Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh Number 333

Transcription

1 ICAB NEWS BULLETIN Monthly News Briefing from the Institute of Chartered Accountants of Bangladesh Number 333 ICAB Team Paid a Courtesy Call on C. Q. K. Mustaq Ahmed, Chairman of Financial Reporting Council (FRC) ICAB Team Paid a Courtesy... Council (FRC) ICAB Delegates Participated...IDF Project Online CPD Programme Teleconference between ICAB and CA Worldwide President s Communication Campus News UHY Global Depicts Syful Islam...of ICAB CRC-ICAB Organized CPD... of Leadership Council Member Md. Shahadat...Prime Minister News from IFAC Website Admission as Associate Admission as Fellows Permission to Join as Partner Change of office Address News from IFAC Website Accountancy Age Reports MOODLE: e-learning & Learning...System (LMS) Meetings of Sub- Committees of RCPAR Report on Disciplinary Actions Records of Trainings/ Workshops... ICPE Ateam of ICAB headed by President Adeeb Hossain Khan FCA paid a courtesy call on C. Q. K. Mustaq Ahmed, the first chairman of Financial Reporting Council (FRC) on 17 at latter s office. The other members of the team were ICAB Vice President Mostafa Kamal FCA, Past President & Council Members M Farhad Hussain FCA & Kamrul Abedin FCA, Secretary Major General Mohammad Imrul Quayes (Retd) and Director (Technical) Mahbub Ahmed Siddique FCA. They discussed various professional matters, future course of actions and structural formation of newly formed Financial Reporting Council(FRC), etc. The FRC Chairman requested ICAB team for necessary cooperation for smooth functioning of the oversight body. The office of the FRC, is temporarily located in Dhaka's Kakrail area. Mr Ahmed, along with a few high officials of the finance division, joined the FRC office few months back. The Chairman informed that he has a plan to arrange the maiden meeting of the Council very soon and it may undertake some major decisions on dealing with things on this important front. He also requested that ICAB would come up in the meeting with proposals and guidelines for functioning of the FRC. He said that FRC wants to develop good partnership with the members of the ICAB so that it could work for the best audit practices in the country. The law of the watchdog organisation, passed in Parliament sometime in 2015, provides for promoting the highest standards among auditors, enhancing credibility of financial reporting and improving quality of accounting and audit services. Representatives at the Institute of Chartered Accountants of Bangladesh (ICAB) welcomed the new chairman and said they would work together for development of the accounting practices in the country. We Mourn 16 ISSN

2 FROM THE DESK OF CHAIRMAN EDITORIAL BOARD Dear Fellow Members and Friends, Assalamu alaikum and greetings to you all. ICAB has achieved significant successes in many areas, and I hope certainly it is on the route to achieve excellence. It has made eventful progress in education, training, setting standards, quality assurance, IT, infrastructure, management, professional conduct and in other relevant areas. We have also identified untapped areas where ICAB needs to concentrate immediately. This includes the need to attract high-quality graduates to this profession. And considering that as the most coveted area of concentration, ICAB has taken various initiatives to attract the high quality students of reputed universities and professionals of different professional institutes in the CA Profession. Accordingly, ICAB has developed Credit for Prior Learning (CPL) policy; under this policy it has signed MOU with two universities and working on this issue with several others. ICAB is also going to organize some grand programs in near future to uphold the image of CA Profession and attract brilliant students. ICAB has entered into the era of Financial Reporting Council (FRC). Now we should focus on a functional and effective FRC and mutually collaborative role of all the stakeholders to achieve the intended results. Moreover, it appears that to function properly, the newly formed FRC would have to be in close contact with ICAB for its years long experience and skills. Very recently the President-ICAB and his team made a courtesy visit to the office of Mr. C. Q. K. Mustak Ahmed, Chairman, FRC. There was discussion on various issues like future course of actions, structural formation of the newly formed Council, etc. The ICAB team assured him of our cooperation. ICAB is always ready to work with them, and the combined effort will ensure the development of the profession and the nation at large. We are entrusted ourselves for inspiring business confidence in Bangladesh. ICAB is always in favor of any rational and implementable positive changes for the greater benefit of the nation and the profession, and it would continue to do so always. With warmest regards to you all. Dr. Jamshed S A Choudhury FCA ICAB Delegates Participated in Meeting with World Bank re Closure of IDF Project Delegates from ICAB participated in a meeting with the World Bank at its Dhaka Office on 13. The ICAB delegation was comprised of Vice Presidents Mostafa Kamal FCA & Mahamud Hosain FCA, Council Members Dewan Nurul Islam FCA, Md. Shahadat Hossain FCA, Mahmudul Hasan Khusru FCA, Secretary Maj Gen Muhammad Imrul Quayes (Retd.), Project Director & former Secretary AKM Rahmatullah FCA, Project Consultant & Fellow Member Burhanuddin Ahmed FCA, Director (Technical) Mahbub Ahmed Siddique FCA, Senior Deputy Director Md. Saiful Islam FCA, Deputy Directors Yesmin Hosna FCA & Ayesha Rahman FCA and Database System Manager Mohammad Delowar Hossain. From the WB, Lead Financial Management Specialist Suraiya Zannath Khan FCA and Financial Management Specialist Mohammad Atikuzzaman FCA were present in the meeting. The meeting was convened for formal closure of Investment Development Fund (IDF) project Strengthening Online CPD Programme Online CPD Programme is one of the important features of ICAB ERP Project, it enables members to participate and earn credit hours through online especially who can t be present in member conference physically. During the last couple of months of year three (03) member conferences were held and three Online CPD Programmes were conducted following those member conferences. Significant number of members attended in online CPD Programme successfully and earned credit hours. Online CPD module of ERP Financial Reporting Framework and Audit Practice. The meeting expressed full satisfaction over successful implementation of the project by ICAB which was started from July Earlier in a programme at Hotel Pan Pacific Sonargaon, Project Advisor Burhanuddin Ahmed FCA made a presentation on the outcome of the project and it was highly appraised by the audience. The World Bank had emphasized on the E-Learning, which was one of the component of the project. Under this project, ICAB introduced E-learning in its academic campus. As a result, students do not require to be present in classroom physically. They can learn their lessons from the remote areas through ICAB E-learning system. Upon satisfactory implementation of the project, Suraiya Zannath Khan FCA advised that ICAB should dig out the areas where ICAB and WB could work under a new project specially on improvement of audit practices in the country and the matters connected therewith. project is functioning smoothly, steps for participating in online CPD are mentioned below: Step-1: Please log in using your enrollment no and password (default password is , you can change the password) Step-2: After login you will have a dashboard and a menu at left side with Upcoming CPD tab. Step -3: Then you will have a list of CPD Programme available to participate as online CPD. 2

