January 2009, No.231

Transcription

ISSN 1993-5366
January 2009
ICAB News Bulletin
No. 231
Monthly News briefing from the Institute of Chartered Accountants of Bangladesh
MEMBER OF:
New President Pledges to
Build Better Institute
International Federation of
Accountants (IFAC)
International Accounting
Standards Board (IASB)
South Asian Federation of
Accountants (SAFA)
Confederation of Asian
and Pacific Accountants
(CAPA)
In This Issue
p
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New President Pledges
to Build Better
Institute
President's
Communication
January-2009
Sheikh A Hafiz takes
over as President, SAFA
for 2009
CR Mazumder Elected
Member SecretarySAFA for 2009
Workshop held at ICAB
on Audit Practice
Manual
ICAB Delegation meets
Minister-Law Justice &
Parliamentary Affairs
Meeting held Between
ICAB and ACCA
IFAC News
Committees of ICAB
for 2009
Result of CA Exam in
November-December
2008
24 Chartered
Accountants Qualified
in Nov-Dec 2008 Exam
ICAB Provides
Counseling to Promote
CA Education
Permission to Start
Practice
Permission to Train
Articled Students
Mr Nasir Uddin Ahmed FCA expecting cooperation from all on his reception ceremony.
he employees of the Institute organized a
simple ceremony for the Outgoing President
Mr. Md Humayun Kabir FCA and Incoming
President Mr. Nasir Uddin Ahmed FCA on 01 January
2009. In this ceremony Mr. Md. Humayun Kabir FCA,
President-2008 formally handed over the
responsibility of the presidency to Mr. Nasir Uddin
Ahmed FCA, President-2009. The function was
addressed among others by Secretary Mr. N I
Chowdhury FCA and the officers of the Institute. He
thanked both the outgoing and incoming Presidents
and expected that 2009 will be another successful year
like 2008. The Secretary in his speech highlighted the
achievements made during the outgoing President’s
tenure of office. Each praised his sincere efforts and
contributions in upholding the honour and prestige of
the Institute both at home and abroad.
T
Outgoing President Mr. Md Humayun Kabir FCA
requested all employees of ICAB to uphold the best
interest of the Institute above all personal interests and
help and follow the instructions of the new president
with diligence and sincerity. He offered his sincere
thanks and gratitude to everyone at the Institute for
their unstinting support and assistance to him during
the year. This had made the time considerably easier
for him to carry out his task and fulfill most of his
commitments as President.
Mr. Nasir Uddin Ahmed FCA, newly elected president
of ICAB for 2009 spoke on the occasion and urged all
to work for Institute's development. He also sought
support of all for ICAB's uplift. He solicited
cooperation from the employees that will make him
easy to present a successful year. Mr. Ahmed said that
though it is his first time to act as a president but
earlier he worked as Vice President and Members of
many committees. So it will be a little bit easy for him
to work in a friendly environment with the help of all.
Mr. Md. Syful Islam FCA and Mr. Shahadat Hossain
FCA, newly elected vice presidents for 2009 also
spoke on the occasion.
Mr. Md. Humayun Kabir’s one-year term in office as
President of the Institute expired on 31st December.
He was elected at the council meeting held on 29
December 2007.
ICAB News Bulletin
No. 231
Mr Nasir Uddin Ahmed FCA, President-ICAB photographed with office bearers of the Institute and Past Presidents and Vice-Presidents. Secretary, DOS and other employees
of ICAB are also seen in the photograph.
President's Communication January 2009
My dear fellow members,
Bismillahir Rahmanir Rahim.
Greetings and my very best wishes to you at the beginning of a new year. You
will by now have heard of my election by the Council as your President for
the year 2009 with Mr. Showkat Hossain FCA, Mr. Md. Syful Islam FCA and
Mr. Md. Shahadat Hossain FCA being elected as Vice Presidents. For this
great honour, I remain eternally grateful to the Almighty as well as the
honourable Council members and indeed to all of you. I seek your blessings
and support to make this year a successful and eventful one for the Institute
and hope I can live up to your expectations and be of service to you.
This is my first formal communication to you since I took over the office of
the President of the Institute in January and I hope to continue this practice on
a regular basis to keep you informed of activities of ICAB towards enriching
this profession and also invite your suggestions for improvement of our
beloved Institute. I remain available at the Institute office or on e mail or
telephone, if you wish to communicate with me regarding any problem you
may face or any suggestion you wish to make.
I also wish to take this opportunity of thanking our Immediate Past President,
Mr. Md. Humayun Kabir FCA for extending his all out support and
cooperation to me and my Vice Presidents after our assumption of office. I
look forward to receiving his and the Council’s support during my tenure.
Formation of Committees
By far the first and most important task of the new President and the Council
is to form the committees for the new year. I am pleased to inform you that
the committees were formed in January in accordance with the ICAB Bye
Laws and they have already started functioning. As you are aware, the
Standing and Other Committees of the Institute, headed by very distinguished
Chairmen, are the driving forces behind all activities of the Institute and
provide the general and Council members the opportunity to work together
for the betterment of the Institute. In this regard, I solicit your active support
and encourage you to participate in all the meetings of the Committees in
which you have been nominated by the Council and make your voice heard.
January 2009
This is your Institute and only through your active participation, we in the
Council can play an important and effective role in discharging our
responsibilities.
I would now like to touch on some of the major activities carried out during
the month of January 2009 and also provide a brief snapshot of future
activities planned for the next month and the rest of the year.
Examination Results:
The results of C A Professional examinations held in Nov 2008 were declared
in this month and a total of 24 students came out successful in PE-III to
become full Chartered Accountant. In addition, a total of 40 students passed
in PE II and 171 passed in PE I. There has been a substantial increase in
number of students passing their PEI exams, which is the first step of the
professional journey of the students. The Council is very much conscious of
the need to improve the quality and quantity of our members in the near
future. We are making all out efforts to attract good inputs to produce good
output to the profession. We have various actions in mind to attract brilliant
students into this esteemed profession.
I congratulate all those who have passed various professional examinations.
My special compliments to those who qualified as full Chartered Accountant.
Education is one of the two major areas of ICAB’s operations, the other one
being the regulation of the accounting profession. Declaration of the PE
results of November 2008 examination was an important job carried out
during this month.
SAFA Board & Assembly meeting in Pokhara, Nepal
SAFA Board Meeting & Assembly meeting and Conference were held in
Nepal during last week of the month. It is a matter of great pride for us that
Past President, Mr. Sheikh Abdul Hafiz FCA took over SAFA Presidency for
2009 at the SAFA Assembly held in Pokhara, Nepal. Through this taking
over, Mr. Hafiz, on behalf of ICAB, will be the leader of close to 2,00,000
qualified accountants in South Asia. I hope you will see many SAFA events
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ICAB News Bulletin
in Bangladesh during his tenure as President SAFA. I wish Mr. Hafiz a most
successful year as the SAFA President.
Meeting with Minister for Law, Justice & Parliamentary Affairs
We had a fruitful meeting with the honourable Minister on some very
important issues relating to our profession and have been able to convince him
of the need for his kind intervention. We hope to see the benefits of this
meeting soon.
ICAB & ICAEW Twinning project
ICAB & ICAEW Twining Project is in progress with various targets mainly
to improve both quality and quantity of our members. This is one of the key
tasks that is getting much importance from the highest body of the ICAB. The
progress of the project is being monitored regularly.
ICAB’s recommendations on National Budget for the year
2009-2010
In view of the request from NBR, ICAB submitted a list of 29 points
suggestions/ recommendations to the Chairman NBR for consideration in the
next budget. These were discussed and approved at the meeting of the
Taxation and Companies Law Committee before submission of the same.
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IAASB guidelines to assess impact of credit crisis on “Going
Concern Assumption”
IAASB has recently issued Practice Alert helping Auditors and Management
to assess impact of credit crisis on "Going Concern Assumptions". Under this
present situation, it could be unique challenge for management and auditors
in meeting their responsibilities in assessing an entity’s ability to continue as
a going concern for various economic reasons arising from present economic
conditions. To help auditors and management, as well as those charged with
governance, in addressing those challenges, the staff of the International
Auditing and Assurance Standards Board (IAASB), under the auspices of the
International Federation of Accountants (IFAC), has released a new practice
alert entitled Audit Considerations in Respect of Going Concern in the
Current Economic Environment. The alert was developed following
consultation with the IAASB and a review of similar guidance issued by their
national standard setters.
The guidelines were downloaded and forwarded to all respected members of
ICAB through email for their benefit.
Other key activities of the month
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We were very shocked and saddened to hear the news of the demise of
our very respected Past President and long time Council member,
ICAB, Mr. Md. Yunus, FCA, founder partner of M/S Howladar Yunus
& Co., Chartered Accountants, Past President SAFA, Past President,
Dhaka Chamber of Commerce and Industry and a very prominent leader
of the business community of this country. A Doa Mahfel for salvation
of the departed soul of Late Md. Yunus, FCA was organized by ICAB
where a good number of members and members of the family of Late
Md. Yunus attended to mark respect to our Past President. President and
Council members also attended the Doa Mahfel organized by Howladar
Yunus & Co. on the 10th January. He will be deeply missed by his
colleagues in the Institute and by his many students.
