August 2011

Monthly News briefing from the Institute of Chartered Accountants of Bangladesh

ICAB News BulletinNo. 262

MEMBER OF:

International Federation ofAccountants (IFAC)

International Accounting

Standards Board (IASB)

South Asian Federation ofAccountants (SAFA)

Confederation of Asian andPacific Accountants (CAPA)

p Record Number ofCandidates pass finalCA Exams

p Candidates who havepassed ProfessionalStage (Knowledge Level)

p Candidates who havepassed ApplicationLevel

p President'sCommunication

p Meeting with DFID

p Meeting with MoC

p Monthly Activities

p IFAC News

p Member's Status

p Obituary

ISSN 1993-5366

Record Number of Candidates pass final C A Exams

IN THIS ISSUE

The May-June 2011 ICAB ProfessionalExaminations saw a record number of 84candidates who have cleared their Final Examsand are now eligible for membership of ICAB.Results of these examinations were published

recently.The members of the Editorial Boardcongratulate the successful candidates andwish them all success in their futureendeavours.

Md. Nahid Ullah Imtiaz Alam Sree Shimul Das Md Helal Uddin

Mohammad Shahadat Ullah Mohammed Abul Kashem Md Johirul Islam Md Mosharof Hossain

Sk. Bellal Hossain Md. Golam Mostafa Mohammad Osman Goni Salim Ullah Bahadur

ICAB News Bulletin No. 262

August 20112

Gias Uddin Al Mamun Md. Nayeem Ibn Yousuf Md. Anwaruzzaman Esha Nabila Hussain Mohammad Afsar Uddin

Mohammed Farhan Uddin Md. Hafizur Rahman Mohammad Golam Sarwar Mohammad Mokhlesur Rahman Salmaa Khan Mou

Mohammad Touhidur Rahman Azizul Hassan Satter Muhammad Shajedul Hoque Tlukder Mohammad Ali Kawsar Md Anisur Rahaman

Lingkon Mondal Kamal Hossain Ziaur Rahman Zia Md. Shariful Islam Moin Uddin Siddique

Mohammad Saiful Islam Muhammad Kamruzzaman AHM Ariful Islam Muhammad Asaduzzaman Anupam Kumar Roy

ICAB News Bulletin No. 262

August 20113

Masud Imran Joarder Mohammad Golam Mostofa Md Al Amin Juel Abu Anas Muhammed Rezaullah Debabrata Roy Chowdhury

Sharmina Tasneem Md Atikur Rahman Md Amir Hossain Mohammad Ali Pathan Md. Masoodur Rahman

Muhammad Abidur Rahman Sk. Ashik Iqbal Shah Md. Jubaer SM Hedaitul Islam Mohammed Shahid Ullah

Md. Ismail Rashed Mustafizur Rahman Taslim Hossain Muhammad Khatibur Rahman S M Nazrul Islam

Mohammad Khabirul Haque Khan Mohammad Didarul Azad Md. Siddiqur Rahman Mohammed Wahidur Rahman Md. Atiar Rahman

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August 20114

Md Khairul Islam Khan Md. Tazul Islam ASM Faruque Mahmud Khandoker Raihan Ali Ainun Nahar

Anowar Hossain Alauddin Miah Ashraful Haq Amin Priyanka Saha F R M Rashedul Hasan

Mohammad Shirajul Islam Mohammad Fakhrul Alam Patwary Mohammad Asraful Hassan Hasib Ehsan Chowdhury Sushanta Howlader

Shahabub Alam Khan Syed Muhammad Rahmatul Mujeeb Md Mahedi Hasan Md Alauddin Debasish Rakshit

Ali Amjad Choudhury Placid Gomes

ICAB News Bulletin No. 262

August 20115

5/5/ICAB-93- In pursuance of bye-law 123 of the Bangladesh Chartered Accountants Bye-laws 2004, the Council of the Institute ofChartered Accountants of Bangladesh (ICAB) has declared the following result of the Professional Stage (Knowledge Level) andProfessional Stage (Application Level) of the Institute held in May-June 2011.

