Business Desk :
For further improving the quality of financial reporting and auditing in the country, every responsible stakeholder should contribute independently through maintaining integrity and professionalism. Management of company, audit committee, internal and external auditors and the regulators require to perform their own responsibilities properly in this direction.
Speakers at a virtual conference on Saturday forwarded the observations. The Institute of Chartered Accountants of Bangladesh-ICAB organised the virtual members’ conference on Dynamics of Audit Quality in Bangladesh where Prof. Dr. Md. Salim Uddin FCA, Council Member of ICAB and Professor, Department of Accounting, University of Chittagong presented the keynote paper. ICAB President Mahmudul Hasan Khusru FCA delivered address of welcome, according to a statement.
Dewan Nurul Islam FCA, Chairman of the Investigation and Disciplinary Committee (IDC) and Past President-ICAB conducted the conference as the Session Chairman. As panel speakers Muhammad Farooq FCA, Member Council and Immediate Past President ICAB; and Md. Abdul Kader Joaddar FCA, Vice President-ICAB took part in the conference.
ICAB President Mahmudul Hasan Khusru FCA said, the most important issue for audit profession is the quality of audit. There is no way for auditors to compromise the quality, he said and added that ICAB has strengthened its monitoring activities which include deploying dedicated employees, developing and updating frameworks, checklist and automation. It also introduced an integrated audit software for improving the quality of audit, he added.