3 Clicking on View you will have the resources like presentation, keynote papers, audio-video etc. to gather knowledge on respective CPD topic. Clicking on Apply you will be registered for this CPD program. Step-4: After clicking on Apply a message will appear showing you registered for this CPD Program Step -5: Again clicking on View button you will have a quiz (Go for Quiz) Step-5: After clicking on Go for Quiz you will enter into the quiz process showing some instruction about the quiz. After clicking on Strat Quiz, quiz will be started. Members from Chittagong Regional Committee are participating in Online CPD Seminar. Step-6: You will have to select correct answer and submit for each question then next question will appear. Step-7: After completing the quiz, you will get an notification having a certificate for successful participation. Teleconference between ICAB and CA Worldwide Ateleconference between ICAB and CA Worldwide (CAW) on induction with ICAB relating to its membership was held on 12. Ruth Hidalgo, Senior Manager, CA Worldwide and ICAB President Adeeb Hossain Khan FCA were representing their respective organizations. Besides, ICAB Secretary Maj Gen Mohammad Imrul Quayes (Retd) and Director (Technical) Mahbub Ahmed Siddique FCA were also present during the conference. Mr. Hidalgo welcomed ICAB team and briefed about the background of CA Worldwide including business plan 2017, CAW branding, its membership and associates strategies and objectives, key meetings & events like board meeting, CEO meeting, benefits and individual membership of CAW, etc. CAW also focused on ICAB s participation in upcoming event; CEO meeting in August in Mumbai hosted by The Institute of Chartered Accountants of India(ICAI). Adeeb Hossain Khan FCA briefed about the Institute. He emphasized on the common areas where ICAB and CAW could work together in coming days to build awareness among chartered accountants wherever they are around the world as the chartered accountant designation is globally recognized in accountancy, finance and business arena. 3

4 President s Communication Dear Fellow Members, Assalamu Alaikum and greetings to you all. My dear colleagues and fellow members of the Institute, I have passed seven months of my presidency and they have been quite eventful. Only when one sites in this "Chair does one realise the amount of effort office bearers and executive team have to put in just keep everyday operations going. My heartfelt gratitude to the members of the Council and the executive team for their support and tireless efforts. Let me update you on the important activities in the month of July. A teleconference between ICAB and CA Worldwide (CAW) was held on 12 July 2017 where Ms. Ruth Hidalgo, Senior Manager, CA Worldwide and I had a conversation on various professional issues. ICAB Secretary Maj Gen Mohammad Imrul Quayes (Retd) and Director (Technical) Mahbub Ahmed Siddique FCA were also present during the conference. Ms. Hidalgo briefed about the background of CA Worldwide including business plan 2017, branding of CAW, its membership & associates strategies and objectives, key meetings & events like board meeting, CEO meeting, benefits and individual membership of CAW, etc. She also focused on ICAB s participation in upcoming event like CEO meeting in August in Mumbai hosted by The Institute of Chartered Accountants of India (ICAI). I briefed about ICAB and put emphasis on the common avenues for working together in coming days. I believe our collaboration with CAW will take ICAB to greater heights in the years to come. To discuss various professional matters, I led an ICAB delegation to a courtesy call on C. Q. K. Mustaq Ahmed, the first chairman of Financial Reporting Council (FRC) on 17 July 2017 at his office. The other members of the delegation were ICAB Vice President Mr. Mostafa Kamal FCA, Past Presidents & Council Members Mr. M Farhad Hussain FCA & Mr. Kamrul 4

5 Abedin FCA, Secretary Major General Mohammad Imrul Quayes (Retd) and Director (Technical) Mr. Mahbub Ahmed Siddique FCA. We discussed future course of actions and structural formation of newly formed Financial Reporting Council (FRC), etc. The FRC Chairman requested ICAB for necessary cooperation for smooth functioning of the oversight body. We welcomed the new chairman and said we shall work together for development of financial reporting in the country. A Delegation from ICAB participated in a meeting with the World Bank at its Dhaka Office on 13 for formal closure of Investment Development Fund (IDF) project Strengthening Financial Reporting Framework and Audit Practice. The meeting expressed full satisfaction over successful implementation of the project by ICAB which started in July Earlier in different event at Hotel Pan Pacific Sonargaon, Project Advisor Mr. Burhanuddin Ahmed FCA made a presentation on the implementation of the project and it was highly appraised by the audience. Lead Financial Management Specialist Ms. Suraiya Zannath Khan FCA and Financial Management Specialist Mr. Mohammad Atikuzzaman FCA were present in the meeting. Ms. Suraiya Zannath Khan FCA advised ICAB to explore new avenues where ICAB and WB could work together under a new project especially on improvement of audit practices in the country and the matters connected therewith. The ICAB delegation was comprised of Vice Presidents Mr Mostafa Kamal FCA & Mr Mahamud Hosain FCA, Council Members Mr Dewan Nurul Islam FCA, Mr Md. Shahadat Hossain FCA, Mr Mahmudul Hasan Khusru FCA, Secretary Maj Gen Muhammad Imrul Quayes (Retd.), Project Director & former Secretary Mr AKM Rahmatullah FCA, Project Consultant & Fellow Member Mr Burhanuddin Ahmed FCA, Director (Technical) Mr Mahbub Ahmed Siddique FCA. 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 : Standing Committees: - 7th Meeting of the Investigation & Disciplinary Committee (IDC) was held on 15 at 11:00 am. - 3rd Meeting of the Human Resource (HR) Committee was held on 17 July 2017 at 5:30 pm. - 11th Meeting of the Council was held on 25 at 4:00 pm. - 2nd Meeting of the Technical Research Committee (TRC) was held on 26 at 5:30 pm. Non-standing Committee: - 4th Meeting of the Information & Communication Technology Committee (ICTC) was held on 12 at 5:30 pm. Standing and Non-standing Sub-committees: - 1st Meeting of the Working Group regarding Public Sector & Corporate and Business Houses and liaison with different Ministries, Govt and Chamber Bodies of Professional Development Committee (PDC) was held on 11 at 5:30 p.m. - 2nd Meeting of the Working Group on Professional issues related to Non-Government Organization (NGOs) and MFIs of Professional Development Committee (PDC) was held on 12 at 6:00 pm. - 5th Meeting of Renovation Committee was held on 13 at 3:00 pm. - 1st Meeting of the Working Group on Professional issues related to Banks and Financial Institutions of Professional Development Committee (PDC) was held on 17 at 6:00 pm. - 2nd Meeting of the ERP Project Steering Committee of Information & Communication Technology Committee (ICTC) was held on 19 at 6:00 pm. - 3rd Meeting of the Working Group on exploring job opportunity for professionals and combating/addressing professional threats of Professional Development Committee (PDC) was held on 26 at 6:00 pm. - 1st Meeting of NGO Sub-committee of Review Committee for Published Accounts & Reports (RCPAR) was held on 30 at 5:30 pm. - 1st Meeting of Information & Communication Technology Committee (ICTC) was held on 31 at 3:30 pm. With best wishes to all Adeeb Hossain Khan FCA President 5

