Inauguration of ICMAB online class

NEWSInauguration of ICMAB online class

The difficult situation of COVID-19 created a bad impact on the overall education sector, but in this age of modern technology, nothing can be stopped forever. Distance learning and online classes are now quite popular among academic arena. The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has also take initiative for online class for the students effective from 1st July 2020.

ICMAB President Mr. Md. Jasim Uddin Akond FCMA inaugurated the online class on 30th June 2020 at 8.30 pm in presence of the faculties. He said, we have to stay strong in this difficult moment and we need to move forward with available resources. Online class process is a modern and helpful approach for everyone. He hopes that ICMAB students will be developed and get helps from this online classes towards their path of learning.

The Vice President of ICMAB and Chairman of Education Committee Mr. Md. Mamunur Rashid FCMA emphasized on the on line classes at this pandemic situation. In future there is a plan for online admission, examination, classes etc. CPD and training for the members will be conducted through online, he added. Moreover, the education systems will be run through learning Management Systems (LMS), which other professional bodies in the world

78 THE COST AND MANAGEMENTISSN 1817-5090, VOLUME-48, NUMBER-04, JULY-AUGUST 2020

have already adopted. He mentioned in his speech that the reforms in education and examination is very much required to meet up the demand of the stakeholders. Therefore a reform board has been formed and they are working on it. He sought all out support from the faculties for the greater interest of the CMA profession.

Amongst other Mr. Arifur Rahman Meethu FCMA, Consultant, Executive Director Mr. Md. Mahbub Ul Alam FCMA, Director Mr. Md. Nazmus Salehin and faculty of the various subjects were participated in the program through zoom.

ICMAB Delegates meets BSEC Chairman

A delegation team from The Institute of Cost and Management Accountants (ICMAB) met Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof. Shibli Rubayat Ul Islam at BSEC conference room on Wednesday, 1st July, 2020.

The delegation was led by ICMAB President Mr. Md. Jasim Uddin Akond FCMA. The Vice Presidents of the Institute Mr. Abu Bakar Siddique FCMA and Mr. Md. Mamunur Rashid FCMA, Treasurer Mr. Md. Ali Haider Chowdhury FCMA, Council Member Mr. A.K.M. Kamruzzaman FCMA participated in the meeting.

ICMAB President briefed honorable BSEC Chairman about the Institute. He emphasized on ensuring Cost Audit implementation by the Cost & Management Accounting practicing firm in each listed companies as per gazette notification in 2001.

Mr. Md. Mamunur Rashid FCMA, Vice President described in details the importance of ‘Cost of Goods Sold Statement’ certification by the Cost Audit practicing farms in all listed companies. He also requests the BSEC chairman to involve CMAs in the field of share valuation, premium calculation and enlistment of CMAs as independent Director in the listed companies to ensure corporate governance.

Mr. Md. Ali Haider Chowdhury FCMA, Treasurer and Mr. A.K.M. Kamruzzaman FCMA, Council Member also participated in the discussions and sought all out support for implementing Cost Audit in all listed companies for the greater interest of the nation. The BSEC Chairman assured the delegation for his all-out support in this respect and request to submit a detail proposal at the earliest.


“This year’s Budget is a Recovery Budget”

“At first, we need to save people and run everything so that nothing gets totally stopped. We need to understand that this years’ budget is a recovery budget. Government gave special importance on health and agriculture sector considering the present condition and future sustainability”- said Planning Minister Mr. M. A. Mannan while he joined a Webinar as Chief Guest on Post-Budget Discussion Session on National Budget 2020-2021 on 15 July 2020 evening organized by The Institute of Cost and Management Accountants of Bangladesh (ICMAB).

Mr. Md. Mamunur Rashid FCMA, Vice-President of ICMAB moderated the entire program, connecting the audience and discussants in the first half of the program and actively coordinated the Q&A segment in the second half where he passed the questions raised by the participants of the webinar to the discussants and paper presenters.

Planning Minister thanked the discussants of the program for appreciating the budget as timely and significant according to the situation, and stated that this could be an effective budget if we can reduce misuse and unnecessary expenditures in various sectors. Mr. M. A. Mannan mentioned that, there was a time when the term ‘Digital Bangladesh’ didn’t sound believable that much, but that time is gone for good now! If different sectors work properly according to the situation, we’ll be able to achieve our expected developments.

