number 326 icab gets new president vice presidents t the kds group as group cfo. before joining the...

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Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh ICAB ICAB NEWS BULLETIN December 2016 Number 326 ISSN 1993-5366 01 02 02 02 03 03 03 04 04 05 05 06 09 11 11 11 11 11 11 12 12 12 13 ICAB Gets New President Vice Presidents he Institute of Chartered Accountants of Bangladesh (ICAB) Council has elected Adeeb Hossain Khan FCA as President and Moddassar Ahmed Siddique FCA, Mostafa Kamal FCA and Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017. The new office bearers of ICAB were elected by the council–ICAB shortly before holding 44th Annual General Meeting chaired by outgoing ICAB President Kamrul Abedin FCA at ICAB auditorium on Saturday, 24 December 2016. Adeeb Hossain Khan FCA is the Senior Partner of Rahman Rahman Huq, Chartered Accountants (Member Firm of KPMG International). He is a member of the governing body of BRAC and has been member of MCCI Board from 2010 to 2016. He became a Member of ICAB in 1992 and is also a Fellow Member of the Institute of Chartered Accountants in England and Wales (ICAEW), UK. His past directorships in companies include Biman Bangladesh Airlines Ltd. Currently, he is the Chairman of Committee for Professional Ethics and Independence of South Asia Federation of Accountants (SAFA), a regional accounting forum. Moddassar Ahmed Siddique FCA, became an Associate Member in 1997 and Fellow Member in 2002 of ICAB. Currently Mr. Siddique is serving in the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit Cement Ltd. as General Manager (Finance & Accounts) & Company Secretary. He attended many seminars & workshops at home & Abroad. He is an active member of AOTS- Japan. Mr. Siddique has been member in different standing and non-standing Committees of the Council-ICAB since many years. He was the Honorary Secretary and Chairman of the Chittagong Regional Committee (CRC)-ICAB in 2007 and 2009 respectively. Mostafa Kamal FCA, Senior Vice President, LankaBangla is working as the Group Company Secretary of LankaBangla Finance Limited and its subsidiaries. He also worked in the company as Head of HR and Administration. Mr. Kamal completed his B.Com. (Hons.) and M.Com. in Accounting from University of Dhaka. He also served Rahman Rahman Huq, Chartered Accountants, (Member Firm of KPMG International) as Manager, Audit and Advisory Services from September 2003 to June 2006. Mr. Kamal held the position of the Chairman of Dhaka Regional Committee ICAB for the year 2010-2011. He is the Executive Director and a member of Policy Advisory Committee of Bashundhara Eye Hospital and Research T ICAB Gets New President Vice Presidents Award Giving Ceremony 2016 for...Employees Mohammad Zahid Hossain Attends TV Program Courtesy call on Senior Secretary... Commerce ICAB DRC Honour Freedom Fighters ICAB-IFRS Quiz and Elocution Contest 2016 DRC-ICAB Gets New Chairman, Secretary Anwaruddin Chowdhury Participates...South Africa ICAB Members’ Night 2016 ICPE News ICAB Participated in Bangladesh... Expo 2016 President’s Communica- tion December 2016 Campus News Courtesy call on Planning Minister, GoB BRAC University Team visit ICAB Admission as Fellows New Branch Permission to Join as Partner Change of office Address Meeting with the President, CMA Sri Lanka CRC-ICAB Elects Chairman and Secretary for 2017 Accountancy Age Reports ¯^‡`k Adeeb Hossain Khan FCA President Md. Mahamud Hosain FCA Vice President Mostafa Kamal FCA Vice President Moddassar Ahmed Siddique FCA Vice President Real success is finding your lifework in the work that you love. - David McCullough

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Page 1: Number 326 ICAB Gets New President Vice Presidents T the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit

Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh

ICABICAB NEWS BULLETINDecember 2016

Number 326

ISSN 1993-5366

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ICAB Gets New PresidentVice Presidents

he Institute of Chartered Accountants of Bangladesh (ICAB) Council has elected Adeeb Hossain Khan FCA as President

and Moddassar Ahmed Siddique FCA, Mostafa Kamal FCA and Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017.

The new office bearers of ICAB were elected by the council–ICAB shortly before holding 44th Annual General Meeting chaired by outgoing ICAB President Kamrul Abedin FCA at ICAB auditorium on Saturday, 24 December 2016.

Adeeb Hossain Khan FCA is the Senior Partner of Rahman Rahman Huq, Chartered Accountants (Member Firm of KPMG International). He is a member of the governing body of BRAC and has been member of MCCI Board from 2010 to 2016. He

became a Member of ICAB in 1992 and is also a Fellow Member of the Institute of Chartered Accountants in England and Wales (ICAEW), UK. His past directorships in companies include Biman Bangladesh Airlines Ltd.

Currently, he is the Chairman of Committee for Professional Ethics and Independence of South Asia Federation of Accountants (SAFA), a regional accounting forum.

Moddassar Ahmed Siddique FCA, became an Associate Member in 1997 and Fellow Member in 2002 of ICAB. Currently Mr. Siddique is serving in

the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit Cement Ltd. as General Manager (Finance & Accounts) & Company Secretary. He attended many seminars & workshops at home & Abroad. He is an active member of AOTS- Japan.

Mr. Siddique has been member in different standing and non-standing Committees of the Council-ICAB since many years. He was the Honorary Secretary and Chairman of the Chittagong Regional Committee (CRC)-ICAB in 2007 and 2009 respectively.

Mostafa Kamal FCA, Senior Vice President, LankaBangla is working as the Group Company Secretary of LankaBangla Finance Limited and its subsidiaries. He also worked in the company as Head of HR and Administration. Mr. Kamal completed his B.Com. (Hons.) and M.Com. in Accounting from University of Dhaka. He also served Rahman Rahman Huq, Chartered Accountants, (Member Firm of KPMG International) as Manager, Audit and Advisory Services from September 2003 to June 2006. Mr. Kamal held the position of the Chairman of Dhaka Regional Committee ICAB for the year 2010-2011. He is the Executive Director and a member of Policy Advisory Committee of Bashundhara Eye Hospital and Research

TICAB Gets New President Vice Presidents

Award Giving Ceremony 2016 for...Employees

Mohammad Zahid Hossain Attends TV Program

Courtesy call on Senior Secretary... Commerce

ICAB DRC Honour Freedom Fighters

ICAB-IFRS Quiz and Elocution Contest 2016

DRC-ICAB Gets New Chairman, Secretary

Anwaruddin Chowdhury Participates...South Africa

ICAB Members’ Night 2016

ICPE News

ICAB Participated in Bangladesh... Expo 2016

President’s Communica-tion December 2016

Campus News

Courtesy call on Planning Minister, GoB

BRAC University Team visit ICAB

Admission as Fellows

New Branch

Permission to Join as Partner

Change of office Address

Meeting with the President, CMA Sri Lanka

CRC-ICAB Elects Chairman and Secretary for 2017

Accountancy Age Reports

¯^‡`k

Institute, a non-profit and most modern Eye Hospital in Bangladesh.

Md. Mahamud Hosain FCA is an experienced financial management consultant and also involved in public practice under the name of MMH & Co. Chartered Accountants and Management Consultants. He holds very successful records of serving in senior management position in different

MNC’s in telecom, logistics, engineering sectors and in developing agency for 13 years.

He is also chairman and member of board of directors of Link In Limited, Total Logistics Limited and OES Limited. Furthermore he is associated with the World Bank Group, Dhaka Office as financial management consultant (STC).

Mr. Mahamud is actively involved in social services. A Rotarian, Life member of Banani Society, Gulshan North Club and Gulshan Health Club, holds keen interest in corporate financial reporting and has conducted number of training programs, CA members’ conference and workshops for corporate executives and participants from regulatory bodies and public universities.

Adeeb Hossain Khan FCAPresident

Md. Mahamud Hosain FCA

Vice President

Mostafa Kamal FCAVice President

Moddassar Ahmed Siddique FCAVice President

Real success is finding your lifework in the work that you love.- David McCullough

Page 2: Number 326 ICAB Gets New President Vice Presidents T the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit

2

December 2016 No. 326

Mohammad Zahid Hossain FCA, Member, Board of Directors of BAPEX attended as discussant in a Live TV Program titled “Bebshapatir Sharadin” of Independent TV which was aired on 21 December 2016.

he Institute of Chartered Accountants of Bangladesh (ICAB) Council has elected Adeeb Hossain Khan FCA as President

and Moddassar Ahmed Siddique FCA, Mostafa Kamal FCA and Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017.

The new office bearers of ICAB were elected by the council–ICAB shortly before holding 44th Annual General Meeting chaired by outgoing ICAB President Kamrul Abedin FCA at ICAB auditorium on Saturday, 24 December 2016.

Adeeb Hossain Khan FCA is the Senior Partner of Rahman Rahman Huq, Chartered Accountants (Member Firm of KPMG International). He is a member of the governing body of BRAC and has been member of MCCI Board from 2010 to 2016. He

became a Member of ICAB in 1992 and is also a Fellow Member of the Institute of Chartered Accountants in England and Wales (ICAEW), UK. His past directorships in companies include Biman Bangladesh Airlines Ltd.

Currently, he is the Chairman of Committee for Professional Ethics and Independence of South Asia Federation of Accountants (SAFA), a regional accounting forum.

Moddassar Ahmed Siddique FCA, became an Associate Member in 1997 and Fellow Member in 2002 of ICAB. Currently Mr. Siddique is serving in

the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit Cement Ltd. as General Manager (Finance & Accounts) & Company Secretary. He attended many seminars & workshops at home & Abroad. He is an active member of AOTS- Japan.

Mr. Siddique has been member in different standing and non-standing Committees of the Council-ICAB since many years. He was the Honorary Secretary and Chairman of the Chittagong Regional Committee (CRC)-ICAB in 2007 and 2009 respectively.

Mostafa Kamal FCA, Senior Vice President, LankaBangla is working as the Group Company Secretary of LankaBangla Finance Limited and its subsidiaries. He also worked in the company as Head of HR and Administration. Mr. Kamal completed his B.Com. (Hons.) and M.Com. in Accounting from University of Dhaka. He also served Rahman Rahman Huq, Chartered Accountants, (Member Firm of KPMG International) as Manager, Audit and Advisory Services from September 2003 to June 2006. Mr. Kamal held the position of the Chairman of Dhaka Regional Committee ICAB for the year 2010-2011. He is the Executive Director and a member of Policy Advisory Committee of Bashundhara Eye Hospital and Research

Award Giving Ceremony 2016 for Brilliant Children of ICAB Members & Employees

o encourage the brilliant children of the members and employees in studying, the Institute has

organized an award giving ceremony in a gorgeous manner under Members Services and Welfare Committee (MSWC) of the Council ICAB on 10 December 2016.

A total of 35 children of ICAB Members and Employees have fulfilled the criteria of award for the year 2016.

Professor Abdullah Abu Sayeed, Founder Chairman, Bishwo Shahitto Kendro graced the occasion as the Chief Guest and Anisul Hoque,

Associate Editor, Prothom Alo was present as the Special Guest. The event ended amidst great festivity and the

children were inspired by the glittering event.

T

Institute, a non-profit and most modern Eye Hospital in Bangladesh.

Md. Mahamud Hosain FCA is an experienced financial management consultant and also involved in public practice under the name of MMH & Co. Chartered Accountants and Management Consultants. He holds very successful records of serving in senior management position in different

MNC’s in telecom, logistics, engineering sectors and in developing agency for 13 years.

He is also chairman and member of board of directors of Link In Limited, Total Logistics Limited and OES Limited. Furthermore he is associated with the World Bank Group, Dhaka Office as financial management consultant (STC).

Mr. Mahamud is actively involved in social services. A Rotarian, Life member of Banani Society, Gulshan North Club and Gulshan Health Club, holds keen interest in corporate financial reporting and has conducted number of training programs, CA members’ conference and workshops for corporate executives and participants from regulatory bodies and public universities.

Courtesy call on Senior Secretary, Ministry of

Commerce, GoBICAB delegation led by ICAB President Kamrul Abedin FCA paid a courtesy call on Hedayetullah Al Mamoon, ndc, Senior Secretary of the Ministry of Commerce, GoB at Bangladesh Secretariat on 11 December 2016. The other members of the delegation were Vice Presidents Adeeb Hossain FCA, Mahmudul Hasan Khusru FCA, Council Members Dewan Nurul Islam FCA, Mostafa Kamal FCA, Md. Mahamud Hosain FCA, Fellow Member and Lead Financial Management Specialist, The World Bank Ms. Suraiya Zannath Khan FCA. The ICAB delegates discussed about some important professional matters including CA order (Presidential Order No-2).

