Call for Articles by ICAB

Call for Articles on 'Capital Market-Risk and Opportunity' for the January-March 2011 issue of "Bangladesh Accountant"

Articles are invited from Honorable members for the January-March 2011 issue of "Bangladesh Accountant", the quarterly Journal of the Institute. The theme of this issue would be "Capital Market-Risk and Opportunity".Write up on other issues not related to the theme can also be sent. But Editorial Board will select the articles for publication. The Editorial Board of the Council-ICAB expects that the members of the Institute would regularly contribute Articles to “The Bangladesh Accountant” keeping in view their responsibility to strengthen the Accounting Profession. Honorable members are therefore requested to please send Articles on the theme within 28 March 2011 for publication in “The Bangladesh Accountant”. It is to mention that honorarium is paid to the contributors of the original write-ups. CONTRIBUTORS OF ARTICLES ARE REQUESTED TO PLEASE ENCLOSE FULL ADDRESS AND CONTACT NUMBER ALONG WITH THE ARTICLE.

ICAB New Curriculum

1/15/ICAB-2010 04 October 2010


CIRCULAR
In continuation of the Institute’s Circular of even number dated 28 March, 2010 regarding ICAB New Curriculum, the Council ICAB in its meeting held on 05 July & 19 July 2010 respectively resolved that the Examination Structure and Conversion Criteria as under would be followed by the examinees of ICAB:

Eligibility for examination after registration:

The students will be allowed to sit for the examination for the first time after 10(ten) months from the date of registration and this ten-month period will be counted from the date of registration up to the first day of May for the examination of May-June session and up to the first day of November for the examination of November-December session.

Clarification of Attempts

a. All the papers of Knowledge Level must be completed within 4 (four) years from the date of registration, or in 06 (six) consecutive attempts counting from the first eligible attempt of the student concerned, whichever is later. Here an available opportunity to sit for any or more or all papers of Knowledge Level examination will be considered to be an attempt irrespective of whether the student concerned actually avails the opportunity or not (i.e. whether he/she actually sits for the examination or not);

b. All the papers of Application Level must be completed within 3(three) years after the completion of Knowledge Level (i.e. in maximum six consecutive examinations after the completion of Knowledge Level); and

c. All the papers of Advanced Stage (Integration +Case Study) must be completed within 3(three) years after the completion of Application Level (i.e. in maximum six consecutive examinations after the completion of Application Level).

Old Stream Students

1. PE-I Level:

Students who: (i) have neither passed, nor got exemption from, any paper or half paper of PE-I level, or (ii) have either passed, or got exemption from, one or more full/half papers (but not all the papers) of PE-I level must complete:

a. All the relevant papers of Knowledge Level by November-December 2012 examination (inclusive);

b. All the relevant papers of Application Level within 3(three) years after the completion of Knowledge Level (i.e. in maximum six consecutive examinations after the completion of Knowledge Level); and

c. All the papers of Advanced Stage including Case Study within 3(three) years after the completion of Application Level (i.e. in maximum six consecutive examinations after the completion of Application Level).

2. PE-II Level:

Students who have passed PE-I, but: (i) have neither passed, nor got exemption from, any paper of PE-II Level, or (ii) have either passed, or got exemption from, one or more papers (but not all the papers) of PE-II Level must complete:

a. All the relevant papers of Knowledge Level by November-December 2013 examination (inclusive);

b. All the relevant papers of Application Level within 3(three) years after the completion of Knowledge Level (i.e. in maximum six consecutive examinations after the completion of Knowledge Level); and

c. All the papers of Advanced Stage including Case Study within 3 (three) years after the completion of Application Level (i.e. in maximum six consecutive examinations after the completion of Application Level).

3. PE-III Level:

Students who have passed PE-II, but: (i) have neither passed, nor got exemption from, any paper or half paper of PE-III Level, or (ii) have either passed, or got exemption from, one or more full/half papers (but not all the papers) of PE-III Level, and (iii) thus have not qualified as CA, must complete:

a. All the relevant papers of Knowledge Level and Application Level by May-June 2014 examination (inclusive); and

b. All the papers of Advanced Stage including Case Study within 3(three) years after the completion of Knowledge and Application Levels (i.e. in maximum six consecutive examinations after the completion of Knowledge and Application levels).

The above students will be allowed to sit for the relevant papers of both the Knowledge Level and Application Level examinations in the same session.

Note: Item No.1 will come into force immediately. Item No.2 & 3 will come into force immediately after the PE-II and PE-III level examinations are discontinued respectively.

