The Right Man For The Job

The importance of Chartered Accountants has been increasing enormously amid growing importance of trade and industry along with gradual expansion of capital and money markets in a country like Bangladesh. Today, Chartered Accountancy (CA) has emerged as a unique profession.

- AKM Moinuddin

The Institute of Chartered Accountants of Bangladesh (ICAB), the national professional accounting body, established under the Bangladesh Chartered Accountants Order 1973 (President’s Order No. 2 of 1973), is playing an important role in the country. Dhaka Courier exclusively talked to its President Adeeb Hossain Khan in his office on its various objectives and activities.

Business activities in the country are rapidly expanding with its fast-growing economy creating a huge demand for quality Chartered Accountants (CAs) that needs to be addressed, says the chief of the national professional accounting body.

“The economy is doing very well. It’s a tremendous performance. When economy grows, businesses also get expanded. But in line with the demand, the number of CAs didn’t increase,” said ICAB President Adeeb Hossain. He said the overall demand has increased and the economy expanded over the past couple of years, and that is the one big reason why the country needs more quality CAs.

“To be honest, we need a lot more Chartered Accountants to play the important role they play. We aren’t getting high-quality graduates what we need for this profession,” Adeeb Khan said lack of knowledge about the profession might be another reason.

About private sector investment, he said this has not grown that much as land availability still remains a problem.