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The Institute of Chartered Accountants of Bangladesh (ICAB), one of the first founding members of South Asian Federation of Accountants (SAFA), observed the International Accounting Day 2022 on November 10 in Bangladesh.
A rally was brought out by the ICAB and attended by CA members and multitudes of pupil from different CA firms, public and private universities to commemorate the day, ICAB said in a statement.
Among others ICAB President Md Shahadat Hossain, Professor Md Muinuddin Khan, former Chairman, AIS, DU, Dr Abdul Mannan Shikder, President, The Accounting Allumni, Dhaka University and ICAB CEO Shubhashish Bose were present in the occasion.
ICAB President Md Shahadat Hossain sliced a mammoth cake to mark the day and declared the programme of a Business Quiz Contest where students from different public and private universities can take part. The programme will be aired on Ekushey Television.
The International Accounting Day on the 10th of November has been observed by countries across the globe. In light of this, the South Asian Federation of Accountants (SAFA), a forum of professional accounting bodies of SAARC countries, celebrates this day to illuminate the importance of accounting profession on this day every year.
The date, November 10, happens to bear great significance for the accountancy community. Italian Mathematician and Franciscan friar, Luca Bartolomeo de Pacioli authored a book titled ‘Summa de Arithmetica Geometria Proportioni et Propotionalita’ (Everything about Arithmetic, Geometry and Proportion) which was published in Venice on November 10, 1494.
First of its kind, the book aimed to summarise the mathematical knowledge of that time. It is considered to be the first printed essay on double entry book keeping called ‘Method of Venice’ and was a direct base of some widespread works on mercantile accounting.