Mohammad Zahid Hossain Attends TV Program

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December 2016No. 326

ICAB-IFRS Quiz and Elocution Contest 2016

Muhammad Aminul Hoque FCA and Abdul Mannan FCA have been elected Chairman and Secretary respectively of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2017.

They were elected at its 37th Annual General Meeting (AGM) held on 17 December 2016 at ICAB Auditorium. The meeting approved and adopted financial statements of DRC for the year 2015-16.

Muhammad Aminul Hoque is a partner of ACNABIN, Chartered Accountants and Abdul Mannan is the CFO, Prime Finance Capital Management Ltd.

The final round of “ICAB-IFRS Quiz and Elocution Contest-2016” was held on 30 December 2016 at ICAB Auditorium. The programme was organized by ICAB in Co-ordination with DRC-ICAB. Sami Mymoon Akash was the Champion whereas Aurpa Saha and Wasik Abdullah Momit secured 1st Runner-up and 2nd Runner-up position respectively. ICAB President Kamrul Abedin FCA, Vice President Mahmudul Hasan Khusru FCA, Council Member Md. Mahamud Hosain FCA, DRC-ICAB Chairman Md. Al-Amin Siddiki FCA and Secretary Md. Sarwar Hossen FCA were also present in the programme.

our Chartered Accountants who are also Freedom Fighters were accorded houour with crest by the

ICAB Dhaka Regional Committee (DRC) on Friday, 16 December 2016 at a prgramme ‘ Discussion on Liberation War and Honor to the Freedom Fighters’ at CA Bhaban.

AK Chowdhury FCA, former finance adviser to the Mujibnagar Government and Managing Partner of Hoda Vasi Chowdhury & Co, ABM Hossain Ahmed FCA, partner of Shafique Mizan Rahman Augustine, Chartered Accountants, Abdur Razzaque Mollah FCA, Proprietor of Razzaque & Co, and Haider Ahmed Khan FCA, Proprietor of Ahmed Khan & Co, received the honour for their valiant role in the liberation war in 1971.

AK Chowdhury FCA was the chief guest while the ceremony was

attended among others by ICAB Vice President Mahmudul Hasan Khusru FCA, Council Member Dewan Nurul Islam FCA, DRC Chairman Md. Al Amin Siddiki FCA, DRC Members Muhammad Aminul Hoque FCA, Md. Selim Reza FCA and Ajit Kumar Paul FCA. The members present observed one minute silence to show respect to

the martyrs of the liberation war. The Speakers recalled the memories during the war and urged to build the country according to the dream of thousands of freedom fighters who sacrificed their lives for the fredom of the country.

FICAB DRC Honour Freedom Fighters

he Institute of Chartered Accountants of Bangladesh (ICAB) Council has elected Adeeb Hossain Khan FCA as President

and Moddassar Ahmed Siddique FCA, Mostafa Kamal FCA and Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017.

The new office bearers of ICAB were elected by the council–ICAB shortly before holding 44th Annual General Meeting chaired by outgoing ICAB President Kamrul Abedin FCA at ICAB auditorium on Saturday, 24 December 2016.

Adeeb Hossain Khan FCA is the Senior Partner of Rahman Rahman Huq, Chartered Accountants (Member Firm of KPMG International). He is a member of the governing body of BRAC and has been member of MCCI Board from 2010 to 2016. He

became a Member of ICAB in 1992 and is also a Fellow Member of the Institute of Chartered Accountants in England and Wales (ICAEW), UK. His past directorships in companies include Biman Bangladesh Airlines Ltd.

Currently, he is the Chairman of Committee for Professional Ethics and Independence of South Asia Federation of Accountants (SAFA), a regional accounting forum.

Moddassar Ahmed Siddique FCA, became an Associate Member in 1997 and Fellow Member in 2002 of ICAB. Currently Mr. Siddique is serving in

the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit Cement Ltd. as General Manager (Finance & Accounts) & Company Secretary. He attended many seminars & workshops at home & Abroad. He is an active member of AOTS- Japan.

Mr. Siddique has been member in different standing and non-standing Committees of the Council-ICAB since many years. He was the Honorary Secretary and Chairman of the Chittagong Regional Committee (CRC)-ICAB in 2007 and 2009 respectively.

Mostafa Kamal FCA, Senior Vice President, LankaBangla is working as the Group Company Secretary of LankaBangla Finance Limited and its subsidiaries. He also worked in the company as Head of HR and Administration. Mr. Kamal completed his B.Com. (Hons.) and M.Com. in Accounting from University of Dhaka. He also served Rahman Rahman Huq, Chartered Accountants, (Member Firm of KPMG International) as Manager, Audit and Advisory Services from September 2003 to June 2006. Mr. Kamal held the position of the Chairman of Dhaka Regional Committee ICAB for the year 2010-2011. He is the Executive Director and a member of Policy Advisory Committee of Bashundhara Eye Hospital and Research

Institute, a non-profit and most modern Eye Hospital in Bangladesh.

Md. Mahamud Hosain FCA is an experienced financial management consultant and also involved in public practice under the name of MMH & Co. Chartered Accountants and Management Consultants. He holds very successful records of serving in senior management position in different

MNC’s in telecom, logistics, engineering sectors and in developing agency for 13 years.

He is also chairman and member of board of directors of Link In Limited, Total Logistics Limited and OES Limited. Furthermore he is associated with the World Bank Group, Dhaka Office as financial management consultant (STC).

Mr. Mahamud is actively involved in social services. A Rotarian, Life member of Banani Society, Gulshan North Club and Gulshan Health Club, holds keen interest in corporate financial reporting and has conducted number of training programs, CA members’ conference and workshops for corporate executives and participants from regulatory bodies and public universities.

Muhammad Aminul Hoque FCAChairman

Abdul Mannan FCASecretary

DRC-ICAB Gets New Chairman, Secretary

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December 2016 No. 326

nwaruddin Chowdhury, Member Council and PP-ICAB, Director CAPA Board and Member IPSASB CAG, participated in the IPSAB Consultative Advisory Group (CAG) meeting

held on 5 December and observed the IPSASB meeting held on 6 December 2016 in the Council Chamber (City Hall), Stellenbosch, Cape Town, South Africa. The CAG provides consultation and advice to the IPSASB on the content, wording and finalization of the IPSAS pronouncements.

A

Anwaruddin Chowdhury Participates in IPSASB CAG

and IPSASB Meetings in South Africa

ICAB President, President elect 2017, Vice Presidents, Vice Presidents elect 2017, Council Members, Past Presidents, Members and their spouses took part in Members’ Night 2016 programme at

Bangabandhu International Conference Center (BICC) on 26 December 2016. This year the Night was adorned with colorful banners, festoons, colorful lights with gorgeous stage performance by a

number of celebrities and enthusiastic ICAB members. The Members & spouses and relatives enjoyed the Night with them cheerful presence. The Programme was followed by a sumptuous Dinner.

ICAB Members’ Night 2016

“Anwaruddin Chowdhury, Member Council and PP ICAB, and Member IPSASB Consultative Advisory Group (CAG) seen standing next to the Chair of the CAG together with other CAG members”, at the Stellenbosch, SA, in December 2016.

Page 5: Number 326 ICAB Gets New President Vice Presidents T the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit

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December 2016No. 326

Bangladesh Capital Market Expo 2016 was held from 1 to 3 December 2016 at the Institute of Institution of Engineers, Bangladesh (IEB). It was organised by the Arthosuchak, and ICAB was the Co- partner of the events. ICAB Vice

President Mahmudul Hasan Khusru FCA and Past President and Council Member Md. Humayun Kabir FCA took part in 2nd day the programme of the Expo. They spoke about the contribution of Capital Market in the economy,

present trend and the awareness of the people. ICAB setup an outlet at the Expo showcasing the importance of CA profession and its future prospect through displaying books, manuals, handbooks and a TV documentary.

ICAB Participated in Bangladesh Capital Market Expo 2016

Training on “International Financial Reporting Standards (IFRS)”ICAB Centre for Professional Excellence (ICPE) has organized Advanced Level of Training Programme on " International Financial Reporting Standards (IFRS)" from 19 November 2016 to 31 December 2016 at ICPE training room. A total number of 40 participants participated in the programme.

In the concluding session on 31 December 2016 Dr. Swapan Kumar Bala, Commissioner, Bangladesh Securities and Exchange Commission was present as the Chief Guest while ICAB President. Kamrul Abedin FCA, Vice President (E & T) Mahmudul Hasan Khusru FCA, Council Member Mostofa Kamal FCA were present. Snehasish Barua FCA was the Resource Person.

Workshop on “Practical Aspects of IFRS 9: Financial Instruments”ICAB Centre for Professional Excellence (ICPE) has organized a workshop on "

Practical Aspects of IFRS 9: Financial Instruments" on 27 December 2016 at ICPE training room. A total number of 40 participants took part in the workshop.

ICAB Vice President (E & T) Mahmudul Hasan Khusru FCA, Members Council Mostofa Kamal FCA and Gopal Chandra Ghosh FCA were present in the Concluding Session. Abu HM Kibria CA (Australia), ACA (England & Wales) was

the Resource Person in the closing ceremony.

ICPE News

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December 2016 No. 326

Assalamu Alaikum and greetings to you all,

How fast time flies! It had just finished before I began. We probably could do many things in our lives if we would get time. This is talk for another day. However, coming back to my last month's communication, I feel that my attachment to the Institute of Chartered Accountant and the profession will remain as it is.

I would like to begin the write up by expressing gratitude to the Council for bestowing their confidence on me to lead the Institute during the year 2016. Like my previous predecessors, I passed a vibrant time full of challenges. However, with your support, I could successfully complete my journey.

December is the month of Victory, the 16th of December is a red letter day in our national history. This victory was a victory of right against wrong. This day reminds us of the supreme sacrifice that the sons/daughters of this soil made. We all salute again and again their heroism!

Having said so, I would like to highlight the monthly activities which go as follows:

ICAB President and Vice Presidents elect: I am indeed happy to see that the Council-ICAB elected Mr. Adeeb Hossain Khan FCA as President and Mr. Moddassar Ahmed Siddique FCA, Mr.

Mostafa Kamal FCA and Mr. Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017.

I congratulated the new office bearers and hope that they would lead our beloved Institute to a new height of excellence through their leadership and dynamism in the activities.

Award Giving Ceremony 2016 for Brilliant Children of ICAB Members & Employees: To encourage the brilliant children of the members and employees in study, ICAB was in last month organized award giving ceremony in a gorgeous manner under the folder of the Members Services and Welfare Committee (MSWC) of the Council ICAB on 10 December 2016. Children of ICAB Members and Employees were awarded this year.

Professor Abdullah Abu Sayeed, Founder Chairman, Bishwo ShahittoKendro graced the occasion as the Chief Guest and Mr. Anisul Hoque, Associate Editor, Prothom Alo was present as the Special guest who truly inspired the young minds.

ICAB DRC Honor Freedom Fighters: Our Chartered Accountants who are also Freedom Fighters were accorded houour with crest by the ICAB Dhaka Regional Committee (DRC) on Friday, 16 December 2016 at a prgramme ‘

President’sCommunicationDecember 2016

Discussion on Liberation War and Honor to the Freedom Fighters’ at CA Bhaban.

Mr. AK Chowdhury FCA, former finance adviser to the Mujibnagar Government and Managing Partner of HodaVasi Chowdhury & Co, Mr. ABM Hossain Ahmed FCA, partner of Shafique Mizan Rahman Augustine, Chartered Accountants, Mr. Abdur Razzaque Mollah FCA, Proprietor of Razzaque& Co, and Haider Ahmed Khan FCA, Proprietor of Ahmed Khan & Co, received the honour for their valiant role in the liberation war in 1971. I must say this is first of its kind and this is the least we can do to these patriotic souls.

