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Former President Zillur
Rahman today asked chartered accountants
to play a more responsible role in
ensuring financial transparency and
accountability of individuals and
organizations for the interest of the
government and the people.
"I believe you will
also show your accountability and
patriotism," he said while inaugurating
the International Conference of
Chartered Accountants 2010' at Hotel
Sonargaon here. |
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Institute of Chartered Accountants of
Bangladesh (ICAB) organized the
international conference with the theme
`Role of Chartered Accountants in the
Mobilization of National Reso'.
Nobel Laureate Professor Muhammad Yunus
spoke as the special guest while
Bangladesh Bank Governor Dr Atiur Rahman
presented the keynote paper.
ICAB President Dr Jamaluddin Ahmed, Vice
President M Abdus Salam and chairman of
the conference organizing committee
Abbas Uddin Khan also spoke on the
occasion.
Former
President Zillur Rahman said the
government mostly dependents on direct
and indirect taxes to mitigate the
expenses of the national budget. "But
many individuals and organizations make
their annual financial balance in such a
way to avoid paying more tax which
doesn't reflect the real accounts," he
said.
The President said it's a demand of time
to make the financial management more
clean and disciplined in this
competitive world.
Referring to gradual increase in the
volume of annual budget that has already
crossed hundreds of crore of Taka,
Zillur Rahman said, "I believe the role
of professional accountants is very
important to ensure proper management of
the huge budget for both the public and
private sector." he said.
The President also expressed his belief
that both local and international
participants of the conference would be
benefited by sharing their latest
knowledge and experience on chartered
accountant.
Nearly 500 charter accountants including
45 from different member states of SAARC
participated in the daylong conference.
Professor Yunus said time has now come
to bring reforms in the financial system
in the backdrop of recent global
economic crisis. "Social business can be
a solution in which people would do
business not for only making profit
rather benefit of the common people," he
added.
The Nobel laureate questioned about the
role of charter accountants in the
global economic crisis as they failed to
forecast the impending disaster. There
were `pollution' among the auditors,
financial managers and business
authorities, Prof Yunus added.
He said we have to redesign our
financial policy keeping in mind the
harsh experience.
Prof. Yunus said same kind of financial
recession may take place again and
Bangladesh will not be able to avoid the
fallout.
He urged the charter accountants to
perform their corporate social corporate
responsibility at own initiatives.
Dr Atiur Rahman said the government is
actively considering enacting new laws
for the professional accountants to
ensure financial transparency and
accountability in every sector.
The central bank governor laid emphasis
on maintaining international standard in
the financial management considering the
increasing trend of cross border trade
in this era of globalization.
He said the Bangladesh Bank has taken
initiatives to increase tax and GDP
ratio under its five years strategic
plan
from 2011-2015. |