President’s Communication : July 2020​

President’s Communication : July 2020

Dear Fellow Members and colleagues

Assalamu Alaikum, Greetings to you all,

 

The pandemic of Covid-19 has passed about four months in our country. Given the changed style of conferences and discussions now in vogue, the traditional gathering of people might not eventually be as before. Gradually we will have to learn to adapt and respond to the new normal. Amidst the situation, we are trying to continue all the activities of the institute as smoothly as possible.

 

My dear fraternity, we are continuing our works through digital platform during this times. The month of July witnessed a number of important virtual CPD programs where the online participation of Members was encouraging. We also held good number of council meeting, EC meeting and other committee meetings through online Zoom App. I must say we could compensate the slow progress that the previous months witnessed because of COVID 19.

 

With this, let me update you about the activities of the Month of July 2020

 

International Webinar on Role of Chartered Accountants in Economic Recovery and Promoting Cross-Border Investments' was organised on 11 July 2020 through zoom video conference. Mr. Salman F Rahman MP, Private Sector Industry and Investment Adviser to the Honorable Prime Minister of GoB attended the conference as the Chief Guest. Mr. Manil Jaysinghe FCA, President of CA Sri Lanka was present as special guest and Dr. In-Ki Joo, President of IFAC was present as guest of honour. Mr.  Robert Hodgkinson FCA, Executive Director, Technical at the Institute of Chartered Accountants in England and Wales (ICAEW), UK presented the keynote paper.

 

Address of welcome was delivered by me while Vice President Mr. Sabbir Ahmed FCA made opening remarks and Mr. Md Humayun Kabir FCA, Member Council and Past President of ICAB moderated the session. I believe that the session was an excellent learning experience for our members particularly from the expert int’l speakers. The issue of financial reporting and the responsibility of an auditor in economic recovery during the pandemic caused by covid 19 was discussed at length.

 

Virtual Members' Conference focused on 'Bringing Improvement in the Financial Reporting and Quality of Auditing', was held on 4 July 2020 through Zoom Video Conference. Mr. CQK Mustaq Ahmed, Chairman, Financial Reporting Council (FRC) was present as the Chief Guest and Prof. Dr. Shaikh Shamsuddin Ahmed, Commissioner, Bangladesh Securities and Exchange Commission (BSEC) was there as special guest. Mr. Muhammed Farhad Hussain FCA, Past President of ICAB acted as the session chairman while the session was opened by me through an address of welcome. Mr. Mahbub Ahmed Siddique FCA, Director Technical-ICAB presented the keynote paper. The purpose of this conference was to exchange views on the challenges and way forward to improve the financial reporting and quality of auditing.

 

Virtual Members’ Conference on Overcoming Covid-19 Challenges was organized on 5 July 2020 where Mr.  Kamrul Abedin FCA, Member Council & Past President ICAB was the Session Chairman and Mr. Sahadat Hossain Bishal, Director Abul Khair Group presented the keynote paper of the Conference. 

 

The distinguished Panel Speakers Mr. M Ala Uddin Ahmad FCA, CEO, MetLife Limited & Metropolitan Life Insurance Co Ltd, Hong Kong, Mr.AHM Kibria FCA, Senior Manager, Group Financial Reporting, AMP, Australia, Mr. AKM Fazlur Rahman FCA, Chairman, ICAB UK Chapter Management Committee, and Mr. Sarwar Azam Khan FCA from ICAB North American Chapter spoke from their experiences of respective residing country perspectives.

 

Virtual members’ conference on ‘Introduction to Modern Workplace’ held on 12 July 2020 through Zoom Video Apps. Mr. Mustafa Jabbar, Honourable Minister, Posts and Telecommunications Division (PTD), GoB attended the conference as the chief guest. The session was opened by me, while Mr. Akhtar Sohel Kasem FCA, Member Council and Past President and Chairman of the Information & Communication Technology Committee (ICTC) of ICAB was the session chairman. Mr. Muhammad Mirsad Hossain, Head of Software Business, Smart Technologies BD Ltd presented the keynote paper. The topic was interesting and I think members got the answer they are looking as to why embracing New Normal is the order of the day.

 

Dear Members, the most striking part of the country's present new-normal state appears to be its education sector. Its educational institutions have been declared closed since March-end on the ground of ensuring physical distance. The unpredictability of the pandemic's duration makes it almost impossible for the authorities to fix a date to reopen the institutions. With the ups and downs in the Covid-19 intensity, like everyone in the country's education sector, ICAB is also passing a traumatic time. However, we continued taking online classes. Though, we missed the regular May-June Exam session this year, we are contemplating to compensate that whatever the situation turns out to be.

 

Dear Members, in the month of July, we lost two of our comrades; Mr. Md. Enayet Ullah FCA passed away due to COVID 19 and Mr. Ajit Kumar Dhar FCA passed away because of cardiac arrest. My heart goes out to the bereaved families and friends of the deceased. May their soul rest in peace. Meanwhile, we pray to Almighty that the world finds a viable vaccine and we don’t have to see people being infected and dying of COVID 19 and its fallout.

 

With these, I would like to wrap up today. We pray to Almighty for His divine blessings to protect us from this pandemic and its fallout. We pray for everyone’s good health and well beings.  

 

 

 Muhammad Farooq FCA 

President

Update Date : 26/08/2020

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