ICAB-IFRS Quiz and Elocution Contest 2016: The final round of “ICAB-IFRS Quiz and Elocution Contest-2016” was held on 30 December 2016 at ICAB Auditorium. The programme was organized by ICAB in Co-ordination with DRC-ICAB. I along with Vice President Mahmudul Hasan Khusru FCA, Council Member Md. Mahamud Hosain FCA, DRC-ICAB Chairman Md. Al-Amin Siddiki FCA and Secretary Md. Sarwar Hossen FCA were present in the programme. This is also a unique programme and the participants thoroughly enjoyed.

DRC-ICAB Chairman and Secretary elect: Mr. Muhammad Aminul Hoque FCA and Mr. Abdul Mannan FCA have been elected Chairman and Honorary Secretary respectively of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2017.

They were elected at its 37th Annual General Meeting (AGM) held on 17 December 2016 at ICAB Auditorium in the city. Congratulations to the DRC new office bearers.

IPSASB CAG and IPSASB Meetings in South Africa: Mr. Anwaruddin Chowdhury, Member Council and Past President ICAB, Director CAPA Board and Member IPSASB CAG, participated in the IPSAB Consultative Advisory Group (CAG) meeting held on 5 December.

ICAB Members’ Night 2016: I, President elect 2017, Vice Presidents, Vice Presidents elect 2017, Council Members, Past Presidents, Members and their spouses partied at Members’ Night 2016 programme at Bangabandhu International Conference Center (BICC) on 26 December 2016. This year the Night was adorned with colorful banners, festoons, colorful lights with stage performance by a number of celebrities and enthusiastic members. The Members & spouses and relatives enjoyed the Night and passed a cheerful moment.

Training on "International Financial Reporting Standards (IFRS)": ICAB Centre for Professional Excellence (ICPE) has organized an Advanced Level of Training Programme on "International Financial Reporting Standards (IFRS)" from 19 November 2016 to 31 December 2016 at ICPE training room. A total number of 40 participants participated in the programme.

In the concluding session on 31 December 2016 Dr. Swapan Kumar Bala, Commissioner, Bangladesh Securities and Exchange Commission was present as the Chief Guest.

Workshop on "Practical Aspects of IFRS 9: Financial Instruments": Workshop on " Practical Aspects of IFRS 9: Financial Instruments" was held on 27 December 2016 at ICPE training room. A total number of 40 participants took part in it.

Mr. Abu HM Kibria CA (Australia), ACA (England & Wales) was the Resource Person.

ICAB Participated in Bangladesh Capital Market Expo 2016: Bangladesh Capital Market Expo 2016 was held from 1 to 3 December 2016 at the Institute of Institution of Engineers, Bangladesh (IEB). It was organised by the Arthosuchak and ICAB was the Co- partner of the event. Our Vice President Mahmudul Hasan Khusru FCA and Past President and Council Member Md. Humayun Kabir FCA took part in 2nd day programme of the Expo ICAB also setup an outlet at the Expo premises showcasing the importance of CA profession and its future prospect through displaying books, manuals, handbooks and a documentary.

Courtesy call on Senior Secretary, Ministry of Commerce, GoB: ICAB delegation led by me paid a courtesy call on Hedayetullah Al Mamoon, ndc Senior Secretary of the Ministry of Commerce, GoB at Bangladesh Secretariat on 11 December 2016. The other members of the delegation were Vice Presidents Mr. Adeeb Hossain FCA, Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA, Fellow Member and Lead Financial Management Specialist, The World Bank Ms. Suraiya Zannath Khan FCA. The ICAB delegates discussed about some important professional matters including CA order (Presidential Order No-2).

Courtesy call on Planning Minister, GoB: ICAB delegation led by me paid a courtesy call on AHM Mustafa Kamal FCA, Minister, Ministry of Planning, GoB at Planning Commission at Agargaon, Dhaka on 12 December 2016. The other

members of the delegation were Vice Presidents Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA and Secretary AKM Rahmat Ullah FCA. We discussed about professional matters relating to the development of CA profession.

BRAC University Team visit ICAB: I had a meeting with Professor Dr. Rahim B. Talukdar, Adviser, BRAC Business School and Lecturer Mr. Sumon Paul at ICAB on 15 December 2016. We discussed about our ongoing talent hunting programme at the different universities and exemption policies. They expressed their interest to arrange such programme at BRAC University to make the students aware about the CA profession and the exemption policies for brightest students in CA study.

Meeting with the President, CMA Sri Lanka: During his visit in Bangladesh, Prof. Lakshman Ravendra Watawala FCA, President CMA Sri Lanka paid a courtesy call on me on 20 December 2016. During the meeting ICAB Secretary Mr. AKM Rahmat Ullah FCA was present.

CRC-ICAB Elects Chairman and Secretary for 2017: Chittagong Regional Committee has been formed at the meeting of Chittagong Regional Committee of the Institute of Chartered Accountants of Bangladesh (ICAB) held on 31 December 2016 at Conference Hall of ICAB-Chittagong Regional Office under the Chairmanship of Mr. Arup Chowdhury FCA. Mr. Mohammed Reazul Kabir FCA and Mr. Imran Abu Hasan FCA were elected as the Chairman and the Honorary Secretary of CRC-ICAB respectively for the year 2017. Congratulations to them.

Meeting with the Minister, Ministry of Commerce, GoB: ICAB delegation led by me met Mr. Tofail Ahmed, MP, Commerce Minister in his office. With me, President elect 2017 Mr. Adeeb H. Khan FCA, Vice President Mr. Mahmudul Hasan Khusru FCA, Vice President elect 2017 Mr. Mostafa Kamal FCA and Mr. Md. Mahamud Hossain FCA and Council Member Mr. Dewan Nurul Islam FCA were present. The meeting discussed about the recent submission of ICAB's draft CA Order on 29 December 2016.

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 December- 2016:

Standing Committees:

- 5th Meeting of the Articled Students Committee (ASC) was held on 04 December 2016 at 6:00 pm.

- 17th Council Meeting was held on 06 December 2016 at 4:00 pm.

- 6th Meeting of the Articled Students Committee (ASC) was held on 08 December 2016 at 6:00 pm.

- 18th Council Meeting was held on 14 December 2016 at 4:00 pm.

- 12th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 22 December 2016 at 5:30 pm.

- 19th Council Meeting was held on 24 December 2016 at 12:00 pm.

- 6th Executive Committee (EC) Meeting was held on 28 December 2016 at 4:00 pm.

- 20th Council Meeting was held on 29 December 2016 at 4:00 pm.

- 13th Meeting of the Investigation &

Disciplinary Committee (IDC) was held on 31 December 2016 at 5:30 pm.

Non-standing Committees:

- 3rd Meeting of the Members Services & Welfare Committee (MSWC) was held on 01 December 2016at 6:00 pm.

- 11th Meeting of the Information & Communication Technology Committee (ICTC) was held on 11 December 2016 at 6:30 pm.

- 7th Editorial Board (EB) Meeting was held on 14 December 2016 at 6:00 pm.

- 4th Meeting of the Professional Development Committee (PDC) was held on 22 December 2016 at 5:30 pm.

Standing and Non-standing Sub-committees:

- Meeting of the Investigation & Disciplinary Committee (IDC) Sub-committee was held on 08 December 2016 at 5:00 pm.

- 21st Meeting of the ERP Project Steering Committee of Information & Communication Technology Committee (ICTC) was held on 10 December 2016 at 3:00 pm.

- 3rd Meeting of the Human Resources (HR) was held on 11 December 2016 at 6:30 pm.

- 4th Meeting of the Human Resources (HR) was held on 17 December 2016 at 4:30 pm.

With gratitude and all the best wishes!

Kamrul Abedin FCA President

Page 7: Number 326 ICAB Gets New President Vice Presidents T the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit

7

December 2016No. 326

Assalamu Alaikum and greetings to you all,

How fast time flies! It had just finished before I began. We probably could do many things in our lives if we would get time. This is talk for another day. However, coming back to my last month's communication, I feel that my attachment to the Institute of Chartered Accountant and the profession will remain as it is.

I would like to begin the write up by expressing gratitude to the Council for bestowing their confidence on me to lead the Institute during the year 2016. Like my previous predecessors, I passed a vibrant time full of challenges. However, with your support, I could successfully complete my journey.

December is the month of Victory, the 16th of December is a red letter day in our national history. This victory was a victory of right against wrong. This day reminds us of the supreme sacrifice that the sons/daughters of this soil made. We all salute again and again their heroism!

Having said so, I would like to highlight the monthly activities which go as follows:

ICAB President and Vice Presidents elect: I am indeed happy to see that the Council-ICAB elected Mr. Adeeb Hossain Khan FCA as President and Mr. Moddassar Ahmed Siddique FCA, Mr.

Mostafa Kamal FCA and Mr. Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017.

I congratulated the new office bearers and hope that they would lead our beloved Institute to a new height of excellence through their leadership and dynamism in the activities.

Award Giving Ceremony 2016 for Brilliant Children of ICAB Members & Employees: To encourage the brilliant children of the members and employees in study, ICAB was in last month organized award giving ceremony in a gorgeous manner under the folder of the Members Services and Welfare Committee (MSWC) of the Council ICAB on 10 December 2016. Children of ICAB Members and Employees were awarded this year.

Professor Abdullah Abu Sayeed, Founder Chairman, Bishwo ShahittoKendro graced the occasion as the Chief Guest and Mr. Anisul Hoque, Associate Editor, Prothom Alo was present as the Special guest who truly inspired the young minds.

ICAB DRC Honor Freedom Fighters: Our Chartered Accountants who are also Freedom Fighters were accorded houour with crest by the ICAB Dhaka Regional Committee (DRC) on Friday, 16 December 2016 at a prgramme ‘

Discussion on Liberation War and Honor to the Freedom Fighters’ at CA Bhaban.

Mr. AK Chowdhury FCA, former finance adviser to the Mujibnagar Government and Managing Partner of HodaVasi Chowdhury & Co, Mr. ABM Hossain Ahmed FCA, partner of Shafique Mizan Rahman Augustine, Chartered Accountants, Mr. Abdur Razzaque Mollah FCA, Proprietor of Razzaque& Co, and Haider Ahmed Khan FCA, Proprietor of Ahmed Khan & Co, received the honour for their valiant role in the liberation war in 1971. I must say this is first of its kind and this is the least we can do to these patriotic souls.

ICAB-IFRS Quiz and Elocution Contest 2016: The final round of “ICAB-IFRS Quiz and Elocution Contest-2016” was held on 30 December 2016 at ICAB Auditorium. The programme was organized by ICAB in Co-ordination with DRC-ICAB. I along with Vice President Mahmudul Hasan Khusru FCA, Council Member Md. Mahamud Hosain FCA, DRC-ICAB Chairman Md. Al-Amin Siddiki FCA and Secretary Md. Sarwar Hossen FCA were present in the programme. This is also a unique programme and the participants thoroughly enjoyed.

DRC-ICAB Chairman and Secretary elect: Mr. Muhammad Aminul Hoque FCA and Mr. Abdul Mannan FCA have been elected Chairman and Honorary Secretary respectively of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2017.

They were elected at its 37th Annual General Meeting (AGM) held on 17 December 2016 at ICAB Auditorium in the city. Congratulations to the DRC new office bearers.

IPSASB CAG and IPSASB Meetings in South Africa: Mr. Anwaruddin Chowdhury, Member Council and Past President ICAB, Director CAPA Board and Member IPSASB CAG, participated in the IPSAB Consultative Advisory Group (CAG) meeting held on 5 December.

ICAB Members’ Night 2016: I, President elect 2017, Vice Presidents, Vice Presidents elect 2017, Council Members, Past Presidents, Members and their spouses partied at Members’ Night 2016 programme at Bangabandhu International Conference Center (BICC) on 26 December 2016. This year the Night was adorned with colorful banners, festoons, colorful lights with stage performance by a number of celebrities and enthusiastic members. The Members & spouses and relatives enjoyed the Night and passed a cheerful moment.

Training on "International Financial Reporting Standards (IFRS)": ICAB Centre for Professional Excellence (ICPE) has organized an Advanced Level of Training Programme on "International Financial Reporting Standards (IFRS)" from 19 November 2016 to 31 December 2016 at ICPE training room. A total number of 40 participants participated in the programme.

In the concluding session on 31 December 2016 Dr. Swapan Kumar Bala, Commissioner, Bangladesh Securities and Exchange Commission was present as the Chief Guest.