Candidates who have passedProfessional Stage (Knowledge Level)

Sl # Reg # Name of Candidates Roll #1 12317 Md Abul Kashem 1122 13973 Mohammed Jamal Hossain 1373 16159 Amit Chakraborty 2134 13370 Md Anwarul Kabir 2335 14093 Md Abu Mansoor 2636 17162 Ahmed Golam Kibria 3087 14950 Mohammad Farhad 3208 13027 Syed Ashraf-ul-Alam 3469 17366 Md Ershad Haroon 36910 16588 Mohammed Golam Mortuza 40911 16598 Muntasina Monsur 51112 17364 Md Masum 51813 2905 Ratan Sarkar 64014 17944 Md. Anwar Hossain 69515 18184 Mohammad Sirajus Salekin 82116 18358 Md. Sajedul Huda Novel 83317 18355 Sadia Ahmed 83918 18178 Mehzabeen Ahmed Naveen 84519 18356 Rubayat Sadik 85020 17959 Md. Eshaque Ali Khondakar 86221 18354 Joydeb Samadder 88322 18353 Md. Muktar Alam 89223 18352 Md. Mahbubur Rahman 95724 18285 Mohammad 95825 18457 Md. Tariqul Islam 98826 19036 Md. Fuad Hasan 100427 18494 Avra Adhikary 101328 18565 Nagma Andalib 101729 19034 Nur Ahammed Suprim 102430 18437 Suniti Ahmed 103731 19042 Subrata Chardra Das 107332 13880 Md Shirajul Islam 107433 19040 Md. Mahedi Hasan 108834 18445 Farhana Sultana 109335 18443 Bhaskar Chakraborty 110036 10358 Md. Atiar Rahman Khan 119837 15180 Syma Sarker 124838 10870 Md Nasir Uddin 126039 15839 Papon Kumar Bhowmick 126140 13141 ANM Rafi Uddin Maulana 144041 9714 Mohammad Hamidul Kabir 145242 7145 Mohammad Abdul Hannan 147343 8901 Mohammad Akbar Hossain 150844 14081 Lutfun Nahar 153345 12184 Nazmul Huda 154646 17893 Anirban Mojumder 156547 12370 Ratul Ahmed 157948 17305 Muhammad Sami Ul Hoque 158649 12510 Muhammad Abdullah-Al-Bakey 159350 17745 Golam Mohammad Regwanul Hoque 160251 11239 Md. Harun-Or-Rashid 162052 12961 Md Manjurul Islam Khan 163053 10040 Pronab Kumar Ghosh 167654 9650 Sk. Mohammad Atiqur Rahman 167755 9492 Muhammad Abdul Latif 167856 13276 Masudur Rahman 170857 13101 Md. Asad 172558 13631 Md Kamrul Hasan 174759 8519 Shahadat Hossain Chowdhury 174860 16477 Md Shohel Rana 1757

Sl # Reg # Name of Candidates Roll #61 14761 Manik Paul 178762 14987 Mohammad Aktaruzzaman 178863 10526 Mohammad Sayemur Rahman Chowdhury 178964 16663 Biplob Khan 182965 4090 Absarul Hoque Chowdhury 185466 17604 Sheikh Aminur Islam 186067 13603 Md. Abdul Quayum 186568 16093 Md Mahmud Hasan Mojumder 186669 16099 Md Wahidul Islam 188870 9022 Hamidur Rahman 190871 16976 Farhana Begum 192972 17636 Md. Mustafizur Rahman 196073 10004 Khairul Islam 196374 16259 Md Anwar Hossain 197375 16787 Shakib Al Hasan 197576 17274 Md. Morshed Alam 200177 16679 Tareq Al Mamun 200278 10515 Eftekhar Ahmed Khan 200379 10272 Rochibul Islam 200480 13604 Md. Nazmul Ahsan 201281 17758 Shib Shankar Shaha 201582 10575 Sharmistha Saha 201783 7257 Sujan Kumar Biswas 201884 10110 Mohammad Solaiman Uddin 202385 15378 Ali Navir Khan 203486 17058 Md Raju Ahmed 205087 17083 Moqbul Ahmed Chowdhury 205188 15935 Liton Roy 206689 15648 Duloton Nahar 208790 12752 Khandokar Rezaul Karim 208991 17619 Faisal Mahmud Sajeeb 210892 15500 Md Aershad Hossain Khan 211293 15991 Labanya Roy 212294 17629 Mohammad Omar Sharif 214695 17549 Mohammad Nur-ul- Ahad 215296 16513 Md Monirul Islam 216297 15993 Mozammel Hoque 216998 15879 Mohan Adhikari 218899 13102 Suraia Parveen 2192100 17628 Mohammad Nazrul Islam 2217101 17105 Md. Hasan Habib Iman 2232102 14200 Rashel Mahmud 2239103 17110 Risul Islam 2247104 17243 Md. Asif Uddin 2254105 5859 Salma Akhter 2255106 3915 Mohammad Farid 2260107 17363 Md Mohibul Alam 2263108 17827 Mustaque Ahmed 2264109 6271 Mohammed Mizanur Rahman 2368110 7628 Bijan Bhowmick 2383111 15494 Md Nasimul Hasan 2389112 13687 Md. Salah Uddin Bhuiyan 2397113 16660 Imran Ahmed 2419114 16111 Md Jahangir Alom 2474115 15622 Saikat Kumar Das 2484116 11324 Md. Shakhawat Hossain 2495117 16956 Sourav Ranjan Das 2525118 11877 Shubhra Roy 2526119 14253 Md. Asaduzzaman 2529120 12843 Md Abu Helal 2532121 6495 Mohammad Azam Khan 2580122 16122 Hadisul Alam 2591

