ICAB workshop on annual report evaluation held

The Institute of Chartered Accountants of Bangladesh (ICAB) Thursday urged the chief financial officers (CFOs) of all respective companies to maintain proper standards in preparing their annual reports.

"As the efforts will help you garner the "Best Presented Annual Reports" award, given by ICAB, maintaining continuation of the country's best performance at the South Asian Federation of Accountants (SAFA) Award and taking its image to a new height," ICAB president Showkat Hossain FCA said.

Mr Hossain was speaking as the chief guest at a workshop on "Evaluation of Annual Reports for BPA Award: Some Suggestions" at the ICAB conference room.

The workshop was arranged for the CFOs of different banks, non-banking financial institutions and multi-national organisations to make them more conversant to the criteria followed by two award review committees in selecting the best Presented Annual Reports for the awards.

Abbas Uddin Khan FCA, ICAB council member and chairman of its Review Committee For published Accounts and Reports (RCPAR), presided over the programme while Mahbub Ahmed Siddiqui FCA, director (technical) of the ICAB, made a presentation on the criteria that are followed by the awards committees.

In his presentation, Mr Ahmed pointed out some lacking that are generally happened in preparing the annual reports, and discussed how the companies can avoid those problems and make their annual reports more efficiently.

About 25 CFOs of different intuitions participated at the workshop. They also took part in a panel discussion.