Conversion Course

1. PE-I: Passed, or exempted from, Financial Accounting

Attend and successfully complete a conversion course on “Preparing Limited Company Accounts” (30 hours), organized by ICAB to obtain exemption from PS(K) Accounting.

2. PE-II: Passed Advanced Financial Accounting

Attend and successfully complete a conversion course on “Principal differences between IFRS and Bangladesh GAAP and most commonly applicable BAS/BFRS” (30 hours), organized by ICAB to obtain exemption from Financial Accounting.

Note: Students will be assessed by a combination of end-of-course test, attendance records and in-course test(s) by teachers. If on assessment a student does not pass, he/she will have to pass the re-sit test to be arranged within 02 months after the end-of-course test. Students who do not satisfactorily complete the course will have to sit the main paper(s) for which they were working to obtain exemption.

By order of the Council-ICAB

N I Chowdhury FCA

Secretary-ICAB

TO : ALL CA FIRMS

ALL NOTICE BOARDS OF ICAB

ICAB's Clarification on Advertisement published on the Daily Prothom Alo dated 16 September 2010

1/1/ICAB(10)


17 September 2010



To

Honourable Council Members

The Institute of Chartered Accountants of Bangladesh (ICAB)

Dhaka



Dear Sirs,



ICAB's Clarification on Advertisement published on the Daily Prothom

Alo dated 16 September 2010



On September 15, 2010 ICAB issued a Work Order in favour of the Daily

Prothom Alo for publication of the following Advertisement in their

daily. The daily Prothom Alo Advertisement Section duly received our

Work Order and Advertisement matter under signature and seal for

publication on 16 September 2010.



Quote



Notice

Special Coaching Classes for PE-II and PE-III examinees



This is for information of all concerned that the PE-II and PE-III

examinations will be held for the last time in Nov-Dec 2010 and

May-June 2011 respectively. The Institute has decided to provide

special coaching assistance to the examinees which will be commenced

from 30 September 2010. Students intending to attend the Special

Coaching Classes will be required to Enroll/Register their names and

deposit fee @ Tk. 5000/- per subject in the form of Pay Order/Demand

Draft drawn in favour of ICAB from any scheduled Bank of Bangladesh.

The fees are to be deposited to the Accounts Section of ICAB. The

last date for payment of fees is 23 September 2010.



For further information, please contact:



Sr. Assistant Director (Education)-ICAB

Tel: 9115340, 9117521





N I Chowdhury FCA

Secretary-ICAB

Unquote



Instead of publishing our above mentioned Advertisement, they

published a different Advertisement which was not relevant to our

supplied matter. The Prothom Alo Editor has however, regretted the

incidence and assured ICAB that the above Advertisement will be

published on September 17, 2010.

We are extremely sorry for what has happened due to inadvertence of

the Prothom Alo Advertisement section.

This is for your kind information and reference please.







NI Chowdhury FCA

Secretary-ICAB



Copy to: All Members of the Institute

Issues of monthly News Bulletin June 2010 of ICAB

• Power Development Vital for Economic Growth


• IFAC News

• An Interview with Sylvie Voghel - Chair, SMP Committee, IFAC

• Library Attendance June 2010

• Admission as Associate

• Admission as Fellow

• Permission to Start Practice

• Meetings and Programmes held in the Month of June 2010

• Member's Achievement

• News Office Bearers of UK Chapter for 2010-11

For more details visit http://www.icab.org.bd/

ICAB CIRCULAR

1/15/ICAB-2010
29 August 2010

CIRCULAR

This is for information of all concerned that in supersession of all
previous Circulars issued in this regard, this Circular is being
issued in the context of the Council decisions taken in its meeting
held on 05 July 2010 in respect of the ending PE-II and PE-III
Examinations as follows:

(i) As per earlier decision the May-June 2010 examinations were
scheduled to be the last PE-II examinations. After re-consideration
of all relevant factors, the Council-ICAB has decided that another
PE-II Examination will be held in November-December 2010 and the
examinees may appear in that examination for the last time. After
November-December 2010 there will be no more PE-II Examination and
the concerned examinees will have to appear in examinations under the
new Curriculum from May-June 2011 Examinations.


(ii) As per earlier decision the last PE-III examinations were
scheduled to be held in November-December 2010. After
re-consideration of all relevant factors, the Council-ICAB has
decided that the last PE-III examination will be held in May-June
2011 and after that there will be no more PE-III Examinations. The
concerned examinees will have to appear under the new Curriculum from
November-December 2011 Examinations.

By order of the Council-ICAB


N I Chowdhury FCA
Secretary-ICAB

TO : ALL CA FIRMS
NOTICE BOARDS OF ICAB