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August 20116

Sl # Reg # Name of Candidates Roll #123 17492 Sujon Sarker 2600124 17494 Mohammad Nannu Mian 2629125 16410 Shahab Uddin 2651126 15087 Ashim Mondol 2658127 10769 Abu Taher Md Muniruzzaman 2659128 15988 Md Shaidul Islam 2660129 14063 Biplob Saha 2715130 11520 Ashraf Uddin 2731131 14182 Abu Shahan Md. Monir 2771132 8458 Zakir Hossain Munshe 2773133 11682 Md. Mahmudul Hassan 2787134 17296 Moriom Sarker 2799135 16989 Md. Mehedi Hasan 2808136 17116 Anutosh Kumar 2825137 13121 Rakib Ahmed 2844138 14781 Md Lutfur Rahman 2847139 13353 Md Mofizur Rahaman 2887140 16619 Senjuti Maksud 2981141 10424 Nazibullah 3018142 13228 Rudaina Baree 3049143 11040 Mohammad Golam Sorwar Mozomder 3103 144 14607 Mohammad Eshak 3105145 17618 Kazi Mujahid-ul-Islam 3109146 15792 Sanjoy Kumar Chakrobharty 3114147 14447 Parbir Kumar Das 3121148 10845 Jashim Uddin 3122149 14238 Md Ariful Hasan 3126150 15291 Md Mahbubul Haque 3130151 15639 SM Tipu Sultan 3150152 12112 Mohammed Alamgir Hossain 3187153 12251 Thuhidul Islam 3194154 5049 Golam Mohammad 3206155 11629 Afroza Islam 3208156 17777 Mohammad Murshedun Nabi 3302157 15806 Md Borkot Hossain 3334158 14351 Mohammad Nazrul Islam 3379159 17276 Md. Sohel Rana 3394160 16102 Iman Kumar Saha 3426161 17461 Taniya Fardus 3437162 13076 Abu Naim Md. Shariful Islam 3439163 13490 Md Monir Hossen Mazi 3481164 18074 Md. Ali Reza 3485165 10344 Md Ohidul Islam 3487166 15070 Farzana Afrin Tani 3488167 17193 Abu Sufian 3491168 15390 Mohammad Mahbub Hossain 3495169 11700 Md Musa Khan 3497170 17873 Md Abdul Hannan 3515171 3944 Md. Ariful Hoque 3518172 12658 Md. Shibbir Ahammed 3521173 14250 Mahbub-E-Habib 3541174 14842 Mohammad Humayun Kabir 3545175 8054 Ahammeder Rahman Chowdhury 3550176 14966 Md Robin Sayeed 3552177 5201 Md. Aman Ullah 3569178 16825 Muhammad Habibur Rahman 3593179 12583 Md. Enayet Hossain 3600180 14252 Kazi Atikuzzaman 3611181 13441 Tapas Kumar Das 3621182 16661 Md. Ziaul Haque 3701183 18989 Mohammad Abu Hanif Meah 3722184 15241 Arindra Nath Sen 3746185 8686 Pangkaj Kanti Saha 3747186 14191 Md. Farhad Hossain 3751187 11669 Sarkar Mahboob-Us-Sobhan 3756188 7219 Biplob Chandra Das 3784

