Minister urges ICAB for a greater role in development of country

Commerce Minister Tipu Munshi urged the Chartered Accountants to involve more in development activities of the country.

With the knowledge and expertise of chartered accountants, the country will be benefited a lot in advancing towards development specially in terms of economic development, and the poverty eradication, he said, according to a press release issued on Sunday.

“The ministry of commerce will provide all out its supports to ICAB to equip the Institute and the CA profession to keep pace with the technological advancement,” added the minister.

He was quite upbeat about the vibrant role of the chartered accountants in trade and commerce, specially the development of the economy while visiting ICAB on Sunday.

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

Citing some landmark initiatives, ICAB President Md Shahadat Hossain 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.

He briefed on the recent initiatives undertaken by ICAB, especially the automation projects and the projects for development of the Institute.

He informed the minister of ICAB’s firm commitment towards the sustainable development of Bangladesh and also informed that the institute is playing a great role in eliminating unauthentic financial statements submitted to RJSC and other regulatory bodies.

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 in addition to establishment of two academic campuses in Dhaka and Chattrogram, including a male and female hostel for students, support for small and medium practitioners (SMPs), and institutional capacity building to increase the number of CAs, it reads.

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

ICAB Vice President NKA Mobin, and Council Members & Past Presidents Muhammad Farooq, among others, were present at the event.