Workshop on "Practical Aspects of IFRS 9: Financial Instruments": Workshop on " Practical Aspects of IFRS 9: Financial Instruments" was held on 27 December 2016 at ICPE training room. A total number of 40 participants took part in it.

Mr. Abu HM Kibria CA (Australia), ACA (England & Wales) was the Resource Person.

ICAB Participated in Bangladesh Capital Market Expo 2016: Bangladesh Capital Market Expo 2016 was held from 1 to 3 December 2016 at the Institute of Institution of Engineers, Bangladesh (IEB). It was organised by the Arthosuchak and ICAB was the Co- partner of the event. Our Vice President Mahmudul Hasan Khusru FCA and Past President and Council Member Md. Humayun Kabir FCA took part in 2nd day programme of the Expo ICAB also setup an outlet at the Expo premises showcasing the importance of CA profession and its future prospect through displaying books, manuals, handbooks and a documentary.

Courtesy call on Senior Secretary, Ministry of Commerce, GoB: ICAB delegation led by me paid a courtesy call on Hedayetullah Al Mamoon, ndc Senior Secretary of the Ministry of Commerce, GoB at Bangladesh Secretariat on 11 December 2016. The other members of the delegation were Vice Presidents Mr. Adeeb Hossain FCA, Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA, Fellow Member and Lead Financial Management Specialist, The World Bank Ms. Suraiya Zannath Khan FCA. The ICAB delegates discussed about some important professional matters including CA order (Presidential Order No-2).

Courtesy call on Planning Minister, GoB: ICAB delegation led by me paid a courtesy call on AHM Mustafa Kamal FCA, Minister, Ministry of Planning, GoB at Planning Commission at Agargaon, Dhaka on 12 December 2016. The other

members of the delegation were Vice Presidents Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA and Secretary AKM Rahmat Ullah FCA. We discussed about professional matters relating to the development of CA profession.

BRAC University Team visit ICAB: I had a meeting with Professor Dr. Rahim B. Talukdar, Adviser, BRAC Business School and Lecturer Mr. Sumon Paul at ICAB on 15 December 2016. We discussed about our ongoing talent hunting programme at the different universities and exemption policies. They expressed their interest to arrange such programme at BRAC University to make the students aware about the CA profession and the exemption policies for brightest students in CA study.

Meeting with the President, CMA Sri Lanka: During his visit in Bangladesh, Prof. Lakshman Ravendra Watawala FCA, President CMA Sri Lanka paid a courtesy call on me on 20 December 2016. During the meeting ICAB Secretary Mr. AKM Rahmat Ullah FCA was present.

CRC-ICAB Elects Chairman and Secretary for 2017: Chittagong Regional Committee has been formed at the meeting of Chittagong Regional Committee of the Institute of Chartered Accountants of Bangladesh (ICAB) held on 31 December 2016 at Conference Hall of ICAB-Chittagong Regional Office under the Chairmanship of Mr. Arup Chowdhury FCA. Mr. Mohammed Reazul Kabir FCA and Mr. Imran Abu Hasan FCA were elected as the Chairman and the Honorary Secretary of CRC-ICAB respectively for the year 2017. Congratulations to them.

Meeting with the Minister, Ministry of Commerce, GoB: ICAB delegation led by me met Mr. Tofail Ahmed, MP, Commerce Minister in his office. With me, President elect 2017 Mr. Adeeb H. Khan FCA, Vice President Mr. Mahmudul Hasan Khusru FCA, Vice President elect 2017 Mr. Mostafa Kamal FCA and Mr. Md. Mahamud Hossain FCA and Council Member Mr. Dewan Nurul Islam FCA were present. The meeting discussed about the recent submission of ICAB's draft CA Order on 29 December 2016.

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 December- 2016:

Standing Committees:

- 5th Meeting of the Articled Students Committee (ASC) was held on 04 December 2016 at 6:00 pm.

- 17th Council Meeting was held on 06 December 2016 at 4:00 pm.

- 6th Meeting of the Articled Students Committee (ASC) was held on 08 December 2016 at 6:00 pm.

- 18th Council Meeting was held on 14 December 2016 at 4:00 pm.

- 12th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 22 December 2016 at 5:30 pm.

- 19th Council Meeting was held on 24 December 2016 at 12:00 pm.

- 6th Executive Committee (EC) Meeting was held on 28 December 2016 at 4:00 pm.

- 20th Council Meeting was held on 29 December 2016 at 4:00 pm.

- 13th Meeting of the Investigation &

Disciplinary Committee (IDC) was held on 31 December 2016 at 5:30 pm.

Non-standing Committees:

- 3rd Meeting of the Members Services & Welfare Committee (MSWC) was held on 01 December 2016at 6:00 pm.

- 11th Meeting of the Information & Communication Technology Committee (ICTC) was held on 11 December 2016 at 6:30 pm.

- 7th Editorial Board (EB) Meeting was held on 14 December 2016 at 6:00 pm.

- 4th Meeting of the Professional Development Committee (PDC) was held on 22 December 2016 at 5:30 pm.

Standing and Non-standing Sub-committees:

- Meeting of the Investigation & Disciplinary Committee (IDC) Sub-committee was held on 08 December 2016 at 5:00 pm.

- 21st Meeting of the ERP Project Steering Committee of Information & Communication Technology Committee (ICTC) was held on 10 December 2016 at 3:00 pm.

- 3rd Meeting of the Human Resources (HR) was held on 11 December 2016 at 6:30 pm.

- 4th Meeting of the Human Resources (HR) was held on 17 December 2016 at 4:30 pm.

With gratitude and all the best wishes!

Kamrul Abedin FCA President

Page 8: Number 326 ICAB Gets New President Vice Presidents T the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit

8

December 2016 No. 326

Assalamu Alaikum and greetings to you all,

How fast time flies! It had just finished before I began. We probably could do many things in our lives if we would get time. This is talk for another day. However, coming back to my last month's communication, I feel that my attachment to the Institute of Chartered Accountant and the profession will remain as it is.

I would like to begin the write up by expressing gratitude to the Council for bestowing their confidence on me to lead the Institute during the year 2016. Like my previous predecessors, I passed a vibrant time full of challenges. However, with your support, I could successfully complete my journey.

December is the month of Victory, the 16th of December is a red letter day in our national history. This victory was a victory of right against wrong. This day reminds us of the supreme sacrifice that the sons/daughters of this soil made. We all salute again and again their heroism!

Having said so, I would like to highlight the monthly activities which go as follows:

ICAB President and Vice Presidents elect: I am indeed happy to see that the Council-ICAB elected Mr. Adeeb Hossain Khan FCA as President and Mr. Moddassar Ahmed Siddique FCA, Mr.

Mostafa Kamal FCA and Mr. Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017.

I congratulated the new office bearers and hope that they would lead our beloved Institute to a new height of excellence through their leadership and dynamism in the activities.

Award Giving Ceremony 2016 for Brilliant Children of ICAB Members & Employees: To encourage the brilliant children of the members and employees in study, ICAB was in last month organized award giving ceremony in a gorgeous manner under the folder of the Members Services and Welfare Committee (MSWC) of the Council ICAB on 10 December 2016. Children of ICAB Members and Employees were awarded this year.

Professor Abdullah Abu Sayeed, Founder Chairman, Bishwo ShahittoKendro graced the occasion as the Chief Guest and Mr. Anisul Hoque, Associate Editor, Prothom Alo was present as the Special guest who truly inspired the young minds.

ICAB DRC Honor Freedom Fighters: Our Chartered Accountants who are also Freedom Fighters were accorded houour with crest by the ICAB Dhaka Regional Committee (DRC) on Friday, 16 December 2016 at a prgramme ‘

Discussion on Liberation War and Honor to the Freedom Fighters’ at CA Bhaban.

Mr. AK Chowdhury FCA, former finance adviser to the Mujibnagar Government and Managing Partner of HodaVasi Chowdhury & Co, Mr. ABM Hossain Ahmed FCA, partner of Shafique Mizan Rahman Augustine, Chartered Accountants, Mr. Abdur Razzaque Mollah FCA, Proprietor of Razzaque& Co, and Haider Ahmed Khan FCA, Proprietor of Ahmed Khan & Co, received the honour for their valiant role in the liberation war in 1971. I must say this is first of its kind and this is the least we can do to these patriotic souls.

ICAB-IFRS Quiz and Elocution Contest 2016: The final round of “ICAB-IFRS Quiz and Elocution Contest-2016” was held on 30 December 2016 at ICAB Auditorium. The programme was organized by ICAB in Co-ordination with DRC-ICAB. I along with Vice President Mahmudul Hasan Khusru FCA, Council Member Md. Mahamud Hosain FCA, DRC-ICAB Chairman Md. Al-Amin Siddiki FCA and Secretary Md. Sarwar Hossen FCA were present in the programme. This is also a unique programme and the participants thoroughly enjoyed.

DRC-ICAB Chairman and Secretary elect: Mr. Muhammad Aminul Hoque FCA and Mr. Abdul Mannan FCA have been elected Chairman and Honorary Secretary respectively of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2017.

They were elected at its 37th Annual General Meeting (AGM) held on 17 December 2016 at ICAB Auditorium in the city. Congratulations to the DRC new office bearers.

IPSASB CAG and IPSASB Meetings in South Africa: Mr. Anwaruddin Chowdhury, Member Council and Past President ICAB, Director CAPA Board and Member IPSASB CAG, participated in the IPSAB Consultative Advisory Group (CAG) meeting held on 5 December.

ICAB Members’ Night 2016: I, President elect 2017, Vice Presidents, Vice Presidents elect 2017, Council Members, Past Presidents, Members and their spouses partied at Members’ Night 2016 programme at Bangabandhu International Conference Center (BICC) on 26 December 2016. This year the Night was adorned with colorful banners, festoons, colorful lights with stage performance by a number of celebrities and enthusiastic members. The Members & spouses and relatives enjoyed the Night and passed a cheerful moment.

Training on "International Financial Reporting Standards (IFRS)": ICAB Centre for Professional Excellence (ICPE) has organized an Advanced Level of Training Programme on "International Financial Reporting Standards (IFRS)" from 19 November 2016 to 31 December 2016 at ICPE training room. A total number of 40 participants participated in the programme.

In the concluding session on 31 December 2016 Dr. Swapan Kumar Bala, Commissioner, Bangladesh Securities and Exchange Commission was present as the Chief Guest.

Workshop on "Practical Aspects of IFRS 9: Financial Instruments": Workshop on " Practical Aspects of IFRS 9: Financial Instruments" was held on 27 December 2016 at ICPE training room. A total number of 40 participants took part in it.

Mr. Abu HM Kibria CA (Australia), ACA (England & Wales) was the Resource Person.

ICAB Participated in Bangladesh Capital Market Expo 2016: Bangladesh Capital Market Expo 2016 was held from 1 to 3 December 2016 at the Institute of Institution of Engineers, Bangladesh (IEB). It was organised by the Arthosuchak and ICAB was the Co- partner of the event. Our Vice President Mahmudul Hasan Khusru FCA and Past President and Council Member Md. Humayun Kabir FCA took part in 2nd day programme of the Expo ICAB also setup an outlet at the Expo premises showcasing the importance of CA profession and its future prospect through displaying books, manuals, handbooks and a documentary.

Courtesy call on Senior Secretary, Ministry of Commerce, GoB: ICAB delegation led by me paid a courtesy call on Hedayetullah Al Mamoon, ndc Senior Secretary of the Ministry of Commerce, GoB at Bangladesh Secretariat on 11 December 2016. The other members of the delegation were Vice Presidents Mr. Adeeb Hossain FCA, Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA, Fellow Member and Lead Financial Management Specialist, The World Bank Ms. Suraiya Zannath Khan FCA. The ICAB delegates discussed about some important professional matters including CA order (Presidential Order No-2).