Two Council meetings were held in January, where among others, major
decisions like formation of Committees for 2009 and declaration of
professional results, were taken.
In view of the growing complexity of the accounting requirements and
the need to keep our members abreast of the latest developments, both
at home and abroad, it has now been decided that a new Committee
January 2009
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No. 231
called “CPD Committee” would be formed with the responsibilities of
all CPD related activities, which hopefully would enable us to further
structure CPD activities and help us in making our Institute compliant
with the SMO requirements of IFAC.
A meeting was held on the 14th January with Mr. Nick Raynault, the
reviewer of the QAD of ICEAW on various aspects of the Audit
Practice Manual at ICAB Council room.
Formal launching of Audit Practice Manual and workshop on the same
was held on the 17th January. A good number of practicing Chartered
Accountants attended the workshop.
Ms Mohua Rashid, Country Manager of the Association of Chartered
Certified Accountants (ACCA) made a courtesy call on the President
and Vice Presidents where Past President Mr. Farhad Hussain FCA and
Secretary were present. Issues of mutual interest were discussed.
Attended and inaugurated the new office of M/S Syful Shamsul Alam
& Co. Chartered Accountants on the 17th January.
ICAB participated in the Student Counseling Programme on 23rd &
24th January 2009, arranged by the Department of Accounting &
Information System of the University of Dhaka to attract brilliant
graduates into Chartered Accountancy programme.
President, Secretary and leaders of the Bangladesh Chartered
Accountancy Chhatra Parishad (BCACP) made a courtesy call on the
17th January 2009 at C A Bhaban. We discussed various issues relating
to education & training and further improvements in those areas.
Attended meeting of the Institute of Capital Market as President, ICAB
and actively participated in the proceedings of the meeting.
Activities Planned for February 2009
We have already planned the following activities for the month of February:
Making courtesy calls on the Honourable Minister of Commerce and
Minister for Industries to project the Institute’s activities and have their
support & assistance whenever needed.
Holding at least one Council and one EC meeting.
Holding meetings of the following Standing and Other Committees–
•
Executive Committee
Quality Assurance Board
•
•
Professional Development Committee
•
Committee for Professional Development for Women
•
By-Laws Amendment Committee
Project Development & Implementation Committee
•
•
Real Estate Committee
Continuous Professional Development Committee
•
Holding at least 2 CPD Seminars on topical issues
DRC- ICAB Annual Picnic 2009
CRC-ICAB Annual Picnic 2009
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Conclusion
In conclusion, may I humbly remind the honourable members that we live in
challenging times and lot of attention is increasingly being focused on the
work of our members – be it in practice or in industry. I sincerely hope that
we can jointly work together to uphold and enhance the image of Chartered
Accountants both at home and abroad.
Wish you all the best.
Nasir U Ahmed, FCA
Dated: 15th February 2009
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ICAB News Bulletin
No. 231
Sheikh A Hafiz takes over as
President, SAFA for 2009
Mr. Hafiz is the Senior Partner of Rahman
Member of Sweden-Bangladesh Trust
Rahman Huq (RRH), a leading firm of
Fund Committee. He is also a life Member
Chartered Accountants in Bangladesh.
of the Bangladesh Medical Studies and
RRH is a Member Firm of KPMG
Research Institute.
International which is one of the “Big 4”
Accounting Firms in the World. Mr. Hafiz
is a senior member of the Institute of
Chartered Accountants of Bangladesh
(ICAB). He is also a fellow member of the
Institute of Chartered Accountants in
Sheikh A. Hafiz FCA
England & Wales (ICAEW). Mr. Hafiz is a
r. Sheikh A. Hafiz FCA has
Council Member and a Past President of
been elected President of
ICAB. He was Vice President of SAFA for
South Asian Federation of
the year 2008. Mr. Hafiz was a member of
Accountants (SAFA) for the year 2009 at
the National Gas Utilisation Committee.
the Assembly meeting of SAFA held on 26
He was a Director of Sonali Bank Limited
January 2009 in Pokhara, Nepal.
for over six years and currently a Director
Before this an ICAB delegation headed by
of Agrani Bank Limited. Mr. Hafiz is a
Mr Nasir Uddin Ahmed FCA President-
dedicated social worker and is associated
ICAB left for Kathmandu Nepal on 23
with many social organizations in various
January 2009 to attend the SAFA Board
capacities. He is the Chairman of the
Meeting and SAFA Assembly meeting
Governing Body of Dhanmondi Rotary
held on 25 and 26 January 2009.
Club Girls High School at Savar and is a
M
Meetings and Programmes held in the Month of January 2009
Date
Meetings/Programmes
06.01.09
Meeting of Bangladesh Institute of Capital Market
07.01.09
Meeting of the Council
11.01.09
Milad Mahfel
14.01.09
Meeting with Nicholas David Reynolds, Reviewer, QAD, ICAEW
15.01.09
Courtesy call with Law Minister B. Shafiq Ahmed
17.01.09
Workshop on Audit Practice Manual
21.01.09
Exam Committee Meeting
23-24.01.09
Students Counseling Centre on C.A. Education at TSC, DU
24-26.01.09
Nepal Visit (Mr Nasir Uddin Ahmed FCA,
• Courtesy call with ACCA (Mohua Rashid)
• Meeting of the Council
Mr Sheikh A Hafiz FCA and C R Mazumder FCA
28.01.09
Meeting of Taxation & Corporate Laws Committee (TCLC)
29.01.09
Meeting of Real Estate Committee
January 2009
C R Mazumder Elected
Member Secretary,
SAFA for 2009
n
Mr C R Mazumder FCA
Mr C R Mazumder FCA has been elected
Executrive Secretary of South Asian
Federation of Accountants (SAFA) for the
year 2009 at the Assembly meeting of
SAFA held on 26 January 2009 in Pokhara,
Nepal
Mr C R Mazumder FCA was a
contributing member of the Committee for
SAFA WAY FORWARD for updating
SAFA constituion 2006.
Mr C R Mazumder is a Fellow Member of
the Institute of Chartered Accountants of
Bangladesh (ICAB). He is the former Vice
President-ICAB and Ex-member of
WASA Board. Mr Mazumder is in practice
as public accountant for 28 years as a
Partner of Saha Mazumder & Co.,
Chartered Accountants. Before entering in
a practice he served for 12 years as CFO
and Administration Head of two reputed
industrial groups of the country. Apart
from his career as above, he is also
engaged in various social and
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philanthropic activities.
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ICAB News Bulletin
No. 231
Workshop held at ICAB on Audit
Practice Manual
he
T
Institute
Accountants
of
of
Chartered
Bangladesh
(ICAB) organized a Workshop on
Audit Practice Manual on 17 January 2009
at ICAB Auditorium. The workshop was
attended by the practicing accountants of
different audit firms of the country. Mr.
Nick
Reynolds,
ICAEW-Quality
Assurance Department (QAD) presented
the paper on workshop. Mr. Nasir Uddin
Ahmed FCA, President-ICAB inaugurated
the workshop with his address of welcome.
Mr. Juris Reinhards, Project Head,
Twinning Project , Bangladesh conducted
the workshop.
In his address of welcome Mr. Ahmed said
that, ICAB organized the Audit Practice
Manual Launching Programme as well as
workshop to make practicing members
understand the manual properly. The
intention of this manual is to uplift the
quality
of
practicing
members
in
Bangladesh. He drew a short picture of
Twinning project and said that the project
has been covering many areas where one of
the important areas is to improve the
quality of our practices. Hence, the reports
Mr Nasir Uddin Ahmed FCA, President-ICAB welcoming everybody to the Workshop on Audit Practice Manual.
improve the quality of the profession. He
(APM) to raise the quality of audit,
hoped that in future it will benefit the
enhance
profession in terms of improved quality
management. He also highlighted the
control, enhanced regulatory framework
benefits of APM and explained the APM
and may be also
form the basis for
structure, audit planning, risk assessment
improved audit fees. Mr. Reinhards said
and internal controls. Mr. Reynolds cited
that the Audit Practice Manual will
some case studies and suggested how to
demonstrate to the regulatory bodies such
quantify materiality when auditing finan-
as SEC and Central Bank that ICAB is
cial statements during the course of an
fully committed to improving standards
audit. He also discussed audit programmes
of quality, this should also improve their
and completion of audit in compliance with
understanding of what an auditor does.
BSA requirements. He said that all audit
Mr. Reinhards also said that ICAB
prepared by our practicing members would
established
be highly acceptable is every corner of this
Department (QAD) in December 2008
world. He said that the manual is very rich
where ICAB appointed a Deputy Director.
and it will be very useful not only for the
In 2009 the new QAD intends to visit
practicing members but also for the non-
audit firms to assist them in the
practicing members.
implemention of the Audit Practice Manual
There are many
a
Quality
Assurance
The pilot-testing of the Audit
schedules included in this manual which
(APM).
members can follow,
which will really
Practice Manual during the second half of
make their life easier and they would be
2008 helped to generate feedback, which
able to finish their jobs within the time
was incorporated into the draft APM ,
frame, which will make the jobs less costly.
which was supervised by
He suggested all members study the
Project.
practice manual carefully.