Sl # Reg # Name of Candidates Roll #189 12115 Mohammad Shahadat Hossain 3864190 16426 Mahin Irfan Khan 3872191 17053 Md. Monawar Hossen 3876192 5136 Md. Shamsul Arefin 3903193 12831 Muhammad Shakawat Hosen 3911194 14538 Sujit Kumar Das 3922195 17297 Preeti Rani Dhar 3953196 17570 Farhana Hoque 3954197 9984 Md Habibur Rahman 3968198 14997 Md Jahid Hasan 3982199 16485 Md Abu Al Muid 3983200 11961 Haradhan Paul 3984201 15690 Mohammad Abul Kashem 3987202 8499 Mohammad Abu Sufian 3993203 15686 Shipra Biswas 3994204 17095 Rubaba Khan 4000205 17527 Nimay Ram 4004206 10993 Touhid Ullah 4013207 17180 S. M Atiqur Rahman 4045208 16499 Sahinur Rahman 4054209 12177 Md. Baha Uddin 4070210 5639 Md Tajul Islam 4073211 14561 Md. Zarzis Hossain 4088212 12108 Md. Osman Goni 4095213 14707 Muhammad Hafiz Ulla 4118214 15425 Adhir Chandra Basak 4126215 15642 Mohammad Saifur Rahman 4176216 15643 Ihsanul Habib 4192217 16270 Mohammad Jakir Hossin Bhuiyan 4196218 15031 Muhammad Monir Hossen Dhalee 4239219 16094 Md Mahbubul Islam 4245220 11833 Md Manirul Islam 4313221 8732 Mohammad Mahamood Rassul 4345222 13177 Mohammad Monzurul Ahsan 4358223 16487 Mohammad Ashab Jamil 4370224 16486 Aznan Jamil 4380225 15987 Johera Mursheda 4387226 16614 A. M. Zubael Abul Siddique 4390227 17814 Nargis Banu 4413228 17309 Abul Fazal Md Sayeem 4416229 16338 Shib Shankar Dey 4419230 17292 Md Ashikur Rahman Chowdhury 4429231 12800 Md. Farhadul Alam 4442232 12740 Mohammad Mosheur Rahman 4457233 11863 Mohammad Mustafizur Rahaman 4484234 9753 Sukhen Chandra Deb Nath 4522235 6836 Mohammad Iqbal Hossain Milton 4557236 5909 Mohammad Alauddin 4569237 16772 Deb Manik Kumar 4575238 16418 Md Habibur Rahman 4666239 12750 Mohammad Mosharaf Hossain 4672240 16569 Rakiba Fateme Shemu 4745241 13549 Muhammad Moniruzzaman 4758242 13608 Abeda Binte Hasan 4772

Candidates who have passedApplication Level

Sl # Reg # Name of Candidates Roll #1 17630 Md Farhad Hussain Suman 50192 17304 Md Shihabur Reza 51133 16721 Muhammad Masum Billah 51154 17333 Sujan Chandra Paul 51165 16684 Amanat Ahmed 51186 16676 Sarker Nahidul Islam 5120

Dear Fellow Members, Ramadan Mubarak to you all!Ramadan started in August 2011. For member’s convenience ahead ofRamadan, we have finished 11 CPD Seminars at Dhaka and 5 CPD Seminarsat Chittagong by July 2011. So, there was no CPD seminar in August 2011. TheICAB secretariat and different committees were busy in follow up of theongoing activities. We were busy focusing on the reporting to internationalnetworking reporting and forthcoming events in 2011.Today I would like toshare with you the major activities and initiatives we have undertaken recently.IFRS Training Ist International Financial Reporting Standards (IFRS) Training course wasinaugurated by Dr Atiur Rahman, Governor, Bangladesh Bank on July 01,2011. The training is going on and scheduled to be continued upto end ofSeptember, 2011. Ms Sayema Banu, DD, LPD is coordinating the training.Because of Ramadan and availability of resource persons, we had toreschedule class timings several times, which may have caused inconvenienceto some of the participants. We deeply apologise for this, and in future, we shallbe careful to avoid such inconveniences. Follow up on UK visit in July 2011:Exposures on various issues and learning from ICAEW experiences we aretrying to improve ICAB’s role and services to members, students and otherstakeholders. With this end, we are in communication and doing follow up totake a concrete shape in developing our education materials, IFRS Training,Training of trainers, teachers in Bangladesh. We are in correspondence withICAEW, ACCA, BPP & KAPLAN.ICAB Renovation Work, ICAB On line facilities and Website restructuringRenovation work at CA Bhaban 6th floor, and library floor are going to takeplace soon. ICAB is working for a dynamic website and to introduce on linetraining facilities. We are increasing number of computers for students.Member’s corner with computer facilities is in the pipeline. In the library,photocopier service and tea corner are going to introduced. We are trying toimprove the washroom facilities. During this month, we were busy in planningmeetings with different service providers. For synchronization of work plan andimplementation in a cost effective way, we had series of meetings withSATCOM, BOL, OTOBY, Engineers of Construction Company, architects etc.As IFRS training is going on, and to relocate the secretariat team for therenovation work, there is space constraint. And in the coming month, ICAB isgoing to hold important events. So, students and members are requested to bepatient and to cooperate with us, as you always did.Prospect of Project Developments for ICABFollow up with MOC on ICAB academic complex project is going on.Meeting with external auditorsEntrance meeting took place with Auditors on August 17, 2011. We havediscussed on Audit plan and submission of audit report within timeframe to holdAGM.Results of Professional Examinations May- June 2011The results of Professional examinations May- June 2011 have been declaredon August 18, 2011 as follows:Level Appeared Successful Partly passedKnowledge 4073 242 1422Application 121 06 71Advanced 04 00 03(Integration)PE- III 480 84 264Congratulations!! To part qualified and full qualified students. We are trying ourbest and we will request the students to focus more on studies. I am sure, newmembers are going to take our legacy ahead.Meeting with DFIDA meeting was held on August 23, 2011 at 9 am between Ms Catherine Martin,Senior Private Sector & Market Development Adviser, Ms. Shahnila Azher,Private Sector Adviser, DFID and myself, to explore collaborations for financiallearning project for women entrepreneurs, SMEs , financial literacy programwith DFID and Institute of Chartered Accountants of Bangladesh (ICAB). Andalso scope to strengthen ICAB capacity and services in the private, public,social sector and financial reporting for good governance. We are also very

