![]() The Chartered Accountant(CA) community in Bangladesh currently consists of 1,800 members but needs to grow further. Thus, the CAs are not only regulating the accounting profession but also actively working with the stakeholders to help the country reach its goals. They also play the role of strategic partners while working with any regulatory body like commerce, finance, law ministries, registrar joint stock companies, central banks, and the national board of revenue during the formation of the law policies and guidelines. They are the only ones authorized to audit the accounts, and the reliability of the financial statements depend on their certification. Similarly, in terms of investment in the local companies, the CAs play a great role in winning the investors’ confidence. Any multinational company, before investing in a country, reaches out to a CA in that country to know about the rules and regulations regarding company formation, taxation policy, remittance transfer and the foreign exchange policy of that particular country. Another area where CAs are significant is regarding foreign relations. A set of chartered accountants help the businesses to make and verify the financial statements and therefore act as an agent for the government during tax revenue collection. The tax collection from the corporates depends on the profit they declare in their financial statements. ![]() Moreover, another 400 to 500 members are involved in public practice like auditing, and the rest, which is about 75% of the total who are currently working with the industries as Chief Financial Officers, Finance Directors, Finance Managers, and Finance Controllers with large multinationals, local corporates, and donor agencies like World Bank and Asian Development Bank.Ĭonsidering the business landscape, chartered accountants are vastly contributing to the fiscal system of the government. Out of the total number of CAs produced in Bangladesh, 200 members are now working at various developed nations. The Chartered Accountant (CA) community in Bangladesh currently consists of 1,800 members but needs to grow further. How large is the current Chartered Accountant community in Bangladesh and how impactful are they in the overall business landscape? However, we have to customize the syllabus in certain areas like business taxation, commercial company law, and auditing based on our company’s taxation act and audit-related requirements. Since we got this recognition from 2017 onwards, we can now say that the accounting education here is at par with that in abroad. Therefore, the members here at ICAB have the privilege to be directly taken in as members by the global institute without having to pass any other exam except the ones at ICAB. All our marking criteria, exam syllabus, and teaching materials are revised by the Institute of Chartered Accountants England and Wales (ICAEW). The syllabus we follow at ICAB is at par with that of the international education standards. These levels consist of twelve papers as a whole, which focus on educating the students about accounting, taxation, business law, financial management, information technology (IT), and business strategy. ![]() The exams are dissected into three segments called the Knowledge, Application and Advance level. We at ICAB consist of a pool of teachers coming from various teaching and industrial backgrounds and provide schedules for the evening as well as afternoon classes to prepare the students for the exams. As the second step, the person has to pass the exam from the Institute of Chartered Accountants Bangladesh (ICAB). Initially, he or she needs to be enrolled in public accounting or audit firm and finish the course, the duration of which varies based on their previous academic backgrounds. At the end of 2017, he was elected as the President of ICAB by the decision of the council members.ĭo you think the Accounting education in Bangladesh is on par with that of international standards? If not, where do we lack behind?Īn individual has to surpass two steps to qualify for chartered accountancy in Bangladesh. On his return to Bangladesh, Dewan took the lead as the Managing Director of Grand Thorton Bangladesh in October 2013 and continued as an active member of ICAB. After his excellent tenure in Bangladesh, Dewan went on to work with Development Capital Corporation in Sydney as a Senior Consultant from June 2006 until April 2008. He joined Beximco Textile Division, Bangladesh as a Finance Director in 1992 and worked there for 13 years. He then worked as a Country Finance Manager for DHL from the year 1990-1992. He completed his Masters of Business Administration from University of Sydney, Australia (UTS) and completed Chartered Accountancy from ICAB in 1990. Dewan Nurul Islam is the President of The Institute of Chartered Accountants Bangladesh (ICAB) for 2018.
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