Mr. A. K. M. Delwer Hussain FCMA, Past President and Chairman, Seminar & Conference Committee ICMAB thanked all the participants, discussants and audience in his welcome speech. ICMAB Vice President Mr. Abu Bakar Siddiquee FCMA gave the vote of thanks.

ICMAB President Mr. Md. Jasim Uddin Akond FCMA said in his speech that the Present government works for the development of country and gives most priority for the betterment of our life. Though the COVID-19 situation endangered our entire nation and stopped almost everything from the natural flow, Mr. Akond is hopeful that our budget will achieve its target if we can maintain and utilize our limited resources properly. He appealed the planning minister to add CMA professionals in various audit and examining process. Planning minister appreciated the suggestions and invited the institute and its professionals to come up with their ideas and submit formal proposals.

Prof. Dr. Swapan Kumar Bala FCMA, Professor, Department of Accounting Information Systems, University of Dhaka and Mr. Md. Abdus Satter Sarkar FCMA, FCA Partner, Mahfel Huq & Co. presented papers on National


Budget 2020-2021 wherever they’ve analyzed this years’ budget from technical, informative and statistical point of view. Dr. Atiur Rahman, Bangabandhu Chair Professor, University of Dhaka & Former Governor of Bangladesh Bank, Mr. Md. Mosharraf Hossain Bhuiyan ndc, Former Senior Secretary, IRD & Chairman, NBR, Mr. Ranjan Kumar Bhowmik FCMA, Member (Tax Survey & Inspection), National Board of Revenue (NBR), Mr. Asif Ibrahim, Chairman, Chittagong Stock Exchange Ltd. (CSE) and Dr. Khondaker Golam Moazzem, Research Director, Centre for Policy Dialogue (CPD) joined the Program as discussants.

Dr. Atiur Rahman praised the importance on agriculture in this years’ budget. He said that inflation would be increased a little bit, but it would not last long. Considering the situation, saving peoples lives and works are the most important than any short term adversities.

CSE Chairman Mr. Asif Ibrahim mentioned that the stimulus packages offered by the government needs to be utilized properly. Defining the budget as a good one, he also emphasized on human resource management, education and skill enhancement in various sectors. Meanwhile CPD Research Director Dr. Khondaker Golam Moazzem said that funding will be a big challenge this year, so almost every possible and probable sectors and resources should be properly used to face this challenges.

ICMAB Webinar on “CMA’s Role in Ensuring Compliance in Financial Reporting”

ICMAB organized a Webinar on “CMA’s Role Ensuring Compliance in Financial Reporting” on July 24, 2020 evening. Professor Shibli Rubayat-Ul-Islam, Chairman, Bangladesh Securities and Exchange Commission (BSEC) graced the program as Chief Guest. Mr. Zia Ul Mustafa Awan FCMA President, South Asian Federation of Accountants (SAFA) attended the webinar as Special Guest and Prof. Lakshman R Watawala FCMA, FCA, President, Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) attended the webinar as paper presenter & Guest of Honor. ICMAB President Mr. Md. Jasim Uddin Akond FCMA presided over the webinar. In the webinar, the Chief guest Professor Shibli Rubayat-Ul-Islam said that, inclusion of professional cost and management accountants in relevant sectors would be better for the economic development of Bangladesh. Bangladesh is doing well in various socio-economic fields in this tough time amid Corona virus, and would be more productive after the end of Covid-19 pandemic. BSEC chairman mentioned that, to judge an organization properly, high quality financial statements with adequate disclosures are needed to protect shareholders as well as public interest. Professional cost and management accountants would be able to give a great hand for ensuring the transparency of financial reports. He also opined that Cost Auditing is a very important process for ensuring compliance in financial reporting.


Mr. Md. Mamunur Rashid FCMA, Vice-President of ICMAB and DMD, Index Group of companies presented the Keynote paper. He briefly described about the CMA profession and its services like Investment analysis, its appraisal and evaluation; Valuation of shares and properties, Share Premium calculations on IPOs, Diagnosis of industrial sickness and corrective measures, Cost Audit of manufacturing Industry to validate COGS statement, Inventory control incorporating mathematical models, Cost reduction by using modern management tools like Operation Research, Value Engineering, etc. On behalf of the institute, he highlighted some recommendation which include- Compliance of Govt. Order for implementation of cost audit [Sec 220 Companies Act]; Certification of COST OF GOODS SOLD STATEMENT by CMAs for all listed companies, inclusion of CMAs in the Independent Directors panel of the listed companies etc.

CMA Balwinder Singh, President of the Cost Accountants of India (ICAI), Mr. Imtiaz Alam FCMA FCA, Council Member ICMAB, Mr. Mohammad Abdul Hai FCMA, Chairman, Professional Service Committee, ICMAB and Mr. Ruhul Ameen FCMA, Editor, The Cost and Management Accountants ( Journal) and Mr. Abu Sayed Md. Shaykhul Islam FCMA, Past President and present Council Member of ICMAB spoke on the occasion.

Chairman of Seminar and Conference Committee and Past President of ICMAB Mr. AKM Delwer Hussain FCMA gave the welcome address and Mr. Abu Bakar Siddique FCMA offered vote of thanks. Mr. Md. Munirul Islam FCMA, Secretary, ICMAB acted as Moderator.

ICMAB President Mr. Md. Jasim Uddin Akond FCMA thanked all the honorable resource persons and participants. In his presidential speech, he urged for implementation of the Government Order regarding Cost Audit, a time demanding means to guide Corporate Management towards increasing productivity in both industrial and service sector to attain desired goals. Which in turn will significantly contribute to the economic development of our country.

He appealed to the Chief Guest for his kind support and initiative to enhance the scope of contributing opportunity for the CMAs. This will ensure proper adherence to the legislative and compliance guidelines to generate dependable Financials.

President also urged to implement COGS (Cost of Goods Sold Statement) auditing by the Cost and Management Accountants for all listed companies to assist Corporate Managements, Regulators, Other stakeholders and shareholders to have an in-depth idea about the financial health of an entity.

The speakers highlighted the importance of cost audit in both public and private sectors and mentioned that cost audit includes both financial and non-financial issues and provide recommendations as to how to improve sectional efficiency and overall performance of the organization, increase productivity and profitability and making best quality of goods at lowest cost. They said cost audit is much more than the financial audit to minimize wastage, increase profitability and declare due dividend to the shareholders and boost up capital market. They mentioned that the integrated reporting under cost audit ensures the financial and spending accuracy on one hand and guides the corporate management to achieve the organizational goals on the other. They added that the public finance management of the government can be improved a lot by doing cost audits for fixing prices of the goods of basic needs of the people like medicine, fertilizer, food, health equipment etc. As such, cost audit would help protecting consumers’ rights. They also mentioned that the government would be benefited, if it takes the professional services of Cost and Management Accountants in budgeting and budgetary control activities. National Board of Revenue (NBR) would be able take right steps in giving tariff protection to the really deserving local manufacturers taking decisions from the research output conducted by Cost Auditors. The government would also be benefited in combating corruption and money laundering by doing cost audits of public spending. In conclusion, they said that cost audit is not a burden for the business houses and government organizations, rather it is an investment to asses the ability of an organization to continue as a going concern, improve efficiency and performance, fight corruption and protect public interest as well. The corporate leaders are not aware of the uses and benefits of Cost Audit.


CMA April 2020 Special Examination Held

CMA April 2020 Special examination for the students of old syllabus only held successfully maintaining social distance and health safety policy and all other guidelines stipulated by the Health Authority of the Government of Bangladesh. The examination was started from August 08, 2020 and ended on August 22, 2020. Proper sanitization and masks were provided to each student before entering examination centers. Mr. Md. Mamunur Rashid FCMA, Vice President of ICMAB and Chairman of the Education Committee handed over 300 masks to the Director, Academic Affairs of ICMAB Mr. Nazmus Salehin for the students which were sponsored by Index group.

ICMAB arranged ‘Doa Mahfil’ and webinar discussion to observe National Mourning Day

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) observed National Mourning Day on Saturday, the 15th August 2020 arranging ‘Doa Mahfil’ and discussion on Father of the Nation Bangabandhu Sheikh Mujibur Rahman.


National flag has been hoisted half-mast atop the institute premises. ‘Doa Mahfil’ was arranged after the Asar prayer at the Dhaka Branch Council floor of the Institute. ICMAB’s President, office-bearers, Past Presidents, Council Members and a large number of members of the Institute attended the ‘Doa Mahfil’ physically and prayed for the eternal peace of the departed souls of Bangabandhu, his family members and the martyrs of 15th August 1975.

A special webinar discussion program was also held at 7:30 p.m. where Dr. Mashiur Rahman, Economic Affairs Adviser to the Honorable Prime Minister Sk. Hasina attended as the chief guest. Professor, Bangabandu Chair and former Governor of Bangladesh Bank Dr. Atiur Rahman and Mrs. Shabnam Jahan MP attended the program as special guests.

Dr. Mashiur Rahman highlighted on Bangabandhu’s works and life and economic vision to build a poverty and hunger-free happy and prosperous Bangladesh. He said that Bangabandhu always carried his dream for people. After the end of British era in the sub-continent and the formation of Pakistan, he realized very quickly that Bengali people are still oppressed like they were before. His struggle for people never stopped. He lost his studentship of Dhaka University for fighting for the rights of the 4th class staff of the University. Mohammad Ali Zinnah was a supreme powerful person and nobody couldn’t think to stand against him whenever Bangabandhu didn’t hesitate to show objection to Mr. Zinnahs word. Bangabandhu never cared for any post or power, all he wanted was the independence of people.

Dr Atiur Rahman told that Bangabandhu knew how to pass the inspiration among people. He was the greatest leader who also had the great skill of creating leaders. He built this entire nation from a null situation. We had nothing after independence, no money, no food, no roads, infrastructure, education. West Pakistani oppression was so cruel and cunning that their per capita income was 61% greater than us during 1970. In such condition, Bangabandhu started his journey to build this country and today we are standing in a great position, which is by all means his gift to us.

Special Guest Mrs. Shabnam Jahan MP said, Bangabandhu always thought about independence of people and doing good to them. He was always thoughtful about the freedom of Bengali people by all means from the very early stage of his political inception. He fought for Bangla language, democracy and independence. Beside his bold and lion heart attitude, he was a very friendly person too.

ICMAB President Mr. Md. Jasim Uddin Akond FCMA presided over the discussion meeting. He said that Cost and management accountants would work hard for making ‘Sonar Bangla’ which was Bangabandhu’s dream. He said that, Bangabandhu built this institute for us within a very short time after the independence and the CMA family is always thankful for that. Our professionals create a great impact for the productivity of company through total quality management. ICMAB President added that, CMA professionals are working hard to actualize the dream of Bangabandhu, the Sonar Bangla. He requested to attach the CMA professionals more for ensuring economic development.

Mr. AKM Delwer Hussain FCMA, Chairman of ICMAB Seminar & Conference Committee and Vice President of South Asian Federation of Accountants (SAFA) gave the Welcome speech. He said that we couldn’t be so successful or stay in a good position today without achieving independence under the able leadership of Bangabandhu. Everything we have today is the contribution of the father of the nation.

Mr. Abu Sayed Md. Shaykhul Islam FCMA, Past President & present Council Member of the Institute and member of the Public Sector Financial Management Committee of Confederation of Asian and Pacific Accountants (CAPA) moderated the entire program and remembering childhood memory when Bangabandhu was fighting and leading the movement of independence of Bangladesh. He urged professional Cost and Management Accountants to work under ethics and integrity and strengthen the hands of Bangandhu’s daughter Honourable Prime Minister SK. Hasina to make Bangladesh a rich nation by 2041. ICMAB Secretary Mr. Md. Munirul Islam FCMA gave the vote of thanks.


ICMAB delegation meets BSEC Chairman and Commissioners

A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) led by its President Mr. Md. Jasim Uddin Akond FCMA met Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof. Shibli Rubayat Ul Islam at his office on 24 August 2020.

The delegation discussed matters relating to professional interest with BSEC Chairman. Issues related with implementing cost audit in all limited companies were highlighted in the discussion. BSEC Chairman ensured ICMAB delegation that he will take necessary steps to implement this as it seems to play a vital role for the economic development and clarity of the country.


Among others Vice Presidents Mr. Abu Bakar Siddique FCMA and Mr. Md. Mamunur Rashid FCMA, Secretary Mr. Md. Munirul Islam FCMA, Past President & Present Council Member Mr. Abdul Aziz FCMA and Executive Director of the Institute Md. Mahbub Ul Alam FCMA were present in the meeting. The delegation also met BSEC Commissioners Mr. Khondoker Kamaluzzaman, Dr. Shaikh Shamsuddin Ahmed, Professor Dr. Md. Mizanur Rahman and Mr. Md. Abdul Halim at their office individually.

ICMAB President Participated SAFA Foundation day Webinar

South Asian Federation of Accountants (SAFA) celebrated August 22nd as SAFA Foundation Day. To commemorate the occasion this year SAFA organized a Webinar on the theme “COVID 19 Pandemic: Changing Dynamics of the Accountancy Profession” on August 22, 2020. Past President & Present Council Member of ICMAB and SAFA Vice-President Mr. A. K. M. Delwer Hussain FCMA joined the program as Special guest while the President of ICMAB Mr. Md. Jasim Uddin Akond FCMA joined as panelist.

The objective of the webinar was to understand the challenges being faced by the Accountancy profession due to COVID 19 pandemic and how the PAOs have managed this situation.


DBC NewsB R A N C HCOUNCILS activities

DBC Virtual Program webinar on “Islam and Islamic Banking in the Context of Covid-19 Pandemic”The Dhaka Branch Council (DBC) of ICMAB organized Virtual Program webinar on “Islam and Islamic Banking in the Context of Covid-19 Pandemic” of the members on July 16, 2020. Mr. A.K.M. Zakaria Hossain FCMA, Chairman of Dhaka Branch Council presided over the program. Dr. Syed Abdulla Al Mamun FCMA, Council member of DBC offered welcome address and introduced the Resource Person. Mr. Md. Mahbub-ul-Alam, Managing Director & CEO, Islami Bank Bangladesh Limited (IBBL) was present as the Main Discussant in the program. Mr. Muzaffar Ahmed FCMA, President and CEO of Credit Rating Information and Services Limited (CRISL) was present as the key note paper presenter on the occasion and Mr. Md. Jasim Uddin Akond FCMA, Honorable President of ICMAB was present Guest of Honor of the session. Mr. Mannan Bapari ACMA, DBC Councilor and program Coordinator nicely conducted the program. A good number of members were present and actively participated in the session. Mr. Md. Bakhtiar Alam FCMA Vice-Chairman of Dhaka Branch Council offered vote of thanks.

DBC Virtual Knowledge-Based Program on “Changes in Income Tax Law Through Finance Act, 2020 in the Context of Covid-19 Pandemic”

The Dhaka Branch Council (DBC) of ICMAB organized Virtual Knowledge-Based Program on “Changes in Income Tax Law Through Finance Act, 2020 in the Context of Covid-19 Pandemic” of the members on July 21, 2020. Mr. A.K.M. Zakaria Hossain FCMA, Chairman of Dhaka Branch Council presided over the program. Mr. Md. Bakhtiar


BRANCH COUNCILS activities DBC NewsAlam FCMA, Vice-Chairman of Dhaka Branch Council offered welcome address and introduced the Resource Person. Mr. Snehasish Barua FCA, Founding Partner at Snehasish Mahamud & Co. was present as the key note paper presenter. Mr. Md. Abdus Satter Sarkar FCA, FCMA, Partner, Mahfel Huq & Co. Chartered Accountants was present in the program as a commentator and Mr. Md. Jasim Uddin Akond FCMA, Honorable President of ICMAB was present as the Guest of Honor of the session. Mr. Shohagh Al Mamun ACMA, DBC Councilor nicely conducted the program. Mr. Mannan Bapari ACMA, DBC councilor was present as a program coordinator. A good number of members were present and actively participated in the session.

DBC Virtual Knowledge-Based Program on “VAT & SD Act 2012 and Effect of changes through Finance ACT 2020”

The Dhaka Branch Council (DBC) of ICMAB organized DBC Virtual Knowledge-Based Program on “VAT & SD Act 2012 and Effect of changes through Finance ACT 2020” of the members on July 25, 2020. Mr. A.K.M. Zakaria Hossain FCMA, Chairman of Dhaka Branch Council presided over the program. Mr. Muhammad Nazrul Islam FCMA, Council Member of Dhaka Branch Council and program coordinator offered welcome address and introduced the Resource Person. Mr. A.K.M Mahbubur Rahman, Director General (DG), Customs, Excise & VAT, Training Academy, Chattogram was present as the key note paper presenter. Mr. Jayanta Kumar Podder FCMA, CEO & Principal, Podder & Associates Cost and Management Accountants was present in the program as a commentator and Mr. Md. Jasim Uddin Akond FCMA, Honorable President of ICMAB was present as the Guest of Honor of the session. Mr. Mohammad Mahbubur Rahman FCMA (F-0746) nicely conducted the program. A good number of members were present and actively participated in the session.

DBC Virtual Knowledge-Based Program on “Managing Fraud Risks in the Context of Covid-19 Pandemic”


BRANCH COUNCILS activities DBC NewsThe Dhaka Branch Council (DBC) of ICMAB organized DBC Virtual Knowledge-Based Program on “Managing Fraud Risks in the Context of Covid-19 Pandemic” of the members on August 07, 2020. Mr. A.K.M. Zakaria Hossain FCMA, Chairman of Dhaka Branch Council presided over the program. Dr. Syed Abdulla Al Mamun FCMA, Council Member of Dhaka Branch Council and program coordinator offered welcome address and introduced the Resource Person. Ms. Annrita Muthoni Mugambi, CFA, CFE, Controller Finance, International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b) was present as the key note paper presenter. Mr. Naba Krishna Muni FCMA, Project Management Consultant, EVM Project, Bangladesh Election Commission, Bangladesh was present in the program as a commentator and Mr. Md. Jasim Uddin Akond FCMA, Honorable President of ICMAB was present as the Guest of Honor of the session. Ms. Shahana Parvin FCMA (F-0977) nicely conducted the program. A good number of members were present and actively participated in the session. Mr. Rana Protap Ghosh FCMA Treasurer of Dhaka Branch Council offered vote of thanks.

DBC Virtual Knowledge-Based Program on IFRS and IAS titled “Implications and Considerations of Covid-19 Pandemic in Financial Reporting and Disclosures”

The Dhaka Branch Council (DBC) of ICMAB organized DBC Virtual Knowledge-Based Program on IFRS and IAS titled “Implications and Considerations of Covid-19 Pandemic in Financial Reporting and Disclosures” of the members on August 20, 2020. Mr. A.K.M. Zakaria Hossain FCMA, Chairman of Dhaka Branch Council presided over the program. Mr. Safiul Azam FCMA, Secretary of Dhaka Branch Council and program coordinator offered welcome address and introduced the Resource Person. Mr. Md. Kishlur Rahman FCA, FCMA, Sr. Corporate Finance Manager, ACI Limited was present as the key note paper presenter. Mr. Muhammad Zahangir Alam ACMA, Director (Accounts & Finance), Square Pharmaceuticals Ltd. was present in the program as a commentator and Mr. Md. Jasim Uddin Akond FCMA, Honorable President of ICMAB was present as the Guest of Honor of the session. Mr. Md. Zakaria Habib Khan Shishir FCMA (F-0932) nicely conducted the program. A good number of members were present and actively participated in the session. Mr. Md. Bakhtiar Alam FCMA Vice-Chairman of Dhaka Branch Council offered vote of thanks.


DBC’s Virtual Training Program on “Income Tax, VAT & Customs” held Ten-day long training programs on “Income Tax, VAT & Customs” were organized by the DBC at ICMAB Bhaban, Nilkhet, Dhaka on August 20-29, 2020. The program presided over by DBC Chairman Mr. A.K.M. Zakaria FCMA. The program was moderated by Mr. Jayanta Kumar Podder FCMA. Resource persons of the program was Mr. Ranjan Kumar Bhowmik FCMA, Commissioner of Taxes, NBR, GOB. Mr. Iqtiaruddin Md. Mamun FCMA, Additional Commissioner of Taxes, NBR, Mr. A. K. M. Mahbubur Rahman, Additional Commissioner, NBR, Mr. Md. Fakhrul Alam, Commissioner, Customs, Excise & VAT. NBR, GOB, Mr. Md. Abdul Kafi, Ex-Commissioner, Customs, Excise & VAT. NBR, GOB. and Mr. Md. Saifur Rahman FCMA, Principle & CEO, Syfur Enayet & Associates. Large number corporate executives including ICMAB members attended the training programs.

Reception to the Newly Qualified CMAs, newly elected Office Bearers of ICMAB National Council 2019 and Thanks Giving to the Immediate Past Chairman of DBC 2019

The Dhaka Branch Council (DBC) of the Institute organized a reception program to the Newly Qualified in (December 2019 Exam. pass), newly elected Office Bearers of ICMAB National Council 2019 and Thanks Giving to the Immediate Past Chairman of DBC 2019 Mr. Md. Abdus Satter Sarkar FCA, FCMA on August 22, 2020 at ICMAB Ruhul Quddus Auditorium, ICMAB Bhaban, Nilkhet, Dhaka. Mr. A.K.M. Zakaria Hossain FCMA, Chairman of DBC presided over the program.

DBC Secretary Mr. Safiul Azam FCMA gave the welcome address. Mr. Md. Jasim Uddin Akond FCMA, President of ICMAB was present as the Guest of Honor. In the CMA December 2019 Exam. 33 CMAs where qualified and


attended the program along with their family members. They also spoke of the hindrances in achieving the final success. They were awarded a memento and a small DBC souvenir as a token of recognition on behalf of DBC by the Institute’s Presidents. DBC Vice-Chairman Mr. Md. Bakhtiar Alam FCMA nicely conducted the program and Treasurer Mr. Rana Protap Ghosh FCMA offered the vote of thanks.

DBC Virtual Knowledge-Based Program on “ Global Finance Leadership: Module 1”

The Dhaka Branch Council (DBC) of ICMAB organized DBC Virtual Knowledge-Based Program on “Global Finance Leadership: Module 1” of the members on August 29, 2020. Mr. A.K.M. Zakaria Hossain FCMA, Chairman of Dhaka Branch Council presided over the program. Mr. Muhammad Nazrul Islam FCMA, Council Member of Dhaka Branch Council and program coordinator offered welcome address and introduced the Resource Person. Mr. Nazmul Haider FCMA, Head of FMI, North America & Canada Finance at Perfetti Van Melle USA was present as the key note paper presenter. Dr. Syed Abdulla Al Mamun, FCMA, Councilor of DBC, Deputy CEO, Credit Rating Information and Services Ltd. (CRISL), and Independent Director & Chairman of Audit & Finance Committee, Board of Directors, NWPGCL was present in the program as a moderator and Mr. Md. Jasim Uddin Akond FCMA, Honorable President of ICMAB was present as the Guest of Honor of the session. A good number of members were present and actively participated in the session. Mr. Md. Bakhtiar Alam FCMA, Vice-Chairman of Dhaka Branch Council offered vote of thanks.


CBC NewsB R A N C HCOUNCILS activities

Webinar on “Post Budget discussion on National Budget 2020-21” held on July 09, 2020

Chattogram Branch Council of ICMAB organized a Webinar CPD on “Post Budget discussion on National Budget 2020-21” on Thursday, 9th July, 2020 at 7.30 pm.

Md. Anisuzzamn FCA, FCMA, Chairman, Chattogram Branch Council of ICMAB inaugurated and delivered the welcome remarks of the program while Mr. Mosharraf Hossain Bhuiyan ndc, former Senior Secretary (IRD) and Past Chairman, National Board of Revenue (NBR) joined the webinar as Chief Guest. Mr. Md. Jashim Uddin Akond FCMA, the Honorable President of ICMAB, joined as special guest, Mr. M. Shaifur Rahman Majumder FCA, FCMA, Chief Operating Officer of Dhaka Stock Exchange Ltd. joined as Session Chairman and Mr. Md. Kamruzzaman FCA, Associate Director, Rahman Rahman Huq (KPMG in Bangladesh), Chartered Accountants presented the paper on the topic.