much interested to introduce EnglishBusiness Communication course forstudents and members. We havesubmitted a draft concept note on“Bridging between SME / SMPStrengthen Financial Reporting andManagement Services of SMEs andCapacity Building of Small and MediumPractitioners (SMP) of ICAB for pro poorgrowth and employment generation inSME Sector in Bangladesh.” We havesubmitted similar kind of draft to Ministryof Industries to collaborate with SMEFoundation.Meeting with Ministry of Commerce(MOC) Mr Shahadat Hossain, FCA, Vice President ICAB, Ms Suraiya Zannath, FCA,Senior financial Management Specialist, South Asia Region, The World Bankand myself had a meeting with Mr Md Ghulam Hussain, Secretary, Ministry ofCommerce on August 25, 2011. Shawkat Ali Waresi, Additional secretary wasalso there. We updated the Secretary on the Progress with Post Twinningarrangement with ICAEW and also that World Bank is willing for funding theproject.Standing and Other Committee Meetings HeldThe following standing and other committee meetings were held in August, 2011:• 3rd meeting of Taxation Corporate Laws Committee (TCLC) was held on

August 01, 2011.• Joint Meeting between 3 Member Council Sub-Committee and Articled

Students Representative• 3rd, 4th and 5th meeting of Review Committee for Published Accounts &

Reports (RCPAR) were held on August 03, 17 and 27, 2011 respectively.• 3rd meeting of Quality Assurance Board (QAB) was held on August 07,

2011.• 2nd meeting of the Audit Committee was held on August 08, 2011.• A meeting of the 3 member Article Student Committee was held on August

14, 2011.• A meeting of 5-member Council Sub Committee on Case Studies for

Integration level was held on August 14, 2011. • 7th Executive Committee meeting was held on August 16, 2011.• 2nd Examination Committee meeting was held on August 18, 2011.• 11th Council Meeting was held on August 18, 2011.Forthcoming Events in 2011Please mark the following dates in your diary and try to participate andcontribute in the following events in 2011. I will request all members especiallythe members abroad, try to accommodate your home visit plan with theforthcoming events:October 02, 2011 11th BPA Award CeremonyOctober 23, 2011 19th ConvocationOctober 23, 2011 1st Job FairOctober 23, 2011 1st Student’s CA ConferenceNovember 27, 2011 International Conference (Theme: “Best Practices and

Reporting for Sustainable Development”)November 28, 2011 1st Regional Standard Setters (RSS) Conference in

Dhaka and SAFA Committee meetingsNovember 29, 2011 SAFA Board Meeting and SAFA BPA Award CeremonyNovember 30, 2011 International Seminar at Hotel Agrabad, Chittagong

(Theme: SAFA & SAARC Roadmap)Wish you all Eid Mubarak ! Just after Eid vacation, with vigour we have to bemuch more proactive to prepare for the forthcoming events and to complete theongoing work in progress. We want your cooperation to move forward.

Best Regards,

Parveen Mahmud, FCASeptember 04, 2011

ICAB News Bulletin No. 262

August 20117

President's Communication – August 2011

ICAB News Bulletin No. 262

President ICAB holds meeting withsenior DFID Officials

President ICAB, Ms. Parveen Mahmud held a meeting onAugust 23, 2011 with Ms Catherine Martin, Senior PrivateSector & Market Development Adviser and Ms. ShahnilaAzher, Private Sector Adviser, DFID, to explore avenues ofcollaboration for financial learning project for womenentrepreneurs, SMEs , financial literacy program with DFIDand ICAB. The meeting also discussed scope to strengthenICAB capacity and services in the private, public, socialsector and financial reporting for good governance.President ICAB also expressed our interest to introduceEnglish Business Communication course for students andmembers. ICAB has already submitted a draft concept noteon “Bridging between SME / SMP Strengthen FinancialReporting and Management services of SMEs and CapacityBuilding of Small and Medium Practitioners (SMP) of ICABfor pro poor growth and employment generation in SMESector in Bangladesh.” A similar draft has also beensubmitted to Ministry of Industries to collaborate with SMEFoundation. n

