President's Communication April-2018

President's Communication: April - 2018

Dear Fellow Members,
Assalamu Alaikum and greetings to you all.
Bangla New Year that comes in April is always an occasion to celebrate our glorious traditions, culture & heritage on 14 April. The whole Nation celebrated Pohela Boishakh in deep fervor & festivity according to Bengali custom & tradition. It is not merely a celebration and is regarded to have renewed commitment to promote our own culture & heritage also.

I exchanged warm greetings with all the members and the employees of ICAB on this very day. Celebration of Pohela Boishakh rejuvenated us to deploy our best efforts to promote the image of the Chartered Accountancy profession. We firmly believe that our efforts are paying off results that would leave a remarkable trace of progress of the Institute.

Now, I am updating you about our activities in the month of April 2018.

Members’ Conference on ‘Code of Corporate Governance (CCG)’ was held on 24 April at ICAB auditorium where Dr. Swapan Kumar Bala FCMA, Commissioner, Bangladesh Securities and Exchange Commission (BSEC) was present as the chief guest. At the onset, I delivered the welcome speech. Member Council & Past President Mr. Md. Humayun Kabir FCA conducted the conference as Session Chairman while fellow member Mr. Snehasish Barua FCA, Partner, Snehasish Mahmud & Co., Chartered Accountants presented the keynote paper. ICAB organized the conference to seek the opinions from the members of the Institute regarding the draft CCG, which was later submitted to BSEC.

Another Members’ Conference on ‘Knowledge Management: A Strategic and Dynamic Tool for Success’ was held on 5 April 2018 at the ICAB Auditorium where Prof. Md. Helal Uddin Nizami, Commissioner, Bangladesh Securities and Exchange Commission (BSEC) was present as the chief guest. Here also Council Member & Past President Mr. Md Humayun Kabir FCA moderated the session. I delivered the welcome speech and Vice President Mr. Mahmudul Hasan Khusru FCA delivered vote of thanks. Dr. Md. Salim Uddin FCA, FCMA, Professor, Department of Accounting, University of Chittagong presented the keynote paper.

Like other reputed public universities, ICAB also held a career-counselling seminar at North South University, country’s premier private university on 23 April 2018. The seminar was graced by the Dean, School of Business & Economics Faculty, NSU Professor Mr. Md. Mahbubur Rahman and Chairman of department of Accounting & Finance Associate Professor Dr. Mohammad Riaz Uddin. I delivered motivational speech there to encourage the students for studying CA. Our Vice President Mr. Mahmudul Hasan Khusru FCA also gave motivational speech. Students from different departments of School of Business & Economics Faculty attended the seminar. ICAB associate member Mr. Shah Md Mohin Uddin made a presentation on how to pursue CA. An Audio Visual on ICAB was also shown. At the end, Chairman, Dhaka Regional Committee-ICAB Mr. Md. Ali Akther Rezvi FCA and member Mr. Muhammad Aminul Hoque FCA conducted a quiz competition with the participation of the students.

Two-day long Workshop on Advanced Excel and Financial Modeling was started on 20 April 2018 at ICPE training room where a total number of 40 members participated in. Mr. Md Anower Hossain Fakir, A. Z. M. Akhlaqur Rahman and Mr. Placid Gomes ACA were the resource persons.

Mr. Golam Hafiz Ahmed, Executive Director, Islami Bank Foundation attended the concluding session as the Chief Guest on 21 April 2018. Thanks to Mr. Ahmed for giving us his precious time.

Also Vice Presidents Mr. Mahmudul Hasan Khusru FCA and Mr. Md. Mahamud Hosain FCA, Member Council Mr. Mostofa Kamal FCA and Major General Muhammad Imrul Quayes ndc, psc (Retd), Secretary ICAB were present in the closing ceremony.

Another Workshop on Recurring Audit Dots was held on 7 April 2018 at ICAB Auditorium with participation of 120 members of the Institute. ICAB Vice President Mr.Mahmudul Hasan Khusru FCA and Mr. Md. Mahamud Hosain FCA and Major General Muhammad Imrul Quayesndc, psc(retd), Secretary- ICAB graced the concluding session in the evening. A penal of moderators conducted the different sessions.

Another meeting with Mr. Abu Hena Mohammad Razee Hasan, Deputy Governor, Bangladesh Bank was held on 15 April 2018 to discuss about various professional matters including BRPD Circular. I myself along with Secretary-ICAB and Director (Technical) Mr. Mahbub Ahmed Siddique FCA participated in the meeting.

On 9 April 2018, I along with Vice Presidents Mr. Mahmudul Hasan Khusru FCA, Mr. Mahamud Hosain FCA, Past President and Council Members Mr. A S M Nayeem FCA, Mr. Md. Humayun Kabir FCA and Secretary-ICAB paid a courtesy call on Mr. AHM Mustafa Kamal FCA, Hon’ble Planning Minister, Government of Bangladesh who is also a Fellow Member of the Institute. We discussed bi-lateral issues including professional matters. My special thanks to Planning Minister for giving his valuable time.