Presenting the Audit Practice Manual, V. 2
While discussing about the Twinning
.0 (version 2.0), Mr. Nick Reynolds of
Project Mr. Juris Reinhards, Project Head,
ICAEW-QAD described the necessity of
Bangladesh, said that this Project aims to
introducing an Audit Practice Manual
January 2009
the Twinning
audit
efficiency
and
risk
areas are well covered in the manual. There
are 224 pages in the Audit Practice
Manual, which covered Audit Completion
Files Index, Planning Files Index, Control
Files Index, Procedure Files Index,
Programme Files Index, Permanent Files
Index etc.
At the last phase of the workshop the
participants enjoyed a lively interaction
and worked on various case studies,
supervised by the Twinning project team..
A meeting was also held before the
Workshop on the 14th January with Mr.
Nick Reynolds, the reviewer of the QAD
of ICAEW and ICAB staff on various
aspects of the Audit Practice Manual.
n
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ICAB News Bulletin
No. 231
ICAB Delegation meets Minister-Law Justice & Parliamentary Affairs
delegation of the Institute of
Chartered
Accountants
of
Bangladesh (ICAB) made a
courtesy call on the Honourable Minister
of Law, Justice & Parliamentary Affairs,
GoB at his office on 15 January 2009. The
ICAB delegation was led by Mr Nasir
Uddin Ahmed FCA, President-ICAB.
Other members of the ICAB delegation
were Mr. M. J. Abedin FCA, Mr. M
Farhad Hussain FCA, Council Members &
Past Presidents and Mr. N I Chowdhury
FCA, Secretary-ICAB.
The ICAB delegation informed the
Honourable Minister, that as a member of
different International and Regional
Accounting Bodies, ICAB is playing a
very vital role to improve the accounting
and auditing standards, corporate
management and governance, financial
reporting standards and ethical issues
related therewith in Bangladesh.
The ICAB delegation brought to the notice
of the Minister that given the opportunity
the members of the Institute can offer their
A
s. Mohua Rashid, Country
M
Manager, the Association of
Chartered
Mr Nasir Uddin Ahmed FCA (2nd from right), is seen with Barrister Shafique Ahmed, Honourable Minister of Law,
Justice & Parliamentary Affairs, GoB (centre) and (L-R), Mr N I Chowdhury FCA, Mr. M Farhad Hussain FCA and
Mr. M. J. Abedin FCA.
professional services in audit and other
allied matters in befitting manner. The
Minister gave a patient hearing to the
ICAB delegation and highly praised the
role of the ICAB in promoting the
accountancy education and consolidating
the profession of the accountants to build
up a healthy corporate sector to support the
growth of the economy.
n
Meeting held Between ICAB and ACCA
Certified
Accountants (ACCA) visited the Institute
of Chartered Accountants of Bangladesh
(ICAB) and had a meeting with cordial
exchange of views with an ICAB team on
17 January 2009 at ICAB office.
The ICAB team was headed by Mr. Nasir
Uddin Ahmed FCA, President-ICAB.
Other members of ICAB team were Mr Md
Shahadat Hossain FCA, Mr Md Syful
Islam FCA, VPs-ICAB, Mr. Anwaruddin
Chowdhury FCA, Member Council and
Past President-ICAB, Mr M Farhad
Hussain FCA Member Council and Past
President-ICAB and Mr N I Chowdhury
FCA, Secretary-ICAB.
They both raised issues of mutual interest
Picture shows: Mr Nasir Uddin Ahmed FCA (3rd from right), Ms Mohua Rashid (centre) and (R-L), Mr. M Farhad
Hussain FCA, Mr Anwaruddin Chowdhury FCA, Mr Md Shahadat Hossain FCA, Mr Md Syful Islam FCA and Mr
N I Chowdhury FCA.
between ACCA and ICAB and other
The ICAB and the ACCA delegation
among themselves to uphold the dignity of
matters related with accounting profession.
agreed to build up a professional fraternity
the accounting profession.
January 2009
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ICAB News Bulletin
No. 231
IFAC News
IAASB Issues Audit Practice Alert on Going Concern
The staff of the International Auditing and Assurance
Standards Board (IAASB) has released a new practice
alert entitled Audit Considerations in Respect of Going
Concern in the Current Economic Environment. The alert is designed
to assist auditors and management, as well as those charged with
governance, in responding to the unique challenges arising from the
current financial crisis when evaluating an entity’s ability to continue
as a going concern. The practice alert highlights areas within
International Standard on Auditing (ISA) 570, Going Concern, as well
as other ISAs, which are particularly relevant in the current economic
environment. It also provides additional guidance for auditors in
evaluating management’s use of the going concern assumption, and
raises awareness of issues surrounding liquidity and credit risk that
might create new uncertainties for entities, or exacerbate those already
existing.
The unexpected severity, speed and consequences of the credit crisis
present unique challenges for management and auditors in meeting
their responsibilities in assessing an entity's ability to continue as a
going concern. To help auditors and management, as well as those
charged with governance, in addressing those challenges, the staff of
the International Auditing and Assurance Standards Board (IAASB)
has released a new practice alert entitled Audit Considerations in
Respect of Going Concern in the Current Economic Environment. The
Standards on Auditing, assurance/ sustainability reporting, and
International Financial Reporting Standards.
Resources on IFACnet are available in several languages, including
French, German and Italian. The majority of IFACnet searches are still
made in English, but the engine received requests from individuals of
201 countries and jurisdictions who speak 77 different languages. A
significant number of visitors were speakers of Spanish, Chinese,
French and German.
Currently, 35 organizations provide content. The newest IFACnet
participants are:
• Institut der Wirtschaftsprüfer in Deutschland e.V.;
• the Fédération des Experts-Comptables Européens;
• the Public Interest Oversight Board;
• the Institute of Internal Auditors; and
• the International Association of Accounting Education and
Research.
IFAC is continually enhancing IFACnet features and functionality and
regularly seeks additional organizations to share content. Becoming a
participant is easy; IFACnet simply “spiders” relevant content
specified by the participant, much in the same way that Google and
other search engines retrieve information.
Part I of the 2008 ISA Handbook
Remains in Effect for 2009
To help professional accountants address issues related to the current
financial crisis, IFAC has launched a new section dedicated to the
global financial crisis (http://www.ifac.org/financial-crisis) on its
website. This section serves as an international clearinghouse of
programs, articles, speeches and other initiatives undertaken by IFAC,
its independent standard-setting boards, members and associates, and
other organizations whose work is relevant to professional accountants
both in public practice and in business.
Part I of the 2008 edition of the IFAC Handbook of International
Standards on Auditing, Assurance, and Ethics Pronouncements will
remain in effect during 2009.
This part of the handbook contains pronouncements on auditing,
review, other assurance, and related services issued by the International
Auditing and Assurance Standards Board (IAASB) as of January 1,
2008. It also includes the Code of Ethics for Professional Accountants,
issued by the International Ethics Standards Board for Accountants.
Part II of the 2008 edition of the handbook, which features nine
redrafted International Standards on Auditing (ISAs) and background
information on the IAASB’s Clarity Project, will be withdrawn when
the handbook containing all the redrafted ISAs is released by IFAC in
April 2009.
The 2009 handbook will contain a complete set of IAASB
pronouncements, including all the ISAs that have been redrafted to
improve their clarity and that become effective on December 15, 2009.
In addition, this handbook will contain the redrafted International
Standard on Quality Control 1, a Glossary of Terms, and an amended
Preface.
IFACnet Attracts 80,000 Visitors
with Increased Functionality
CAGs for IAASB and IESBA to host
Standard Setting Session in Dubai
Over the past year, nearly 80,000 individuals used the IFAC
KnowledgeNet, the global search engine customized for the
accountancy profession (http://www.ifacnet.com). The most popular
searches included information on corporate governance, International
As part of its outreach initiatives, the Consultative Advisory Groups
(CAGs) of the International Auditing and Assurance Standards Board
(IAASB) and the International Ethics Standards Board for Accountants
(IESBA) will host an information session on international standard
alert highlights areas within International Standard on Auditing (ISA)
570, Going Concern, as well as other ISAs, which are particularly
relevant in the current economic crisis.
This is the second audit practice alert issued by IAASB staff. The first,
Challenges in Auditing Fair Value Accounting Estimates in the Current
Market Environment, was issued in October 2008 to help auditors
address the challenges of auditing fair value accounting estimates and
highlights areas within the ISAs that are particularly relevant in times
of market uncertainty.
IFAC Launches Financial crisis web page
January 2009
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ICAB News Bulletin
No. 231
IFAC News
setting and convergence in cooperation with the Dubai International
Financial Centre on March 12, 2009. Professional accountants working
in business, industry, academia and the public sector are invited to
attend along with others interested in learning more about the work of
these standard setting boards.
