Tipu Munshi urges ICAB for greater role in development

Commerce Minister Tipu Munshi urged the Chartered Accountants to involve more in development activities of the country, adding that with their expertise, country will benefit a lot in advancing towards development, especially in terms of economic development and poverty eradication.

The Ministry of Commerce will provide its all-out support to The Institute of Chartered Accountants of Bangladesh (ICAB) to equip the Institute and the CA profession to keep pace with technological advancements, the minister promised while visiting ICAB in Dhaka on Sunday.

“The involvement of CAs in development is very crucial,” Tipu Munshi said, adding that every company should engage CAs in their accounts department for better management functions.

The minister also expressed his appreciation about the vibrant role of the chartered accountants in trade and commerce, specially the development of the economy while he was.

Citing some landmark initiatives, ICAB President Md Shahadat Hossain FCA said, “there is an urgent need to strengthen the capacity of ICAB so that Chartered Accountants can contribute more to the economy and be aligned to the government’s mission and vision.”

Md Shahadat Hossain briefed the minister on the recent initiatives undertaken by ICAB, especially the automation projects and the projects for development of the Institute, and also appraised him of ICAB’s firm commitment towards the sustainable development of Bangladesh

The institute is playing a great role in eliminating unauthentic financial statements submitted to RJSC and other regulatory bodies, the ICAB president told the minister.

He also proposed the Minister to declare 6th January as Chartered Accountant’s Day as the Institute was established on the day in 1973 by the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Besides, ICAB drew the Minister’s attention to the development projects undertaken by ICAB.

They also demanded to involve chartered accountants in the government’s development projects so that they could contribute to ensure maximum use of the government funds and timely implementation of the projects.

Among others, ICAB Vice President Fouzia Haque FCA, CEO Shubhashish Bose and General Secretary of Economic Reporters’ Forum (ERF) SM Rashedul Islam also spoke on the occasion.

ICAB Vice President NKA Mobin FCA, and Council Members & Past Presidents Muhammad Farooq FCA, Kamrul Abedin FCA, Adeeb Hossain Khan FCA and Council Members Sabbir Ahmed FCA, Md Moniruzzaman FCA, Md. Mahamud Hosain FCA, Mohammed Forkan Uddin FCA, Md Yasin Miah FCA, MBM Lutful Hadee FCA, COO Mahbub Ahmed Siddique FCA and DRC office bearers were present in the occasion.