6 ICAB Academic Campus News The Pre-examination Classes for Professional Stage-Knowledge Level (16th Batch, Sections: A-H) which were started from 12 June 2017, for Examination Session: November- December 2017 at ICAB Academic Campus, will now be concluded on 31 August There are 472 students joining with 113 teachers for the Class Session: June-August As a result, the cumulative number of participated students of ICAB under new curriculum has arisen at 13,433, till July 31, The regular classes for the students of Professional Stage-Application Level (15th Batch) & Advanced Stage (14th Batch) would commence from Sunday, 03 September 2017 at ICAB Academic Campus, 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Area, Dhaka A Notice has already issued in this regard and all the concerned students are advised to enroll the classes by 29 August 2017 at Campus and adhere the session accordingly. On the other hand, day time classes for Knowledge Level (2nd Batch) are going to be held from Thursday, 10 August 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 08 August 2017, and permission to the students to present at the day shift classes within delimited schedule in the interest of the CA profession. Within the month of, the Vice President (Education and Training) of the Instyitute, Mr. Mostafa Kamal FCA has visited the ICAB Academic Campus on 03, 08, 14, 22 & 25, during the class-hour in the evening shift and Fridays' day time 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. Besides, the refurbishments of ICAB Academic Campus at 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Area, Dhaka-1215, have mostly done, and the rest of works of mezzanine floor would be completed by August The Programme and Session have been organised by the Additional Director & Team at ICAB Academic Campus, under the supervision of the Vice President (Education & Training)-ICAB, Mr. Mostafa Kamal FCA, with the guidance and consent of the Chairman, Board of Studies-ICAB, Mr. ABM Azizuddin FCA & President of ICAB, Mr. Adeeb H. Khan FCA. Resource Persons: ICAB Academic Campus (June-August 2017) Name of Resource Persons (Sections- A-H of PS-KL-16 th Batch, Evening Shift) Abdullah-Al-Mamun FCA Md Al- Amin Siddiki FCA Kamruzzaman FCA Muhammad Aminul Hoque FCA Md Ziaul Alam ACA Md Mahedi Masud ACA Abdul Hamid FCA Afzal Ahmed ACA Md Mahamud Hosain FCA Jone Kumer Gupta FCA Md Amirul Islam FCA Abdulla-Al-Mahmud FCA Md Raghib Ahsan FCA Gopal Chandra Ghosh FCA Md Kamruzzaman ACA Chitta Ranjan Halder FCA Tasnuva Ahmed ACA Sayeed Ahmed FCA Muhammed Forkan Uddin FCA Zakir Hossain FCA Nasreen Begum (GT) Mohammad Abdul Matin Mohammed Zakaria FCA Muhammad Abu Hanif Meah ACA Mohammad Redwanur Rahman FCA G S Ashiqur Rahman Bhuiyan FCA Faker Ahmed FCA Md Farhad Husain Suman ACA K S Omar Faruk FCA Rajesh Chandra Kuri ACA Mahmudul Hasan Khusru FCA Md Mohiuddin Ahmed FCA Yasin Miah FCA Md Selim Reza FCA Mohammed Ariful Hoque FCA MAKH Hasif Sowdagar FCA Md Amran Hossan ACA Shib Pada Dey FCA Anup Kumar Sarker ACA Md Akber Hossain Khan FCA Md Boni Amin ACA Masud Khan FCA-India Sujan Kumar Saha ACA Shibly Ahmed FCA Md Razib Hossain ACA Dr Jakerul Abedin AHM Ariful Islam FCA Md Ebadat Hossain Bhuiyan FCA Ajit Kumar Paul FCA (GT) Mohammad Ibrahim Khalil FCA Md Saifur Rahman ACA Sarker Nahidul Islam ACA AKM Mesbahul Karim ACA Shankar Chandra Karmaker FCA Uttam Kumar Saha FCA Ranjan Kumar Bhowmik FCMA Rakesh Saha FCA Wahid Murad FCA Tanvir Hasan FCA Nazmul Hussain Siddique ACA Md Fokrul Islam FCA Naima Sultana ACA Obaidur Rahman FCA Muhammad Kamruzzaman ACA Shaheduzzaman Choudhury FCA 6

