Post-Budget Discussion on National Budget 2020-2021 July 15, 2020 @ 8:00 PM Webinar on "Post-Budget Discussion on National Budget 2020-2021" Chief Guest : Mr. M. A. Mannan MP Hon'ble Minister, Ministry of Planning Government of the People's Republic of Bangladesh Paper presenters : Dr. Swapan Kumar Bala FCMA Professor, Department of Accounting & Information Systems, University of Dhaka Mr. Md. Abdus Satter Sarkar FCA, FCMA Partner, Mahfel Huq & Co., Chartered Accountants Moderator : Mr. Md. Mamunur Rashid FCMA Vice - President, ICMAB & Deputy Managing Director, Index Group of Companies Discussants : Dr. Atiur Rahman Bangabandhu Chair Professor, University of Dhaka & Former Governor of Bangladesh Bank Mr. Md. Mosharraf Hossain Bhuiyan ndc Former Senior Secretary, IRD & Chairman National Board of Revenue (NBR) Mr. Ranjan Kumar Bhowmik FCMA Member (Tax Survey & Inspection), National Board of Revenue (NBR) Mr. Asif Ibrahim Chairman, Chittagong Stock Exchange Ltd. (CSE) Dr. Khondaker Golam Moazzem Research Director Centre for Policy Dialogue (CPD) July 15, 2020 ICMABTHE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH About ICMAB The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is the national body of the professional Cost and Management Accountants of Bangladesh established with the prime objective of promoting and regulating the Cost and Management Accounting profession in the country. The Institute offers education and training to the students interested to pursue career in this �ield and provide highly recognized CMA degree on ful�illment of requisite quali�ication. The Institute undertakes research in underrelevant the �ields Cost andand Managementis the sole authority Accountants to issue Act practicing2018 (Act No-license 70 of to 2018) its members. and the CostThe andInstitute Management is a statutory Accountants organization Regulations constituted 1980. It by is the the Governmentmember of a numberwhich is of regulated regional and global accounting bodies. Management The Institute is governed by a Council constituted under the provision of the Cost and Management Accountants Acts 2018. The Council consists of 16 Members elected by the members of ICMAB and 5 nominees from the Government of Bangladesh. The Council is elected for a period of three years. Every year one President, two Vice-Presidents, one day to day administrative affairs of the Institute is however carried out by a team of fully employedSecretary andpeople. one Treasurer are elected as of�ice bearers from amongst the councilors. The Mission The Institute's mission is to develop, equip and promote Cost and Management Accounting profession by maintaining highest professional standard of its members in order to enable them to provide better services to the society. The Institute is entrusted with the formulation and implementation of National Accounting as well as Cost Accounting Standards and takes other necessary steps with a view to regulating the Cost and Management Accounting profession commensurate with global standard with the ultimate objective of developing Bangladesh's human and natural resources to ensure common welfare and to enrich our shared future Vision regulating Cost and Management Accounting profession to enhance economic competitivenessInstitute's vision and is to quality help Bangladesh of life. become an industrialized nation by promoting and Global Af�iliation It is the member of a number of regional and global accounting bodies like International and South Asian Federation of Accountants (SAFA). Federation of Accountants (IFAC), Confederation of Asian and Paci�ic Accountants (CAPA) Mr. M. A. Mannan MP Honorable Minister, Ministry of Planning Government of the People's Republic of Bangladesh Mr. Muhammad Abdul Mannan, MP was born in Village- Dungria, Upa-Zilla-Dakhin Sunamgonj, District- Sunamgonj, Bangladesh, in 1946. He received his early education in his village school and obtained "O'-l.evel from Pakistan Air Force school, in Sargodha, Pakistan in 1962. After obtaining graduation from Dhaka University he joined the former Civil Service of Pakistan (CSP) cadre in 1974 and served in the Government of Bangladesh in various positions, including as Deputy Commissioner of Kishorgonj, Mymensing and Chittagong Districts. He worked as Joint Secretary (Political) in Ministry of Home Affairs, He also served in the Bangladesh Permanent Mission in Geneva as Economic Minister. He retiredDirector from General Government in the Prime service Minister's in 2003 of�ice as and Chairman Director of General Bangladesh of NGO Small Affairs & CottageBureau. Industries Corporation (BSCIC). He joined Bangladesh Awami League in 2005 and was returned as Member of Parliament (MP) on Bangladesh Awami League ticket in 2008. In