Courtesy call on Planning Minister, GoB: ICAB delegation led by me paid a courtesy call on AHM Mustafa Kamal FCA, Minister, Ministry of Planning, GoB at Planning Commission at Agargaon, Dhaka on 12 December 2016. The other

Name of Resource Persons(Section- A-I of PS-KL-15th Batch)

Mr Abdullah-Al-Mamun FCAMr Md Al- Amin Siddiki FCA Mr Kamruzzaman FCA Mr Kutub Uddin Ahmad FCA Mr Nirmol Chandra Sarker FCA

Mr Md Ziaul Alam ACAMr Shankar Chandra Karmaker FCAMr Uttam Kumar Saha FCA Mr Md Mahamud Hosain FCAMr Jone Kumer Gupta FCA Mr Md Amirul Islam FCAMr Abdulla-Al-Mahmud FCAMr Md Raghib Ahsan FCA

Mr Gopal Chandra Ghosh FCAMr Sajib Sarkar ACA Mr Faker Ahmed FCAMr Md Farhad Husain Suman ACA Mr Sayeed Ahmed FCAMr Muhammed Forkan Uddin FCA Mr Zakir Hossain FCA Mr Md Din Islam Miah FCA

Mr Mohammad Abdul MatinMr Mohammed Zakaria FCAMr Muhammad Abu Hanif Meah ACAMr Mohammad Redwanur Rahman FCA Mr Parymal Kumer Sarker ACAMr Shaheduzzaman Choudhury FCAMr Shahriar Istiaq Halim FCAMr Mohammad Monowar Hossain ACA Mr K S Omar Faruk ACA Mr Mahmudul Hasan Khusru FCA Mr Md Mohiuddin Ahmed FCAMr Shyamal Krishna Roy FCAMr Abdullah Al YousufMr Mohammed Ariful Hoque FCAMr Md Fokrul Islam FCAMr Shafiq Musharrof FCAMr Shib Pada Dey FCA Mr G S Ashiqur Rahman Bhuyian FCAMr Masud Parvez FCAMr Amanat Ahmed ACAMr Masud Khan FCA-IndiaMr Abdul Hamid FCAMr Md Razib Hossain ACA Mr Snehasish Barua FCAMr Yasin Miah FCA Mr Miltan Bepari ACAMr Palash MallikMr Md Ebadat Hossain Bhuiyan FCAMr Ajit Kumar Paul FCA (GT)Mr Sk. Md Tarikul Islam FCAMr Anup Kumar Sarker ACAMr Zoinul Abedin Sakil ACA Mr Md Mahedi Masud ACA Mr Md Lutfar Rahman FCA Mr Md Nasir Uddin ACAMr Ranjan Kumar Bhowmik FCMAMr Rakesh Saha FCAMr Md Wahid Murad FCAMr Tanvir Hasan FCAMr Nazmul Hussain Siddique ACAMr Shah Md Mohin Uddin ACAMr Md Shihabur Reza ACAMr Muhammad Aminul Hoque FCAMr Md Saiful Hasan ACAMr Mohammad Aslam FCAMr Abu Kamal Mohammod Pasha ACAMr S M Rahmatul Mujeeb FCAMr Md Fuad Uddin Khan ACAMr Abu Hena Mustafa Kamal ACAMr Mahbub Alam ACAMr Md Jashim Uddin AhmedDr Jakerul Abedin Mr S M Ashfaqur Rahman ACA Mr MAKH Hasif Sowdagar FCAMr Md Amran Hossan ACAMr Obaidur Rahman FCA

Mr Muhammad Kamruzzaman ACAMr Chitta Ranjan Halder FCAMs Tasnuva Ahmed ACAMr Ruhul Amin ACA Mr Sujan Kumar Saha ACAMr Shibly Ahmed FCAMr Shadhan Chandra Das FCAMr Md Selim Reza FCAMr Rajesh Kumar Yadav FCAMr A.B.M. Ahasan UllahMr Afratul Kawsar ACAMs Naima Sultana ACAMr Md Saifur Rahman ACAMr Mohammad Ibrahim Khalil FCAMr Md Akber Hossain Khan ACA Mr Md Boni Amin ACAMr Ramdas Howlader ACAMr Afzal Ahmed ACA Mr Rajesh Chandra Kuri ACA Mr Md Ali Akther Rezvi FCAMr Md Shariful Islam ACAMr Syed Mohammed Kowser Hossain Dr ASM Hossain Tayiab FCAMr AHM Ariful Islam ACAMr Md Kishlur Rahman FCAMr Mohammad Rostam Hosain FCAMr Md Kamruzzaman ACAMr Md Tareq Kamal ACAMr Sarker Nahidul Islam ACA Mr AKM Mesbahul Karim ACAMr Md Arshadul Kabir ACAMr Md Reajul Islam FCAMr Mohammad Zakir Hossain Mr Badal Chandra Rajbangshi FCAMr Mohammad Fakhrul Alam Patwary ACAMr Md Anisur RahmanMr Md Abdullah-Al-Amin ACA

Visiting Faculties(for Ongoing Session)

Name of Visiting FacultiesMr. Kamrul Abedin FCA Mr. Mahmudul Hasan Khusru FCAMr. Adeeb Hossain Khan FCAMr. ABM Azizuddin FCAMr. Anwaruddin Chowdhury FCAMr. A S M Nayeem FCA Mr. Muhammed Farhad Hussain FCAMr. Md Humayun Kabir FCAMr. Md Syful Islam FCAMr. Md Abdus Salam FCAMr. A F Nesaruddin FCAMr. Gopal Chandra Ghosh FCA Mr. Mostafa Kamal FCAMr. Md Mahamud Hosain FCA

Mr. Masud Khan FCA-IndiaMr. Abdul Khalek FCA Mr. Md Amirul Islam FCAMr. Md Akbar Hossain FCA Mr. Sabbir Ahmed FCA (E-770) Mr. Mohammad Mehedi Hasan FCA Mr. Ajit Kumar Paul FCAMr. Md Abu Bakar FCA Dr. Jakerul Abedin Mr. Syed Mohammed Kowser HossainMr Muhammed Asaduzzaman NurMr Abdullah Al YousufMr Mohammad Zakir HossainMr. Md Jehad UddinMr Md Jashim Uddin AhmedMr. A H Mostafa Kamal Khan

members of the delegation were Vice Presidents Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA and Secretary AKM Rahmat Ullah FCA. We discussed about professional matters relating to the development of CA profession.

BRAC University Team visit ICAB: I had a meeting with Professor Dr. Rahim B. Talukdar, Adviser, BRAC Business School and Lecturer Mr. Sumon Paul at ICAB on 15 December 2016. We discussed about our ongoing talent hunting programme at the different universities and exemption policies. They expressed their interest to arrange such programme at BRAC University to make the students aware about the CA profession and the exemption policies for brightest students in CA study.

Meeting with the President, CMA Sri Lanka: During his visit in Bangladesh, Prof. Lakshman Ravendra Watawala FCA, President CMA Sri Lanka paid a courtesy call on me on 20 December 2016. During the meeting ICAB Secretary Mr. AKM Rahmat Ullah FCA was present.

CRC-ICAB Elects Chairman and Secretary for 2017: Chittagong Regional Committee has been formed at the meeting of Chittagong Regional Committee of the Institute of Chartered Accountants of Bangladesh (ICAB) held on 31 December 2016 at Conference Hall of ICAB-Chittagong Regional Office under the Chairmanship of Mr. Arup Chowdhury FCA. Mr. Mohammed Reazul Kabir FCA and Mr. Imran Abu Hasan FCA were elected as the Chairman and the Honorary Secretary of CRC-ICAB respectively for the year 2017. Congratulations to them.

Meeting with the Minister, Ministry of Commerce, GoB: ICAB delegation led by me met Mr. Tofail Ahmed, MP, Commerce Minister in his office. With me, President elect 2017 Mr. Adeeb H. Khan FCA, Vice President Mr. Mahmudul Hasan Khusru FCA, Vice President elect 2017 Mr. Mostafa Kamal FCA and Mr. Md. Mahamud Hossain FCA and Council Member Mr. Dewan Nurul Islam FCA were present. The meeting discussed about the recent submission of ICAB's draft CA Order on 29 December 2016.

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 December- 2016:

Standing Committees:

- 5th Meeting of the Articled Students Committee (ASC) was held on 04 December 2016 at 6:00 pm.

- 17th Council Meeting was held on 06 December 2016 at 4:00 pm.

- 6th Meeting of the Articled Students Committee (ASC) was held on 08 December 2016 at 6:00 pm.

- 18th Council Meeting was held on 14 December 2016 at 4:00 pm.

- 12th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 22 December 2016 at 5:30 pm.

- 19th Council Meeting was held on 24 December 2016 at 12:00 pm.

- 6th Executive Committee (EC) Meeting was held on 28 December 2016 at 4:00 pm.

- 20th Council Meeting was held on 29 December 2016 at 4:00 pm.

- 13th Meeting of the Investigation &

Disciplinary Committee (IDC) was held on 31 December 2016 at 5:30 pm.

Non-standing Committees:

- 3rd Meeting of the Members Services & Welfare Committee (MSWC) was held on 01 December 2016at 6:00 pm.

- 11th Meeting of the Information & Communication Technology Committee (ICTC) was held on 11 December 2016 at 6:30 pm.

- 7th Editorial Board (EB) Meeting was held on 14 December 2016 at 6:00 pm.

- 4th Meeting of the Professional Development Committee (PDC) was held on 22 December 2016 at 5:30 pm.

Standing and Non-standing Sub-committees:

- Meeting of the Investigation & Disciplinary Committee (IDC) Sub-committee was held on 08 December 2016 at 5:00 pm.

- 21st Meeting of the ERP Project Steering Committee of Information & Communication Technology Committee (ICTC) was held on 10 December 2016 at 3:00 pm.

- 3rd Meeting of the Human Resources (HR) was held on 11 December 2016 at 6:30 pm.

- 4th Meeting of the Human Resources (HR) was held on 17 December 2016 at 4:30 pm.

With gratitude and all the best wishes!

Kamrul Abedin FCA President

Page 9: Number 326 ICAB Gets New President Vice Presidents T the KDS Group as Group CFO. Before joining the KDS Group Mr. Siddique had served BSRM as Chief Accountant and Aramit Ltd. and Aramit

9

December 2016No. 326

Assalamu Alaikum and greetings to you all,

How fast time flies! It had just finished before I began. We probably could do many things in our lives if we would get time. This is talk for another day. However, coming back to my last month's communication, I feel that my attachment to the Institute of Chartered Accountant and the profession will remain as it is.

I would like to begin the write up by expressing gratitude to the Council for bestowing their confidence on me to lead the Institute during the year 2016. Like my previous predecessors, I passed a vibrant time full of challenges. However, with your support, I could successfully complete my journey.

December is the month of Victory, the 16th of December is a red letter day in our national history. This victory was a victory of right against wrong. This day reminds us of the supreme sacrifice that the sons/daughters of this soil made. We all salute again and again their heroism!

Having said so, I would like to highlight the monthly activities which go as follows:

ICAB President and Vice Presidents elect: I am indeed happy to see that the Council-ICAB elected Mr. Adeeb Hossain Khan FCA as President and Mr. Moddassar Ahmed Siddique FCA, Mr.

Mostafa Kamal FCA and Mr. Md. Mahamud Hosain FCA as Vice Presidents of the Institute for the year 2017.

I congratulated the new office bearers and hope that they would lead our beloved Institute to a new height of excellence through their leadership and dynamism in the activities.

Award Giving Ceremony 2016 for Brilliant Children of ICAB Members & Employees: To encourage the brilliant children of the members and employees in study, ICAB was in last month organized award giving ceremony in a gorgeous manner under the folder of the Members Services and Welfare Committee (MSWC) of the Council ICAB on 10 December 2016. Children of ICAB Members and Employees were awarded this year.

Professor Abdullah Abu Sayeed, Founder Chairman, Bishwo ShahittoKendro graced the occasion as the Chief Guest and Mr. Anisul Hoque, Associate Editor, Prothom Alo was present as the Special guest who truly inspired the young minds.

ICAB DRC Honor Freedom Fighters: Our Chartered Accountants who are also Freedom Fighters were accorded houour with crest by the ICAB Dhaka Regional Committee (DRC) on Friday, 16 December 2016 at a prgramme ‘

Discussion on Liberation War and Honor to the Freedom Fighters’ at CA Bhaban.

Mr. AK Chowdhury FCA, former finance adviser to the Mujibnagar Government and Managing Partner of HodaVasi Chowdhury & Co, Mr. ABM Hossain Ahmed FCA, partner of Shafique Mizan Rahman Augustine, Chartered Accountants, Mr. Abdur Razzaque Mollah FCA, Proprietor of Razzaque& Co, and Haider Ahmed Khan FCA, Proprietor of Ahmed Khan & Co, received the honour for their valiant role in the liberation war in 1971. I must say this is first of its kind and this is the least we can do to these patriotic souls.