7 Shahriar Istiaq Halim FCA Mohammad Imtiaz Khan FCA Md Arshadul Kabir ACA AKM Mesbahul Karim ACA Md Ali Akther Rezvi FCA Md Shariful Islam ACA Md Din Islam Miah FCA Miltan Bepari FCA Palash Mallik Md Mahsudur Rahman FCA Md Kishlur Rahman FCA Mohammad Rostam Hosain FCA Shah Md Mohin Uddin ACA Sk. Md Tarikul Islam FCA Md Tareq Kamal ACA Md Abdur Razzaque FCA Maria Howlader FCA Syed Adnan Huda, CFA Md Lutfar Rahman FCA S M Rahmatul Mujeeb FCA Mohammad Monowar Hossain ACA Md Reajul Islam FCA Md Jashim Uddin Ahmed Syed Mohammed Kowser Hossain Dr ASM Hossain Tayiab FCA S M Ashfaqur Rahman ACA Mazhar Khan Md Anisuzzaman FCA Md Shihabur Reza ACA Afratul Kawsar ACA S M Ashfaqur Rahman ACA Kutub Uddin Ahmad FCA Md Saifur Rahman ACA Sajib Sarkar ACA Mohammad Abdur Rahim ACA Anup Kumar Mukherjee FCA Amanat Ahmed ACA Manish Kanti Sarkar ACA Toufique Hossain ACA Ruhul Amin ACA Md Nasir Uddin ACA Abu Hena Mustafa Kamal FCA Mahbub Alam ACA Snehasish Barua FCA Badal Chandra Rajbangshi FCA Rajesh Kumar Yadav FCA Mohammad Fakhrul Alam Patwary ACA Abdullah Al Yousuf A.B.M. Ahasan Ullah Visiting Faculties (for Ongoing Session) Name of Visiting Faculties Adeeb H. Khan FCA Mostafa Kamal FCA UHY Global Depicts Syful Islam, Past President of ICAB UHY Global, June 2017 issue, a half yearly magazine published the life sketch of Syful Islam FCA, Past President of ICAB covering his memories in early days with his insightful thoughts, his attitudes towards career in chartered accountancy, achievements and definitely about his family. The magazine usually covers global topics with a local perspective. It has worldwide network with members firms in over 95 countries. To find out more about UHY Syful Shamsul Alam & Co., visit Md Mahamud Hosain FCA Moddassar Ahmed Sidique FCA ABM Azizuddin FCA Anwaruddin Chowdhury FCA A S M Nayeem FCA Muhammed Farhad Hussain FCA Md Humayun Kabir FCA Md Syful Islam FCA Md Abdus Salam FCA Kamrul Abedin FCA Gopal Chandra Ghosh FCA A F Nesaruddin FCA Mahmudul Hasan Khusru FCA Masud Khan FCA-India Abdul Khalek FCA Md Amirul Islam FCA Md Akbar Hossain FCA Sabbir Ahmed FCA (E-770) Mohammad Mehedi Hasan FCA Nasreen Begum Ajit Kumar Paul FCA Md Abdur Rouf Md Abu Bakar FCA Dr. Jakerul Abedin Syed Mohammed Kowser Hossain Muhammed Asaduzzaman Nur Abdullah Al Yousuf Md Zakir Hossain Md Jehad Uddin Md Jashim Uddin Ahmed A H Mostafa Kamal Khan Announcement (Classes of Next Session) The New Session (September- November 2017) for the Students of Professional Stage-Applicaation Level (15th Batch) and Advanced Stage (14th Batch) will start from Sunday, 03 September 2017 at ICAB Academic Campus, 51-53, Kazi Nazrul Islam Avenue, Kawran Bazar Commercial Area, Dhaka A Notice has already issued in this matter and all the concerned students are advised to enroll the classes by 29 August 2017 at Campus and join the session accordingly. Onthe other hand, Day Time Classes for Knowledge Level (2nd Batch) are going to be held from Thursday, 10 August 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 08 August 2017 and permission to the stdents to attend the day shift classes within surrounded timetable in the interest of the CA Profession. Source: ICAB Campus 7

8 CRC-ICAB Organized CPD Seminar on Basic Concepts of Leadership Chittagong Regional Committee (CRC) of ICAB organized a CPD Seminar on Basic Concepts of Leadership on 8 at the Ichamati Hall at Hotel Agrabad, Chittagong. Major Md Saimon Sikder, Instructor, East Bengal Regimental Centre of Bangladesh Army presented the key note paper. Moize Hossain, Group Advisor, BSRM Group of Companies and former senior vice president of Bank of America, USA was the Special Guest of the seminar. Showkat Hossain FCA, Partner, Hoda Vasi Chowdhury & Co., Chartered Accountants conducted the session as Session Chairman. A panel discussion was held thereafter. Council Member Md. Shahadat Hossain in a Meeting with the Prime Minister National Wages and Productivity Commission 2015 submitted its report to hon ble Prime Minister Sheikh Hasina on 4. State Minister for Labour and Employment Mujibul Haque Chunnu, MP, Commission Chief N I Khan and Member Md. Shahadat Hossain FCA, among others were present in the meeting with the Prime Minister in her office. After seven months the National Wages and Productivity Commission submitted the reports. In completion of the report the contribution of Mr. Hossain was highly appraised by the commission chief. The Prime Minister said it would ensure the labour rights in Bangladesh. News from IFAC Website IIA elects a former PwC auditor as chair to its global board of directors The Institute of Internal Auditors (IIA) has elected Michael Peppers as chairman of the global board of directors for a one year term. Peppers is currently overseeing the internal audit functions of the University of Texas System. Prior to his work in internal audit, he was a senior auditor at PwC. CPA Ireland collaborates with IIPA CPA Ireland has announced that its members have voted to adopt the admittance and regulation of members from the Institute of Incorporated Public Accountants (IIPA) in a Constitution between the institutes. Ninety percent of the CPA Ireland members voted in favour of the motion and 95% of IIPA members voted in favour. The transfer date has been set for 1 September 2017 where members of the IIPA will be formally admitted into the new FIPA/AIPA categories of membership of CPA Ireland. IIPA audit and non-audit firms will also be authorised and regulated by CPA Ireland. Source : The Accountant, Uk 8

