President’s Communication : April 2019

  President’s Communication : April 2019


Dear Fellow Members
Assalamu Alaikum, greetings to you all.

The first day of Bangla New Year ‘Pohela Boishakh’ is an occasion to celebrate our glorious traditions, customs, culture & heritage. The whole nation celebrated the Day with due fervor & festivity representing the Bengali custom, culture & tradition. It is not just a celebration; it is our firm commitment reiterated to promote own culture & heritage.

 

On this very occasion I exchanged warm greetings with all the members and the employees of ICAB. To celebrate the Day ICAB has sent a token of gift containing homemade food stuff to distinguished members & citizens of the country.

 

ICAB’s core value is to keep on strengthening professional corresponding to the development of knowledge and the inventing & reinventing of skills, particularly regarding the role of Chartered Accountants in decision making, planning and execution, and consultancy and guidance. ICAB intuitively have come up with a volley of suggestions regarding Tax, VAT & Customs policies and submitted those to NBR, which would help the government for boosting revenue collection.  Furthermore, like other years ICAB held a joint roundtable discussion on National Budget 2019-2020 with daily Prothom Alo. Several print & electronic media covered the event with due importance. We hope relevant ministries and authorities will pick up the suggestions and recommendations emanated from this discussion.

 

Now let me give you updates of the activities of ICAB in the month of April 2019:

 

A discussion on the national budget for fiscal year 2019-20, was arranged by the ICAB and daily Prothom Alo on 18 April 2019 at CA Bhaban in Dhaka. Mr. Md Mosharraf Hossain Bhuiyan, ndc Chairman, National Board of Revenue (NBR) attended the program as the chief guest. I delivered welcome speech while Mr. Md. Humayun Kabir FCA, Council Member & Past President and Chairman, TCLC moderated the session. Besides ICAB experts, renowned Economists, ex-bureaucrats, distinguished fellows of the country spoke on the occasion. It was a thought provoking discussion definitely helps the decision makers   to formulate policies upcoming budget 2019-2020. ICAB Secretary Major General Muhammad Imrul Quayes, ndc, psc (Retd.) and Mr. Abdul Quyyum, Associate Editor of Daily Prothom Alo also spoke on the occasion.

 

ICAB organised a Members’ Conference on ‘Importance of Life Skills Course for Human Resource Development on 2 April 2019 at its Auditorium. It was well attended by the members of ICAB and program was appreciated as well.

 

Mr. Neaz Ahmed, Sr. Faculty Member & Dean, Future CEO Program presented the Key Note paper on ‘Importance of Life Skills Course for Human Resource Development’. Mr. Muhammed Farhad Hussain FCA, Partner, Hussain Farhad & Co., Chartered Accountants & Past President-ICAB was the Session Chairman.

Mr. Ahmed Baree, Vice President & Dean, Workplace Skills Development Academy(WSDA), New Zealand gave a presentation on emotional intelligence and conducted a practical demonstration with participation from the audience.  He also described how to manage the work place stress. I delivered welcome speech while ICAB council member Mr. Gopal Chandra Gosh FCA extended the concluding remarks. ICAB secretary Major General Muhammad Imrul Quayes, ndc, psc (Retd) also spoke on the occasion.

 

A member’s conference on SMPs in Bangladesh: Challenges, Opportunities and Way forward was held on 13 April 2019 at ICAB Auditorium where the significance of SMPs in Bangladesh Economy was discussed elaborately. Mr. Md. Mofizul Islam, Secretary, Ministry of Commerce,GoB was present as the Chief Guest. I along with Vice President Mr. NKA Mobin FCA, and ICAB Secretary Major General Muhammad Imrul Quayes,ndc, psc(Retd) spoke in the conference. The conference paper was presented by Council Member Ms. Maria Howladar FCA.

 

Member’s Conference on Introduction to Blockchain’ was held at CA Bhaban on 28 April 2019 with enthusiastic presence of hundreds of members. The block chain is a new topic in accounting profession. To cope with rapidly changing business methods towards digitalized based accounting system, the discussion is very time befitting. The members would greatly be benefited from this discussion. Mr. N M Ziaul Alam, Secretary, Information Communication Technology Division, Ministry of Posts, Telecommunications and Information Technology, GoB graced the occasion as the chief guest. I delivered welcome speech while Mr. Ahmed Raihan Shamsi FCA conducted the session as the Session Chairman. Mr. Khondkar Atique-e-Rabbani FCA, Managing Director, The Computers Ltd & Member-ICAB presented the key-note paper.

 

I along with Council Member & Past President Mr. Md. Humayun Kabir FCA participated in 58th SAFA Board and Assembly Meeting on 6 April 2019 at Katmandu, Nepal. The meeting was well attended by the representatives of Accounting bodies in SAARC region.

 

On 4 April 2019 I made a presentation as one of the panelists of SAFA Conference on Enabling Business Environment for Economic Development. My deliberation was well appreciated by the audience. In sideline of the SAFA events, I had a meeting with IFAC President Mr.  In-Ki Joo on 5 April 2019 and discussed various professional issues.