ICAB-IFRS Quiz and Elocution Contest 2016: The final round of “ICAB-IFRS Quiz and Elocution Contest-2016” was held on 30 December 2016 at ICAB Auditorium. The programme was organized by ICAB in Co-ordination with DRC-ICAB. I along with Vice President Mahmudul Hasan Khusru FCA, Council Member Md. Mahamud Hosain FCA, DRC-ICAB Chairman Md. Al-Amin Siddiki FCA and Secretary Md. Sarwar Hossen FCA were present in the programme. This is also a unique programme and the participants thoroughly enjoyed.

DRC-ICAB Chairman and Secretary elect: Mr. Muhammad Aminul Hoque FCA and Mr. Abdul Mannan FCA have been elected Chairman and Honorary Secretary respectively of Dhaka Regional Committee (DRC) of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2017.

They were elected at its 37th Annual General Meeting (AGM) held on 17 December 2016 at ICAB Auditorium in the city. Congratulations to the DRC new office bearers.

IPSASB CAG and IPSASB Meetings in South Africa: Mr. Anwaruddin Chowdhury, Member Council and Past President ICAB, Director CAPA Board and Member IPSASB CAG, participated in the IPSAB Consultative Advisory Group (CAG) meeting held on 5 December.

ICAB Members’ Night 2016: I, President elect 2017, Vice Presidents, Vice Presidents elect 2017, Council Members, Past Presidents, Members and their spouses partied at Members’ Night 2016 programme at Bangabandhu International Conference Center (BICC) on 26 December 2016. This year the Night was adorned with colorful banners, festoons, colorful lights with stage performance by a number of celebrities and enthusiastic members. The Members & spouses and relatives enjoyed the Night and passed a cheerful moment.

Training on "International Financial Reporting Standards (IFRS)": ICAB Centre for Professional Excellence (ICPE) has organized an Advanced Level of Training Programme on "International Financial Reporting Standards (IFRS)" from 19 November 2016 to 31 December 2016 at ICPE training room. A total number of 40 participants participated in the programme.

In the concluding session on 31 December 2016 Dr. Swapan Kumar Bala, Commissioner, Bangladesh Securities and Exchange Commission was present as the Chief Guest.

Workshop on "Practical Aspects of IFRS 9: Financial Instruments": Workshop on " Practical Aspects of IFRS 9: Financial Instruments" was held on 27 December 2016 at ICPE training room. A total number of 40 participants took part in it.

Mr. Abu HM Kibria CA (Australia), ACA (England & Wales) was the Resource Person.

ICAB Participated in Bangladesh Capital Market Expo 2016: Bangladesh Capital Market Expo 2016 was held from 1 to 3 December 2016 at the Institute of Institution of Engineers, Bangladesh (IEB). It was organised by the Arthosuchak and ICAB was the Co- partner of the event. Our Vice President Mahmudul Hasan Khusru FCA and Past President and Council Member Md. Humayun Kabir FCA took part in 2nd day programme of the Expo ICAB also setup an outlet at the Expo premises showcasing the importance of CA profession and its future prospect through displaying books, manuals, handbooks and a documentary.

Courtesy call on Senior Secretary, Ministry of Commerce, GoB: ICAB delegation led by me paid a courtesy call on Hedayetullah Al Mamoon, ndc Senior Secretary of the Ministry of Commerce, GoB at Bangladesh Secretariat on 11 December 2016. The other members of the delegation were Vice Presidents Mr. Adeeb Hossain FCA, Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA, Fellow Member and Lead Financial Management Specialist, The World Bank Ms. Suraiya Zannath Khan FCA. The ICAB delegates discussed about some important professional matters including CA order (Presidential Order No-2).

Courtesy call on Planning Minister, GoB: ICAB delegation led by me paid a courtesy call on AHM Mustafa Kamal FCA, Minister, Ministry of Planning, GoB at Planning Commission at Agargaon, Dhaka on 12 December 2016. The other

ICAB Academic Campus NewsThe Pre-examination Classes for Professional Stage-Knowledge Level (15th Batch, Sections: A-I) have started from Tuesday, 06 December 2016 for Examination Session: May-June 2017. The session will be continued up to 27 February 2017. There are 436 students joining with 114 teachers for the Class Session: December 2016-February 2017.

As a result, the cumulative number of participated students of ICAB under new curriculum has risen to 12,480, till December 31, 2016.

The regular classes for the students of Professional Stage-Application Level (14th Batch) & Advanced Stage (13th Batch) would commence from Tuesday, 01 March 2017 at ICAB Academic Campus, 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Area, Dhaka-1215. A Notice has already been issued in this regard and all the concerned students are advised to enroll the classes by 23 February 2017, and adhere the session accordingly

On the other hand, day time classes for Knowledge Level (1st Batch) are going to be held from Monday, 01 February 2017 at ICAB Academic Campus. By issuing a-special notice, all practicing members of the Institute entitled to train articled students have requested to kindly notify their students to enroll the classes by 31 January 2017, and permission to the students to be present at the day shift classes surrounded by the schedule in the interest of the profession.

Within the month of December 2016, the Hon'ble Vice President (E&T)-ICAB, Mr.

Mahmudul Hasan Khusru FCA has visited the ICAB Academic Campus on 02, 09, 23, & 30 December 2016, during the class-hour in the evening shift and Fridays' session. He met with the students and faculty members, to know about the areas needed to improve with a view to make the campus environment, services and activities more congenial for study. He advised all the concerned for proper implementation of the outcomes of his visits as well.

Meanwhile, the 2nd meeting for the year 2016 of the Teachers’ Discussion Session of Professional Stage (Knowledge & Application Levels & Advanced Stage) was held on 27 December 2016 at ICAB Academic Campus. The session was chaired by ASM Nayeem FCA, Past President & Member Council of the Institute of Chartered Accountants of Bangladesh, and moderated by Mahmadul Hasan Khusru FCA, Vice President (E&T), ICAB. Among others, as guests Council Member Md. Shahadat Hossain FCA and Gopal Chandra Ghosh FCA were also present in the session. There were 219 faculties and 72 teachers attended in the session. The teachers exchanged their views and ideas, thoughts and problems regarding the academic campus, CA firms, on-going education and examination matters and the initiatives for strengthening of the quality of the students as well as CA profession.

The Vice President (E&T)-ICAB, expressed his happiness about the number of attendance. He highly appreciated teachers for their active and spontaneous participation in the session. He requested the teachers to be more

dedicated in their efforts. He agreed to arrange more discussion sessions with teachers and students from time to time. He requested teachers to create awareness regarding importance of classes and regular attendance of the students in classes. He thanked the teachers for their thoughtful comments. He added that the Institute has initiated many efforts to strengthening the profession. He told that talents and high caliber professionals teachers are contributing to the institute. The institute shall accept suggestions from all stakeholders to tackle the challenges facing by the profession. He stated that now a day’s many brilliant students are coming in teaching profession. DRC-ICAB has tremendously discovered and fulfilled the long heartfelt expectation of the students. He also expected that the new professionals have to take responsibility of the profession. Afterwards, he told that proposals which have been placed today’s session are to be consulted with the respective committees of ICAB. He also said that the teachers’ recommended proposals will be taken for immediate action in the interest of the profession.

Moreover, ICAB-IFRS Quiz and Elocution Contest-2016 were held on 27 December 2016 at ICAB Academic Campus. There were 392 participants in the competitions.

Besides, the refurbishments of ICAB Academic Campus at 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Area, Dhaka-1215, has mostly been done, and the rest works of mezzanine floor would be completed by February 2017.

Resource Persons: ICAB Academic Campus (Dec. ’16 - Feb. ’17)Name of Resource Persons(Section- A-I of PS-KL-15th Batch)

Mr Abdullah-Al-Mamun FCAMr Md Al- Amin Siddiki FCA Mr Kamruzzaman FCA Mr Kutub Uddin Ahmad FCA Mr Nirmol Chandra Sarker FCA

Mr Md Ziaul Alam ACAMr Shankar Chandra Karmaker FCAMr Uttam Kumar Saha FCA Mr Md Mahamud Hosain FCAMr Jone Kumer Gupta FCA Mr Md Amirul Islam FCAMr Abdulla-Al-Mahmud FCAMr Md Raghib Ahsan FCA

Mr Gopal Chandra Ghosh FCAMr Sajib Sarkar ACA Mr Faker Ahmed FCAMr Md Farhad Husain Suman ACA Mr Sayeed Ahmed FCAMr Muhammed Forkan Uddin FCA Mr Zakir Hossain FCA Mr Md Din Islam Miah FCA

Mr Mohammad Abdul MatinMr Mohammed Zakaria FCAMr Muhammad Abu Hanif Meah ACAMr Mohammad Redwanur Rahman FCA Mr Parymal Kumer Sarker ACAMr Shaheduzzaman Choudhury FCAMr Shahriar Istiaq Halim FCAMr Mohammad Monowar Hossain ACA Mr K S Omar Faruk ACA Mr Mahmudul Hasan Khusru FCA Mr Md Mohiuddin Ahmed FCAMr Shyamal Krishna Roy FCAMr Abdullah Al YousufMr Mohammed Ariful Hoque FCAMr Md Fokrul Islam FCAMr Shafiq Musharrof FCAMr Shib Pada Dey FCA Mr G S Ashiqur Rahman Bhuyian FCAMr Masud Parvez FCAMr Amanat Ahmed ACAMr Masud Khan FCA-IndiaMr Abdul Hamid FCAMr Md Razib Hossain ACA Mr Snehasish Barua FCAMr Yasin Miah FCA Mr Miltan Bepari ACAMr Palash MallikMr Md Ebadat Hossain Bhuiyan FCAMr Ajit Kumar Paul FCA (GT)Mr Sk. Md Tarikul Islam FCAMr Anup Kumar Sarker ACAMr Zoinul Abedin Sakil ACA Mr Md Mahedi Masud ACA Mr Md Lutfar Rahman FCA Mr Md Nasir Uddin ACAMr Ranjan Kumar Bhowmik FCMAMr Rakesh Saha FCAMr Md Wahid Murad FCAMr Tanvir Hasan FCAMr Nazmul Hussain Siddique ACAMr Shah Md Mohin Uddin ACAMr Md Shihabur Reza ACAMr Muhammad Aminul Hoque FCAMr Md Saiful Hasan ACAMr Mohammad Aslam FCAMr Abu Kamal Mohammod Pasha ACAMr S M Rahmatul Mujeeb FCAMr Md Fuad Uddin Khan ACAMr Abu Hena Mustafa Kamal ACAMr Mahbub Alam ACAMr Md Jashim Uddin AhmedDr Jakerul Abedin Mr S M Ashfaqur Rahman ACA Mr MAKH Hasif Sowdagar FCAMr Md Amran Hossan ACAMr Obaidur Rahman FCA

Mr Muhammad Kamruzzaman ACAMr Chitta Ranjan Halder FCAMs Tasnuva Ahmed ACAMr Ruhul Amin ACA Mr Sujan Kumar Saha ACAMr Shibly Ahmed FCAMr Shadhan Chandra Das FCAMr Md Selim Reza FCAMr Rajesh Kumar Yadav FCAMr A.B.M. Ahasan UllahMr Afratul Kawsar ACAMs Naima Sultana ACAMr Md Saifur Rahman ACAMr Mohammad Ibrahim Khalil FCAMr Md Akber Hossain Khan ACA Mr Md Boni Amin ACAMr Ramdas Howlader ACAMr Afzal Ahmed ACA Mr Rajesh Chandra Kuri ACA Mr Md Ali Akther Rezvi FCAMr Md Shariful Islam ACAMr Syed Mohammed Kowser Hossain Dr ASM Hossain Tayiab FCAMr AHM Ariful Islam ACAMr Md Kishlur Rahman FCAMr Mohammad Rostam Hosain FCAMr Md Kamruzzaman ACAMr Md Tareq Kamal ACAMr Sarker Nahidul Islam ACA Mr AKM Mesbahul Karim ACAMr Md Arshadul Kabir ACAMr Md Reajul Islam FCAMr Mohammad Zakir Hossain Mr Badal Chandra Rajbangshi FCAMr Mohammad Fakhrul Alam Patwary ACAMr Md Anisur RahmanMr Md Abdullah-Al-Amin ACA

Visiting Faculties(for Ongoing Session)

Name of Visiting FacultiesMr. Kamrul Abedin FCA Mr. Mahmudul Hasan Khusru FCAMr. Adeeb Hossain Khan FCAMr. ABM Azizuddin FCAMr. Anwaruddin Chowdhury FCAMr. A S M Nayeem FCA Mr. Muhammed Farhad Hussain FCAMr. Md Humayun Kabir FCAMr. Md Syful Islam FCAMr. Md Abdus Salam FCAMr. A F Nesaruddin FCAMr. Gopal Chandra Ghosh FCA Mr. Mostafa Kamal FCAMr. Md Mahamud Hosain FCA

Mr. Masud Khan FCA-IndiaMr. Abdul Khalek FCA Mr. Md Amirul Islam FCAMr. Md Akbar Hossain FCA Mr. Sabbir Ahmed FCA (E-770) Mr. Mohammad Mehedi Hasan FCA Mr. Ajit Kumar Paul FCAMr. Md Abu Bakar FCA Dr. Jakerul Abedin Mr. Syed Mohammed Kowser HossainMr Muhammed Asaduzzaman NurMr Abdullah Al YousufMr Mohammad Zakir HossainMr. Md Jehad UddinMr Md Jashim Uddin AhmedMr. A H Mostafa Kamal Khan

members of the delegation were Vice Presidents Mr. Mahmudul Hasan Khusru FCA, Council Members Mr. Dewan Nurul Islam FCA, Mr. Mostafa Kamal FCA, Mr. Md. Mahamud Hossain FCA and Secretary AKM Rahmat Ullah FCA. We discussed about professional matters relating to the development of CA profession.