9 Admission as Associate The following members have been admitted as Associate of the Institute with effect from the dates mentioned against respective names: Name Effective Date Asif Zaki Chowdhury ACA (1838) 03 January 2017 Manager Ernst & Young LLP 1 More London Place, SE1 2 AF Farhad Hussain ACA (1837) 04 June 2017 Assistant Manager Rahman Rahman Huq Chartered Accountants 9 & 5 Mohakhali, Dhaka Admission as Fellows The following members have been admitted as Fellows of the Institute with effect from the dates mentioned against respective names: Name Effective Date Dhali Tanvir Ahmad Siddiqui FCA (1391) 26 April 2017 House # 497 (2 nd Floor) Block-C, Khilgaon Dhaka Md. Abu Nafiz FCA (1377) 30 April 2017 Deputy Operative Director-Head of Internal Audit Walton Group, Printers Building (Level-11) 5 Rajuk Avenue, Motijheel C/A Dhaka-1000 Kazi Md. Zafrullah FCA (1398) 02 May Bir Uttam Mir Shawkat Sarak Gulshan-1, Dhaka-1212 Md. Monjurul Hassan FCA (1400) 02 May 2017 House # 28, Road # 11, Sector # 14 Uttara Model Town Dhaka-1230 Shakil Ahmed FCA (1343) 09 May 2017 Chief Financial Officer Babylon Group 2-B/1, Darussalam Road Mirpur, Dhaka-1216 Mohammad Abu Bakar Siddique 11 May 2017 Chowdhury FCA (1209) 982, East Shewrapara F 2-D (1 st floor), Dhaka-1216 Md. Selim Reza FCA (1329) 21 May 2017 Head of Internal Audit (DGM) Bashundhara Industrial Head Quarters-2 Plot # 56/A, Block-C Umme Kulsum Road, 2 nd Avenue Bashundhara R/A, Dhaka-1229 Ainun Nahar FCA (1277) 22 May 2017 STS Group House # 346(A) & 347, Road # 12, Block-D Bashundhara R/A Dhaka-1229 Name Effective Date Md. Alauddin Khan FCA (1393) 25 May , Senpara Parbota Mirpur-10 Dhaka Imam Hossan FCA (1365) 30 May 2017 Assistant Vice President- Accounts Division Dutch Bangla Bank Ltd. Sena Kalyan Bhaban Motijheel, Dhaka-1000 Mashruna A. Chowdhury FCA (1336) 06 June 2017 Diganta-3, Flat-3F 3 Murad Sarak Tikatuli, Dhaka Permission to Join as Partner Md. Anwaruzzaman FCA (1268) has been permitted to form partnership and continue practice under the name and style of: Name Effective Date M/s. Rahman Mostafa Alam & Co. 01 March 2017 Paramount Heights (7 th Floor D2 C1) 65/2/1, Box Culvert Road, Purana Paltan Dhaka-1000 The other partners of the Firm: Md. Mustafizur Rahman FCA (218), Kazi Mostafa Alam FCA (448), Arafat Kamal FCA (1184) and Mohammad Mofizul Haque Rinku FCA (1204). Permission to Start Practice The following members have been permitted to Start Practice as Public Accountants with effect from the date mentioned against their respective names: Name Effective Date Md. Anwaruzzaman FCA (1268) 01 March 2017 Partner Rahman Mostafa Alam & Co., Paramount Heights (7 th Floor D2 C1) 65/2/1, Box Culvert Road Purana Paltan Dhaka-1000 Md. Akber Hossain Khan ACA (1443) 15 May 2017 Proprietor Khan Akber & Co., Chartered Accountants House # D/1 (1 st Floor), Road # 7 Sector # 7, Uttara Dhaka-1230 Change of office Address Name and New Address Effective Date M/s. FAMES & R 26 February 2017 Chartered Accountants House # 424 (4th floor) Road # 30, Mohakhali DOHS Dhaka

10 News from IFAC Website New International Public Sector Financial Accountability Index to Stimulate PFM Reform At the Chartered Institute of Public Finance and Accountancy (CIPFA) s 2017 Conference in Manchester, UK, the International Federation of Accountants (IFAC) and CIPFA announced the launch of the Public Sector Financial Accountability Index. Developed jointly by IFAC, as part of its Accountability. Now. initiative, and CIPFA, with the Zurich University of Applied Sciences as knowledge partner, the index will be the first of its kind to provide an accurate global picture of public sector financial reporting quality. In particular, the index will provide a picture of the extent of accrual accounting and adoption of International Public Sector Accounting Standards. It will also aim to provide a better understanding of accounting and budgeting reform plans, and help stimulate public financial management (PFM) reforms. The main output will be a regularly updated country-by-country public database. It will initially focus on central government, and expand over time to include state/provincial and local government. The index will initially be populated with research data on individual countries and regions, collected by various international institutions. National standard setters will be invited to review, comment upon, and supplement the information, after which the first set of data will be made available in November The Public Sector Financial Accountability Index will provide better insight into the extent of global public financial reporting reform, and stimulate further reform, said Fayez Choudhury, IFAC Chief Executive Officer. High-quality accrual-based information that captures the entire picture of a government s finances and its funding commitments, both now and in the future, is the foundation for strong public financial management, said Rob Whiteman, CIPFA CEO. It strengthens economies, and, most importantly, builds trust with citizens. CIPFA is proud to be supporting the development of this index, which we believe will be a relevant and timely contribution to global PFM reform. Integrated Thinking & Reporting Helps Small & Medium Entities Drive Value Thinking beyond the financial elements of an organization to other key areas of value creation can help small- and medium-sized entities (SMEs) develop a better understanding of their business and provide key insights for the future. Today, it is critical for organizations to think broadly about performance and strategy, and improve communication to shareholders, investors, customers and suppliers on what drives value for the organization. Creating Value for SMEs through Integrated Thinking: The Benefits of Integrated Reporting, published today by the International Federation of Accountants (IFAC) and the International Integrated Reporting Council (IIRC), highlights how SMEs and the professional accountants serving them can benefit from integrated thinking and reporting. Integrated reporting embraces the six capitals established by the IIRC s International Integrated Reporting Framework: financial, human, intellectual, manufactured, natural, and social and relationship. Considering each holistically, organizations can build a clearer understanding of the factors necessary to build value over the short, medium, and long term, including how the business uses and effects its resources. Whether advising an organization or working within it, professional accountants are equipped with the skills and understanding to apply integrated reporting, help discover important insights, and provide stakeholders with a broader picture of how the business meets its strategic objectives. Additional resources to help professional accountants improve integrated thinking are available on the Global Knowledge Gateway, including Creating Value with Integrated Thinking: The Role of the Professional Accountant. Building a Strong, Transparent Global Economy to Inspire Confidence IFAC s Call for Action by G20 Countries Global economic stability and transparency and the rebuilding of public trust will be greatly enhanced by a determined G20 push for stronger governance across all sectors, according to IFAC the International Federation of Accountants. In advance of the G20 Summit 2017 in Hamburg, Germany on July 7-8, IFAC issued actionable recommendations for G20 countries that will support both the global economy and the G20 s 2017 objectives. Rebuilding trust in the global economy and financial systems is critical to inspiring the confidence the world needs for sustained economic growth. Especially in these uncertain times, stakeholders with a passion for transparent, accountable governance must work together, said IFAC Chief Executive Officer, Fayez Choudhury. Individuals and institutions must be empowered by strong governance; fortified by a consistent, transparent regulatory environment; and enabled by access to a high-speed, secure digital environment. 10