The free seminar, which will be held from 9 a.m. to 5 p.m., will focus
on the following topics:
• The importance of international convergence in standard setting;
• Reflections on ethics and standards in the current environment;
• Implications of new independence standards for professional
accountants;
• Developments for auditors aimed at achieving clarity and
consistency in auditing standards and their application, and
• The role of consultation and oversight in standard setting.
In addition, members of the CAG will participate in a panel session on
the subject of fair value accounting in light of the financial crisis as
well as ethics and corporate governance.
•
ISA 505 (Revised and Redrafted), External Confirmations
•
ISA 520 (Redrafted), Analytical Procedures
•
ISA 620 (Redrafted), Using the Work of an Auditor's Expert
•
ISA 710 (Redrafted), Comparative Information-Corresponding
Figures and Comparative Financial Statements
The complete set of clarified ISAs will be effective for audits of
financial statements for periods beginning on or after December 15,
2009. The ISAs can be downloaded free-of-charge from the IFAC
online bookstore at http://www.ifac.org/Store. The IAASB also plans
to publish the set of clarified ISAs in a handbook, expected to be
released in April 2009.
New IFAC Paper Explains International
Standard-Setting Process
IFAC has released a policy paper that describes the international
standard-setting process, particularly for International Standards on
IFAC Launches Financial Crisis Web Page
Auditing (ISAs). The paper, International Standard Setting in the
To help professional accountants address issues related to the global
Public Interest, explains how responsibility is shared between public
financial crisis, the International Federation of Accountants (IFAC) has
and private sector organizations to produce high quality standards that
launched a web page that serves as an international clearinghouse of
are in the public interest. The paper identifies the underlying principles
programs, articles, speeches and other initiatives undertaken by IFAC,
of legitimacy, independence, accountability, transparency and
its independent standard-setting boards, members, associates and other
performance that are key to a successful standard-setting process. It
organizations whose work is relevant to professional accountants both
also describes how the structures and processes of the independent
in public practice and in business. IFAC is in the process of developing
standard-setting boards in the areas of international auditing, ethics and
a new section within the web page devoted to issues related to Small
accounting education are consistent with these principles.
and Medium-Sized Practices (SMPs).
The paper may be downloaded from the IFAC website by going to
IAASB Nears Finalization of Clarity Project with Issuance of Eight
http://www.ifac.org/Store/.
Standards
IAESB Proposes New Framework to Enhance Clarity and
The International Auditing and Assurance Standards Board (IAASB)
Relevancy of Standards
moved closer to the completion of its Clarity Project with the release
The International Accounting Education Standards Board (IAESB) has
of seven clarified International Standards on Auditing (ISAs) and one
undertaken a new initiative to enhance the relevancy, clarity and
clarified International Standard on Quality Control (ISQC), following
the consideration and approval by the Public Interest Oversight Board
(PIOB) of the due process. To date, the IAASB has released 29 final
redrafted ISAs and one final redrafted ISQC in the new clarity style.
The titles of the newly issued standards are as follows:
•
International Standard on Quality Control (ISQC) 1 (Redrafted),
Quality Control for Firms that Perform Audits and Reviews of
consistency of its standards as well as their applicability to IFAC
members and associates. It is proposing a revised Framework for
International Education Standards, which sets out the concepts that
underlie the IAESB's International Education Standards.
The proposed framework consists of two parts:
•
professional development, continuing professional development,
Financial Statements, and Other Assurance and Related Services
and measurement of the effectiveness of learning and
Engagements
•
development, which will be used by the IAESB when developing
ISA 220 (Redrafted), Quality Control for an Audit of Financial
the IESs; and
Statements
•
ISA 500 (Redrafted), Audit Evidence
•
ISA 501 (Redrafted), Audit Evidence-Specific Considerations for
Selected Items
January 2009
Part One explains the educational concepts of competence, initial
•
Part Two describes the nature of the IESs as well as the related IAESB
pronouncements and IFAC member body obligations.
n
Courtesy: IFAC Website
8
ICAB News Bulletin
No. 231
Committees of ICAB for 2009
The Standing and Other Committees of ICAB for the year 2009 were approved in a meeting of the Council-ICAB held on 7 January 2009.
Details are as follows:
STANDING COMMITTEES-2009
EXECUTIVE COMMITTEE
Chairman
Nasir Uddin Ahmed FCA
Members
Md. Syful Islam FCA
Md. Shahadat Hossain FCA
M. J. Abedin FCA
Sheikh A. Hafiz FCA
Md. Mustafizur Rahman FCA
Akhtar Sohel Kasem FCA
M. Farhad Hussain FCA
Md. Humayun Kabir FCA
Member Secretary: Secretary-ICAB
EXAMINATION COMMITTEE
Chairman
Members
Showkat Hossain FCA
ABM Azizuddin FCA
Masih Malik Chowdhury FCA
Anwaruddin Chowdhury FCA
ASM Nayeem FCA
Dr. Md. Abu Sayed Khan FCA
Jamaluddin Ahmed PhD FCA
Mohammed Mosleh Uddin FCA(22)
Badrul Ahsan FCA(59)
Sarwar Azam Khan FCA (409)
INVESTIGATION AND
DISCIPLINARY COMMITTEE
Chairman
AKM Rafiqul Islam FCA
Co-Chairman
Members
Showkat Hossain FCA
Abbas Uddin Khan FCA
Nasim Anwar FCA
Z U Ahmed FCA (10)
January 2009
Shamsul Alam FCA (15)
A. Rouf Bhuiya FCA (51)
A.K. Chowdhury FCA (52)
Abul Kashem FCA (74)
Sultan Ahmed FCA (92)
Howlader Mahfel Huq FCA(17705)
Iftekhar Hossain FCA (150)
Burhanuddin Ahmed FCA (169)
Md. Aminur Rahman Chowdhury FCA (228)
ATM Mustafizur Rahman FCA (253)
Md. Amirul Islam FCA (331)
A K Gulam Kibria FCA (392)
A F Nesaruddin FCA (469)
Md. Enamul Haque Choudhury FCA (471)
Kamrul Abedin FCA(527)
Faroque Ahmed Khan FCA (618)
Shama Rukh Alam FCA (724)
Syed Saiful Islam ACA (747)
Ajit Kumar Paul ACA (908)
ARTICLED STUDENTS COMMITTEE
Chairman
Sheikh A. Hafiz FCA
Members
Md. Syful Islam FCA
M J Abedin FCA
Jamal Uddin Ahmad FCA
Manzoor Alam FCA (132)
Md. Rafiqul Islam Khan FCA (155)
J R Chowdhury FCA (170)
