Md. Moniruzzaman

Assurance services , Corporate finance advisory services , Tax and regulatory services
Photo of Md. Moniruzzaman

Moniruzzaman is a fellow member of the Institute of Chartered Accountants of Bangladesh (ICAB). He became an Associate Member of ICAB in 2001 and a Fellow Member in 2006. He has been a partner of ACNABIN Chartered Accountants since 2003. He is a luminary graduate in commerce from the University of Dhaka, holding both a B. Com (Hons.) and an M. Com degree in Accounting.

Moniruzzaman serves as the President of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2023. Previously he was elected as a Vice President of ICAB for the year 2019. He has been serving the Institute of Chartered Accountants of Bangladesh (ICAB) as a Council Member since 2019.

In his esteemed role as a public accountant, Moniruzzaman has over 30 years of extensive knowledge and expertise. He has worked with a wide variety of local and international clients, performing various professional tasks for them. These professional tasks include:

  • Assurance Services: Statutory Audit, Information System Audit, Compliance Audit, Independent Review of Financial Statements, Agreed-upon Procedures (Management Audit, Special Audit, Performance Audit, Interim Audit, etc.).
  • Business Advisory Services: Corporate Restructuring, Due Diligence, Mergers & Acquisitions, Business and Share Valuation, Regulatory Valuation, Investment Valuation, Purchase Price Allocation, Fixed Assets Valuation, Feasibility Studies, Financial Modeling, Business Process Optimization, etc.
  • Risk and Advisory Services: Forensic Services, Risk Management and Mitigation Strategies, Compliance Evaluation and Enhancement, Fraud Detection and Prevention, Internal Controls Evaluation, Joint Venture Formation, Business Continuity Planning, Crisis Management, Management Assurance (Internal Audit, Management Audit, Concurrent Audit/Second Opinion, etc).
  • Tax and Regulatory Services: Direct Tax Advisory and Planning, Indirect Tax Advisory (e.g., VAT), Regulatory Compliance and Reporting, Tax Optimization Strategies, Transfer Pricing Compliance, Tax Dispute Resolution, Customs and Excise Duty Consulting, International Taxation, Employee Compensation Structuring, etc.
  • Sustainability Advisory Services: Governance and Policy Framework Assessment and Enhancement, Development of Comprehensive Governance Structures, Establishment of 'Prevention, Detection, and Remediation' Processes, Ethical Environment Promotion, Managerial Support for Sustainability Initiatives, Operational Support for Sustainability Implementation, Sustainability Reporting and Compliance, etc.

In addition to the aforementioned proficiencies, Moniruzzaman possesses specialized experience in the realm of Business Process Outsourcing (BPO) services. He generously imparts his wisdom to various organizations, conducting comprehensive training programs across a wide spectrum of subjects, including accounting, finance, International Financial Reporting Standards (IFRS), corporate governance, internal controls, internal auditing, tax planning, and tax management.

Moniruzzaman expertly manages an eclectic portfolio of engagements encompassing diverse industries. His clientele includes state-owned banks, private commercial banks, Islamic Sharia’h-based banks, manufacturing and textile concerns, multinational corporations, power generation companies, oil and gas conglomerates, telecommunication giants, airline corporations, media conglomerates, sports entities, cement manufacturers, pharmaceutical firms, construction companies, micro-finance institutions, non-governmental organizations (NGOs), brokerage houses, merchant banks, asset management companies, life insurance firms, and various other service industries.

Moniruzzaman’s extensive experience, technical expertise, and dedication to professional development have made him a respected figure in the field of accounting and finance in Bangladesh. His contributions extend beyond his professional career to include important roles in government and corporate governance.

Moniruzzaman’s Other Interests:

  • Chairman of Executive Committee and Examination Committee of ICAB.
  • Ex-Chairman of Investigation and Disciplinary Committee, Technical and Research Committee, Professional Development Committee, Committee for Small and Medium Practitioners, Media & Branding Committee, Quality Assurance Board, Editorial Board, etc. of ICAB.
  • Government-nominated Board Member of the Bangladesh Rural Electrification Board (BREB).
  • Ex-Independent Director and Ex-Chairman of the Audit Committee for two publicly listed companies, namely, Janata Insurance Company Limited and Golden Son Limited.
  • Member of the Academic Committee of the Faculty of Business Studies at the University of Dhaka.
  • Life Member of the Accounting Alumni, University of Dhaka and also Life Member of Dhaka University Alumni Association, SM Hall Ex-students’ Association and Bangladesh Accounting Association.