President ICAB holds meeting withSecretary, MoC

President ICAB, Ms. Parveen Mahmud, Mr ShahadatHossain, Vice President and Ms Suraiya Zannath Khan,FCA, Senior Financial Management Specialist, South AsiaRegion, The World Bank had a meeting with Mr. Md GhulamHussain, Secretary, Ministry of Commerce on August 25,2011. Mr Shawkat Ali Waresi, Additional Secretary andformer Project Director, Twinning Project, was also present.The Secretary was updated on the progress of post Twinningarrangements with ICAEW and of World Bank interest insupporting the future activities in this area. n

August 20118

I F A C NEWS

Monthly Activities

1/8/2011 Joint Meeting between 3-Member CouncilSub-Committee and Articled Student's Representatives• 3rd Meeting of TCLC

3/8/2011 3rd Meeting of RCPAR7/8/2011 3rd QAB Meeting8/8/2011 2nd Audit Committee Meeting14/8/2011 3-Member ASC Sub-Committee Meeting

• 5-Member Council Sub-Committee Meeting16/8/2011 7th EC Meeting17/8/2011 4th Meeting of RCPAR18/8/2011 2nd Examination Committee Meeting

• 11th Council Meeting27/8/2011 5th Meeting of RCPAR

PAIB Committee eNewsWelcome to IFAC’s ProfessionalAccountants in Business (PAIB) CommitteeeNews.

In this Issue:1. PAIB Committee Publishes Competent and Versatile to

Highlight Relevance of Professional Accountants2. Individualized Versions of Competent and Versatile

Available for Professional Accountancy Organizations3. Call for Case Studies Highlighting the Roles of

Professional Accountants4. CMA Canada Releases New 2020 Vision Paper5. Next PAIB Committee Meeting: Toronto, October 19-20,

20111. PAIB Committee Publishes Competent and Versatileto Highlight Relevance of Professional AccountantsCompetent and Versatile: How Professional Accountants inBusiness Drive Sustainable Organizational Success waspublished by the PAIB Committee last month to support theglobal accountancy profession in responding to changingexpectations of society, financial markets, and organizations,and promote the value of professional accountants inbusiness to their organizations.Organizational needs are evolving faster than ever, andprofessional accountants need to adapt to these changes tobest serve their employers, and maintain relevance. With thispublication and the accompanying employer-focusedbrochure, the PAIB Committee is striving to support theglobal accountancy profession and help professionalaccountants and their organizations create long-termsustainable success.Eight drivers of sustainable organizational success providethe basis for understanding how the global accountancyprofession needs to support the development of professionalaccountants. The expected key areas of competency forprofessional accountants are broken down within each ofthese drivers: • A customer and stakeholder focus; • Effective leadership and strategy; • Integrated governance and risk and control; • Innovative and adaptive capability; • Financial management; • People and talent management; • Operational excellence; and • Effective and transparent communication. The key areas of competency are also useful in helpingprofessional accountants to determine relevant education andtraining to support their career aims.Competent and Versatile is also a tool for promoting thediverse contributions of professional accountants as creators,enablers, preservers, and reporters of sustainable value in

Date Meeting/Programmes

ICAB News Bulletin No. 262

August 20119

leadership, management, analyst, and controller roles. Theseroles go far beyond the stereotypical perceptions ofaccountants and demonstrate to employers how they cancapitalize on professional accountants’ training, knowledge,and skillsets.2. Individualized Versions of Competent and VersatileAvailable for Professional Accountancy OrganizationsIn order to assist professional accountancy organizations tomake the most of the employer-focused version ofCompetent and Versatile, the PAIB Committee is offering towork with IFAC members and associates to allow for localcustomization of the brochure.For example, CPA Australia and the Institute of CharteredAccountants in Australia (ICAA) jointly branded thebrochure and made it available at the Confederation of Asianand Pacific Accountants Conference in Brisbane, Australiathis week.3. Call for Case Studies Highlighting the Roles ofProfessional AccountantsFollowing the publication of Competent and Versatile, thePAIB Committee is in the process of bringing together somepractical examples of how professional accountants aresupporting their organizations in the eight drivers ofsustainable organizational success listed above4. CMA Canada 2020 Vision PaperCMA Canada recently released Forecasting the Future Roleof the Management Accountant, its 2020 Vision paper. Thepaper identifies scenario planning as the definingorganizational capability and a primary managementaccountant skill for the coming decade. The paper alsoexplores the major activities seen as essential to themanagement accountant’s role in 2020, including strategicrisk management fueled by (a) technology-enabled dataanalysis applied to a broad collection of indicators; (b)increasingly agile forecasting and planning processes; and(c) fact-based decision making. The research methodologyfor this paper included scrutiny of recently publishedprojections and analyses, interviews, and a roundtablediscussion held in September 2010, in which IFACparticipated.5. Next PAIB Committee Meeting: Toronto, October 19-20, 2011The PAIB Committee’s next meeting will be hosted byCanadian Institute of Chartered Accountants and CMACanada in Toronto, October 19-20. In 2012, the committeewill meet in New Delhi, March 13-14, and participate in theInstitute of Cost and Works Accountants of India’s annualcongress and CFO summit.6. New IFAC Website Coming SoonWe are currently in the process of redesigning the IFACwebsite to better suit your needs. The new site will feature aclean and modern design, a more intuitive architecture andnavigation, expanded content, and topical and timely issues