Chitta Ranjan Mazumder FCA (178)
Md. Nurul Haque FCA (195)
Md. Shafiul Alam FCA (254)
AFM Alamgir FCA (268)
Md. Anisur Rahman FCA (350)
Mohammad Nurun Nabi FCA (370)
A K Gulam Kibria FCA (392)
AKM Mizanur Rahman FCA (438)
S M Zakaria Bhuiyan FCA (446)
AKM Mohitul Haq FCA (458)
Tofayel Ahmed FCA (468)
Ashraful Ameen FCA (513)
Muhammad Farooq FCA (521)
Md. Shamsul Alam Mallick FCA (676)
Md. Atikur Rahman FCA (715)
Md. Moktar Hossain FCA (728)
Md. Sayeed Ahmed FCA (811)
Mohammad Tofazzul Hussain ACA (848)
Md. Din Islam Miah ACA (873)
Shuvra Kanti Choudhury ACA (932)
Chairman, DRC
Chairman, CRC
TECHNICAL & RESEARCH
COMMITTEE
Chairman
Members
Showkat Hossain FCA
A S M Nayeem FCA
Parveen Mahmud FCA
M. Ashraful Haque FCA (69)
Md. Waliuzzaman FCA (264)
Manoranjan Bhakta FCA (475)
M A Baree FCA (482)
Md. Abdus Salam FCA (570)
AKM Shamsul Alam FCA (584)
Md. Sadrul Huda FCA (601)
Nehal Ahmed FCA (609)
Md. Humayun Bokhteyar FCA (631)
Adeeb Hossain Khan FCA (652)
Mashuque Ahmed FCA (690)
Gopal Chandra Ghosh FCA (716)
Md. Faruk Uddin Ahammed FCA (720)
Mohammad Ayaz FCA (734)
Md. Rokonuzzaman FCA (739)
Ahmed Raihan Shamsi FCA (745)
Saiful Huq FCA (746)
Md. Habibullah Monju FCA (759)
Shaheduzzaman Choudhury FCA (775)
Md. Moniruzzaman FCA (787)
Mohammad Mohiuddin Ahmed FCA(800)
Obed Pandit FCA (810)
Harun Mahmud ACA (850)
9
ICAB News Bulletin
Shibly Ahmed ACA (919)
Mohammed Sabir Ahmed ACA (949)
AKM Ziaul Hasan Khan ACA (1041)
Secretary-DRC
Secretary-CRC
BOARD OF STUDIES
Chairman
ABM Azizuddin FCA
Members
Md. Syful Islam FCA
ASM Nayeem FCA
Parveen Mahmud FCA
Mohammed Mosleh Uddin FCA (22)
Beg Mohammed Nurul Azim FCA (43)
Sahebzada Syed Giasuddin Ahmed FCA (144)
Md. Shafiqul Islam Khan FCA (173)
Md. Abu Sayeed Miah FCA (444)
M A Baree FCA (482)
Md. Giash Uddin FCA (497)
Kamal Uddin Ahmed FCA (545)
Peyar Ahamed FCA (546)
Md. Ayub Chowdhury FCA (557)
Akhtar Sanjida Kasem FCA (643)
Md. Helal Uddin FCA (645)
Yesmin Sabder Ali FCA (649)
Md. Harun-or-Rashid FCA (697)
Md. Salim Uddin FCA (710)
Md. Habib Jamal FCA (712)
Mohammad Mainur Rahman Bhuiyan FCA (742)
Md. Golam Kibria FCA (796)
Ala Uddin FCA (805)
M. Abu Bakar FCA (830)
Mahtab Murshed ACA (854)
Md. Abdur Rahim Miah ACA (858)
Mohammad Ali ACA (906)
Mohammed Hamidul Islam ACA (912)
Chairman, DRC
Chairman, CRC
Masud Khan, Finance Director, Lafarge
Cement
Shanti Narayan Ghosh, Professor, DU
QUALITY ASSURANCE BOARD
Chairman
Members
January 2009
Parveen Mahmud FCA
Nasim Anwar FCA
Abdul Hafiz Choudhury FCA (41)
Abdul Wahab FCA (48)
A K Chowdhury FCA (52)
Anil Chandra Nath FCA (53)
M A Quadir Mollah FCA (73)
M A Halim Gaznavi FCA (97)
Mujibul Huque FCA (180)
Md. Manzoor-ul-Alam FCA (258)
Md. Zahirul Alam FCA (265)
Muallem Ahmed Choudhury FCA (274)
Md. Afzal Hussain FCA (276)
AKM Aftabul Islam FCA (283)
Kamrul Abedin FCA (527)
Akhter Matin Chaudhury FCA (534)
Suraiya Zannath Khan FCA (582)
Ferdous Ahmed Khan FCA (612)
Ahsan Parvez FCA (624)
Shamsuddin Ahmed FCA (660)
Mohammad Al-Maruf Khan FCA (667)
Arshad Ali Chowdhury FCA (743)
Abu Noim Md. Kashem Chowdhury FCA (752)
Neaz Mohammed FCA (763)
Md. Jahidur Rahman ACA (860)
Muhammed Moshiur Rahman ACA (874)
Mohammed Forkan Uddin ACA (886)
Md. Fokrul Islam ACA (890)
Md. Anwar Hossain Chowdhury ACA (931)
NON-STANDING COMMITTEES-2009
REAL ESTATE COMMITTEE
Chairman
Members
Showkat Hossain FCA
M. J. Abedin FCA
M Farhad Hussain FCA
Parveen Mahmud FCA
Nasim Anwar FCA
K.M. Alam FCA (40)
Pinaki Das FCA (151)
No. 231
Md. Rafiqul Islam Khan FCA (155)
Quazi Shafiqul Islam FCA (165)
Sushil Kumar Basak FCA (166)
Shahe Alam Chowdhury FCA (198)
Md. Mukhlisur Rahman Khan FCA (214)
Md. Raquibul Hussain FCA (241)
Pear Ali FCA (249)
Md. Ataul Hoque FCA(255)
Md. Hashemuzzaman FCA (257)
Md. Siraj Ullah FCA (324)
Sachidananda Sengupta FCA (335)
Akhter Zamil FCA (441)
Kazi Mostafa Alam FCA (448)
Mohd. Amir Ali FCA (508)
Md. Alamgir Hossain FCA (524)
Md. Ashraf Hossain Mondal FCA (537)
Md. Nurul Haque FCA (573)
Md. Kamrul Hassan FCA (579)
Imtiaz Lutful Baset FCA (663)
S M Abdul Hamid FCA (675)
Md. Shah Alam Mridha FCA (733)
Ghulum Murshed Latiful Quader FCA (760)
Aminul Islam FCA (774)
Mohammad Ahsun Ullah FCA (780)
Md. Golam Kibria FCA (796)
M. Abu Bakar FCA (830)
Masud Parvez ACA (835)
Mohammed Jashim Uddin ACA (863)
Md. Eftekhar Ali ACA (910)
EDITORIAL BOARD
Chairman
Members
ABM Azizuddin FCA
Sheikh A. Hafiz FCA
A S M Nayeem FCA
Nasim Anwar FCA
Amanullah Khan FCA (56)
Pear Ali FCA (249)
Md. Zahirul Alam FCA (265)
Ahsan Zamir FCA (269)
Md. Abdur Rashid FCA (474)
M A Baree FCA (482)
Md. Giash Uddin FCA (497)
10
ICAB News Bulletin
Md. Shahjahan Majumder FCA (571)
Kazi Ehsanul Huq FCA (581)
Santanu Saha FCA (651)
Ramendra Nath Basak FCA (671)
Pradip kar Chowdhury FCA(696)
Ahmed Raihan Shamsi FCA (745)
Mohammed Mizanur Rahman FCA (862)
Mohammed Jashim Uddin ACA (863)
Md. Rokonuzzaman ACA (936)
Md. Selim Reza ACA (939)
Md. Yasin Miah ACA (1001)
G.S. Ashiqur Rahman Bhuiyan ACA (1027)
PROFESSIONAL DEVELOPMENT
COMMITTEE
Chairman
Members
Showkat Hossain FCA
ABM Azizuddin FCA
Sheikh A. Hafiz FCA
ASM Nayeem FCA
K M Alam FCA (40)
Md. Abu Taleb Talukder FCA (61)
A S M Ataul Karim FCA (66)
Abul Kashem FCA (74)
M. Idris Ali FCA (95)
Mohammed Akhtar Kamal FCA (102)
ATM Mustafizur Rahman FCA (253)
Ashit Baran Saha FCA (387)
Kanchi Lal Das FCA (403)
AKM Aminul Hoque FCA(407)
Monoranjan Bhakta FCA (475)
B K Bhattacharjee FCA (517)
Md. Habibur Rahman Mollah FCA (563)
S M Atiar Rahman FCA (574)
Md. Abdul Momin Khan Lohani FCA (575)
Md. Kamrul Hassan FCA (579)
AKM Shamsul Alam FCA (584)
Syed Mahmud Ahmad FCA (586)
Md. Habibur Rahman Bhuiyan FCA (589)
January 2009
Md. Mizanur Rahman FCA (592)
Md. Raghib Ahsan FCA (689)
Pradip Kar Chowdhury FCA (696)
Sib Sankar Saha FCA (702)
Md. Akter Hossain Sannamat FCA (729)
Md. Mumlook Hossain FCA (751)
Jitendra Nath FCA (754)
Amal Krishna Das FCA (802)
Md. Abdul Haque Sarder ACA (878)
Abdulla Al Mahmud ACA (915)
Md. Zahurul Islam ACA (916)
Mohammad Mostafizur Rahman ACA (920)
TAXATION & CORPORATE LAWS
COMMITTEE
Chairman
Md. Jainul Abedin FCA
Members
Showkat Hossain FCA
Md. Syful Islam FCA
ABM Azizuddin FCA
Sheikh A. Hafiz FCA
Abdul Hafiz Choudhury FCA (41)
A. K. Chowdhury FCA (52)
Badrul Ahsan FCA (59)
Md. Mushtaque Ahmed FCA (78)
Hiralal Barua FCA (160)
J R Chowdhury FCA (170)
Md. Ashraf Uddin Ahmed FCA (210)
S K Barua FCA (232)
Hedayet Ullah FCA (281)
Mollah Hafizul Haq FCA (336)
Akhter Zamil FCA (441)
Nanda Gopal Chakraborty FCA (514)
Abdul Haque FCA (630)
Abdul Khalek FCA (646)
