 2011 Jeddah-21435, KSA Partner 5. Next PAIB Committee Meeting: Toronto, OctoberS P 19- Chowdhury & Co. Mr. Khorshed Alam FCA (883) 12 July 2011 20, 2011 Chartered Accountants 20/A, Tipu Sultan Road Apartment # A4, House # 6 (5th floor) Wari, Dhaka 1. PAIB Committee Publishes Competent andRoad # 7, Block-C Mr. Mustafa Jamal HossainVersatile FCAto (942) Highlight Relevance 30 July of Pr2011ofessionalNiketon, Gulshan-1, Dhaka 34/A Old DOHS, Banani Road No. 1, Dhaka CantonmentAccountants Permission to join as Partner Competent and Versatile: How Professional Accountants Dhaka-1206 Mr. Shekhar Kumar Halder ACA (1087) have been permitted to form Mr. Shuvra Kanti Choudhuryin Business FCA Drive (932) Sustainable Or 07ganizational August 2011 Successpartnershipwas and continue practice under the name and style of Chief Financial Officerpublished by the PAIB Committee last month to supportName Effective Date Central Depository Bangladesh Ltd. the global accountancy profession in respondingM/s Sto P Chowdhury & Co. 13 July 2011 BDBL Bhaban (8th floor) Chartered Accountants 12 Kawran Bazar, Dhaka-1215changing expectations of society, financial markets,Apartment and # A4, House # 6 (5th floor) Mr. Md. Anwar Hossainorganizations, Chowdhury FCA and (931) promote the 09 Augustvalue 2011of professionalRoad # 7, Block-C Chief Financial Officer Niketon, Gulshan-1, Dhaka EFPI Shiree (4th floor) The other partner of the Firm: Mr. Chandra Shakhar Pal Chowdhury ACA House # 5, Road # 10 (1004). Baridhara, Dhaka-1216 Mr. Mohammed Majibur Rahman Khan FCA (943) 09 August 2011 We Mourn Partner Aziz Halim Khair Choudhury We are very shocked to inform you that Chartered Accountants Mohammad Idris FCA (Enrol, 394), a House # 73, Road # 12A, Dhanmondi R/A Dhaka-1209 senior member of the Institute of Chartered Mr. Md. FCA (933) 10 August 2011 Accountants of Bangladesh (ICAB) and General Manager (F&A) Partner of Alamgir & Idris, Chartered Aman Group Accountants expired on 10th August. (Inna 2, Ishakha Avenue lillahe ……… Rajeun). The members of the Sector-6, Uttara, Dhaka-1230 Institute expressed deep sorrow at the Mohammad Idris FCA Mr. Md. Rokonuzzaman FCA (936) 10 August 2011 demise of M. Idris and prayed to Almighty Finance Controller Allah, the merciful for salvation of his departed soul and give the Coats Bangladesh Ltd. bereaved family the strength and courage to bear the irreparable loss. Novo Tower (4th floor) 270, Tejgaon I/A, Dhaka

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