Discussion meeting with CFO and Head of Finance in Banking Institutions was held on 17 April at ICAB Council Hall. The meeting discussed about BRPD Circular issued by Bangladesh Bank. I and most of the Council Members of the Institute were present in the meeting.

Meeting with Business Editors: I along with Vice President Mahmudul Hasan Khusru FCA attended two separate meetings with Mr. Sujoy Mohajan, Business Editor, Prothom Alo on 24 April and Mr. Raihan M Chowdhury, Senior News Consultant, The Financial Express on 26 April. We exchanged views on professional aspects and news coverage of ICAB events.

Council Member Mr. Md. Shahadat Hossain FCA and Director Technical Mr. Mahbub Ahmed Sidique FCA participated in a meeting held at Ministry of Commerce, GoB on 4 April 2018 at Bangladesh Secretariat to present ICAB’s views on the proposed Companies Act 2017.

Earlier, a series of meetings were held at the ministry with a view to formulating a pragmatic Act which could help to flourish business of the country.

I as the President of the Institute conveyed greetings to all Members of the Institute on the eve of Pohela Boishakh 1425 and had sent a token of gifts to the distinguished Members, the Past Presidents and the Council Members of this Institute. On the day Dhaka Regional Committee (DRC)-ICAB also organized a colorful programme to celebrate Pohela Boishakh at the auditorium. Besides, I myself and Secretary –ICAB celebrated Bangla New Year with all Employees of ICAB on 15 April.

A Day with Channel-i Young Leaders: On a field trip a group of Young Cheerful Leaders of the Channel-i Young Leaders programme visited ICAB to share views with the Office Bearers and executives of the Institute on 24 April 2018. Fifteen potential youths participated in this view exchange meeting. I myself, Vice Presidents Mr. Mahamudul Hasan Khusru FCA, Mr. Mahamud Hosain FCA, Past President and Council Member Mr. Muhammed Farhad Hussain FCA, Secretary Maj Gen Muhammad Imrul Quayes, ndc, psc (Retd.) participated in the meeting.

Adieu to AK Chowdhury: We are heart broken and deeply saddened by the demise of our beloved and veteran Chartered Accountant Mr. Abul Khair Chowdhury FCA (Enrolment No. 52), a valiant Freedom Fighter & Adviser to the Interim Mujib Nagar Government in 1971, Founder Council Member & Past President of ICAB and Managing Partner of HodaVasi Chowdhury & Co. who breathed his last on 12 May 2018 at Apollo Hospital, Dhaka (Innalillahe .... Rajeun). We lost our veteran and beloved chartered accountant which is irreparable loss to the Institute.

On behalf of the Council and on my behalf a condolence letter was sent to the bereaved family of Mr. Chowdhury. We pray, May Allah grant him eternal peace.

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 April 2018:
Standing Committees:
-    1st Meeting of the Board of Studies (BoS) was held on 02 April 2018 at 5:30 pm.
-    4th Council Meeting was held on 4th April 2018 at 5:00 p.m.
-    1st Meeting of the Executive Committee (EC) was held on 09 April 2018 at 6:00 pm.
-    1st Meeting of the Investigation & Disciplinary Committee (IDC) was held on 10 April 2018 at 6:00 pm.
-    1st Meeting of the Committee for Amendment of CA Order & Bye-laws was held on 16 April 2018 at 5:30 pm.
-    5th Council Meeting was held on 17 April 2018 at 5:00 pm.
Non-standing Committees:
-    2nd Meeting of the Information & Communication Technology Committee (ICTC) was held on 1st April 2018 at 6:00 pm.
-    1st Meeting of the Continuing Profession Development Committee (CPDC) was held on 08 April 2018 at 5:30 pm.
-    1st Meeting of the Human Resource (HR) Committee was held on 09 April 2018 at 6:30 pm.
-    1st Meeting of the Committee for Small and Medium Practitioners (SMP) was held on 12 April 2018 at 6:00 pm.
-    3rd Meeting of the Taxation and Corporate Laws Committee (TCLC) was held on 12 April 2018 at 6:00 pm.
-    1st Meeting of the Members Services & Welfare Committee (MSWC) was held on 15 April 2018 at 6:30 pm.
-    4th Meeting of the Taxation and Corporate Laws Committee (TCLC) was held on 25 April 2018 at 6:00 pm.
Standing and Non-Standing Sub-committees:
-    1st Meeting of 3-Member Sub- Committee of Taxation and Corporate Laws Committee (TCLC) was held on 2 April 2018 at 6:00 pm.
-    1st Meeting of 7-Member Sub Committee of Articled Students Committee (ASC) was held on 7 April 2018 at 6:30 pm.
-    7-Member Sub-committee of Board of Studies (BoS) was held on 10 April 2018 at 6:00 pm.
-    2nd Meeting of ERP Project Steering Committee was held on 26 April 2018 at 6:00 pm.
-    1st Meeting of the 5-Member Sub-Committee of Technical & Research Committee (TRC) was held on 24 April 2018 at 6:00 pm.
No more today. Wish you all the best for everyone.


Dewan Nurul Islam FCA
President

 

Update Date : 21/05/2018

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