Chartered accountants can contribute in prevention of tax evasion

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BSS, Dhaka :
Chartered Accountants can contribute in prevention of illegal transactions and tax evasion practices, speakers observed at a conference of the Institute of Charted Accountants of Bangladesh (ICAB) at its auditorium in the city yesterday.
“Central Bank and the other Government Departments should use the Accountancy Profession as a whole to prevent public interest by means of appropriate presentation, measurement and disclosure of the Financial Instruments for the ultimate development of the nation,” said M Eunusur Rahman, Secretary of Bank and Financial Institutions Division of Finance Ministry, while he was addressing the conference as the chief guest.
ICAB organised the members’ conference where Ferdous Ahmed Khan, Partner of OCTOKHAN and Chartered Accountants conducted the conference as the session chairman. ICAB President Kamrul Abedin delivered the welcome address.
Eunusur said such conference would definitely benefit the accountants who are particularly dealing with various Financial Instruments in Banking and Financial Institutions.
He hoped that the financial sector of Bangladesh is growing at a very realistic pace towards the achievement of the Vision 2021 of the government and Bangladesh would become Mid-Income group country by 2021.
To keep pace with the global changes, Bangladesh Government, in particular the Ministry of Finance and Central Bank have always remained alert and issues necessary guidelines based on the developments and amendments of the International Financial Reporting Standards, related Laws and Regulations, he said.
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