Discussants have stressed on proper financial disclosures, intellectual capital and corporate governance of listed companies for accelerating their steady growth.
Their observations came Saturday at a symposium titled 'International Symposium on Accounting, Auditing and Governance in Asia' held at Department of Accounting and Information Systems (AIS) of Dhaka University.
Academicians and market experts made their presentations at the symposium jointly organised by University Grants Commission and AIS.
Jamaluddin Ahmed, former president of Institute of Chartered Accountants of Bangladesh (ICAB), made his presentation on Transparency in Financial Reporting of Central Banks.
In his presentation, Jamaluddin said desirable level of Central Bank (CB) Capital should be higher in developing countries so that the CB can play a wider role.
"The CB capital should be higher since it is likely to have wider responsibilities in the countries with relatively narrow capital markets," Jamaluddin said.
He said the amount of CB's capital provides a signal to stakeholders about how well the institution is being managed, although this signal differs from that of other private companies.
In his presentation titled 'Family Ownership, Corporate Governance an Transparency, Mizanur Rahman, a Prof. of AIS at DU, said the securities regulator and stock exchanges do not monitor internal control practices of the listed companies.
According to Rahman, the extent of compliance with mandatory disclosure requirements varies ranging 52.1 per cent to 96.9 per cent.
He said the companies' disclosure precisions and observed probability are low for some key elements such as intangibles, provisions, accounting policy, tax expense, financial obligations and financial costs, operating assets, operating liabilities and operating expenses.
"Out of 94 listed non-financial listed companies, 34 per cent failed to disclose a minimum 20 per cent of the disclosure requirements," Rahman added.
Dr. M Mohobbot Ali, a Prof. of AIS at DU, has stressed on intellectual capital to influence the companies' bottom lines and long term returns positively.
"A company will get long term benefit it utilises its intellectual capitals properly," Ali said.
Dr. Toshifumi Takada, a Prof. of Accounting at Thoku University of Japan, Mohammad Tareq, Associate Prof. of AIS at DU and Dr. Yusuf Kamal, an associate Prof. of AIS at DU, also spoke at the symposium.
Different faculty members and students of AIS also attended the Saturday's symposium.
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Proper financial disclosures stressed
FE Report | Published: August 30, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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