11 Accountancy Age Reports PwC fined $1m over Merrill Lynch audit The Public Company Accounting Oversight Board (PCAOB) has fined PwC $1m ( 760,000) over its 2014 audit of Merrill Lynch. The US-based watchdog levied this fine following PwC s failure to observe rules relating to customer protection when auditing Merrill-Lynch. The Security and Exchange Commission (SEC) s customer protection rules require broker-dealers such as Merrill-Lynch to hold certain customer securities in a segregated account free of liens, which is aimed at protecting customer securities from claims by creditors. PwC sued by NHBC for 35m in tax dispute The National House Building Council (NHBC) is suing its auditor PwC for 35m, over allegations the Big 4 firm failed to disclose that the council was overpaying corporation tax. NHBC alleges that PwC did not inform them of a change in law in 2005, which meant the council was no longer required to pay tax for increases in the value of substantial investments in index-linked, gilt-edged securities. The council, which is a provider of insurance for new homes, says it overpaid corporation tax by 41.46m over a decade, until PwC alerted them of their overpayments in March Although the council has been able to reclaim 13.8m from HMRC, a large chunk of the overpaid taxes cannot be claimed as the four-year claim period for tax errors has expired. The case has been brought to the Commercial Court, with NHBC aiming to reclaim the outstanding 27.6m and 7.3m in interest. This legal action is the latest blow to the Big 4 firm, who have recently been dropped as Wetherspoon s auditor and had their bank auditing rights revoked in Ukraine. FRP Advisory announces merger with BWC FRP Advisory, business advisory firm, has announced a merger into the partnership of BWC, a firm of independent corporate recovery and insolvency specialists based in Yorkshire and Teeside. The merger bolsters FRP Advisory s presence in the north by creating a power-house of independent restructuring advisors, and also adds a new office in Teeside for the firm. FRC launches investigation into Deloitte s audits of Mitie The Financial Reporting Council (FRC) has launched an investigation into Deloitte s auditing of FTSE 250 company Mitie s accounts. The FRC confirmed they were looking into whether there had been any breaches of relevant requirements in relation to the statutory audits for the full years If the FRC finds wrongdoing, Deloitte could face an unlimited fine. Wetherspoons to replace PwC as auditor J D Wetherspoon will replace PwC as its auditor, terminating a 34 year relationship. The pub chain confirmed that after a competitive tender process it is recommending Grant Thornton, top 5 firm, to its shareholders as replacement auditor. PwC will continue auditing Wetherspoons until 31. European audit reform legislation that came into effect last year requires companies to put their audit out to tender every 10 years. PwC did not put a tender offer in following Wetherspoon s decision to enforce mandatory audit rotation. HMRC appoints new director generals HMRC has appointed Penny Ciniewicz as director general of customer compliance, moving from her current role of chief executive of the Valuation Office Agency (VOA) that she held for eight years. Ciniewicz takes over from interim director general David Richardson, who took on the role following the departure of Jennie Granger last month. Melissa Tatton, currently director for HMRC s individuals and small business compliance, will replace Ciniewicz as chief executive for the VOA. Both Ciniewicz and Tatton will be commencing their new roles on 4 September. Meanwhile Angela MacDonald will take on a new role overseeing the customer services group, leaving her current role of operational excellence director in HMRC. MacDonald replaces Ruth Owen, who stepped down last month. MacDonald will take up the role on 7 August. 11

12 MOODLE: e-learning & Learning Management System (LMS) ICAB is implementing e-learning & Learning Management System (LMS) under World Bank funded project Strengthening Financial Reporting Framework and Audit Practice - IDF. MOODLE is acronym for Modular Object Oriented Dynamic Learning Environment the number one e-learning & LMS platform as per global ranking. MOODLE is Australia based open source LMS and worldwide Moodle community is contributing for the improvement of this LMS platform. After successful implementation of Moodle ICAB education system will get a new dimension, students will be able to attend in classes virtually when they are in client sites in remoter areas, they will be able to get learning resources from anywhere whenever convenient for them. ICAB members will be able to participate in trainings & workshops as well as CPD programs remotely. e-learning System will cover following features: i) Virtual Classroom ii) Live Training /Class /Workshop through webinar iii) Virtual Assessment (e-assessment) iv) Multimedia-rich course materials v) Fully optimized for Web & Mobile phone vi) e-notification vii) Learning Tools Audio & Video, Web Forums, Web Pages, Newsgroups, Teleconferencing, Video Conferencing etc. viii) Knowledge Management Over the past dozen years Moodle has accumulated an active and far-reaching cohort of educators, learners and developers. Having attracted nearly 90 million users in field as wide ranging as higher education, Moodle developer s community is continuously contributing for the improvement of LMS platform including more than 120 language localization. Now ICAB has become the part of Moodle community. Meetings of Sub-Committees of RCPAR In the evaluation process of Annual Reports of public and private sectors organizations, Review Committee for Published Accounts & Reports (RCPAR) formed sub-committees for various sectors to evaluate the reports as per SAFA evaluation criteria. The evaluation of the reports is carried out by the members of these sub-committees and the summary of the evaluation reports were reviewed by concerned sub-committees for finalization. Two sub-committee out of 13 were held during the current month. Name of Sub-Committee, RCPAR Meetings Date NGOs 30 Communication & IT 31 12

