President’s Communication : July 2019

  President’s Communication : July 2019


Dear Fellow Members

Assalamulaikum, greetings to you all.

 

The new financial year has started with the hope and aspiration to make further advancement of economy of the country. In this journey ICAB Members are very instrumental and have role in ensuring stable financial system and stronger economy. Thereby I must say, they have so far played an active role in the rise of our economy wherever they are involved. With high degree of integrity and professional values, they are working towards achieving SDGs. Understanding the criticality of their functions, ICAB recurrently organizes trainings and workshops pertaining concurrent professional issues to its members and inspires them towards professional excellence. Besides, considering the global business scenario and the changes of commercial operations, during my tenure ICAB has undertaken many reform initiatives to make the Institute more vibrant. Our education system is the epitome of world class standard as ICAB has fully adopted the academic syllabus of the Institute of Chartered Accountants in England & Wales (ICAEW), UK.

 

Dear members, let me update you about major activities of the Institute during the month of July 2019.

 

SAFA Conference and board meeting in Colombo: An expert team of ICAB participated in SAFA Board Meeting, different committee meetings and SAFA (Forum) Conference on 29 and 30 July 2019 in Colombo, Sri Lanka. Along with me the ICAB delegates were ICAB Vice President Prof. Dr. Md. Salim Uddin FCA, Council Members & Past Presidents Mr. Md. Humayun Kabir FCA, Mr. Kamrul Abedin FCA, Council Members Dr. Md. Abu Sayed Khan FCA, Mr. Muhammad Farooq FCA, Mr. Gopal Chandra Ghosh FCA, Mr. Sabbir Ahmed FCA, Mr. Mahmudul Hasan Khusru FCA, Mr. Mohammed Forkan Uddin FCA, Ms. Maria Howlader FCA and Past Presidents Mr. Muhammed Farhad Hussain FCA and Ms. Parveen Mahmud FCA. They participated in their respective committee meetings on 29 July and I, myself along with Mr. Md Humayun Kabir FCA participated in the SAFA Board meeting on 30 July 2019.

 

At the inaugural session of the SAFA (South Asian Federation of Accountants) Conference, I had the opportunity to lit the fire at the lantern, a ritual of beginning of a gala program. The conference titled “The Role of Finance Professional in Combatting Corruption: South Asian Perspectives” was held at Balmoral Ballroom, Hotel Kingsbury in Colombo, Sri Lanka on 30 July, 2019.  As panel speaker ICAB Vice President Prof. Dr. Md. Salim Uddin FCA presented a paper on “Combating Corruption in Bangladesh”. His deliberation was excellent and mesmerized the audiences.  A good number of SAFA Delegates and guests from south Asian countries and the representatives of Sri Lankan Government including Finance Minister were present in the conference.

 

The Jury Board meeting of the Review Committee for Published Accounts and Reports (RCPAR) of the Council-ICAB was held on 17 July 2019 at ICAB Council Hall. Country’s prominent personalities including bankers, bureaucrats, journalist were present in the meeting as Members of the Jury Board headed by the Chairman of the Board Mr.  Md Matiul Islam FCA, Chairman, IIDFC and Former Finance Secretary, Govt. of Bangladesh.

 

ICAB organized two workshops on ‘VAT & Supplementary Duty (SD) Act, 2012–Highlights and Challenges’ at ICAB Auditorium on 24 July and 30 July 2019. Dr. Abdul Mannan Shikder, Member (VAT Policy), Customs, Excise & VAT, NBR, among other resource persons conducted the workshop. As ICAB President I awarded the certificates to the participants.

 

ICAB organized another workshop on “ICAEW Pathway Membership for the Members of ICAB” on 1 July 2019.   A total number of 60 members took part in the program. I inaugurated the first session of the workshop. Resource person of the workshop was Mr. Justin West, Consultant, the Institute of Chartered Accountants in England & Wales (ICAEW).

 

A day long workshop on 'Top Level Leadership and Management Skills Development for Career Success' was held at CA Bhaban on 12 July 2019. A total number of 35 participants participated in the program. This was an interactive session jointly organized by ICAB and WSDA New Zealand. ICAB Vice President Mr. N K A Mobin FCA,  Council Member Mr. Gopal Chandra Ghosh FCA, Secretary Major General Muhammad Imrul Quayes ndc, psc (Retd) were present in  the closing ceremony.

 

As ICAB Representative Mr. Mahbub Ahmed Siddique FCA, Director (Technical) and Mr. Md. Afsar Uddin FCA, Deputy Director (QAD) of ICAB participated in a discussion meeting regarding prevention of money laundering and terror financing at Bangladesh Bank premises on 8 July 2019. They discussed about Strategic Implementation Plan (SIP) of the said issue with APG team of the central bank. As part of our commitment to combat money laundering, they took part in the discussion.

 

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

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

 

Standing Committees:

 

  • 7th Meeting of the Council Meeting was held on 4 July 2019 at 11:00 am.
  • 3rd Meeting of the Executive Committee was held on 4 July 2019 at 2:00 pm.
  • 5th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 6 July 2019 at 5:00 pm.
  • 8th Council Meeting was held on 18 July 2019 at 5:00 pm.
  • 6th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 25 July 2019 at 6:00 pm.

 

Non-standing Committees:

  • 3rd Meeting of the Information & Communication Technology Committee (ICTC) was held on 9 July 2019 at 5:30 pm.
  • 2nd Meeting of the Professional Development Committee (PDC) was held on 10 July 2019 at 6:00 pm.
  • 2nd Meeting of the Committee for Women in Leadership (WIL) was held on 16 July 2019 at 6:00 pm.
  • 3rd Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 16 July 2019 at 6:00 pm.

 

Standing and Non-Standing Sub-committees:

  • 4th Meeting of 11-Members Sub-Committee of Articled Students Committee (ASC) was held on 21 July 2019 at 6:30 pm.
  • 1st Meeting of the 7-Member Sub-Committee of Membership Development and Mutual Collaboration Committee (MD & MCC) was held on 24 July 2019 at 5:30 pm.
  • 1st Meeting of the Sub-Committee of Real Estate Committee (REC) Regarding procurement of Diesel Generator was held on 30 July 2019 at 7:15 pm.
  • 1st Meeting of the Sub-Committee of Real Estate Committee (REC) Regarding Renovation of the 9th floor was held on 31 July 2019 at 6:30 pm.

 

Wish you all the best.

 

 

A F Nesaruddin FCA

 

Update Date : 22/08/2019

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