 

I along with ICAB expert team participated in budget talks (preparatory meeting) with National Board of Revenue (NBR) on 8 April 2019 chaired by Mr. Md. Mosharraf Hossain Bhuiyan, ndc, Chairman of NBR. The other members of the ICAB expert team were Mr. Md. Humayun Kabir FCA, Council Member & Past President and Chairman, Taxation and Corporate Laws Committee (TCLC) of ICAB and Fellow Member Mr. Snehasish Barua FCA, member TCLC.

 

A day long training on 'Practical Aspects of IFRS 9 - Financial Instruments' was held on  13 April 2019 at ICPE training room  and the session had been completed  successfully. A total number of 32 Officials from City Bank participated in the training program.

 

 I along with Vice Presidents Mr. N K A Mobin FCA, Secretary Major General Muhammad Imrul Quayes ndc, psc (Retd) and resource person & ICAB Council Member Mr. Sabbir Ahmed FCA were present in the closing ceremony.

 

Six-day long training program on 'Advanced Certificate Course in Leadership & Communication' – 4th Batch has been started from 4 April 2019 at ICPE training room. A total number of 35 members and non-members participated in the program. Communication & interpersonal skill is building the blocks of leadership. Successful corporate leaders have retained communication & leadership skills in their hearts.  In these aspect, the training on leadership and communication was organized recurrently by the Institute.

 

I along with resource person Mr. Mohammed Saif Noman khan and officials of ICAB were present in the closing ceremony.

 

Review meeting regarding ongoing audit activities with auditors of Life Insurance Company, Non-life Insurance company and Jibon Bima Corporation was held at Insurance Development and Regulatory Authority (IDRA) on 29 April 2019. I along with Council Member Mr. Muhammad Farooq FCA were present in the meeting, besides Representatives of 32 Audit Firms who are engaging in auditing of financial statements of Life Insurance Company, No-life Insurance company, Jibon Bima Corporation were present in the meeting. Also Representative of Finance Division & Financial Reporting Council (FRC) were present in the meeting.

 

Eight-day long training program on 'Advanced Level Certificate Course On IFRS and IAS' – 6th Batch has been started from 2 March 2019 at ICPE training room and the sessions of the training was completed successfully on 27 April 2019. A total number of 50 members and non-members participated in the program. Knowledge on IFRS & IAS is required to enhance the competence of professionals serving in key positions of financial sector in Bangladesh.

 

Resource persons of the training course were Mr. Sabbir Ahmed FCA, Mr. Snehasish Barua FCA, Mr. Mohammed Salahuddin Chowdhury FCA, Mr. Wasequl Huq Regan FCA, Mr. Muhammad Aminul Hoque FCA, Mr. Sk, Md. Tarikul Islam FCA and Mr. Muhammad Mehedi Hassan FCA. Besides myself, Mr.  N K A Mobin FCA FCS vice president ICAB and resource person Mr. Mohammed Salahuddin FCA were present in the closing ceremony of the program.

 

I and Prof. Dr. Charles C Villanueva, Dean, Faculty of Business Administration of American International University- Bangladesh signed documents of a Memorandum of Understanding (MoU) on 9 April 2019 to give subject waiver to the students of Business faculty of AIUB. ICAB Vice President Mr. NKA Mobin FCA, Secretary Major General Muhammad Imrul Quayes, ndc, psc (Retd.), Mr. Mohammad Faridul Alam, Associate Professor, Department of Accounting were also present in the occasion. Under the students of Finance, and Accounting Departments will get the benefits under credit for prior learning program of the Institute.

 

32nd BCAH Anniversary 2019; As Chief Guest Mr. Tipu Munshi, MP, Commerce Minister, Peoples Republic of Bangladesh and myself as Special Guest were present at a program on celebrating 32nd Bangladesh Chartered Accountancy Hostel (BCAH) Anniversary-  at a city hotel on 18 April 2019.

 

Meetings of Council and Standing & Non-standing Committees and Sub-committees

 

The following meetings of the Council, Standing and Non-Standing Committees of ICAB were held during the month of April 2019:

 

Standing Committees:

 

  • 2nd Meeting of the Executive Committee (EC) was held on 9 April 2019 at 4:00 pm.
  • 2nd Meeting of the Articled Students Committee (ASC) was held on 11 April 2019 at 5:30 pm.
  • 4th Meeting of the Council ICAB was held on 16 April 2019 at 4:00 pm.
  • 5th Meeting of the Council ICAB was held on 30 April 2019 at 5:30 pm.

Non-standing Committees:

 

  • 1st Meeting of the Professional Development Committee (PDC) was held on 3 April 2019 at 5:30 pm.
  • 1st Meeting of the Regulators & Trade Bodies Coordination Committee (RTBCC) was held on 3 April 2019 at 3:00 pm.
  • 2nd Meeting of the Continuing Professional Development Committee (CPDC) was held on 15 April 2019 at 6:00 pm.
  • 2nd Meeting of the Committee for Amendment of CA Order, Bye-Laws and FRA was held on 17 April 2019 at 5:30 pm.
  • 3rd Meeting of the Investigation & Disciplinary Committee (IDC) was held on 24 April 2019 at 6:00 pm.
  • 2nd Meeting of the Regional Committees & Overseas Management Chapter Committee (RCOMCC) was held on 27 April 2019 at 5:00 pm.

 

Wish you all the best.

 

 

A F Nesaruddin FCA

President

Update Date : 16/05/2019

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