President’s Communication: February 2021
Dear Fellow Members
Assalamu Alaikum, Greetings to you all,Hope you are all fine. Though unfortunately, we are in a situation where the number of people infected by Covid-19 has been again in rise triggering a fresh woe, and making us re-thinking its impact on our economy. We know that our society, economy, business have already been hit hard by the COVID Pandemic. We also do know that as professional, we have the knowledge, experience and ability of understanding the successful survival plan and the knowledge to overcome challenges caused by this pandemic.
For successful survival from this situation, transformation of business is significant. The potential and possibilities of our world to change is endless, no doubt. We must embrace the change, otherwise we will be overwhelmed by it.
Endowed with an entrepreneurial mind, a social heart, and an ecological soul; I believe, Chartered Accountants are the best fit to build the agile, inclusive, and sustainable businesses of the 21st Century.
With this prelude, I would like to update you on major activities that we undertook during the Month of February 2021.
ICAB organized day long workshop on “Audit Practice Software for CA Firms in Bangladesh” on 24 February 2021. I delivered address of welcome. Mr. Shubhashish Bose, CEO-ICAB introduced the “Theme of Workshop” and Ms. Maria Howlader FCA, Vice President- ICAB and Chairman of the Project demonstrated the Importance of Audit Practice Software and how CA Firms can be benefitted by overcoming the challenges of Existing paper based manual audit system.
Through zoom application, Live Demo Session on Audit Practice Software was conducted by Mr. Ken Chan, Product Specialist of CaseWare Asia Pte Ltd.
Mr. Muhammad Farooq FCA, Immediate Past President & Member Council-ICAB and Mr. Kamrul Abedin FCA, Past President & Member Council-ICAB demonstrated the methods and the opportunities to move forward from Paper Based Manual Audit System to Automated License Compliance Software.
Mr. Anwarul Karim FCA, Executive Director of FRC Bangladesh was present in the programme while Mr. Md. Abdul Kader Joaddar FCA, Vice President- ICAB made closing remarks. About 70 partners of different CA Firms participated in the workshop.
A virtual members’ conference on ‘Financial Reporting in Insurance Sector of Bangladesh’ was organized by ICAB on Monday, 08 February 2021 through Online Zoom App.
Dr. M. Mosharraf Hossain FCA, Chairman, Insurance Development and Regulatory Authority graced the occasion as the Chief Guest. I delivered address of welcome. Mr. Muhammad Farooq FCA, Member Council and Past President-ICAB introduced the Keynote Speaker and chaired the session while ICAB Chief Executive Officer (CEO) Mr. Shubhashish Bose delivered introductory speech.
Mr. M Ala Uddin Ahmad FCA, General Manager, MetLife Bangladesh; Mr. Mohammad Mohiuddin Ahmed FCA, Executive Director, Financial Report Monitoring Division, Financial Reporting Council Bangladesh, Mr. Md. Alamgir Hossain, Member (Income Tax Policy), National Board of Revenue; Mr. Nurun Nahar, Executive Director, Deposit Insurance Department, Bangladesh Bank were present as special guests. Mr. Abdul Kader Joaddar FCA, Vice President, ICAB delivered closing remarks of the conference.
Mr. Sk. Md. Tarikul Islam FCA, Partner, Hoda Vasi Chowdhury & Co., Chartered Accountants and Mr. Ala Uddin FCA, Chief Financial Officer, American Life Insurance Company (MetLife) presented keynote papers in the conference.
ICAB delegates held a view exchange meeting with Mr. Kazi Sayedur Rahman, Deputy Governor, Bangladesh Bank at the latter’s office on 24 February 2021. The delegation was led by me and the other members were Vice Presidents Mr. Md. Abdul Kader Joadder FCA & Ms. Maria Howlader FCA, Chief Executive Officer (CEO) Mr. Shubhasish Bose and Fellow Member Mr. Mohammad Al Maruf Khan.
We discussed the ongoing activities of the Institute and the different matters relating to CA profession.
I along with Vice President Ms. Maria Howlader FCA and Chief Executive Officer (CEO) Mr. Shubhashish Bose paid a courtesy call on Planning Minister Mr. Muhammad Abdul Mannan, MP at latter’s office on 23 February 2021. We discussed matters relating to the profession.
Meeting with Commerce Minister, GoB
ICAB delegation led by me also met Mr. Tipu Munshi, MP, Minister, Ministry of Commerce, GoB on 17 February, 2021. The other members of the delegation were Vice Presidents- Mr. Md Abdul Kader Joaddar FCA and Ms. Maria Howlader FCA, Council member Mr. Md Moniruzzaman FCA and Chief Executive Officer, ICAB Mr. Shubhashish Bose. Mr. Mohammad Mashooqur Rahman Sikder, PS (Deputy Secretary) to Commerce Minister and Mr. Md. Aminul Islam, Deputy Secretary of the same Ministry were also present in the meeting.
ICAB Delegates Met with NBR Member (Implementation & IT)
A team of ICAB led by me met Dr. Abdul Mannan Shikder, Member (Implementation & IT), National Board of Revenue (NBR) at the latter’s office on 09 February 2021. We discussed issues relating to professional interest. Other members of ICAB team were Council Members Mr. Md. Moniruzzaman FCA, Mr. Mohammed Forkan Uddin FCA, Chief Executive Officer(CEO) Mr. Shubhashish Bose and Fellow Member Mr. Snehasish Barua FCA.
International Conference by South Asian Federation of Accountants (SAFA)
I also participated as a speaker in International Conference of South Asian Federation of Accountants (SAFA) titled Digitalization of Accounting & Auditing: Challenges and Opportunities” Use of Blockchain, Robotics and Process Automation” on 5 February 2021
I stressed on the need to be updated with latest technology, digitalization and professional knowledge and apply that knowledge in development of economy and nation building.
ICAB organized a workshop on ‘Project Management and Strategic Leadership’ on Friday & Saturday, 26 & 27 February 2021 at ICAB Training Room, CA Bhaban, Dhaka. I spoke at the closing session of the workshop and handed over certificates to the participants. ICAB Vice President Ms. Maria Howlader FCA, Council Members Mr. Md. Moniruzzaman FCA, Mr. Mohammed Forkan Uddin FCA, Chief Executive Officer (CEO) Mr. Shubhashish Bose and Chief Operating Officer (COO) Mr. Mahbub Ahmed Siddique FCA, among others were present in the closing session of the workshop.
Resource person of the workshop was Mr. Md. Lutfur Rahman, Project Manager (Sr. Asst. Secretary), Export Competitiveness for jobs (EC4J) Project. About 40 members of this Institute took part in the workshop.
Finally, I would like to pay profound respect for those who sacrificed their lives for the dignity of our Mother language in this month of February and international community rightly have acknowledged 21 February being ‘International Mother Language Day' for the world. We owe so much to them!
No more today
Prayer for everyone to have safe days ahead
With warm regards
Mahmudul Hasan Khusru FCA