Sidhartha Barua FCA (699)
Akram Uddin Ahmed FCA (738)
Mumlook Hossain FCA (751)
Md. Akbar Hossain FCA (767)
Mohammad Belayet Hossain FCA (771)
No. 231
S M Muzibur Rahman FCA (799)
Mahmudul Hasan Khusru FCA (820)
Faruk Ahammad FCA (825)
Muhammed Shamim Reza ACA (838)
Aminul Bari ACA (885)
Shatadal Das ACA (914)
PROJECT DEVELOPMENT &
IMPLEMENTATION COMMITTEE
Chairman
Members
M J Abedin FCA
ABM Azizuddin FCA
ASM Nayeem FCA
Parveen Mahmud FCA
Muhammed Akram Hussain FCA (91)
Iftekhar Hossain FCA (150)
Bibhuti Bhusan Saha FCA (200)
M. Azizur Rahman FCA (223)
Enamul Kabir FCA (280)
A K Abdul Matin FCA (559)
Maqbul Ahmed FCA (587)
Md. Tofazzal Islam Talukder FCA (608)
Md. Raghib Ahsan FCA (689)
Md. Zahirul Islam FCA (777)
Md. Shahin Akhter Mithu FCA (791)
Sheikh Mahfuzul Hoque FCA (793)
Mohammad Ali FCA (806)
Mohammad Nesar Uddin FCA (814)
Md. Mahsudur Rahman FCA (815)
Leena Razzaque FCA (821)
Imran Ahmed FCA (827)
Md. Fazlul Haque ACA (933)
SAFA AND INTERNATIONAL
AFFAIRS COMMITTEE
Chairman
Members
Md. Syful Islam FCA
Sheikh A. Hafiz FCA
11
ICAB News Bulletin
Parveen Mahmud FCA
Nasim Anwar FCA
Khairul Alam FCA (182)
Zaker Ahmed FCA (209)
AKM Fazlur Rahman FCA (296)
Mohammad Zahid Hossain FCA (808)
Mizanur Rahman Khan ACA (843)
K M Tarek ACA (853)
Mohammad Sayduzzaman ACA (855)
Mohammed Ashfaqul Hoque ACA (870)
Suranjit Dhar ACA (880)
Mohammed Zahirul Kium ACA (887)
Ahmad Dawood ACA (902)
Mohammed Hamidul Islam ACA (912)
Jagannath Chandra Roy ACA (913)
Md. Abdur Rouf ACA (918)
Shamim Ahmed ACA (922)
Md. Shamsur Rahman ACA (941)
Mohammad Motaleb Hossain ACA (950)
Babul Kumar Saha ACA (962)
Kazi Md. Fazlul Karim ACA (963)
Muhammed Abul Hashem ACA (964)
Mohammad Showket Akber ACA (970)
Mohammad Atikuzzaman ACA (986)
Mohammad Mizanur Rahman ACA (987)
Md. Monzur Alam ACA (993)
Mohd. Rashidul Ahsan FCA (430)
Akhter Matin Chaudhury FCA (534)
Hasan Mahmood FCA (564)
Haider Ahmed Khan FCA (576)
Md. Habibur Rahman Bhuiyan FCA (589)
Md. Humayun Bokhteyar FCA (631)
S M Abdul Hamid FCA (675)
Md. Shamsul Alam Mallick FCA (676)
Hassan Md. Ziaul Hoque Khan FCA (711)
Dipen Kumar Saha Roy FCA (717)
Mohammad Ayaz FCA (734)
Dr. Mohammad Mosharraf Hossain FCA (769)
Obed Pandit FCA (810)
Kazi Md. Mahboob Kasem ACA (845)
Nanda Dulal Saha ACA (895)
Shaheeb Mahfuz ACA (935)
Md. Rokonuzzaman ACA (936)
Mohammed Sabir Ahmed ACA (949)
Shaikh Ashafuzzaman ACA (951)
Binoy Gopal Roy ACA (965)
Meer Sajed-Ul-Basher ACA (966)
Kazi Mustaid Murshed ACA (981)
Khondkar Atique-e-Rabbani FCA (588)
AKM Ziaul Hasan Khan ACA (1041)
COMMITTEE
INFORMATION &
COMMITTEE
Chairman
Parveen Mahmud FCA
Chairman
Members
Showkat Hossain FCA
ASM Nayeem FCA
Parveen Mahmud FCA
A N Altaf Hussain Siddiqui FCA (60)
January 2009
Noor-E-Khoda Abdul Mobin FCA (656)
A K M Kamrul Islam FCA (670)
Swadesh Ranjan Saha FCA (718)
S M Muzibur Rahman FCA (799)
Mostafa Kamal ACA (829)
Mohammed Mizanur Rahman ACA (862)
Shyamal Krishna Roy ACA (877)
Snehasish Barua ACA (894)
Nanda Dulal Saha ACA (895)
Md. Anisuzzaman ACA (896)
Saidur Rahman ACA (899)
Mohammad Abdul Ohab Miah ACA (901)
Shankar Chandra Karmaker ACA (905)
Mustaq Ahammed ACA (924)
Kamruzzaman ACA (968)
Md. Rafiqul Islam ACA (974)
Mohammad Ebadat Hossain Bhuiyan
ACA (1007)
S M Ashequr Rahman ACA (1045)
Md.Abul Khair Hasanul Hasif Sowdagar
ACA (1054)
Santanu Barua ACA(1056)
MEMBERS SERVICES & WELFARE
Mohammad Nur Nobi ACA (1062)
COMMUNICATION TECHNOLOGY
REVIEW COMMITTEE FOR
PUBLISHED ACCOUNTS &
REPORTS
No. 231
Members
Md. Syful Islam FCA
Nasim Anwar FCA
Rashed Uddin Ahmad FCA (288)
Md. Abdur Rashid FCA (474)
Ali Ashfaq FCA (509)
Chairman
Members
Showkat Hossain FCA
Md. Syful Islam FCA
M Farhad Hussain FCA
Nasim Anwar FCA
Mohd. Ishaque Ali Miah FCA (206)
Apurba Kanchan Dasgupta FCA(233)
Pear Ali FCA (249)
Harun-ur-Rashid FCA (312)
Gouranga Proshad Biswas FCA (388)
Peyar Ahmed FCA (546)
S M Atiar Rahman FCA (574)
Mia Fazle Karim FCA (614)
12
ICAB News Bulletin
Md. Abu Sina FCA (619)
Md. Joynal Abedin FCA (622)
Mohammad Abu Kaiser FCA (626)
Moslehuddin Ahmed FCA (636)
Md. Faruk Uddin Ahammed FCA (720)
Md. Akbar Hossain FCA (767)
Md. Asadul Islam FCA (792)
Md. Monir Hossain Khan ACA (795)
H M Rakib Ullah Bashar FCA (803)
Md. Jakir Hossain FCA (812)
Md. Kahir Mahmood ACA (842)
Kazi Md. Fazlul Karim ACA (963)
Ashish Kumar Paul ACA (969)
Mohammad Khairul Alam ACA (972)
Md. Ashraful Haque ACA (976)
Nasrin Akter ACA (979)
Chandra Shekhar Pal Chowdhury ACA (1004)
COMMITEE FOR PROFESSIONAL
DEVELOPMENT FOR WOMEN
Chairman
Md. Syful Islam FCA
Members
Showkat Hossain FCA
ASM Nayeem FCA
Parveen Mahmud FCA
Nasim Anwar FCA
Mian Muhammad Shaheedullah FCA (118)
Pear Ali FCA (249)
Md. Khalilur Rahman Chowdhury FCA (372)
Shah Md. Zakaria Bhuiyan FCA (446)
Kazi Mostafa Alam FCA (448)
M. Zabed Ali Mridha FCA (478)
Akhtar Sanjida Kasem FCA (643)
Yesmin Sabder Ali FCA (649)
M. Ala Uddin Ahmad FCA (730)
Jeenat Jahan Dipty FCA (753)
Syeda Assma Kakoli FCA (813)
Leena Razzaque FCA (821)
Nusrat Jahan ACA (857)
Parul Das ACA (891)
Zenaida Sethna ACA (927)
January 2009
No. 231
Nasrin Akter ACA (979)
Jhuma Laila ACA (980)
Nayma Mehrin ACA (985)
Ratna Dutta ACA (992)
Kishower Amin ACA (1015)
Nazmun Nahar ACA (1031)
Fouzia Haque ACA (1032)
Maria Howlader ACA (1063)
Afrin Akhter ACA (1073)
Suraiya Zerin ACA (1084)
Gopal Chandra Ghosh FCA (716)
Md. Rokonuzzaman FCA (739)
ANM Nurul Wahab FCA (758)
Shaheduzzaman Chowdhury FCA (775)
Nusrat Jahan ACA (857)
COMMITTEE FOR AMENDMENT
OF CA ORDER & BYE-LAWS
Chairman
Shafiq Musharrof ACA (1070)
ADVISORY COMMITTEE
Md. Mufazzal Hussain Chowdhury FCA
Co Chairman
Chairman
A S M Nayeem FCA
Members
Md. Syful Islam FCA
Nasim Anwar FCA
A N Altaf Hussain Siddiqui FCA (60)
Syed Fazlul Haque FCA (63)
Mainuddin Ahmed FCA (80)
Sultan Ahmed FCA (92)
CONTINUING PROFESSIONAL
DEVELOPMENT COMMITTEE
(CPDC)
Chairman
Members
Md. Syful Islam FCA
ASM Nayeem FCA
Parveen Mahmud FCA
Zahir Uddin Ahmed FCA
Members
Mohammad Saifur Rahman FCA
Md. Anowar Hossain Miah FCA
Noor Mohammad Howladar FCA
Md. Jainul Abedin FCA
AKM Mosharraf Hossain FCA
Mohammed Toha FCA
Kamal Ziaul Islam FCA
AKM Rafiqul Islam FCA
Abdul Hafiz Choudhury FCA
ABM Azizuddin FCA
M A Quadir Mollah FCA
M A Halim Gaznavi FCA
Howlader Mahfel Huq FCA
Badrul Ahsan FCA
A N Altaf Hussain Siddiqui FCA
Anil Chandra Nath FCA
Md. Anisur Rahman FCA
A K Chowdhury FCA
M A Baree FCA
A K Gulam Kibria FCA
Sheikh A. Hafiz FCA
ASM Nayeem FCA
President
Ex-officio Member
Vice President (F&A) Ex-officio Member
Vice President (E&T) Ex-officio Member