and insights. Content will be organized around topics andoutputs, and include cross-referencing and tagging, so it willbe easier to find the information you’re looking for, as wellas related resources. We’re looking forward to launching thesite later in 2011, and to hearing your feedback. If you haveany questions at this time, please email us atcommunications@ifac.org.7. New PAIB Publication Focuses on Areas ofCompetency for Professional AccountantsAs organizational needs evolve to accommodate the ever-changing economic, environmental, and social landscape,professional accountants in business (PAIBs) need tocontinue to adapt to these changes in order to best serve theiremployers and maintain relevance. To help PAIBs achievethis, the PAIB Committee recently released Competent andVersatile: How Professional Accountants in Business DriveSustainable Organizational Success. This publication aimsto support the global accountancy profession in respondingto changing expectations of society, financial markets, andorganizations, and to promote and contribute to the valueprofessional accountants in business bring to theirorganizations. Competent and Versatile explains how PAIBssupport their organizations as creators, enablers, preservers,and reporters of sustainable value for their organizations inleadership, management, analyst, and controller roles. Thisemployer-driven approach is also aimed at helping IFACmembers and associates to facilitate sustainableorganizational success through the education, training, anddevelopment of professional accountants.The PAIB Committee has also published an employer-focused brochure to demonstrate the versatility of PAIBs tothose outside of the accountancy field.8. SMP Quick Poll Now Open; Available in English,Spanish, and FranceThe IFAC Small and Medium Practices (SMP) Committee’smost recent SMP Quick Poll is now open. The poll, whichonly takes a few minutes to complete, features questions onbusiness advisory and auditor reporting, in addition toincluding a few questions from previous polls in order togather trending data for the year. This edition of the QuickPoll is available in English, Spanish, and French. Pollingwill close on September 9, 2011. 9. Indian Business Journal Discusses IFAC SMOsIn a recent column in Business & Economy, Dr. JavedSiddiqui, Assistant Professor of Accounting at theManchester Business School, University of Manchester(UK) offers his opinion on the success, and applicability, ofIFAC’s Statements of Membership Obligations (SMOs) inless developed countries. Using developments in Bangladeshand with the Institute of Chartered Accountants ofBangladesh (ICAB) as an example, Dr. Siddiqui outlineshow the SMOs are used to help professional accountancyorganizations follow quality control assurance requirements.Dr. Siddiqui also discusses the partnership between ICABand the Institute of Chartered Accountants in England andWales to improve curriculum for professional accountancydegrees. n

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August 201110

Published by the Editorial Board of the Council, The Institute of Chartered Accountants of Bangladesh (ICAB)100 Kazi Nazrul Islam Avenue, Dhaka 1215; Tel. 9117521, 9112672, 9115340 , 9137847 Fax: 880-02-8119399 E-mail: secretary@icab.org.bd Website: www.icab.org.bd

Chittagong: HBFC Building (3rd Floor), 1/D, Agrabad Com. Area, Chittagong, Bangladesh Tel: 880-31-724674 Fax: 880-31-813579 E-mail: icabctg@spctnet.comUK Chapter: Suite One, 2 Haydons Road, London SW19 1HL, United Kingdom Tel: 44-020 8544 1234 Fax: 44-020-8544 1400 E-mail: frahman101@aol.comNorth American Chapter: 5 Massey Square, Suite-2519, Toronto, Ontario M4C 5L6, Canada Tel: 416-686 6760 Fax: 416-916 1091 E-mail: shahed.sharfuddin@td.com

PAIB Committee eNews

Welcome to IFAC’s Professional Accountants in Business(PAIB) Committee eNews.