BRAC University Team visit ICAB: I had a meeting with Professor Dr. Rahim B. Talukdar, Adviser, BRAC Business School and Lecturer Mr. Sumon Paul at ICAB on 15 December 2016. We discussed about our ongoing talent hunting programme at the different universities and exemption policies. They expressed their interest to arrange such programme at BRAC University to make the students aware about the CA profession and the exemption policies for brightest students in CA study.

Meeting with the President, CMA Sri Lanka: During his visit in Bangladesh, Prof. Lakshman Ravendra Watawala FCA, President CMA Sri Lanka paid a courtesy call on me on 20 December 2016. During the meeting ICAB Secretary Mr. AKM Rahmat Ullah FCA was present.

CRC-ICAB Elects Chairman and Secretary for 2017: Chittagong Regional Committee has been formed at the meeting of Chittagong Regional Committee of the Institute of Chartered Accountants of Bangladesh (ICAB) held on 31 December 2016 at Conference Hall of ICAB-Chittagong Regional Office under the Chairmanship of Mr. Arup Chowdhury FCA. Mr. Mohammed Reazul Kabir FCA and Mr. Imran Abu Hasan FCA were elected as the Chairman and the Honorary Secretary of CRC-ICAB respectively for the year 2017. Congratulations to them.

Meeting with the Minister, Ministry of Commerce, GoB: ICAB delegation led by me met Mr. Tofail Ahmed, MP, Commerce Minister in his office. With me, President elect 2017 Mr. Adeeb H. Khan FCA, Vice President Mr. Mahmudul Hasan Khusru FCA, Vice President elect 2017 Mr. Mostafa Kamal FCA and Mr. Md. Mahamud Hossain FCA and Council Member Mr. Dewan Nurul Islam FCA were present. The meeting discussed about the recent submission of ICAB's draft CA Order on 29 December 2016.

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 December- 2016:

Standing Committees:

- 5th Meeting of the Articled Students Committee (ASC) was held on 04 December 2016 at 6:00 pm.

- 17th Council Meeting was held on 06 December 2016 at 4:00 pm.

- 6th Meeting of the Articled Students Committee (ASC) was held on 08 December 2016 at 6:00 pm.

- 18th Council Meeting was held on 14 December 2016 at 4:00 pm.

- 12th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 22 December 2016 at 5:30 pm.

- 19th Council Meeting was held on 24 December 2016 at 12:00 pm.

- 6th Executive Committee (EC) Meeting was held on 28 December 2016 at 4:00 pm.

- 20th Council Meeting was held on 29 December 2016 at 4:00 pm.

- 13th Meeting of the Investigation &

Disciplinary Committee (IDC) was held on 31 December 2016 at 5:30 pm.

Non-standing Committees:

- 3rd Meeting of the Members Services & Welfare Committee (MSWC) was held on 01 December 2016at 6:00 pm.

- 11th Meeting of the Information & Communication Technology Committee (ICTC) was held on 11 December 2016 at 6:30 pm.

- 7th Editorial Board (EB) Meeting was held on 14 December 2016 at 6:00 pm.

- 4th Meeting of the Professional Development Committee (PDC) was held on 22 December 2016 at 5:30 pm.

Standing and Non-standing Sub-committees:

- Meeting of the Investigation & Disciplinary Committee (IDC) Sub-committee was held on 08 December 2016 at 5:00 pm.

- 21st Meeting of the ERP Project Steering Committee of Information & Communication Technology Committee (ICTC) was held on 10 December 2016 at 3:00 pm.

- 3rd Meeting of the Human Resources (HR) was held on 11 December 2016 at 6:30 pm.

- 4th Meeting of the Human Resources (HR) was held on 17 December 2016 at 4:30 pm.

With gratitude and all the best wishes!

Kamrul Abedin FCA President

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December 2016 No. 326

Name of Resource Persons(Section- A-I of PS-KL-15th Batch)

Mr Abdullah-Al-Mamun FCAMr Md Al- Amin Siddiki FCA Mr Kamruzzaman FCA Mr Kutub Uddin Ahmad FCA Mr Nirmol Chandra Sarker FCA

Mr Md Ziaul Alam ACAMr Shankar Chandra Karmaker FCAMr Uttam Kumar Saha FCA Mr Md Mahamud Hosain FCAMr Jone Kumer Gupta FCA Mr Md Amirul Islam FCAMr Abdulla-Al-Mahmud FCAMr Md Raghib Ahsan FCA

Mr Gopal Chandra Ghosh FCAMr Sajib Sarkar ACA Mr Faker Ahmed FCAMr Md Farhad Husain Suman ACA Mr Sayeed Ahmed FCAMr Muhammed Forkan Uddin FCA Mr Zakir Hossain FCA Mr Md Din Islam Miah FCA

Mr Mohammad Abdul MatinMr Mohammed Zakaria FCAMr Muhammad Abu Hanif Meah ACAMr Mohammad Redwanur Rahman FCA Mr Parymal Kumer Sarker ACAMr Shaheduzzaman Choudhury FCAMr Shahriar Istiaq Halim FCAMr Mohammad Monowar Hossain ACA Mr K S Omar Faruk ACA Mr Mahmudul Hasan Khusru FCA Mr Md Mohiuddin Ahmed FCAMr Shyamal Krishna Roy FCAMr Abdullah Al YousufMr Mohammed Ariful Hoque FCAMr Md Fokrul Islam FCAMr Shafiq Musharrof FCAMr Shib Pada Dey FCA Mr G S Ashiqur Rahman Bhuyian FCAMr Masud Parvez FCAMr Amanat Ahmed ACAMr Masud Khan FCA-IndiaMr Abdul Hamid FCAMr Md Razib Hossain ACA Mr Snehasish Barua FCAMr Yasin Miah FCA Mr Miltan Bepari ACAMr Palash MallikMr Md Ebadat Hossain Bhuiyan FCAMr Ajit Kumar Paul FCA (GT)Mr Sk. Md Tarikul Islam FCAMr Anup Kumar Sarker ACAMr Zoinul Abedin Sakil ACA Mr Md Mahedi Masud ACA Mr Md Lutfar Rahman FCA Mr Md Nasir Uddin ACAMr Ranjan Kumar Bhowmik FCMAMr Rakesh Saha FCAMr Md Wahid Murad FCAMr Tanvir Hasan FCAMr Nazmul Hussain Siddique ACAMr Shah Md Mohin Uddin ACAMr Md Shihabur Reza ACAMr Muhammad Aminul Hoque FCAMr Md Saiful Hasan ACAMr Mohammad Aslam FCAMr Abu Kamal Mohammod Pasha ACAMr S M Rahmatul Mujeeb FCAMr Md Fuad Uddin Khan ACAMr Abu Hena Mustafa Kamal ACAMr Mahbub Alam ACAMr Md Jashim Uddin AhmedDr Jakerul Abedin Mr S M Ashfaqur Rahman ACA Mr MAKH Hasif Sowdagar FCAMr Md Amran Hossan ACAMr Obaidur Rahman FCA

Mr Muhammad Kamruzzaman ACAMr Chitta Ranjan Halder FCAMs Tasnuva Ahmed ACAMr Ruhul Amin ACA Mr Sujan Kumar Saha ACAMr Shibly Ahmed FCAMr Shadhan Chandra Das FCAMr Md Selim Reza FCAMr Rajesh Kumar Yadav FCAMr A.B.M. Ahasan UllahMr Afratul Kawsar ACAMs Naima Sultana ACAMr Md Saifur Rahman ACAMr Mohammad Ibrahim Khalil FCAMr Md Akber Hossain Khan ACA Mr Md Boni Amin ACAMr Ramdas Howlader ACAMr Afzal Ahmed ACA Mr Rajesh Chandra Kuri ACA Mr Md Ali Akther Rezvi FCAMr Md Shariful Islam ACAMr Syed Mohammed Kowser Hossain Dr ASM Hossain Tayiab FCAMr AHM Ariful Islam ACAMr Md Kishlur Rahman FCAMr Mohammad Rostam Hosain FCAMr Md Kamruzzaman ACAMr Md Tareq Kamal ACAMr Sarker Nahidul Islam ACA Mr AKM Mesbahul Karim ACAMr Md Arshadul Kabir ACAMr Md Reajul Islam FCAMr Mohammad Zakir Hossain Mr Badal Chandra Rajbangshi FCAMr Mohammad Fakhrul Alam Patwary ACAMr Md Anisur RahmanMr Md Abdullah-Al-Amin ACA

Visiting Faculties(for Ongoing Session)

Name of Visiting FacultiesMr. Kamrul Abedin FCA Mr. Mahmudul Hasan Khusru FCAMr. Adeeb Hossain Khan FCAMr. ABM Azizuddin FCAMr. Anwaruddin Chowdhury FCAMr. A S M Nayeem FCA Mr. Muhammed Farhad Hussain FCAMr. Md Humayun Kabir FCAMr. Md Syful Islam FCAMr. Md Abdus Salam FCAMr. A F Nesaruddin FCAMr. Gopal Chandra Ghosh FCA Mr. Mostafa Kamal FCAMr. Md Mahamud Hosain FCA

Mr. Masud Khan FCA-IndiaMr. Abdul Khalek FCA Mr. Md Amirul Islam FCAMr. Md Akbar Hossain FCA Mr. Sabbir Ahmed FCA (E-770) Mr. Mohammad Mehedi Hasan FCA Mr. Ajit Kumar Paul FCAMr. Md Abu Bakar FCA Dr. Jakerul Abedin Mr. Syed Mohammed Kowser HossainMr Muhammed Asaduzzaman NurMr Abdullah Al YousufMr Mohammad Zakir HossainMr. Md Jehad UddinMr Md Jashim Uddin AhmedMr. A H Mostafa Kamal Khan

Announcement(Classes of Next Session)

The New Session (March-May 2017)

for the Students of Professional

Stage-Applicaation Level (14th

Batch) and Advanced Stage (13th

Batch) will commence from Tuesday,

01 March 2017 at ICAB Academic

Campus, 51-53, Kazi Nazrul Islam

Avenue, Kawran Bazar Commercial

Area, Dhaka-1215. A Notice has

already been issued in this matter

and all the concerned students are

advised to enroll the classes by 23

February 2017, and join the session

accordingly. Onthe other hand, day

time classes for Knowledge Level (1st

Batch) are going to be held from

Monday, 01 February 2017 at ICAB

Academic Campus. By issuing

a-special notice, all practicing

members of the Institute entitled to

train articled students have

requested to kindly notify their

students to enroll the classes by 31

January 2017, and permission to the

stdents to attend the day shift classes

within the schedule in the interest of

the Profession.