Vice President (T&R) Ex-officio Member
13
ICAB News Bulletin
No. 231
Result of CA Exam in
November-December 2008
5/5/ICAB-39-In pursuance of bye-law 123 of the Bangladesh Chartered Accountants Bye-laws 2004, the Council of the Institute of
Chartered Accountants of Bangladesh (ICAB) has declared the following results of the Professional I, II & III Examinations of the
Institute held in May-June 2008:
SL #
Regn #
Name of Candidates
6
13976
Dawwan Shakil Ahmed
4180
7
12051
Md Abu Hurayra
4215
8
11604
Arafat Kamal
4228
9
10495
Mohammad Afsar Uddin
4229
10
10690
Md Ashik Khan Razeeb
4234
11
9071
Sultan Moheuddin
4241
12
9136
Md Monjurul Ahmed
4264
13
10953
Mohammad Kabir Hossain
4292
14
13302
Abhijit Kumar Saha
4314
15
4762
Md Ramiz Uddin
4348
16
9089
Taslim Hossain
4351
17
14209
Mohammad Monowar Hossain
4455
18
14069
Md Saiful Islam
4463
19
5402
Mohammed Shahid Ullah
4464
20
5528
Khandoker Raihan Ali
4474
21
10933
Mohammad Moin Uddin Riad
4479
22
11653
Sohadeb Kumer Das
4481
23
12783
Farjana Yeasmin
4506
24
14138
Babla Basu
4510
25
9523
Md Hossain Ali
4511
26
13488
Md Mahfuz Sumon
4516
27
13281
Md Sayem Mia
4538
28
11885
Foyed Ahmed
4540
29
7812
Dilip Kumer Howlader
4547
30
11534
Md Wahid Murad
4548
31
12063
Tanvir Hasan
4570
32
4911
Md Zahidul Islam Khan
4616
33
7525
Mohammed Monowar Hossain
4642
34
4132
Mustafa Sarwar-E-Alam
4652
Roll #
35
13284
Abu Anas Muhammed Rezaullah
4688
Candidates who have passed
Professional Examination – III
SL #
Regn #
Name of Candidates
Roll #
1
4971
Subash Chandra Chowdhury
5013
2
5590
Ashok Kumer Das
5024
3
7900
Md Khalilur Rahman
5025
4
5766
AKM Fazlul Haque
5030
5
3635
Hanif Mahmud
5033
6
5184
Bibhuti Bushan Biswas
5043
7
7451
Chandra Shekhar Das
5053
8
8769
Mohammad Sayed Ahmed
5054
9
4483
Md Anwar Hossain
5060
10
4982
Shekhar Kumar Halder
5065
11
10000
Mohammad Arisur Rahman
5093
12
10987
Farjana Akter Sadi
5097
13
7093
Anjan Mallik
5098
14
13224
Sumon Chakraborty
5101
15
10637
Md Mostafizur Rahman
5108
16
10771
Sujit Kumer Das
5121
17
6801
Sayed Abul Hashem
5133
18
13989
Muhammad Mahbubur Rahman Bhuiyan 5136
19
13988
Abu Sufian
5139
20
14034
Mohammad Moniruzzaman
5155
21
13766
Manik Kumar Sarker
5158
22
13919
Md Jasim Uddin
5159
23
13485
Md Aminul Islam
5172
24
14139
Abdullah-Al-Mamun
5173
Professional Examination – II
Roll #
SL #
Regn #
Name of Candidates
1
11908
Monotosh Chandra Roy
4022
36
13998
Md Shahariar Ahmed
4710
2
14428
Md Kamrul Islam
4072
37
13987
Shahabub Alam Khan
4742
3
14731
Subhash Chandra Das
4120
38
12786
Abul Kashem Muhammad Monirul Haque 4752
4
13999
Mohammad Khaled Mansur
4156
39
14110
Debasish Rakshit
4753
5
14000
Mohammad Nazmul Hossain
4178
40
7050
Mohammad Ahasan Ullah
4765
January 2009
14
ICAB News Bulletin
Professional Examination – I
Roll #
No. 231
SL #
Regn #
Name of Candidates
Roll #
42
12188
Sadida Fazala
512
43
13519
Mohammad Shahadat Hossain
513
44
14050
Md Kamrul Islam
539
45
11573
Mohammad Sahabudden Bhuiyan
545
46
13101
Md Asad
558
SL #
Regn #
Name of Candidates
1
13089
Md Mamun
10
2
14735
Kamal Uddin
35
3
13331
Amzad Hossain Shayed
49
47
14352
Md Arif Hassan
560
4
14430
Mohammed Arif Uddin
58
48
14163
Md Habibur Rahman
563
5
12433
Jannatul Nur
62
49
14706
Ireen Khan Tamanna
570
6
13473
Imrul Kabir Chowdhury
115
50
13878
Syed Muhammad Rahmatul Mujeeb
595
7
9604
Md Golam Maula
137
51
12945
Md Mohibur Rahman
612
8
14740
Mohammad Anisuzzaman
148
52
13513
Muhammad Lutfor Rahman
619
9
12655
Kazi Md Anisur Rahman
184
53
13869
Golam Nizam Uddin Faroq
641
54
11799
Md Murshad Alam
651
55
14001
Md Khan Sabbir Enam
664
56
10133
Bhakta Das Roy
668
57
13755
Sajal Kumar Bala
670
58
12484
Mohammed Hossain
674
59
12866
Muhammad Mostafa Kamal
675
60
12510
Muhammad Abdullah-Al-Bakey
690
61
12825
Md Abi Abdulla
698
62
14447
Parbir Kumar Das
715
63
15000
Md. Abdur Razzaque
719
64
14898
Md. Jahurul Islam
736
65
14472
Uttam Kumar Saha
744
Mohammad Monzurul Ahsan
745
10
7576
Shafat Ahamad Siddique
200
11
14830
Syed Ahmed
204
12
14828
Imtiaz Ahmed
212
13
14411
Shaikh Mamunur Rashid
224
14
14546
Fahim Zafir-E-Zamir
250
15
13056
Parymal Kumer Sarker
264
16
14832
Md. Didarul Alam
274
17
13070
Biplab Hossain
275
18
12565
Md Obaidul Rashed Chowdhury
290
19
14111
Mohammad Monowar Noor
292
20
12824
Rabiul Islam
313
21
15024
Md. Shamsul Alam
322
66
13177
22
14961
Nuruzzaman
326
67
14025
Parol Begum
747
23
14974
Md. Iqbal Hossain
329
68
11239
Mohammad Harun-Or-Roshid
754
24
14834
Mohammad Omar Faruk
336
69
13349
Shahinur Rahman
770
25
14970
Shah Md. Jubaer
337
70
13306
Rashedul Alam
780
26
14972
Khairul Mobasserin
339
71
14600
Md Enamul Hasan
783
27
14629
Mohammed Ariful Hoque
354
72
13984
Kazi Ahmed Sabihuzzaman
787
28
14556
Paritosh Chandra Roy
370
73
13461
Ishtiaq Mohammad Iqbal
792
29
14808
Md. Mijanur Rahman
371
74
13705
Mostaque Ahmmed Sarwar
799
30
11638
Mohammad Rasel Ahammad
377
75
14733
Kazi Nazmul Hossain
803
31
10216
Badar Ali
398
76
9957
Mohammad Azizul Islam Rana
808
32
12374
Md Jamal Uddin
401
77
12751
Md Feroz Iftekher
810
33
14695
Pijush Kumar Chakroborty
402
78
14802
Manik Majumder
818
34
14529
Sabina Yesmin
411
79
12145
Md Mazedul Islam
838
35
12376
Ananda Mohon Ghosh
428
80
14973
Md. Mamunur Rashid
843
36
13844
Kaiser Md. Al Masud
446
81
12524
Md Abu Sufian Chowdhury
865
37
13814
Md Faizus Salehin
457
82
4722
Md Naim Akhter Khondakar
883
38
13575
Md Salim Reza
486
83
12676
Md Zinnat Ali
884
39
13398
Abdul Kaddus
498
84
7520
Md Mahfuzul Arif
900
40
14393
Md Shahin Miah
503
85
14118
Mohammad Enayet Kabir
903
508
86
14367
Readud Sajjad
914
41
12537
January 2009
Md Sharif Hossain
15
ICAB News Bulletin
SL #
Regn #
Name of Candidates
87
9664
Md Salim Al-Azad
88
14156
89
Roll #
No. 231
SL #
Regn #
Name of Candidates
Roll #
915
130
12652
Mohammad Mamunul Islam
1350
Md Anisur Rahman Khan
919
131
14081
Lutfun Nahar
1362
10507
H M Nuruzzaman Miah
923
132
14215
Aisha Siddiqua
1363
90
14905
Md. Akteruzzaman Khan
925
133
14360
Monojit Kumar Ghosh
1368
91
14829
Md. Abu Kawsar
929
134
11787
Mahmood Hasan Faruq
1401
92
14314
Jahangir Alam
933
135
13712
Md. Takibur Rahman
1403
93
4240
Syed Mohammed Shahjaman Rashid
936
136
14543
Sk. Aminul Islam
1406
94
13509
A.S Md. Manjur
942
137
12251
Thuhidul Islam
1416
95
13015
Mohammad Manik Sorker
945
138
10612
Mohammad Khairul Bashar
1424
96
13276
Masudur Rahman
946
139
14835
Md. Atiar Rahman
1425
97
14891
Nazrul Islam
953
140
14890
Md. Lutfar Rahman
1428
98
13643
954
141
14971
Md. Harun Or Rashid
1438
99
13689
S M A Salim
967
142
14975
Md. Mahbub Hasan
