President's Communication: October 2017

President's Communication: October - 2017

Dear Fellow Members,
Asalamu Alaikum and greetings to you all.

The month of October was an eventful month with a series of trainings, workshops and seminars. I am pleased to share with you some details on these:


Dhaka Chamber of Commerce and Industry (DCCI) organized a seminar titled: Financial Reporting Act 2015 and Its Economic Implication at its auditorium on 23 October 2017. The Chairman of the Financial Reporting Council (FRC) Mr. CQK Mustaq Ahmed was the chief guest. I was invited as a special guest along with ICMAB President, and our Council Member Mr. Md. Shahadat Hossain FCA was the key note speaker. I must congratulate Council Member Shahadat on his rich paper, which was very well received. We exchanged our views and experiences regarding accountancy profession in the country and the global scenario perspectives.


I emphasised that ICAB welcomes and supports all initiatives designed to enhance the quality of financial reporting in Bangladesh. I stressed that FRC will be successful in its mission if it concentrates where inadequacies and gaps exist, while letting existing effective oversight and regulatory mechanisms to operate as they are.


ICAB training wing ICPE organized two training programmes which concluded this month. Training programme on International Financial Reporting Standards (IFRS) & International Accounting Standards (IAS) for the ICAB members and the officials of other stakeholders ended on 14 October 2017. 40 members participated in the training. ICAB Vice-President (E &T) Mr. Mostafa Kamal FCA awarded the certificates to the trainees.


Another training programme on Cyber Security, Enterprise Information Risk Management and Regulatory Compliance for the ICAB members and the officials of other stakeholders was concluded on 12 October 2017 at ICPE training room. 40 participants received the training. I strongly believe not only should our members become familiar with this major current global issue, but it also presents opportunities for our members, whether they are in public practice or corporate sector. We were fortunate to have a highly experienced resource person. I along with Vice-President (E &T)Mr. Mostafa Kamal FCA, Secretary Maj Gen Muhammad ImrulQuayes, ndc, psc (retd) and the resource person Dr. EM Pannah were present in the certificate awarding ceremony. I awarded the certificates to the participants.
As part of observing the World Investors’ Week, the Institute organized a members’ conference on ‘Capital market & economy; role of investors’ at ICAB Auditorium on October 6, 2017.


Prof. Dr. M. Khairul Hossain, Chairman, Bangladesh Securities and Exchange Commission(BSEC) graced the occasion as the Chief Guest. Three BSEC Commissioners Prof. Md. Helal Uddin Nizami, Mr. Md. Amzad Hossain, Commissioner and Dr. Swapan Kumar Bala FCMA were present and spoke as Special Guests.


Mr. Saifur Rahman, Executive Director, BSEC and Mr. K. A. M Majedur Rahman, Managing Director, Dhaka Stock Exchange Ltd were also present as Guests of Honour. Mr. Md. ShaifurRahman Mazumdar FCA, FCMA, Member Council -ICAB conducted the seminar as the Session Chairman. Dr. Prashanta Kumar Banerjee, Professor & Director, Research Development andConsultancy, Bangladesh Institute of Bank Management (BIBM) presented the Key-note paper. ICAB Vice President Md. MahamudHosain FCA gave concluding remarks.


I was recently interviewed by the United News Agency. The details of the Interview can be found in the weblink http://www.unb.com.bd/special-news/Country-needs-more-CAs-as-economy-growing-fast-ICAB-chief%C2%A0/53980.
 


The grand finale of SAFA Quiz and Elocution Contest 2017 was held on 13 October 2017 which was organized by Dhaka Regional Committee(DRC)-ICAB at ICAB Auditorium in a befitting manner. I along with Vice Presidents, Council Members and DRC office bearers were present in the programme. I handed over the crests to the contest winners&runner-ups.

Meetings of Council and Standing & Non-standing Committees and Sub-committees
The following meetings of the Council, Standing and Non-standing Committees and Sub-committees of ICAB were held during the month of October 2017:

Standing Committees:
-    6th Meeting of the Articled Students Committee (ASC) was held on 03 October 2017 at 6:00 p.m.
-    6th Meeting of the Executive Committee was held on 11 October 2017 at 6:00 p.m.
-    3rd Meeting of the Technical Research Committee (TRC) was held on 15 October 2017 at 5:30 p.m.
-    15th Meeting of the Council was held on 16 October 2017 at 5:00 p.m.
-    16th Meeting of the Council was held on 25 October 2017 at 5:00 p.m.

 

Non-standing Committees:

-    1st Meeting of the Human Resources (HR) was held on 01 March 2017 at 5:30 pm.
-    3rd Meeting of the Taxation and Corporate Laws Committee (TCLC) was held on 03 March 2017 at 6:00 pm.
-    1st Meeting of the Professional Development Committee (PDC) was held on 09 March 2017 at 5:30 pm.
-    1st Meeting of the Committee for Small and Medium Practitioners (SMP) was held on 15 March 2017 at 5:30 pm.
-    2nd Meeting of the Human Resources (HR) was held on 27 March 2017 at 4:30 pm.

 

Standing and Non-standing Sub-committees:
-    2nd Meeting of the SAFA, CAPA and International Affairs Committee was held on 02 October 2017 at 5:00 p.m.
-    4th Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 03 October 2017 at 5:30 p.m.
-    5th Meeting of the Media & Branding Committee was held on 11 October 2017 at 5:00 p.m.
-    3rd Meeting of the Committee for Amendment of CA Order & Bye-Laws was held on 12 October 2017 at 5:30 p.m.

-    3rd Meeting of the Real Estate Committee (REC) was held on 15 October 2017 at 6:00 p.m.
-    3rd Meeting of the Small and Medium Practioners (SMP) was held on 15 October 2017 at 6:15 p.m.
-    3rd Meeting of the Committee for Women in Leadership was held on 17 October 2017 at 5:00 p.m.
-    5th Meeting of the Information & Communication Technology Committee (ICTC) was held on 18 October 2017 at 5:00 p.m.
-    5th Meeting of the Taxation and Corporate Laws Committee (TCLC) was held on 22 October 2017 at 5:30 p.m.
-    5th Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 22 October 2017 at 6:00 p.m.
-    3rd Meeting of the Members Services & Welfare Committee (MSWC) was held on 23 October 2017 at 5:00 p.m.
-    3rd Meeting of the Audit Committee was held on 24 October 2017 at 5:30 p.m.
 

Standing Committees:
-    1st Meeting of the Exemption Sub-Committee regarding Articled Students (ASC) was held on 02 October 2017 at 6:30 p.m.
-    4th Meeting of the Working Group on Professional issues related to Non-Government Organization (NGOs) and MFIs of Professional Development Committee (PDC) was held on 05 October 2017 at 11:00 a.m.
-    1st Meeting of the 7-member Sub-committee regarding Members Services & Welfare Committee (MSWC) was held on 18 October 2017 at 5:30 p.m.
 

With best wishes to all,


Adeeb Hossain Khan FCA
President-ICAB

 

Update Date : 26/11/2017

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