13 Report on Disciplinary Actions The Council-ICAB has taken disciplinary actions against some of its Members on 22 May 2017 based on the recommendation of the Investigation & Disciplinary Committee (IDC). The summary of those disciplinary actions is as follows: Case # 1: Cases Shafiq Basak & Co Chartered Accountants regarding the audit of Alltex Industries Limited for the year ended 30 June Case # 02 Shafiq Basak & Co Chartered Accountants regarding the audit of Prime Textile Spinning Mills Ltd. for the year ended 30 June Basis of Investigation Complain of Bangladesh Securities & Exchanges Commission (BSEC) Complain of Bangladesh Securities & Exchanges Commission (BSEC) Summary of Findings The management of Alltex Industries Limited prepared the Audited Financial Statements for the year ended 30 June 2015 without complying with the applicable reporting framework in the following cases whereas the auditor failed to: a. address the materially understatement of financial charges in Audited Financial Statements (AFS) as well as the disclosure of understated amount of contingent liabilities despite of the qualified audit opinion of the last year s auditor on the same issue; b. address the issues regarding non-disclosure on the percentage of Shareholding position under Para 16 b (ii) & (iii) and c of BAS 27; c. address the issue regarding defective accounting policy on charging of depreciation of Property, Plant and Equipment of the Company as the policy was not in compliance with the Para 55 of BAS 16; and d. address the issues on the foreign exchange gain/loss as the Company did not recognize any loss/ gain on foreign currency transaction whereas Alltex Industries Limited is a 100% export oriented Company. The auditors also failed to discharge their responsibilities with regard to: a. express any audit opinion on the Property Valuation Report in compliance with BSEC Notification # SEC/CMRRCD/ /150- /Admin/51 dated 18 August 2013 as well as on the non-submission of valuation report with the Audited FS; b. apply appropriate audit procedures and to obtain sufficient information and evidence to warrant the expression of the audit opinion in case of interest expenses on the loan liability of Sonali Bank; and c. take into cognizance the qualified audit opinion of the last year auditors in conducting audit. In addition to the above, the auditor formed audit opinion on the Audited Financial Statements (FS) erroneously which was not in line with the Bangladesh Standards on Auditing (BSA). The management of Prime Textile Spinning Mills Ltd. prepared the Audited Financial Statements for the year ended 30 June 2014 without complying with the applicable reporting framework in the following cases whereas the auditor issued an unqualified audit opinion and failed to discharge their responsibilities with regard to: a. address the materially understated amount of depreciation expenses on revalued Disciplinary Actions Decisions-1: The Council-ICAB imposed monetary penalty of Tk. 500,000 (Five lac) upon Mr. Md. Shafiqul Islam FCA (Enrolment # 595), engagement partner for the audit of Alltex Industries Limited for the year ended 30 June 2015 with immediate effect. On non-payment of penalty amount within 03 (three) months from the date of communication, the membership of Mr. Md. Shafiqul Islam FCA (Enrolment # 595) with ICAB shall be suspended for a period of 02 (two) years from the date of expiry of three months. Decisions-2: The Council-ICAB also imposed monetary penalty of Tk. 200,000 (two lac) upon other Partners of the Firm Shafiq Basak & Co, Chartered Accountants for the massive failure on quality control of the firm with immediate effect. Upon non-payment of penalty amount within 03 (three) months from the date of communication, the membership of them with ICAB shall be suspended for a period of 01 (one) year from the date of expiry of three months. Effective Date The Council-ICAB found Mr Md. Shafiqul Islam FCA (Enrolment # 595) guilty of professional misconduct under clauses # 20, 21, 32 and 33 of Part-I of Schedule-C, Part-II of ICAB Bye-laws 2004 and imposed monetary penalty of Tk. 200,000 (two lac) upon Mr. Md. Shafiqul Islam FCA (Enrolment # 595), the 13

14 Cases Case # 03 Dutta & Co Chartered Accountants in connection with QAD findings. Case # 04 Nasir Mohammad & Co Chartered Accountants in connection with QAD findings. Case # 05 MASH Haque Chartered Accountants in connection with QAD Basis of Investigation Recommendation of QAB Recommendation of QAB Recommendation of QAB Summary of Findings assets in the Statement of Comprehensive Income in compliance with BAS-16; b. address the non-charging and improper disclosure of Deferred Tax on the revaluation reserve of PPE in compliance with BAS-12; and c. address the issue relating to disclosure of the Aging of Trade Debtors in compliance with Part-I of Schedule-XI of the Companies Act In addition to the above, the auditor formed audit opinion on the Audited Financial Statements (FS) erroneously which was not in line with the Bangladesh Standards on Auditing (BSA). The Council-ICAB found Ms. Ratna Dutta FCA, Proprietor of Dutta & Co, Chartered Accountants guilty of professional misconduct under clauses # 15, 21, 24, and 25 of Part-I of Schedule-C, Part-II of ICAB Bye-laws 2004 for: a. engaging and serving Habib Group of Companies as Chief Financial Officer (CFO) being a practicing member of the Institute; b. not paying student allowance as per byelaw # 115 (3) and related circular under reference 1/15/ICAB-2010 dated 28 June 2011 and dated 03 October c. not complying with the requirements of BSQC-1 and ICAB circular # 1/15/ICAB dated ; and d. Giving misleading information to the Institute regarding her employment and discrediting the image of this profession; The Council found Mr. Razdwan Raquibuddin Mohammed FCA guilty of professional misconduct under clauses # 21, 24, 25, 29 and 33 of Part-I of Schedule-C, Part-II of ICAB Byelaws 2004 for: a. Operating a branch office at Suit # 4 level # 12, Red Crescent Building, 61 Motijheel C/A, Dhaka without permission from the Council-ICAB which is the violation of Article 27 of the Bangladesh Chartered Accountants Order 1973; b. not complying with the requirement of student allowance as per bye-law 115(3) and related circular under reference 1/15/ICAB-2010 dated 28 June 2011 and 03 October 2011; c. not complying with the requirements of BSQC-1 and ICAB circular # 1/15/ICAB dated and d. giving falsified and misleading information to the Institute and discrediting the image of the profession of Chartered Accountants. The Council found the Partners of the Firm guilty of professional misconduct under clauses # 24, 25 and 33 of Part-I of Schedule-C, Part-II of ICAB Bye-laws 2004 for: Disciplinary Actions engagement partner for Prime Textile Spinning Mills Ltd. for the year ended 30 June The Council-ICAB also resolved that on non-payment of penalty amount within 03 (three) months from the date of receipt of communication, the membership of Mr. Md. Shafiqul Islam FCA (Enrolment # 595) to be suspended for a period of 01 (one) year from the date of expiry of three months. The Council imposed monetary penalty of Tk. 50,000 (Fifty Thousand) upon Ms. Ratna Dutta FCA (Enrolment # 992) with immediate effect. The Council also resolved that on non-payment of penalty amount within 03 (three) months from the date of communication, the membership of Ms. Ratna Dutta FCA (Enrolment # 992) of ICAB shall be suspended for a period of 01 (one) year from the date of expiry of three months. The Council-ICAB imposed monetary penalty of Tk. 500,000 (Five lacs) only upon Mr. Razdwan Raquibuddin Mohammed FCA (Enrolment # 995), Partner of Nasir Mohammad & Co Chartered Accountants. Mr. Razdwan Raquibuddin Mohammed FCA has deposited the penalty amount on receipt of IDC Report. The Council-ICAB imposed monetary penalty of Tk. 50,000 (Fifty thousand) only upon the Partners of the Firm, Mr. Abdul Haque Sarder FCA and Mr. Effective Date