Mr. Mosharraf Hossain Bhuiyan ndc suggested cutting down unnecessary costs in various sector as much as possible to maintain cost effectiveness. He also mentioned to strengthen health sector and spend more for social security.

ICMAB President Mr. Md. Jasim Uddin Akond FCMA said in his speech that the Present government works for the development of country and gives most priority for the betterment of our life.

Mr. Md. Kamruzzaman FCA, Associate Director, Rahman Rahman Huq (KPMG in Bangladesh), Chartered Accountants presented papers on National Budget 2020-2021 wherever he analyzed this years’ budget from technical, informative and statistical point of view.

Mr. M. Shaifur Rahman Majumder FCA, FCMA, Chief Operating Officer of Dhaka Stock Exchange Ltd. also expressed his evaluation on the discussed topic. The whole program was nicely conducted by Mr. Shahidul Hoque, FCMA, Secretary, CBC.


BRANCH COUNCILS activities CBC News

CPD on “Impact of Covid-19 and the Bangladesh Economy going forward” held on August 23, 2020

Chattogram Branch Council of ICMAB organized a webinar CPD on “Impact of Covid-19 and the Bangladesh Economy going forward” on 23rd August, 2020 evening. Mr. Muhibul Hassan Chowdhoury M.P, Deputy Minister, Ministry of Education, Government of the People’s Republic

of Bangladesh joined the webinar as the Chief Guest. Mr. A. k. M. Delwer Hussain FCMA, Vice President, South Asian Federation of Accountants (SAFA) attended the webinar as “Special Guest”. Mr. Imtiaz Alam FCA, FCMA, Member, National Council of ICMAB, moderated the program while Mr. Jasim Uddin akond FCMA, President, ICMA Bangladesh & Mr. Md. Anisuzzman FCA, FCMA, Chairman, Chattogram Brnach Council, ICMAB joined as panelists. The webinar presided over by Mr. Md. Anisuzzman FCA, FCMA, Chairman, CBC & address of welcome was given by him. Chief Guest at his speech praised Honorable Prime Minister Sheikh Hasina for her proper and prompt steps and actions fighting against Covid-19 pandemic. He says that Professional Accountants can play a vital role to maintain transparency & accountability in public and private sector for attaining sustainable development goals (SDGs) in Bangladesh. Mr. Chowdhury thanked CBC for arranging such a timely suited program. He also assured that he will provide his all-out support fighting against corruption.

President ICMAB Mr. Jasim Uddin Akond FCMA & SAFA Vice-president, Mr. A. K. M. Delwer Hussain FCMA requested Honorable Deputy Education Minister to take necessary steps for implementing Cost Audit in Public & Private Sectors that helps government cost control & cost effectiveness and also helps to attain sustainable development goals (SDGs) for Bangladesh and to achieve target of becoming middle income country by 2041. Mr. Masud khan FCA, FCMA, Chairman, Glaxo Smith Kline (BD), Ltd. nicely presented his key note paper by mentioning upcoming challenges and opportunities for Bangladesh economic development.A large number of Fellow & Associate members and students of ICMA Bangladesh joined in the webinar. The vote of thanks to the audience was offered by Mr. Shahidul Hoque FCMA, Secretary, CBC.

“Professional Discussion between President, ICMAB, SAFA Vice-President & CBC 2020-21 members” held on August 28, 2020A “Professional Discussion between Honorable President, ICMA Banagladesh, SAFA Vice-President & CBC 2020-21 members” held on August 28, 2020 at CMA Bhaban, Chattogram. Mr. Jasim Uddin Akond FCMA, President, ICMA Bangladesh and Mr. A. K. M. Delwer Hussain FCMA, Vice-President, SAFA & past President, ICMAB attended the program. Chairman, CBC welcomed them by giving flower bouquet. They discussed the matters relating to the development of the CMA profession and especially Chattogram Branch of the Institute. Chairman, CBC along with the council members for the term 2020-21 raised the problems of Chattogram Branch to the President, ICMAB. Mr. President assured them for his all-out support for the development of the Chattogram Branch of the Institute. Council members of CBC 2020-21 thanks the President, ICMAB & SAFA, Vice-President for attending the program bearing the troublesome in this pandemic.


Inauguration of ICMAB online class

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Transcript of Inauguration of ICMAB online class