Forma # 1.ai - ICAB

From the Desk of the President
Focusing on Members
“The Accountants,” ICAB’s
quarterly journal has
undergone a makeover and
adopted a new look with the
current issue. Credit goes to
the Editorial Board Committee
for the initiative. I thank the
committee for regularly
providing a space in the
journal from now on for the
ICAB President.
ICAB was established under
the Bangladesh Chartered
Accountants Order 1973 as a
supreme and sovereign
regulator of the accounting
profession of the accountants.
Its membership has grown
from 78 to more than 1400
over almost four decades. This
figure includes 34 female
“
Every chartered accountant has the responsibility
members. As the institute and
its membership grow, we have
to work more effectively as a
body to address the needs of
our members and
communicate with each other
to strengthen our profession.
As president, my first task was
to review and form
committees for 2011. Through
review, Professional
Development committee for
Women was merged with
Professional Development
committee of the Council. In
addition, five new
non-standing committees were
formed for professional
advancement. Each committee
is chaired by a member of the
council. The chairman will be
responsibile to ensure that
committee views are
ascertained on key policy
issues and clearly
communicated to the council.
Addition of new committees
increases workload of the
secretariat. We are working to
overcome this limitation by
ensuring that the committee
chair and members work more
proactively and regularly
follow-up with the secretariat.
Every chartered accountant
has the responsibility to
uphold the integrity of our
profession. We as
professionals have to be
prompt but transparent in
sharing information with
ICAB, our clients, our
prospective clients as well
other stakeholders. Quality
Assurance Board (QAB), a
committee and monitoring cell
of ICAB is working to identify
areas of improvements of
member firms to ensure
adequate transparency in
information sharing. Our
Investigation Disciplinary
committee is contributing to
ensure that our members are
held to the highest standards
of professionalism and
integrity.
My goal is to strengthen
ICAB’s capacity at par with
to uphold the integrity of our profession”
any other professional
accounting body globally. In
order to do so, ICAB has to be
managed in a more
businesslike manner.
Currently, the secretariat are
not able to fully serve the
needs of our members due to
lack of resources and effective
The Bangladesh Accountant January - March 2011 03