the 9th parliament he served as Chairman of the Parliamentary Standing Committee on Public Accounts. Besides he served as member in the Parliamentary Standing Comittee of Ministry of Public Administration, Ministry of Finance and Ministry of Defense. In the later position he represented the Honorable Prime Minister. He was elected to the Central Executive Committee of Bangladesh Awami League as member in 2010 and 2013. Mr. Mannan is married; his wife Zolekha Mannan is a teacher in a women's college in Dhaka. His daughter Sara is a Doctor and lives in the U.S.A with her husband. His son Sadat is a Managing Director in the Barclay's Capital (Bank) in the UK and lives in London. Mr. Mannan is interested in Development literature and spends time working for the welfare of the rural people of Bangladesh.Having returned a second time as Member of Parliament in 2014 he was appointed in the new Cabinet of Prime Minister Sheikh Hasina as State Minister of Finance on 12 January in 2014. In April same year he was given the concurrent responsibility of State Minister the Ministry of Planning. After the Eleventh Parliament election, he was appointed minister of the Ministry of Planning on 7th January in 2019. Dr. Swapan Kumar Bala FCMA Professor, Department of Accounting & Information Systems, University of Dhaka Prof. Dr. Swapan Kumar Bala FCMA has served as the Commissioner of Bangladesh Securities and Exchange Commission (BSEC) since April 19, 2016. Earlier he served Dhaka Stock Exchange (DSE) as Managing Director/CEO. Under his able leadership, DSE has been Lecturer of Accounting in 1991 and became Professor in 2011. He is an IFRS professional fromdemutualized ICAEW (UK). in November Dr. Bala has 2013. been He the began Treasurer his teaching of the Institute career at since Dhaka the University calendar year as a 2015. He was the Chairman, SAFA Committee on NPOs and Cooperative Sector for a period of four years from Nov. 2014. He was the Editor of the ICMAB Journal (March 2012 to Feb. 2013) and also the Chairman of Dhaka Branch Council of ICMAB (2008). He was in charge of supervising the BSEC's Committee to revise the Corporate Governance Guidelines 2012 and to prepare the Corporate Governance Code 2018. He is currently representing BSEC in the National Advisory Board (NAB) for Impact Investing in Bangladesh, He is also a Director, Board of Directors, Bangladesh Institute of Capital Market (BICM), and a Member, First Board of Governors, Bangladesh Academy for Securities Markets (BASM). Dr. Bala is a Professional Member of IMA (USA), an Associate Member of Virtual Institute, UNCTAD and a life member of the Asiatic Society of Bangladesh. He has extensive Training of Trainers Calcutta held at Kuala Lumpur, Malaysia. Dr. Bala also rendered professional services to Bangladesh(ToT) experience Bank, including NBR, ISTCL Leadership and BICM. ToT He Programs participated organized in several by IFC Securities at Dhaka andMarket IIM Development Programs held in USA (SEC, US XBRL and MIT), Qatar, South Korea, Germany, Hungary, France and Australia. To his credit, he has 88 research articles/book chapters (26 international),Brazil, China, Maldives, 9 research the monographs, Philippines, Hong9 books Kong, (1 international), Austria, Germany, 1 study Sweden, manual, Japan, 49 seminar/workshop papers and 9 entries in Banglapedia. Mr. Md. Abdus Satter Sarkar FCA, FCMA Fellow Member, ICMAB & Partner, Mahfel Huq & Co., Chartered Accountants Mr. Md. Abdus Satter Sarkar is a fellow member of Institute of Cost and Management Accountants of Bangladesh and he is also the fellow member of Institute of Chartered Accountants of Bangladesh. He is the Partner of MahfelHuq& Co. Chartered Accountants. NGO in the world for over a decade. Presently he is the Treasurer and Chairman of Audit CommitteeBefore joining of ActionAid the �irm he Bangladesh. acted as the head of �inance of BRAC, the number one and largest Mr. Md. Mamunur Rashid FCMA Vice President, ICMAB & Deputy Managing Director, Index Group of Companies Md. Mamunur Rashid FCMA, a Fellow Member of the Institute of Cost & Management Accountants of Bangladesh (ICMAB), was born in Bogra District on the 31st of December 1967. His academic brilliance was revealed when Mr. Rashid obtained his undergraduate degree in Bachelors of Commerce in the year 1987 and his post- graduation degree in Masters of Commerce (Management) in the year 1989, securing First Class 2nd Position and First Class 4th Position respectively both under the educational guidance and accreditation of University of Dhaka. Presently Mr. Rashid is serving as Deputy Managing Director at Index Group of Companies. He is also serving as the Independent Director at West Zone Power Distribution Co. Ltd- An enterprise of Bangladesh