Source: ICAB Campus

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December 2016No. 326

Name of Resource Persons(Section- A-I of PS-KL-15th Batch)

Mr Abdullah-Al-Mamun FCAMr Md Al- Amin Siddiki FCA Mr Kamruzzaman FCA Mr Kutub Uddin Ahmad FCA Mr Nirmol Chandra Sarker FCA

Mr Md Ziaul Alam ACAMr Shankar Chandra Karmaker FCAMr Uttam Kumar Saha FCA Mr Md Mahamud Hosain FCAMr Jone Kumer Gupta FCA Mr Md Amirul Islam FCAMr Abdulla-Al-Mahmud FCAMr Md Raghib Ahsan FCA

Mr Gopal Chandra Ghosh FCAMr Sajib Sarkar ACA Mr Faker Ahmed FCAMr Md Farhad Husain Suman ACA Mr Sayeed Ahmed FCAMr Muhammed Forkan Uddin FCA Mr Zakir Hossain FCA Mr Md Din Islam Miah FCA

BRAC University Team visit ICAB

A meeting between ICAB President Kamrul Abedin FCA and Professor Dr. Rahim B. Talukdar, and Lecturer Mr. Sumon Paul of BRAC Business School, BRAC University was held at ICAB on 15 December 2016. In the meeting the discussion encompassed ongoing talent hunting programme at the different universities and ICAB’s exemption policies. The BRAC delegates expressed their interest to arrange such programmes at BRAC University premises to make aware the students about the CA profession and ICAB’s exemption policies for the brightest students in CA study.

Courtesy call on Planning Minister, GoB

ICAB delegation led by ICAB President Kamrul Abedin FCA paid a courtesy call on AHM Mustafa Kamal FCA, Minister, Ministry of Planning, GoB at Planning Commission at Agargaon, Dhaka on 12 December 2016. The other members of the delegation were Vice Presidents Mahmudul Hasan Khusru FCA, Council Members Dewan Nurul Islam FCA, Mostafa Kamal FCA, Md. Mahamud Hosain FCA and Secretary AKM Rahmat Ullah FCA. They discussed about professional matters relating to the development of CA profession.

Admission as FellowsThe following members have been admitted as Fellows of the Institute with effect from the dates mentioned against respective names:

Name Effective DateMr. Md. Maskur Reza FCA (921) 05 December 2016House # 13, Road # 7/CApartment # A/2,Sector # 3, UttaraDhaka-1230

Mr. Muhammad Khatibur Rahman FCA (1294) 18 December 2016Niloy MansionHouse # 11Road # 113/AGulshan-2Dhaka-1212

Mr. Md. Mosharof Hossain FCA (1319) 20 December 2016Niloy Mansion, House # 11Road # 113/AGulshan-2, Dhaka-1212

New Branch"M/s. Nurul Faruk Hasan & Co.," Chartered Accountants has been permitted to open a New Branch at Dhaka with Mr. Md. Nurul Haque FCA (573) as Partner and Branch-In-charge to practice as Public Accountant. Details are as follows:

Name and Address Effective DateM/s. Nurul Faruk Hasan & Co. 18 December 2016Chartered AccountantsVertex ProminentGA-16/1Mohakhali (1st Floor)Dhaka-1212

Permission to Join as PartnerMr. Md. Mostain Billah FCA (1028) and Mr. Anjan Kumer Roy FCA (1175) has been permitted to form

partnership and continue practice under the name and

style of:

Name Effective DateMak & Co. 01 November 2016

Chartered Accountants

BSEC Bhaban (Level 11)

102, Kazi Nazrul Islam Avenue

Dhaka-1215

The other partner of the Firm: Mr. Mohammad Ali Kawsar FCA (1290).

Change of office AddressName and New Address Effective Date

M/s. Mak & Co. 01 November 2016

Chartered Accountants

BSEC Bhaban (Level 11)

102 Kazi Nazrul Islam Avenue

Kawran Bazar, Dhaka-1215Re-print

Mr Mohammad Abdul MatinMr Mohammed Zakaria FCAMr Muhammad Abu Hanif Meah ACAMr Mohammad Redwanur Rahman FCA Mr Parymal Kumer Sarker ACAMr Shaheduzzaman Choudhury FCAMr Shahriar Istiaq Halim FCAMr Mohammad Monowar Hossain ACA Mr K S Omar Faruk ACA Mr Mahmudul Hasan Khusru FCA Mr Md Mohiuddin Ahmed FCAMr Shyamal Krishna Roy FCAMr Abdullah Al YousufMr Mohammed Ariful Hoque FCAMr Md Fokrul Islam FCAMr Shafiq Musharrof FCAMr Shib Pada Dey FCA Mr G S Ashiqur Rahman Bhuyian FCAMr Masud Parvez FCAMr Amanat Ahmed ACAMr Masud Khan FCA-IndiaMr Abdul Hamid FCAMr Md Razib Hossain ACA Mr Snehasish Barua FCAMr Yasin Miah FCA Mr Miltan Bepari ACAMr Palash MallikMr Md Ebadat Hossain Bhuiyan FCAMr Ajit Kumar Paul FCA (GT)Mr Sk. Md Tarikul Islam FCAMr Anup Kumar Sarker ACAMr Zoinul Abedin Sakil ACA Mr Md Mahedi Masud ACA Mr Md Lutfar Rahman FCA Mr Md Nasir Uddin ACAMr Ranjan Kumar Bhowmik FCMAMr Rakesh Saha FCAMr Md Wahid Murad FCAMr Tanvir Hasan FCAMr Nazmul Hussain Siddique ACAMr Shah Md Mohin Uddin ACAMr Md Shihabur Reza ACAMr Muhammad Aminul Hoque FCAMr Md Saiful Hasan ACAMr Mohammad Aslam FCAMr Abu Kamal Mohammod Pasha ACAMr S M Rahmatul Mujeeb FCAMr Md Fuad Uddin Khan ACAMr Abu Hena Mustafa Kamal ACAMr Mahbub Alam ACAMr Md Jashim Uddin AhmedDr Jakerul Abedin Mr S M Ashfaqur Rahman ACA Mr MAKH Hasif Sowdagar FCAMr Md Amran Hossan ACAMr Obaidur Rahman FCA

Mr Muhammad Kamruzzaman ACAMr Chitta Ranjan Halder FCAMs Tasnuva Ahmed ACAMr Ruhul Amin ACA Mr Sujan Kumar Saha ACAMr Shibly Ahmed FCAMr Shadhan Chandra Das FCAMr Md Selim Reza FCAMr Rajesh Kumar Yadav FCAMr A.B.M. Ahasan UllahMr Afratul Kawsar ACAMs Naima Sultana ACAMr Md Saifur Rahman ACAMr Mohammad Ibrahim Khalil FCAMr Md Akber Hossain Khan ACA Mr Md Boni Amin ACAMr Ramdas Howlader ACAMr Afzal Ahmed ACA Mr Rajesh Chandra Kuri ACA Mr Md Ali Akther Rezvi FCAMr Md Shariful Islam ACAMr Syed Mohammed Kowser Hossain Dr ASM Hossain Tayiab FCAMr AHM Ariful Islam ACAMr Md Kishlur Rahman FCAMr Mohammad Rostam Hosain FCAMr Md Kamruzzaman ACAMr Md Tareq Kamal ACAMr Sarker Nahidul Islam ACA Mr AKM Mesbahul Karim ACAMr Md Arshadul Kabir ACAMr Md Reajul Islam FCAMr Mohammad Zakir Hossain Mr Badal Chandra Rajbangshi FCAMr Mohammad Fakhrul Alam Patwary ACAMr Md Anisur RahmanMr Md Abdullah-Al-Amin ACA

Visiting Faculties(for Ongoing Session)

Name of Visiting FacultiesMr. Kamrul Abedin FCA Mr. Mahmudul Hasan Khusru FCAMr. Adeeb Hossain Khan FCAMr. ABM Azizuddin FCAMr. Anwaruddin Chowdhury FCAMr. A S M Nayeem FCA Mr. Muhammed Farhad Hussain FCAMr. Md Humayun Kabir FCAMr. Md Syful Islam FCAMr. Md Abdus Salam FCAMr. A F Nesaruddin FCAMr. Gopal Chandra Ghosh FCA Mr. Mostafa Kamal FCAMr. Md Mahamud Hosain FCA

Mr. Masud Khan FCA-IndiaMr. Abdul Khalek FCA Mr. Md Amirul Islam FCAMr. Md Akbar Hossain FCA Mr. Sabbir Ahmed FCA (E-770) Mr. Mohammad Mehedi Hasan FCA Mr. Ajit Kumar Paul FCAMr. Md Abu Bakar FCA Dr. Jakerul Abedin Mr. Syed Mohammed Kowser HossainMr Muhammed Asaduzzaman NurMr Abdullah Al YousufMr Mohammad Zakir HossainMr. Md Jehad UddinMr Md Jashim Uddin AhmedMr. A H Mostafa Kamal Khan

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December 2016 No. 326

Accounting’s biggest firms have smashed through the £12bn fee income barrier, according to the 2016 Accountancy Age Top 50+50 Survey.

The survey, supported by Sage, reveals the Top 50 firms increased their fees to £12.8bn, up nearly a billion pounds from £11.9bn in 2015.

The Big Four firms, Deloitte; EY; KPMG; and PwC, once again drove up the

figures. Their combined fee income was £9.8bn, up from £9.1bn a year earlier.

Life isn’t all rosy for the profession. A fifth of the Top 50+50 (all 100 firms) saw their fee

income fall, or grow by less than 5%. One in ten of the firms were new entrants into the table, indicative of ongoing merger and acquisition activity taking place in the market.

KPMG scoops Dorcaster audit

KPMG has been appointed with “immediate” effect as the auditor of Dorcaster. The role has been scooped from the previous auditors, RSM UK, who resigned as the auditor of the company. Dorcaster is a listed investment vehicle.

The latest audit win for KPMG is less high profile than its most recent victory, that of Legal and General. The Big Four firm was named top listed company auditor in the autumn Adviser Rankings.

Audit changes have ramped up since it became clear that mandatory tendering and rotation would come into effect, which it did this summer.

CRC-ICAB Elects Chairman and Secretary

for 2017Chittagong Regional Committee has been formed in a meeting of Chittagong Regional Committee of the Institute of Chartered Accountants of Bangladesh (ICAB) held on 31 December 2016 at Conference Hall of ICAB-Chittagong Regional Office under the Chairmanship of Arup Chowdhury FCA.

New formed Committee as follows:

Mohammed Reazul Kabir FCA and Imran Abu Hasan FCA have been elected as the Chairman and the Honorary Secretary of CRC-ICAB respectively for the year 2017.

Other members of CRC-ICAB Committee are Md. Kamrul Hasan FCA and Arup Chowdhury FCA .

Meeting with the President, CMA Sri Lanka

Prof. Lakshman Ravendra Watawala FCA, President CMA Sri Lanka paid a courtesy call on ICAB President Kamrul Abedin FCA on 20 December 2016 while ICAB Secretary AKM Rahmat Ullah FCA was present.

Accountancy Age Reports

UK’s top accounting firms smash through £12bn fee income barrier

An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance. The Counter Avoidance Directorate (CAD) has collected £886m through investigations into tax avoidance schemes over 2015 to 2016. This is an 80% increase compared to the £494m collected over the past 12 months, said law firm Pinsent Masons. Paul Noble, tax director at Pinsent Masons, said: “The CAD has significantly boosted tax take this year, and it is likely that HMRC and the

Treasury will continue to pour resources into its work. After criticism for the backlog of unresolved cases, HMRC have sought to sharpen their approach.”

Tackling tax avoidance has become a priority over recent years due to high profile cases. Therefore, the government is expected to build on the successes following cases such as the Panama Papers scandal, according to Pinsent Masons. It established the CAD in April

2014, with their work undertaken providing the related figures.

A range of government proposals in recent months has targeted individuals, and those who enable or assist them. It was announced that further measures such as penalties for accountants, tax planners and advisors would be included in the Finance Bill 2017, as well as for “serial tax avoiders” from which some successes have been publicised.

Tax avoidance crackdown sees 80% jump in addl. HMRC revenue

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December 2016No. 326

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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: +880-2-9125266, E-mail: [email protected], Website: www.icab.org.bd

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