15 findings. Cases Case # 06 MRH Dey & Co Chartered Accountants Case # 07 Mollah Quadir Yusuf & Co Chartered Accountants in connection with QAD findings. Basis of Investigation Complaint of Anil Salam Idris & Co Chartered Accountants Recommendation of QAB Summary of Findings a. not complying with the requirements of student allowance as per bye-law 115(3) and related circulars under reference 1/15/ICAB-2010 dated 28 June 2011 and 03 October 2011; b. not complying with the requirements of BSQC-1 and ICAB circular # 1/15/ICAB dated ; and c. continuing public practice as Chartered Accountants without complying with the Council Directives # 1.14 dated 11 June The Council-ICAB found Mr. Monoranjan Dey FCA guilty of professional misconduct under clauses # 05, 21 and 33 of Part-I of Schedule-C, Part-II of ICAB Bye-laws 2004 for: a. accepting position as an auditor previously held by another Chartered Accountant and carrying out the audit of NG Saha Steel Industries Ltd and Uttam Oil Mills Ltd for the year ended 30 June 2015 without first communicating with previous year auditor in written; and b. the gross negligence in the conduct of his professional duties and not complying with the ICAB Code of Conduct. The Council-ICAB found the Partners of the Firm guilty of professional misconduct under clauses # 21, 24, 25 and 33 of Part-I of Schedule-C, Part-II of ICAB Bye-laws 2004 for: a. not complying with the requirement of student allowance as per bye-law 115(3) and related circular under reference 1/15/ICAB-2010 dated 28 June 2011 and 03 October 2011; b. Allowing three articled students to get the registration without their fulltime engagement with the firm; c. not complying with the requirements of BSQC-1 and ICAB circular # 1/15/ICAB dated ; and d. not complying with the requirements under Article 7 of the Bangladesh Chartered Accountants Order 1973 as Mr. M A Quadir Mollah FCA was continuing public practice as a Chartered Accountant without valid Certificate of Practice (COP) for two years. Disciplinary Actions Md. Mahmudul Ambia FCA. Mr. Abdul Haque Sarder FCA and Mr. Md. Mahmudul Ambia FCA have deposited the penalty amount on receipt of IDC Report. The Council-ICAB imposed monetary penalty of Tk. 50,000 (Fifty thousand) only upon Mr. Monoranjan Dey FCA. The Council-ICAB also resolved that on non-payment of penalty amount within 03 (three) months from the date of communication, his membership with ICAB will be suspended for a period of 01 (one) year from the date of expiry of three months. The Council-ICAB imposed monetary penalty of Tk. 50,000 (Fifty thousand) only upon the Partners of Mollah Quadir Yusuf & Co Chartered Accountants. The Council referred back the recommendation of IDC regarding Mr. M A Quadir Mollah FCA to IDC for further review. Partners of the firm have deposited the penalty amount on receipt of IDC Report. Effective Date N.B.: 1. As per decision of the Council-ICAB, the above report has been published in ICAB News Bulletin and ICAB Website under bye-law 131(1) of ICAB Bye-Laws Senior Assistant Director (SAD) PC-ICAB Senior Deputy Director (SDD) PC-ICAB Secretary- ICAB 15

16 Records of Trainings/Workshops Organized by ICAB Center for Professional Excellence (ICPE) ICAB Center for Professional Excellence (ICPE) has organised a total 12 (Twelve) Trainings/Workshops in the last six months (January to June 2017). A half yearly report of the Trainings/ workshops is hereunder furnished: Sl. # Name of the Trainings/Workshops Period& Duration No of Participants Core Contents 1. Certificate Course on Information Systems Audit (IS Audit) 07 January to 24 June 2017 (Six months long) 49 Members of ICAB and Others Organizations IS Audit 2. Workshop on Changes in lease accounting under IFRS 16: Leases 3. Workshop on "FRA; Opportunities for showcasing the Professional Excellence 4. Training on "International Financial Reporting Standards (IFRS) 5. Training on "International Financial Reporting Standards (IFRS) 14 January-2017 (Day long) 08 February 2017 (Day-long) February 12 to 16, 2017 February 25 to March 25, Members- ICAB IFRS 16: Leases 40 Members- ICAB FRA 10 Officials of Bangladesh Municipal Development Fund 15 Officials of ACI Godrej Agrovet Private Ltd. IFRS IFRS 6. Training on IFRS & IAS for Bangladesh Bank Officials 7. Workshop on "Transfer Pricing Regulations" 8. Workshop on "Audit Quality and Application of Updated Audit Practice Manual" 9. Workshop on New VAT Act 2012 and Rules 2016 Highlights and Challenges 10. Seminar on "ICAEW ACA Advanced Level Exam Technique" 11. Seminar on "ICAEW Pathway Membership for the Members of ICAB" 28 March to 30 October 2017 Bangladesh Bank Officials, 35 (Thirty one) IFRS & IAS April 1, Members- ICAB Transfer Pricing April 11, Members- ICAB "Audit Quality and Application of Updated Audit Practice Manual" May 4, Members- ICAB New VAT Act May 8, Article Students of ICAB "ICAEW ACA Advanced Level Exam Technique May 8, Members- ICAB "ICAEW Pathway 12. SMP Conference 2017 June 10, Members- ICAB SMP Conference We Mourn Mian Mohammed Abdur Rouf FCA (Enrl. No. 123), Proprietor, Toha Anwar Rouf & Co., Chartered Accountants, died due to old age complications on 21. (Innah Lillahe... Rajeun). He was 78. He left behind his wife and one son. On behalf of the Council of ICAB, President Adeeb Hossain Khan FCA sent a condolence letter to the bereaved family and sought eternal pace to the departed soul. May Allah grant him heaven in eternity. Mr. Rouf admitted as an Associate Member of the Institute of Chartered Accountants of Bangladesh (ICAB) in Mian Mohammed Abdur Rouf FCA 16 Published by the Editorial Board of the Council, The Institute of Chartered Accountants of Bangladesh (ICAB) 100 Kazi Nazrul Islam Avenue, Dhaka 1215; Tel , , , Fax: , secretary@icab.org.bd, Website: