Following the global financial crisis in

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1 ISSN ICAB News BulletinNo. 268 Monthly News briefing from the Institute of Chartered Accountants of Bangladesh MEMBER OF: Muhith Inaugurates the ICAB-CAPA International Conference IN THIS ISSUE Muhith Inaugurates the ICAB-CAPA International Conference ICAB Organizes Press Conference CAPA-Public Sector Financial Management Committee Meeting Meeting held between ICAB and ACCA Delegation President's Communicatio - ICAB Members' Conference Observance of 25th Bangladesh CA Hostel Anniversary Record Number of Candidates pass final CA Exams President meets ICAEW President President Visits UK Chapter Observance of International Mother Language Day UK Chapter Activities- Permission to Start Practice Permission to Join as Partner We Mourn Mr. Abul Maal Abdul Muhith, MP, Hon'ble Finance Minister, GoB, delivering his speech as Chief Guest of ICAB-CAPA International Conference Inaugural Session at Pan Pacific Sonargaon Hotel, Dhaka. Following the global financial crisis in 2008 and recent sovereign debt around the world, there has been a growing emphasis on improved governmental financial reporting, and increased demand for accountability and transparency. The Institute of Chartered Accountants of Bangladesh (ICAB) and the Confederation of Asian and Pacific Accountants (CAPA) jointly organized a full-day International Conference held on 23 at Pan Pacific Sonargaon Hotel, Dhaka. Mr. Abul Maal Abdul Muhith, MP, Hon ble Finance Minister, GoB was the Chief Guest of the Conference. Delivering his speech as Chief Guest, Mr. Abul Maal Abdul Muhith, MP, Hon ble Finance Minister, GoB said our government is always concerned on how to bring financial discipline in public sector. I hope this conference will provide the professionals with the opportunity to exchange their views and knowledge and come up with suggestions to strengthen Bangladesh Public Sector Accounting and Auditing. GM Quader, MP Special Guest

2 Mr. G. M. Quader, MP, Hon ble Commerce Minister, GoB, Special Guest of the ceremony said that to improve the economic condition, a joint effort of the governments across the globe is essential. Bangladesh government is equally concerned on how to improve our economy by bringing financial discipline in public sector. Delivering the address of welcome the Chairman of the Organizing Committee of the Conference Mr. M. Farhad Hussain FCA said that Accountability in the public sector M. Farhad Hussain FCA Chairman environment is a very complex process. The concept of accountability of public resources is key in our aspiration of good governance and sustainable governing process and a critical element for a democracy. Legislators, government officials, and the public want to know whether government services are being provided efficiently, effectively, economically, and in compliance with laws, rules and regulations. Public sector auditing is a key element to ensuring the government s accountability to all stakeholders in the public interest. It is apparent that the Government Audit makes a clear distinction between Receipts & Payments Audit (cash based accounts) and True and Fair View Audit (accruals based accounts), depending on the accounting system used. The CAG is empowered to conduct audits of the financial administration and performance management processes of the public sector. Time has now come for appropriate authorities of the Government, like the CAG, to take cognizance of the usefulness of ICAB News Bulletin No. 268 adoptability and practical implementation of the international public sector accounting and auditing standards to ensure high quality transparency and credibility of reported financial information. The CAG may consider leveraging the professional services of Chartered Accountants through mutually beneficial, strategic Public Private Partnerships in Government/ Public Sector accounting and Auditing. Mr. Md. Syful Islam FCA, President, ICAB delivered his inaugural speech. He said that the Conference theme Md. Syful Islam FCA President-ICAB A view of the Audience of ICAB-CAPA International Conference 2

3 focuses on the contentious issues of world economy that needs to be addressed urgently. The Public sector provides the required thrust to the economy and nurtures the human resources, which is the vital ingredient for success of any enterprise; public or private. The Public sector in Bangladesh as well as the regional countries faces new challenges of accountability and transparency in the case of economic, efficient and effective use of public resources. The region becomes concerned to safeguard their national economy chasing the requirement of high quality Accounting and Auditing to support the high quality Financial Management. Strengthening Public Sector Accounting and Auditing can ensure accountability and transparency in procurement of government resources, formation of proper budgets, keeping proper recording and reporting of assets as well as providing accurate financial information. Hence, practice on International Accounting and Auditing Standards, following IPSAS, ISA and ISSAI (The International Standards of Supreme Audit Institutions) in Supreme Audit Institution (SAI) of the nations is the prime requirement for the progress of regional economies. Keith Wedlock President-CAPA Mr. Keith Wedlock, President, CAPA said that CAPA exists to develop, coordinate, and advance the accounting profession in the Asia Pacific region. The Asia Pacific region is an increasingly important and strong contributor to the global economy, demonstrating leadership in many areas of business and finance. Public sector accounting, auditing and reporting has been prominent in recent times, following a series of countries experiencing sovereign debt issues and also with many government interventions following the latest global financial crisis. Anwaruddin Chowdury FCA Paper Presenter The theme paper was presented by Mr. Anwaruddin Chowdhury FCA. In his paper, he broadly explained the Public Sector Accounting and Auditing practices in Bangladesh. He said that the adoptability of IPSAS and/or Accrual-based accounting or for that matter the application of ISSAI or ISA, in Public Sector Accounting and Audit practices, may not be a panacea for overcoming all economic ills (shortcomings) prevailing in the public sector financial reporting and auditing systems in Bangladesh or the SAFA/CAPA ICAB News Bulletin No. 268 regions, however, it would be a pragmatic step to move towards restoration of financial discipline and strengthening public sector financial management through more objective financial reporting and credible auditing. He also added that we should form strategic partnership with professional accountancy bodies like the ICAB and ICMAB. This would impart tremendous synergy and quality assurance through sharing of knowledge, technical skills and professional expertise. Md. Abdus Salam FCA Vice President Mr. Md. Abdus Salam FCA, Vice President, ICAB offered the vote of thanks at the Conference. There were two technical sessions in which 7 technical papers were presented. 3

4 ICAB News Bulletin No. 268 Immediately before the ICAB- CAPA International Conference, the Institute of Chartered Accountants of Bangladesh (ICAB) organized a Press Conference on 21st at Traning Room, 6th floor, CA Bhaban. Mr. Md. Syful Islam FCA, President, ICAB presided over the conference. Vice Presidents, Council Members participated in the press conference. Mr. Md. Syful Islam said that at the backdrop of present financial crisis, the demand for effective Public Sector Financial Management in respect of economic growth is very urgent. In Bangladesh, the Accounting and Auditing practices is based on Cash Basis Accounting, which does not really encourage the International Public Sector Accounting Practices and in many cases fail to report on Economic, Efficient and Effective use of public resources with proper accountability and transparency. In the conference the ICAB representatives drew attention to the roles and functions of the Institute that are unknown to many. The conference highlighted the importane of the coverage of the Press Conference conference of the Institute of Chartered Accountants of Bangladesh (ICAB), representing the accountancy profession in Bangladesh, and the Confederation of Asian and Pacific Accountants (CAPA) representing the regional accountancy profession, of which ICAB is a Member. The focus of the conference as explained, following the global financial crisis and recent debt crisis around the world, the growing urgency for accountability and transparency especially in public sector, is to be address in international and national perspectives. As such, it is imperative that a country like Bangladesh reviews it s exiting Accounting and Auditing system so that the challenges can be successfully met. It was informed to the journalists that ICAB-CAPA had been organizing an International Conerence on the subject Strengthening Bangladesh Public Sector Accounting & Auditing- Global Reforms and the Way Forward, on 23. It further elaborated that the Conference is a manifestation of the ICAB and CAPA s proactive initiatives and firm commitment to serving the public interest and adding value to the economic growth of the region. The Conference is envisaged to catalyze Government recognition to effect necessary changes for implementing robust public sector financial management, ensuring high quality financial reporting and credible auditing systems, catering to the needs of diverse stakeholder groups. Mr. Md. Syful Islam FCA, President, ICAB briefing the Press Conference in the ICAB Training Room. 4

5 Technical Session-I The Conference held Technical Session-I on "Public Sector Accounting and Auditing- Current Status, Issues and Challenges. The session was chaired by Mr. Geoff Applebee, Chairman, CAPA PSFM Committee. Technical Paper on Public Sector Accounting and Auditing Global Overview" was presented by Mr. Brian Blood, Chief Executive of CAPA, Public Sector Management and Regional Development Donor Partnerships by Ms. Jennifer K. Thomson, Manager, Financial Management, The World Bank, Public Sector Accounting and Auditing in Bangladesh Status, Issues and Reforms by Mr. Ahmed Ataul Hakeem FCMA, Comptroller & Auditor General of Bangladesh. Technical Session-II Technical Session-II on Public Sector Accounting and Auditing The Way Forward was chaired by Mr. Abbas Uddin Khan FCA, Member Council & Past President ICAB. 4 technical papers were presented in this Session. Technical paper on Transition to Accrual Accounting Accountability, Transparency and Governance by Ms. Sumita Shah, Technical Manager, Public Sector of ICAEW, Reforming the Auditor General s Office The Sri Lankan Experience by Mr. Sujeewa Mudalige, Deputy President CAPA, Reforms in Public Sector Financial Management A Regional Perspective prepared by Mr. Masud Muzaffar, Former Accountant General of Pakistan which was presented by Mr. Rafaqat Ullah Babar FCA, Council Member of ICAP. Validictory Session In the Valedictory Session, Barrister Shafique Ahmed, Hon ble Minister, Ministry of Law, Justice & parliamentary Affairs, GoB was present as the Chief Guest. Mr. Md. Humayun Kabir FCA, Member Council & Past President ICAB wrapped up on 'highlights' of the Conference. Mr. Anwaruddin Chowdhury FCA, Member Council & Past President ICAB in his concluding speech highlighted the achievements of the Conference and focused on how the achievements/recommendations can be implemented by respective ICAB News Bulletin No. 268 Mr. Geoff Applebee, Chairman, CAPA PSFM Committee delivering his speech on Technical Session-I. A cultural show after Validictory Session. body of the Bangladesh government. The program ended with a colourful laser show and cultural programme reflecting Bangladeshi culture which was followed by a dinner. Mr. Abbas Uddin Khan FCA, Member Council & Past President ICAB delivering his speech on Technical Session-II. 5

6 Confederation of Asian and Pacific Accountants (CAPA) Public Sector Financial Management Committee Meeting hosted by the Institute of Chartered Accountants of Bangladesh (ICAB) was held at Pan Pacific Sonargaon Dhaka, on 24. The meeting was chaired by Mr. Geoffrey R. Appelebee, representative of the Institute Chartered Accountants in Australia (ICAA) and CPA Australia. The meeting was attended by different delegates from home and abroad. Among others Mr. Md. Syful Islam FCA, Presiedent, ICAB, Mr. Keith Wedlock, President, CAPA, Mr. Brian Blood, CAPA Chief Executive, Mr. Sujeewa Mudalige, Deputy President, CAPA, Ms. Sumita Shah, representative ICAEW, Ms. Jennifer Thomson, representative, World Bank, Mr. Gillan Fawcett, representative ACCA, Mr. Anwaruddin Chowdhury FCA, Director, CAPA, Mr. Farhad Hussain FCA, Chairman Organizing Committee of CAPA-ICAB International Conference, Mr. Md. Humayun Kabir FCA, Member Council and Past President, ICAB, Mr. N I Chowdhury FCA, Secretary, ICAB and also representatives from New Zealand, Korea, Australia, Pakistan, India, Nepal attended the meeting. The meeting formed the Public Sector Financial Management Committee and its terms of reference. It also defined ICAB News Bulletin No. 268 CAPA Public Sector Financial Management Committee Meeting A view of the ICAB-CAPA Board Meeting held at Pan Pacific Sonargaon Dhaka, on 24. the strategy as to how CAPA can best contribute to the development of high quality public sector accounting, auditing and financial management across the region. It also developed the work programme and discussed relevant issues. Finally, it was rounded up with the discussion on the future proposals and recommendations that is to be brought to the Board/Strategy Committee. Ameeting with ACCA delegation comprised of Ms. Lucia Real Martin, Director, Emerging Markets-Asia, Ms. Gillian Fawcett, Head of Public Sector and Ms. Mahua Rashid, Country Manager, ACCA Bangladesh was held on 22 at ICAB Office. ICAB team comprising, Mr. Md. Syful Islam FCA, President, ICAB, Mr. Md. Abdus Salam FCA, Vice President (Education & Training), Mr. M. Farhad Hussain FCA, Member Council & Past President, ICAB, Mr. N I Chowdhury FCA, Secretary- ICAB, Dr. Mahfuzul Hoque, Director (LPD), Mr. Mahbub Ahmed Siddique ACA, Sr. Deputy Director and Ms. Sayma Banu, Deputy Director (LPD)- ICAB attended the meeting. The neeting focused on the possible avenues for future cooperation between ICAB and ACCA. Meeting held between ICAB, ACCA Dlegation Mr. Md. Syful Islam FCA, President, ICAB is seen with the delegation of ACCA. 6

7 President's Communication Dear Fellow Members, Assalamu Alaikum. I would like to thank our members, both at home and abroad for very encouraging response to my earlier communication of January 2012 and for your valuable suggestions, which I shall try to implement in the months ahead. I would like to share below the major activities and initiatives we have undertaken in : Major Activities in Members Conference at Dhaka 2nd Members Conference for 2012 was held on 06 evening on the theme An Alternative Financial System for Inclusive Growth and Sustainable Development. Dr. Atiur Rahman, Governor, Bangladesh Bank was present in the conference as the Chief Guest. Mr. Md. Humayun Kabir, Managing Director, Sonali Bank Ltd. and Mr. Md. Abdul Mannan, Managing Director, Islami Bank Bangladesh Ltd. participated the occasion as Panel Speakers. Mr. Anwaruddin Chowdhury FCA, Member Council & Past President ICAB Chaired the Conference. Mr. Md. Abdus Salam FCA, Vice President (E&T)-ICAB presented the keynote paper. A good number of members attended the Members Conference and participated in the discussion. Meeting with ICAEW President & his team On an official visit to the UK, I met Mr. Clive Parritt FCA, President ICAEW in his ICAEW office, London on 10. Mr. Justin West, Head of New Business Opportunities, Ms. Jean Ettridge, Head of International Affairs and Ms. Sumita Shah, Technical Manager, Public Sector of ICAEW also joined that meeting. Mr. Vernon Soare, Executive Director of ICAEW participated that meeting through teleconference. During the meeting, I focused on following points and requested President ICAEW to extend their further support and cooperation: Need an ongoing cooperation to form an improved management structure of ICAB and train them to work effectively; Update the current study materials, preparation of question banks for different levels and stages, specially reviewing the case study prepared by ICAB resource Team; Arrangement of more Training for ICAB tutors, Examiners, Question Setters and assessors Arrangement of interactive Training and Workshop on IFRSs, ISAs, Professional development and others technical matters for ICAB Members and Technical Staff; To work on improvement of tuition facility for ICAB students; Actively work with QAD-ICAB and support QAD to strengthen the audit firm capacity building in line with the IFAC requirements (ISQC1 and SMO 1) and to enhance the audit quality monitoring; Actively support ICAB to effective implementation of IFAC SMOs Requirements; To enrich the ICAB existing website, e-library system and online education and to set up a modern computer lab with full support of IT equipment for members and students; To set up an English Language lab/centre for the students; To enhance the mutual cooperation on different development issues of ICAB; After detailed discussion, President ICAEW assured me that they will consider inviting one Bangladeshi Tutor to UK to study ICAEW final three papers and sit exams in Besides, ICAEW will also consider to bear the expenses of that Bangladeshi tutor partly. Mr. A K M Fazlur Rhaman FCA, Chairman-ICAB UK Chapter also participated the meeting with me. Before meeting with President ICAEW, another official meeting was held with ICAEW Executives on Case Study Review on the same day. Mr. Justin West, Mr. Samuel George Binks, Senior Case Study Expert and Ms. Jean Ettridge participated in that meeting from ICAEW. During meeting I thanked Mr. Samuel Binks for conducting training to ICAB Case Study ICAB News Bulletin No. 268 trainers and Case Writing Workshop in ICAB last month. Mr. Blinks assured me that he will send his report on Case Writing Workshop, assessment using case studies and recommendations on it. I briefed the ICAB Action Plan on Case Study Development to them. Mr. Justin West & his team assured us that they are interested to provide further fruitful assistance to ICAB on Case study matter. Meeting with Office bearers and members of ICAB UK Chapter, in London ICAB UK Chapter arranged a meeting in honour of visiting ICAB President in London on 11. Mr. A K M Fazlur Rhaman FCA, Chairman-ICAB UK Chapter presided over the meeting where other members of the UK were present. I appraised members and UK Chapter officials present there, on various actions taken by the present Council, for the benefit of the profession and its members. I also apprised them my plans for rest of the year. Members present at this meeting suggested to arrange publication of UK Chapter s activities in the ICAB Monthly News Bulletin. Chairman, UK Chapter informed that students now residing in London are interested to attend forthcoming ICAB CA Examination (Knowledge Level). I assured them to look into these matters and suggested ICAB UK Chapter to arrange coaching classes for students by competent paid tutors before sitting for the examination under new ICAB syllabus. I also suggested them to keep ICAB Secretariat informed about their activities in the UK to enable ICAB to publish news of their activities in the monthly news bulletin. Observance of 25th Bangladesh CA Hostel Anniversary Bangladesh CA Hotel Students celebrated its 25th anniversary on 19 in a festive mood. Mr. GM Quader, MP, Hon ble Minister for Commerce, GoB graced the occasion as the Chief Guest. As President ICAB, I participated that occasion as the Special Guest. Mr. Md. Abdus Salam FCA, Vice President (Education & Training), Mr. Abu Nayeem, Senior Deputy Secretary-ICAB also attended the function. 56 CA students now staying in the CA Hostel also drew attention on some of the difficulties they are facing. Observance of International Mother Language Day February reminds us of our values as a nation. We honour and salute the martyrs who sacrificed their lives to glorify our language and culture. United Nations General Assembly in its resolution formally recognized this Day as the International Mother Language Day in Now International Mother Language Day is observed worldwide on 21 February to promote awareness of linguistic and cultural diversity and multilingualism. ICAB also observed Mohan Ekushey February with due solemnity and homage to the martyrs of the language movement. Mr. Md. Shahadat Hossain FCA, Member Council ICAB led a Provat Ferry. The procession began at CA Bhaban and ended at Central Shaheed Minar with placing of floral bouquet at National Shaheed Minar. Meeting with ACCA delegation A meeting with ACCA delegation comprised of Ms. Lucia Real Martin, Director, Emerging Markets-Asia, Ms. Gillian Fawcett, Head of Public Sector and Ms. Mahua Rashid, Country Manager, ACCA Bangladesh was held on 22 at ICAB Office. ICAB team comprising of myself, Mr. Md. Abdus Salam FCA, Vice President(Education &Training), Mr. M. Farhad Hussain FCA, Member Council & Past President ICAB and Mr. N I Chowdhury FCA, Secretary-ICAB, Dr. Mahfuzul Hoque, Director(LPD), Mr. Mahbub Ahmed Siddique ACA, Sr. Deputy Director and Ms. Sayma Banu, Deputy Director(LPD)-ICAB. Meeting focused on the possibile avenue of future cooperation between ICAB and ACCA. 7

8 ICAB News Bulletin No. 268 ICAB-CAPA International Conference International Conference on Strengthening Bangladesh Public Sector Accounting & Auditing Global Reforms and the Way Forward was held at Pan Pacific Sonargaon Hotel, Dhaka on 23. ICAB and Confederation of Asian & Pacific Accountants(CAPA) jointly organized this Conference. A Press Conference was held on 21 February at ICAB on the Conference where large number of Reporters from Print and electronic media attended. I briefed them the importance of the Conference for development of public sector accounting & auditing in the context of rapid economic growth of Bangladesh. Mr. M. Farhad Hussain FCA, Chairman, Conference Organizing Committee, Mr. Md. Abdus Salam FCA, Vice President (E&T)-ICAB and Mr. Anwaruddin Chowdhury FCA, Member, CAPA Board & Conference Coordinator were also present in the Press Conference. On the occasion, special newspaper supplements were published in The Prothom Alo, The Daily Star, The Financial Express and The Independent on 23. Inaugural Session Mr. Abul Maal Abdul Muhith, MP, Hon ble Finance Minister, GoB inaugurated the Conference in the morning of 23 as the Chief Guest. Mr. G.M. Quader, MP, Honb le Commerce Minister graced the Conference as the Special Guest. Welcome address was made by Mr. M. Farhad Hussain FCA, Member Council & Past President ICAB and Chairman of the Conference Organizing Committee and vote of thanks by Mr. Md. Abdus Salam FCA, Vice President (E&T)-ICAB. As the host of the Conference, I and Mr. Keith Wedlock, President CAPA also addressed the Inaugural Session. Mr. Anwaruddin Chowdhury FCA, Member Council & Past President ICAB and Member, CAPA Board presented the Keynote paper. About 600 participants from home and abroad, including delegates from CAPA member countries participated in the Inaugural Session of the Conference. Technical Session-I The Conference held technical session-i on Public Sector Accounting and Auditing- Current Status, Issues and Challenges. The session was chaired by Mr. Geoff Applebee, Chairman, CAPA PSFM Committee. Technical Paper on Public Sector Accounting and Auditing Global Overview was presented by Mr. Brian Blood, Chief Executive of CAPA, Public Sector Management and Regional Development Donor Partnerships by Ms. Jennifer K. Thomson, Manager, Financial Management, The World Bank, Public Sector Accounting and Auditing in Bangladesh Status, Issues and Reforms by Mr. Ahmed Ataul Hakeem FCMA, Hon ble Comptroller & Auditor General of Bangladesh. Technical Session-II Technical Session-II on Public Sector Accounting and Auditing The Way Forward was chaired by Mr. Abbas Uddin Khan FCA, Member Council & Past President ICAB. Four technical papers were presented in this Session. Technical paper on Transition to Accrual Accounting Accountability, Transparency and Governance by Ms. Sumita Shah, Technical Manager, Public Sector of ICAEW, Reforming the Auditor General s Office The Sri Lankan Experience by Mr. Sujeewa Mudalige, Deputy President CAPA, Reforms in Public Sector Financial Management A Regional Perspective prepared by Mr. Masud Muzaffar, Former Accountant General of Pakistan which was presented by Mr. Rafaqat Ullah Babar FCA, Council Member of ICAP. Valedictory Session In the Valedictory Session, Barrister Shafique Ahmed, Hon ble Minister, Ministry of Law, Justice & parliamentary Affairs, GoB was the Chief Guest. Mr. Md. Humayun Kabir FCA, Member Council & Past President ICAB made wrap up on highlights of the Conference. Mr. Anwaruddin Chowdhury FCA, Member Council & Past President ICAB in his concluding speech highlighted the achievements of the Conference and focused on how the achievements/recommendations can be implemented by respective body of the Bangladesh government. The program ended with a colourful laser show and cultural programme reflecting Bangladeshi culture which was followed by a grand dinner. CAPA PSFM Committee meeting held On February 24, 2012, CAPA Public Sector Financial Management(PSFM) Committee meeting was held on 24 at Pan Pacific Sonargaon Hotel, Dhaka followed by a lunch. Members of the CAPA PSFM Committee, Technical Advisors of the Committee members and Observers attended the meeting. ICAB is pleased to host this CAPA Committee meeting for the first time in Bangladesh. Mr. Faiz Ahmad FCA (Enrolment No. 81) expired on 24 We were deeply shocked and saddened to hear the news of the untimely death of our highly respected member Mr. Faiz Ahmad FCA (Enrl. # 81) who expired in the night of 24 (Inna Lillahe..Rajeun). His Namaj-e-Janaza was held in the following day in a local mosque at Chittagong. President ICAB in his condolence message expressed sympathy to his family and prayed for the salvation of the departed soul. The condolence message was sent to his son. Results of Professional Examination: November-December 2011 Chartered Accountancy Education is one of the core activities of ICAB. Hence, finalization of results of November December 2011 was the important job of the month. Results of Professional Examination held in November December 2011 were declared on 27 are as follows: Level Appeared Successful Partly passed Knowledge (including 6 students who will require to appear conversion course on accounting) Application Advanced(Integration) PE-III A total number of 73 students successfully qualified PE-III exam and became eligible to be Chartered Accountants. Congratulations to qualified and partly qualified students. We are trying our best to improve quality of education and I request the students to give focus more on studies. I hope newly qualified are going to take our legacy ahead. Standing and Other Committee Meetings Held The following Standing and other Committee meetings were held in February, 2012: Committee of the Organizing Committee of ICAB-CAPA Joint Conference was held on 06. 1st meeting for 2012 of the Articled Students Committee (ASC) was held on February 07, Case Study Presentation & Review meeting was held on 11 February st meeting for 2012 of Board of Studies (BOS) was held on February 20, st meeting for 2012 of Examination Committee was held on February 27, rd meeting for 2012 of the Council was held on February 27, 2012 Before I conclude, I take this privilege to thank you all of our members for their active participation in the International Conference to make this mega event successful. I am confident, together we can advance our profession for tomorrow s world. Yours sincerely, Md. Syful Islam FCA March 01,

9 ICAB News Bulletin No. 268 ICAB Members' Conference To tackle the Global Challenges, Developing Countries can play greater roles Speakers at the Conference Dr. Atiur Rahman, Governor, Bangladesh Bank delivering his speech in a Members' Conference of the Institute of Chartered Accountants of Bangladesh (ICAB) auditorium. Redesigning growth and making it more inclusive is crucial to global and sustainable development in the post crisis era, said the speakers in a Conference for the ICAB Members held on Monday, 06 at p.m. at ICAB Auditorium, organized by the Institute of Chartered Accountants of Bangladesh (ICAB) on An Alternative Financial System for Inclusive Growth and Sustainable Development Dr. Atiur Rahman, Governor, Bangladesh Bank graced the occasion as Chief Guest. Mr. Md. Humayun Kabir, Managing Director & CEO, Sonali Bank Ltd. and Mr. Mohammad Abdul Mannan, Managing Director, Islami Bank Bangladesh Ltd., were present at the Conference as Panel Speakers. Mr. Anwaruddin Chowdhury FCA, Member Council & Past President, ICAB conducted the session as Session Chairman. Mr. Md. Abdus Salam FCA, Vice Md. Syful Islam FCA President-ICAB President, ICAB presented the keynote paper. Mr. Md. Syful Islam FCA, President, ICAB welcomed everyone and addressed the gathering by saying that, as the economy of a country evolves over the years, the instrument for a sustainable inclusive growth which is assumed to be the Financial System of the country need to be sustainable, as well. However, the issue of interest based banking system has further raised the question whether the banking system based on interest can at all, contribute to promote sustainable development or not. It is sometimes argued that the mainstream banking based on interest itself accelerates cyclical fluctuation i.e. Expedite recession which needs to be addressed effectively. 9

10 Dr. Atiur Rahman Chief Guest Dr. Atiur Rahman, Government, Bangladesh Bank delivered a valuable speech as Chief Guest of that Conference. He said that in Bangladesh, the present Government in its present plan for seeks to achieve an economic 'growth which is not only high but also inclusive. By inclusiveness, we understand a growth strategy' that embraces all population of Bangladesh rather that big chunk of money in the hands of a number of elites which is the case in many developed economies as well as to some of the emerging economies in our region. Md. Humayun Kabir Panel Speaker "The financial system is a set of organized institutional set-up through which surplus units transfer their funds to deficit units. The panel speakers define a financial system fair narrowly, to consist of a set of markets, individuals and institutions, which trade in those markets and the supervisory bodies responsible for their regulation. The new challenges for emerging economies are the capacity constraint due to the expansion of monetary and fiscal policy", said Mr. Md. Humayun Kabir as one of the panel speakers. Another panel speaker Mr. Mohammad Abdul Mannan Panel Speaker Mohammad Abdul Mannan added that Now we are observing inflation globally. This becomes more complicated with the capital flows, which affects many emerging countries. Food has also become a key concern, inflation has made it worse, A rich paper was presented by Mr. Md. Abdus Salam FCA. In his paper he broadly discussed that the recent global financial crisis has brought meaningful changes in the international financial panorama. Important normative reforms are at present in the pipeline to reinforce the ICAB News Bulletin No. 268 Md. Abdus Salam FCA Vice President international financial system to prevent the coming of another such crisis. Mr. Salam mainly focused on the perspective of systemic capacity of the newly emerged banking known as Islami Banking. The Conference was followed by a lively floor discussion. Anwaruddin Chowdhury FCA Session Chairman Conducting the Conference Mr. Anwaruddin Chowdhury FCA said that a financial system organized and modeled on rules of ethical behavior can represent the way to come out of the present economic crisis and to restore the savers and the investors trust, whose choices are decisive for the upturn in the real economy. 10

11 ICAB News Bulletin No. 268 Observance of 25th Bangladesh CA Hostel Anniversary Bangladesh CA Hotel Students celebrated its 25th Hostel Anniversary 2012 (Silver Jubilee) on 19 at a local hotel. Mr. GM Quader, MP, Honʼble Minister for Commerce, GoB graced the occasion as the Chief Guest. Mr. Md. Syful Islam FCA, President, ICAB was present as Special Guest. Mr. Md. Abdus Salam FCA, Vice President (Education & Training) also attended the function. The Management Committee (MC) had a meeting on Saturday 11 at the office of the Sonali Bank (UK) Limited, Osbourne Street, London E1. Mr. Md. Syful Islam FCA, President of ICAB was present at the meeting. The MC discussed issues of the UK Chapter and affairs of the Institute with the President of ICAB. The Chairman of the UK Chapter mentioned specifically about the inclusion in Bye- Laws of ICAB 2004 regarding mandatory compliance of BSA, BAS and IFRS by the CA firms and to preparer financial statements of limited companies. The Chairman also mentioned the active role to be taken by the ICAB in recommending the changes and reforms of the Companies Act which the Govt. Of Bangladesh is considering now especially the appointment and removal of company auditors (SEC 210 & 211). The student affairs were discussed with Mr. Syful Islam FCA, President of ICAB especially resuming the London CA Examination Centre due to high demand of CA students (Course Completed)who are either doing ACCA or other further studies in the UK. The idea of UK Principals offering Articleship in UK was also considered in order to attract more number of CA students. Miss Priyanka ACCA and Mr. Sakib ( an ICAEW student under training contract) attended the MC meeting at the invitation of the Chairman of the ICAB UK Chapter. The Chairman of the ICAB UK Chapter attended the Language Day 21 at the Water UK Chapter Activities Lily, East London on the invitation of High Commissioner of Bangladesh in London. Dr. Dipu Moni, Honourable Foreign Minister was also present and delivered a speech on Language Day. The Chairman requested and obtained from the office of Bangladesh High Commission in London the names of all non- political organisations with names of President/ Chairman, Secretary with whom the BHC maintains liaisons and communicates. On Wednesday 22, twenty UK Chapter members including prospective members attended a free Seminar on Anti- Money Laundering, Bribery Act 2010 and other legal issues especially employment law affecting accountancy profession in the UK, at Chartered Accountants Hall, London. The CEO of ICAEW, Michael Izza FCA was the Chairman of the Seminar. The UK Chapter members of India, Pakistan, Srilanka, Newzeland, Australia and South Africa were also attended. Our members have had an opportunities to meet and networking with the members of the other UK Chapters of overseas professional bodies in the UK. The Chairman of the ICAB UK Chapter had a meeting with the Chairman of India and Srilanka and discussed about organising joint professional and social activities in UK. It is nice to know that the Indian UK Chapter has 600 members in the UK. Most of them are working in profession including big 4 and lot of them have taken ICAEW membership through the route of MOU between ICAEW & ICAI. 11

12 ICAB News Bulletin No. 268 Record Number of Candidates pass final CA Exams The ICAB Professional Examinations November-December 2011 saw a record number of 73 candidates who have cleared their Final Exams and are now eligible for membership of ICAB. Results of these examinations were published recently. The members of the Editorial Board congratulate the successful candidates and wish them all success in their future endeavours. Farooq Ahmmad Bhuya Nadia Zaman Shahadat Hosen Mohammad Arif Sumon Chandra Dey Md Milad Uddin Md. Shah Amran Biplab Hossain Mohammad Atiqur Rahman Md Ramiz Uddin Md Abdul Wadud James Tutul Mondal K M Kawsar Ali Mohammd Rostam Hossain Md Selim Reza Md. Abu Bakar Siddik Md. Mahbubul Haque Ihsanul Arefin Abuzer Ghaffari Md. Saiful Hasan Adneen Mourin Hussain Md. Abu Nafiz Mashruna A. Chowdhury Muhammad Mahmudul Hoq Dipok Kumar Roy 12

13 ICAB News Bulletin No. 268 Abu Sayed Mojumder Mohammed Iftekharul Islam Md. Monjurul Hassan Imam Hossan Md. Abdullah Al Masud Imtiazur Rahman Nizamul Islam Md. Rejaul Karim Bijoy Kumer Mondal Kazi Md Zafrullah Monojit Kumar Ojha Mohammad Ibrahim Abdul Awal Khan Md Abu Bakar Siddique Dhali Tanvir Ahmad Siddiqui Ayesha Rahman Md. Manzoor-A-Quader Noornavi Bhuiyan Dawwan Shakil Ahmed Md Alauddin Khan Mohammed Al-Amin Mahmood Hasan Faruq Md Noor-ul-Alam Oishee Labina Hussain Tarek Rashid 13

14 ICAB News Bulletin No. 268 Md Shohel Rana Abu Hena Mustafa Kamal Mohammad Ruhul Quddus Tanvir Hasan Sheikh Zahidul Islam Mohammad Atiqur Rahman Shakil Ahmed Md. Parvej Ahmed Joly Rozario Md Yaqub Ali Pankoj Suter Farhana Mahejabin Babla Basu Md. Akteruzzaman Khan Md. Wadud Ahmed Md Sayem Mia Md. Asraful Huq Khaled Mohammad Munirul Muktadir Mohammad Nazmul Hossain Mohammad Refaul Karim Chowdhury Md. Rabiul Shaikh Abdul Momen Md Shaiful Islam 14

15 ICAB News Bulletin No /5/ICAB-93- In pursuance of bye-law 123 of the Bangladesh Chartered Accountants Bye-laws 2004, the Council of the Institute of Chartered Accountants of Bangladesh (ICAB) has declared the following result of the Professional Stage (Knowledge Level), Professional Stage (Application Level) and Advanced Stage (Integration) of the Institute held in November-December Candidates who have passed Professional Stage (Knowledge Level) Sl # Reg # Name of Candidates Roll # Rumen Sarvabidya Rajib Kumar Baidya Syed Ishtiaq Ahmed Mohammad Anisuzzaman Kamal Uddin Md. Abul Moonsur Ali Absar Sujan Das Afzal Hossain Arup Datta A. K. M. Shamsuddin Hasan Murad Kazi Abdul Salam Sheikh Masud Ahammad Md Tohidul Islam Tansen Chakraborty Md. Sharif Billah Bhuiyan Rumana Sultana Nihar Ranjan Das Sharma Md. Belal Hossain Chowdhury Rajib Das Md. Belal Hossain Imrul Kabir Chowdhury Md Rezaul Karim Narayan Mazumder ATM Sarrowor Kamal Chowdhury Mohammad Ashraf Uddin Panna Kumar Dey Md Ziaur Rahman Md Shahadat Hossain Khan Umme Kulsum Jasmeen Akter Mohammad Aman Ullah Mohammad Hanif Billah Bhuiyan Md. Taslim Shahriar Md. Kamruzzaman Md. Shahadat Hossain Syeda Marzana Farha Md. Bani Amin Mehrooz Saima Fahmida Khan Sardar Tawhidul Islam Susmita Noor Sayed Erfan Saleh Shah Md. Mohin Uddin S.M. Mudrahir Rahaman Md. Jalal Uddin Kazi Munmun Ahmed Muna Marjana Md. Sohel Bhuiyan Pronab Kumar Kha Suman Chandra Nath Mahamudul Islam Mohammad Manik Sorker Subas Chandra Banik Md. Munsurul Haque Md. Bulbul Ahmed Md. Helal Uddin Md Rezaul Haque Rafikul Alam Probir Chandra Shaha Jasim Uddin Nazim Pronab Chandra Ghose Ohiduzzaman Md Sayeedur Rahman Shahid Md. Arifuzzaman Musficul Haider Muna Nur Al Chowdhury Md Sarif Uddin Syed Mahmud Hasan Md. Shakhawat Hossain Muhammad Nurul Islam Sarkar Madhu Shudan Das Md. Golam Mowla Mohammed Rezaul Karim Chowdhury Mostafa Monowarul Islam Md. Shuzaet Hossain Sanjib Kumar Banik Bilkis Akter Md. Moniruzzaman Mohammad Kamal Hossain Sanjib Kumar Rudra Sanjib Sarkar Md Rashel Khan Md. Mainul Islam Kawser Ahmed Md Rafiqul Islam Md. Main Uddin Syed Sazzad Hossain Jayanta Chowdhury 2114 Sl # Reg # Name of Candidates Roll # Md. Abul Kasem A S M Mohsenin Nayer Sultana Md. Saifur Rahman Mohammad Moazzem Hossain Palash Chandra Guha Mohammad Abdullah- Al-Maruf Sayeduzzaman Rajib Choudhury Md. Iqbal Kabir Jahid Sourav Shuvro Saha Probal Ahmed Sheikh Murshidul Aleem Md. Mostafijur Rahman Mohammad Taufiq Mahmud Md. Saiful Islam Md. Abu Isha Bhuiyan Kulsum Akter Shila Md Nure Islam Chowdhury Uttam Kumar Saha Md. Ahsan Habib Md. Zafran Tareque Chowdhury Md Tariqur Rahman Mohammad Jahangir Alam Kazi Rahala Jahan Noor Kazi Farhana Amin Tonny Md Monaim Hossen Md. Tajul Islam Tahmina Akter Rupan Chandra Saha S. M. Jakir Hossain Md. Zahidul Islam Atikur Rahman Khairul Islam Afzal Ahmed Ismail Miah Md. Rabiul Alam Md Ehsanul Haque Mohammadullah Sumon Md. Maruf Hasan Md Zinnah Shekh Md. Mizanur Rahman Md Moynul Islam Jabed Hossain Kamrun Nahar Mohammad Imtiaz Mohammed Arafeen Mohammad Sarwar Hossain Md Maruful Islam Tarafder Md Shahidul Islam Biddut Kumar Samadder Md Golam Mortoza Md Masiar Rahman Qazi Kawsar Husain Md. Shajalal-Bin-Emdad Md. Sabbir Hossan Hazari Tarun Kumar Bose Md. Imran Hasan Anwarul Alam Muhammad Md. Rabiul Islam Md Sadman Sakib Sree Tapos Kumer Datta Md Abdul Quddus Chandan Das Nigar Sultana Md Main Uddin Imrul Ahmed S M Sagirul Islam S M Abdul Mazed Md. Shahidul Islam Shariful Islam Chowdhury Awal Mia Lokesh Majumder Ujjal Chandra Das Tauhida Binte Halim Ahmad Sayeed Russel Debashis Chandra Das Mohammed Alam Md Nurul Alam Mohammad Wazed Ali Main Uddin Amirul Islam Mohammad Islam Uddin Tanvirul Islam Khan Muhammad Mushiur Rahman Mohammad Salah Uddin Mohammad Kamruzzaman Rony Mohammad Yeakub Md. kader Bhuiyan Arunjit Kumar Sutradhar Jahir Uddin Md. Abdullah Al Mamun Najmun Nahar Mohammad Didar Hossain

16 ICAB News Bulletin No. 268 Sl # Reg # Name of Candidates Roll # Md Uzzal Bhuiyan Md Aljobyear Hossain Sheikh Ezaz Ahmed A.R. S Ashikuzzaman Md. Bazlur Rahman Md Moniroul Azam Md. Mehedi Hasan Tito Forhad Hossain Animesh Chandra Saha Suman Kanti Das Md Mahmudul Islam Tarun Kumar Mandal Biswajit Pal Md. Abdul Bari Mohammad Farid Hossen Fateha Nur Shankar Prashad Biswas Md Faruquzzaman Md Kamrujjaman Md Anwar Hossain Shimul Rabea Siddiky Mohammad Monowar Noor Deepak Saha Subrata Kumer Kar Monojit Kumar Ghosh Md Abul Kashem Md. Shif All Mostakin Readud Sajiad Abdul Mannan Dipankar Roy Md. Abul Kalam Azad Syed Muhammed Raiyan Mohammad Shoujat Hossain Md Shaiful Islam Md. Jahurul Islam Md. Shohel Alam Shahajadi Gazi Obythozzaman Mohammad Iqbal Haider Redwan Liton Kumar Bhadra Md. Rawshan Zadid Amirul Islam Md Zakir Hossain Md. Mosharaf Hossain Md Abdul Hannan Kazi Rafiqul Azam Md Sumsuzzaman Bhuiyan Mohammad Enayet Kabir Shafat Ahamad Siddique Ashiq Mahmud Choudhury Mohammed Nazmul Hossain Abdur Rahman Hafez Mohammad Sarwar Mridhe Sadida Fazala Mohammad Abdul Karim Mohammed Ashaduzzaman Md. Abul Kashem Sheikh Kawsarul Haque Kazi Mukitul Islam Md. Shahadat Hossain Arifujjaman Rajiv Roy Md. Opu Sultan Mohammed Nazrul Islam Maruf Hossain Mohammed Zakir Hossain ASM Nazmul Hasan Sayed Jakir Hoshen Fatema Khatun Prabin Kumar Saha Md Shafiul Azam Mohammad Rezaul Karim Aminul Islam Mohammad Sobhan Dhali Muhammad Omar Faroque Utpal Kumer Sarker Md. Shahjahan Ali Mallick Manindra Kumar Mondal Yana Hasan Md. Kamal Hosen Howlader Md. Monir Hossen Chowdhury Md Razzab Ali AKM Kabirul Huda Naima Parvin Chowdhury Shaila Akther Chowdhury Md. Ashaduzzaman Subrata Kumar Roy Md Touhidul Islam Md Kamrul Hasan Selim Mohammad Balayet Hossain Kazi Nazmul Hossain Mithu Kumar Dash Muhammad Hazrat Ali Mohd. Shafiqul Islam Md. Shahabuddin Mollah Samapta Kumer Biswas Tanvir Ahmed Md. Arifin Monjur Md. Golam Maula 4658 Sl # Reg # Name of Candidates Roll # Rasheed Al-Morshed Md Nazrul Islam Abul Kalam S M Rafiq-Uj-Jaman S M Bulbul Ahamed Runalayla Suman Kumar Ghosh Md Khaladur Rahman Ashru Rani Saha Riffat Rahman Mohammad Hamidur Rahman Ms. Rezwana Arifin Khan Md. Iqbal Hossain Khondoker Moshammat Ayesha Siddiqua Ananda Mohon Ghosh Iqbal Hasan Md Nazrul Islam Mohammad Asrafur Rahman Mohammad Golam Moula A. K. M. Mahmud Hasan Suravi Barua Md. Sayed Hassan Ashutosh Mondol Jamil-Us-Fahad Md. Mohibur Rahman Nipa Nur-Al Chowdhury Md. Mamun Bin Abusufian Mohammad Aktar Hossain Subbir Ahamed Nadim Md Jewel Rana Mohammad Moniruzzaman Mohammad Sazzad Hassan Rabiul Islam Gonesh Chandra Roy Mohammad Imran Hossain Bilash Chandra Dey Mohammed Zillur Rahman Prazzal Kumar Sarker Muhammad Delwar Hossain Mita Rani Sarkar Mohammed Dulal Ripan Chandra Das Md. Zahidul Amin Mahbuba Begum Mhabuba Akther Munni Md. Jakaria Khondoker Md Aminur Rahman Air Ali Md Fayez Md. Mamunur Rashid Fatema Tuz Zohora Md. Mizanur Rahman Muhammad Mamunur Rashid Md. Zillur Rahman Afrin Akter Mohammad Nurul Imam Subir Mazumder Arup Kumar Pal Md Naser Uddin Pathanjada Sher-E-Zulfiker Mohammad Noor-A-Alam Md. Pijirul Alam Khan Mohammad Habibur Rahman Patoary Tahira Rahman Md. Obaidul Rashed Chowdhury Md. Shahid Ullah Khan Arifa Aziz Keya Rafiqul Islam Amirul Islam Mansura Huq Sharif Mahmudul Hasan Md Shahid Uddin 4933 Candidates who have passed Professional Stage (Application Level) Sl # Reg # Name of Candidates Roll # Md Ruhul Amin Md Sayduzzaman Tapash Kumar Shikder Sujan Kumar Saha Rajib Roy Md Delwar Hossain Md Ziaul Alam Mohammad Mahamudul Alam Sadia Ahmed Sabiha Yeasmin 5298 Candidates who have passed Advance Stage (Integration) Sl # Reg # Name of Candidates Roll # Md Nasir Uddin Sajib Sarkar Tamara Hussain Md Abdul Ahad

17 President meets ICAEW President ICAB News Bulletin No. 268 During the time of official visit to London, Mr. Md. Syful Islam FCA, President, ICAB met with Mr. Clive Parritt FCA, President ICAEW in his office on 10. Mr. Justin West, Head of New Business Opportunities, Ms. Jean Ettridge, Head of International Affairs and Ms. Sumita Shah, Technical Manager, Public Sector of ICAEW also joined that meeting. Mr. Vernon Soare, Executive Director of ICAEW participated that meeting through teleconference. During the meeting, President, ICAB focused some points and requested President ICAEW to extend their further support and cooperation. After detailed discussion, President ICAEW assured that they will consider inviting one Bangladeshi Tutor to UK to study ICAEW final three papers and sit exams in President visits UK Chapter Mr. Md. Syful Islam FCA visited London, UK to attend meetings with ICAB- UK Chapter, ICAEW together with few institutions to explore various prospects together technical assistance to strengthen and implement ICAB s new education curriculum for global opportunities. ICAB President had a meeting on 11 with members of the ICAB UK Chapter. Mr. A. K M Fazlur Rahman FCA, Chairman, ICAB UK Chapter presided over the meeting where other members of the UK Chapter were present. ICAB President appraised members and UK Chapter officials on various actions taken by the present Council for the benefit of the profession and its members. He also apprised them ICAB s plans for the rest of the year. Chairman, UK Chapter informed that students now residing in London are Mr. Md. Syful Islam FCA, President, ICAB meets Mr. Clive Parritt FCA, ICAEW President at in his office in London. Besides, ICAEW will also consider bearing the expenses partly of that Bangladeshi tutor. Mr. A K M Fazlur Rhaman FCA, Chairman-ICAB UK Chapter also participated the meeting. Before meeting with President ICAEW, another official meeting was held with ICAEW Executives on Case Study Review on the same day. Mr. Justin West, Mr. Samuel George Binks, Senior Case Study Expert and Ms. Jean Ettridge participated in that meeting from ICAEW. Mr. Md. Syful Islam FCA, President, ICAB meets Chirman and Members of ICAB UK Chapter Management Committee in London. interested to attend forthcoming ICAB CA Examination (Knowledge Level). President assured them to look into these matters and suggested ICAB UK Chapter to arrange coaching classes for students by competent paid tutors before appearing at the examination under new ICAB syllabus. He also suggested them to keep ICAB Secretariat informed about their activities in the UK to enable ICAB to publish news of their activities in the monthly news bulletin. 17

18 ICAB News Bulletin No. 268 Observance of International Mother Language Day February reminds us of our values as a nation. We honour and salute the martyrs who sacrificed their lives to glorify our language and culture. Though Shahid Day has been commemorated in Bangladesh since 1952, United Nations General Assembly in its resolution formally recognized this Day as the International Mother Language Day in Now International Mother Language Day is observed worldwide on 21 February to promote awareness of linguistic and cultural diversity and multilingualism. ICAB also observed Mohan Ekushey February with due solemnity and homage to the martyrs of the language movement. Mr. Md. Shahadat Hossain FCA, Member Council ICAB led the Provat Ferry procession. The ICAB Provat Fery paying glowing traibutes at Central Shaheed Minar. procession began at CA Bhaban and ended at Central Shaheed Minar with placing of floral bouquet at Shaheed Minar. Permission to Start Practice The following member has been granted permission to start practice as Public Accountants with effect from the date as shown against his name: Name Effective Date Mr. Enayet Ullah FCA (412) 13 December 2011 Partner Shafiq Basak & Co. Chartered Accountants National House (1st floor) 109, Agrabad C/A, Chittagong Permission to Join as Partner Ms. Enayet Ullah FCA (412) has been permitted to form partnership and continue practice under the name and style of: Name Effective Date M/s. Shafiq Basak & Co. 02 January 2012 Chartered Accountants National House (1st floor) 109, Agrabad C/A, Chittagong The other partner of the Firm: Mr. Md. Shafiqul Islam FCA (595), and Mr. S K Basak FCA (625). We Mourn Mr. Faiz Ahmad FCA (Enrolment No. 81) expired on 24 February We were very shocked and saddened to hear the news of the untimely death of our very respected member Mr. Faiz Ahmad FCA who expired in the night of 24 (Inna Mr. Faiz Ahmad FCA L i l l a h e.. Rajeun). Namaj-e-Janaza was held in the following day in a local mosque at Chittagong. President ICAB in his condolence message to his son expressed sympathy to his family and prayed for salvation of the departed soul. 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: Chittagong: HBFC Building (3rd Floor), 1/D, Agrabad Com. Area, Chittagong, Bangladesh Tel: Fax: icabctg@spctnet.com UK Chapter: Suite One, 2 Haydons Road, London SW19 1HL, United Kingdom Tel: Fax: frahman101@aol.com North American Chapter: 5 Massey Square, Suite-2519, Toronto, Ontario M4C 5L6, Canada Tel: Fax: shahed.sharfuddin@td.com 18