BSEC revises auditors' panel for listed companies

Ahmad & Akhtar dropped from the list

FE Report | Published: July 18, 2019 10:27:37 | Updated: July 20, 2019 10:30:37

The securities regulator on Tuesday approved and published the revised auditors' panel list for the listed companies, dropping Ahmad & Akhtar Chartered Accountants from the list.

According to the revised list, 39 chartered accountants firms are now eligible for auditing financial statements of the listed securities.

In 2016, the Bangladesh Securities and Exchange Commission (BSEC) formed a panel of 40 auditors to audit financial statements of the listed firms.

The BSEC has now revised the list, dropping one firm, as the Institute of Chartered Accountants of Bangladesh (ICAB) has recently decided not to renew the licence of Kanchi Lal Das, managing partner of Ahmad & Akhtar Chartered Accountants.

The ICAB took such a decision as Kanchi Lal Das refused to cooperate with the ICAB in reviewing the financial report of Coppertech Industries, which has filed for listing on the Dhaka Stock Exchange.

M/S Ahmad & Akthar is the auditor of the much-talked-about Coppertech Industries.

Earlier, the Financial Reporting Council (FRC) asked the ICAB to look into the report, audited by Ahmad & Akhtar, following allegations of anomalies.

Ahmad & Akhtar will not be allowed to audit any financial reports as the firm does not have any licence-holder practitioner at the moment, the ICAB said.

Only the commission-assigned 39 firms are now eligible to audit the listed companies' financial statements. Currently, 319 companies are listed with the DSE.

The revised panel of auditors include A Hoque & Company Chartered Accounts, A Qasem, A Wahab, ACNABIN, Ahmed Mashuque, Ahmed Zaker, ARTISAN, Ashraf Uddin, Ata Khan, Aziz Halim Khair Choudhury, FAMES & R, G Kibria, Hoda Vasi Chowdhury, Howlader Yunus, Hussain Farhad, Islam Aftab Kamrul, Islam Quazi Shafique, KM Alam, KM Hasan, Kazi Zahir Khan, Khan Wahab Shafique Rahman, MJ Abedin, MM Rahman, MABS & J Partners, Mahefi Huq, Malek Siddiqui Wali, Masih Muhith Haque, Nurul Faruk Hasan, Octokhan, Pinaki & Company, Rahman Mostafa Alam, Rahman Rahman Huq, SF Ahmed, SK Barua, Shafiq Basak, Shiraz Khan Basak, Syful Shamsul Alam, Toha Khan Zaman and Zoha Zaman Kabir Rashid.

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