1439
100
14100
Muhammad Abdur Rahim
969
143
13666
Oishee Labina Hussain
1440
101
14045
Bijoy Kumer Mondal
970
144
14978
Farhana Mahejabin
1454
102
14561
Md. Zarzis Hossain
972
145
14962
Mohammed Salah Uddin
1465
103
14147
Rehana Afroze
974
146
14976
Md. Mamunur Rashid
1476
104
14990
Rupan Chandra Saha
982
147
12807
Joly Rozario
1484
105
13410
Pinu Rani Saha
984
148
14959
Raihan Uddin Ahammad
1491
106
14167
Md Sirajul Haque
1003
149
14051
Shah Alam
1540
107
13535
Md Nizamuddin
1004
150
11877
Shubhra Roy
1545
108
7177
Mohammad Nurul Islam
1012
151
11836
Raju Ahammed
1547
109
10585
Md Motasin Billah
1033
152
14960
Md. Kishlur Rahman
1565
110
13707
Masuda Sultana
1035
153
13476
Md Sakibul Hasan Sajib
1566
111
10069
H M Saroyar
1065
112
12244
Gazi Nazmul Karim
1085
154
14200
Rashel Mahmud
1568
113
11452
Md Abdur Rouf
1087
155
13014
Fakir Muhammad Zahidul Akbar
1573
114
14527
Md Omar Faruque
1096
156
14310
James Tutul Mondal
1592
157
14628
Md Abdus Sabur
1648
158
10135
Abdul Mannan
1660
159
11709
Md Omar Faruk
1709
160
13578
Muhammad Mahbub Alam
1715
161
10231
Rojina Rois
1722
162
12250
Obaidullah
1768
163
12810
Liton Kumar Bhadra
1809
164
5320
Md Mizanur Rahman
1868
165
9360
Mohammad Sharif Al Mahmood
1871
115
14407
Razaul Karim
1107
116
14493
Mantu Ranjan Paul
1110
117
11055
Md Suman
1116
118
14192
Md Mehedi Hasan Tito
1118
119
13402
Asma Akter
1136
120
14996
Billal Hossain
1174
121
14374
Md Alamgir Hossain
1183
122
11775
Md Tarequl Kabir
1207
123
13538
Md Shamsul Alam
1215
124
14817
Md. Sabbir Ibney Mizan
1217
166
5880
Sarwar Ahmed
1895
125
11453
Mohammad Monirul Islam
1235
167
4445
Md Hussain Ibne Masud
1898
126
14545
Md Imteaz Parvez
1260
168
8633
Md Abu Yousuf Rasel
1901
127
14473
Achiy Akter
1277
169
9232
Md Shofiul Anam
1912
128
13820
Fouz Ilahi
1287
170
9068
S M Aslam
1933
129
13627
Md Selim Talukdar
1322
171
4657
Muhammad Ashraful Hossain
1934
January 2009
16
ICAB News Bulletin
No. 231
24 Chartered Accountants Qualified in
November-December 2008 Exam
Subash Chandra Chowdhury
Ashok Kumer Das
Md Khalilur Rahman
Hanif Mahmud
Bibhuti Bushan Biswas
Chandra Shekhar Das
Md Anwar Hossain
Shekhar Kumar Halder
January 2009
Mohammad Arisur Rahman
AKM Fazlul Haque
Mohammad Sayed Ahmed
Farjana Akter Sadi
17
ICAB News Bulletin
No. 231
24 Chartered Accountants Qualified in
November-December 2008 Exam
Anjan Mallik
Sayed Abul Hashem
Manik Kumar Sarker
January 2009
Sumon Chakraborty
Muhammad Mahbubur Rahman Bhuiyan
Md Jasim Uddin
Md Mostafizur Rahman
Abu Sufian
Md Aminul Islam
Sujit Kumer Das
Abdullah-Al-Mamun
18
ICAB News Bulletin
No. 231
ICAB Provides Counseling to Promote CA Education
Dhaka University students crowd in front of ICAB stall to know details about
Chartered Accountancy education.
Members from ICAB and ICMAB are in front of ICAB
counseling stall at Dhaka University.
he Department of Accounting and
Students Counseling Centre on C A
Institute which drew strong attention of the
Information Systems Alumni
Education programme to apprise the
students.
Association of the University of
students about the importance and benefits
The students raised various questions on
T
Dhaka organized
Students Counseling
of the Chartered Accountancy Course
Programme on 23 and 24 January 2009 at
being offered and conducted by the ICAB
the premises of Teachers-Students Centre
in the context of an emerging economy like
and Senate Bhaban, University of Dhaka.
Bangladesh. A Booklet named Guide for
Islam FCA, VP, Mr. N I Chowdhury FCA,
On the occasion a stall was allotted to the
the Students Interested to Study Chartered
Secretary and a group of ICAB staff
ICAB and the Institute organized a
Accountancy was published by the
participated in the students’ counseling.
the C A education. Mr. Nasir Uddin
Ahmed FCA, President, Mr. Md. Syful
Chartered Accountancy Chhatra Parishad of ICAB made a courtesy call with Mr Nasir Uddin Ahmed FCA, President-ICAB 2009 at later's office on 17th January 2009
to congratulate New President. They assured the New President of their all kinds of cooperation.
January 2009
19
ICAB News Bulletin
No. 231
Mr Nasir Uddin Ahmed FCA, President-ICAB inaugurated the new office of Syful Shamsul Alam & Co., Chartered Accountants which was shifted to Purana Paltan on 17
January 2009. Past Presidents, VPs, Secretary-and Members of the Institute were present on the occasion, which was followed by a Milad Mahfil.
Permission to Start Practice
The following member has been granted
permission to Start Practice as Public
Accountant as partner with effect from the date
as shown against his name:
Name
A Namaz-e-Janaza of late Md Yunus FCA, Council Member-ICAB, Past President, SAFA & ICAB was held at the
ICAB premises on 1st January 2009. Mr Nasir Uddin Ahmed FCA, President-ICAB, Past Presidents, Council
Members, Members, Secretary and Employees of ICAB were present at Janaza.
Effective Date
Mr AKM Mohitul Haq FCA (84) 01.01.2009
Partner
Ahmed Zaker & Co.,
Chartered Accountants
40 Shaheed Syed Nazrul Islam Sarani
Bijoynagar, Kakrail (10th floor)
Dhaka-1000
Permission to Train Articled Students
The following member has been granted
permission to train Articled Student with effect
from the date as shown against his name:
Name
Effective Date
Following the death of Mr Md Yunus FCA, Council Member-ICAB, Past President, SAFA & ICAB a Milad Mahfil
was organised by ICAB on 11 January 2009 at ICAB Auditorium. Members recognised the activities of late Md
Yunus with deep respect. Besides they prayed for all departed souls of the Members died in 2008.
Mr Ajit Kumar Biswas FCA (138)
Partner
Bokhteyar Humayun & Co.
Chartered Accountants
4 Shajan Tower-1 (1st Floor)
Segunbagicha
Dhaka-1000
31.12.08
Published by the Editorial Board of the Council, The Institute of Chartered Accountants of Bangladesh (ICAB)
100 Kazi Nazrul Islam Avenue, Dhaka 1215; Tel. 9117521, 9112672, 9115340 , 9137847 Fax: 880-02-8119399 E-mail: [email protected] Website: www.icab-bd.org
Chittagong: HBFC Building (3rd Floor), 1/D, Agrabad Com. Area, Chittagong, Bangladesh Tel: 880-31-724674 Fax: 880-31-813579 E-mail: [email protected]
UK Chapter: Suite One, 2 Haydons Road, London SW19 1HL, United Kingdom Tel: 44-020 8544 1234 Fax: 44-020-8544 1400 E-mail:[email protected]
North American Chapter: 5 Massey Square, Suite-2519, Toronto, Ontario M4C 5L6, Canada Tel: 416-686 6760 Fax: 416-916 1091 E-mail: [email protected]
January 2009
20

January 2009, No.231

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