Sherpa Hossainy's Blog

Chartered accountants asked to follow ethical standards

Posted in Bangladesh, Business, Corporate, Dhaka by Sherpa Hossainy on June 1, 2011

Published in The Independent on 29 May, 2011

Read the article on the Independent website

Digital print version

Chartered accountants need to maintain their professional ethics more than any other occupation as their work affects the public at large, said Shafique Ahmed, minister for law, justice and parliamentary affairs, on Saturday.

“Chartered accountants should be vigilant so that the trust of companies, organisations and public does not get hurt,” Ahmed said.

The minister was speaking as the chief guest at a Centre for Policy Dialogue (CPD) seminar on professional ethics, conflicts and auditors’ independence organised by the Institute of Chartered Accountants of Bangladesh (ICAB) at the ICAB auditorium in Dhaka.

He said that investors and stakeholders invest their money counting upon chartered accountants’ audit reports. Government also relies on the audit reports to outline policies on collecting taxes and duties, he added.

Parveen Mahmud, president of ICAB, said: “To ensure their independence, internal auditors must carry out their work freely and objectively.”

Sabbir Ahmed, director of Hoda Vasi Chowdhury and Co. Chartered Accountants, presented the keynote paper in the seminar.
He said, “Ethics is about self-governance. The chartered accountants should not only safeguard their independence but also safeguard the independence of the profession as a whole.”

ASM Nayeem, council member and former president of ICAB, also spoke in the seminar.

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