In this Issue:1. PAIB Committee Publishes Competent and Versatile to

Highlight Relevance of Professional Accountants2. Individualized Versions of Competent and Versatile

Available for Professional Accountancy Organizations3. Call for Case Studies Highlighting the Roles of

Professional Accountants4. CMA Canada Releases New 2020 Vision Paper5. Next PAIB Committee Meeting: Toronto, October 19-

20, 2011

1. PAIB Committee Publishes Competent andVersatile to Highlight Relevance of ProfessionalAccountantsCompetent and Versatile: How Professional Accountantsin Business Drive Sustainable Organizational Success waspublished by the PAIB Committee last month to supportthe global accountancy profession in responding tochanging expectations of society, financial markets, andorganizations, and promote the value of professional

Admission as FellowsThe following members have been admitted as Fellows of the Institute witheffect from the dates mentioned against their names:Name Effective Date

Mr. Mohammad Mostafizur Rahman 04 July 2011PartnerZAHUR & MOSTAFIZChartered AccountantsHouse # 468 (3rd floor)Road # 31, New DOHSMohakhali, Dhaka-1212

Mr. Md. Zahurul Islam FCA (916) 04 July 2011PartnerZAHUR & MOSTAFIZChartered AccountantsHouse # 468 (3rd floor)Road # 31, New DOHSMohakhali, Dhaka-1212

Mr. Mohammed Yousuf FCA (923) 11 July 2011Regional Financial ControllerThe Coca Cola Bottling Company of Saudi ArabiaP.O. Box # 19346Jeddah-21435, KSA

Mr. Khorshed Alam FCA (883) 12 July 201120/A, Tipu Sultan RoadWari, Dhaka

Mr. Mustafa Jamal Hossain FCA (942) 30 July 201134/A Old DOHS, BananiRoad No. 1, Dhaka CantonmentDhaka-1206

Mr. Shuvra Kanti Choudhury FCA (932) 07 August 2011Chief Financial OfficerCentral Depository Bangladesh Ltd.BDBL Bhaban (8th floor)12 Kawran Bazar, Dhaka-1215Mr. Md. Anwar Hossain Chowdhury FCA (931) 09 August 2011Chief Financial OfficerEFPI Shiree (4th floor)House # 5, Road # 10Baridhara, Dhaka-1216Mr. Mohammed Majibur Rahman Khan FCA (943) 09 August 2011PartnerAziz Halim Khair ChoudhuryChartered AccountantsHouse # 73, Road # 12A, Dhanmondi R/ADhaka-1209Mr. Md. Fazlul Haque FCA (933) 10 August 2011General Manager (F&A)Aman Group2, Ishakha AvenueSector-6, Uttara, Dhaka-1230Mr. Md. Rokonuzzaman FCA (936) 10 August 2011Finance ControllerCoats Bangladesh Ltd.Novo Tower (4th floor)270, Tejgaon I/A, Dhaka

Name Effective DateMr. Jyotish Mandal FCA (954) 14 August 2011Finance ManagerTranscom Beverages Ltd.Gulshan Tower (10th floor)Plot # 31, Road # 53Gulshan North C/A, DhakaMr. Syed Mustaque Ahmed FCA (956) 14 August 2011Director & Company SecretaryAlltex Industries Ltd.Shadharan Bima Bhaban-2 (12th floor)139, Motijheel Com. Area, Dhaka-1000Mr. Mohammed Sabir Ahmed FCA (949) 16 August 2011CEO & Company SecretaryReliance Insurance Ltd.BSB Building (11th floor)8 Rajuk Avenue, Dhaka-1000

Permission to Start PracticeThe following members have been granted permission to start Practice asPublic Accountants with effect from the dates as shown against theirnames.Name Effective DateMr. Shekhar Kumar Halder ACA (1087) 13 July 2011PartnerS P Chowdhury & Co.Chartered AccountantsApartment # A4, House # 6 (5th floor)Road # 7, Block-CNiketon, Gulshan-1, Dhaka

Permission to join as PartnerMr. Shekhar Kumar Halder ACA (1087) have been permitted to formpartnership and continue practice under the name and style of

Name Effective DateM/s S P Chowdhury & Co. 13 July 2011Chartered AccountantsApartment # A4, House # 6 (5th floor)Road # 7, Block-CNiketon, Gulshan-1, DhakaThe other partner of the Firm: Mr. Chandra Shakhar Pal Chowdhury ACA(1004).

We are very shocked to inform you thatMohammad Idris FCA (Enrol, 394), asenior member of the Institute of CharteredAccountants of Bangladesh (ICAB) andPartner of Alamgir & Idris, CharteredAccountants expired on 10th August. (Innalillahe ……… Rajeun). The members of theInstitute expressed deep sorrow at thedemise of M. Idris and prayed to AlmightyAllah, the merciful for salvation of his departed soul and give thebereaved family the strength and courage to bear the irreparable loss.

Mohammad Idris FCA

We Mourn