Asico

Our People

Commitment, development, and networking are the cornerstones of our people resources. Our personnel are recruited based on their specialized skills, extensive experience, education, and unwavering commitment to delivering superior services to our clients. We place equal emphasis on the ethical conduct of our staff across our comprehensive suite of service offerings, encompassing audit and assurance, taxation, advisory, and business services.

Our esteemed partners and personnel are held to the highest ethical standards and are always expected to adhere to the IESBA codes. Most of our trainee accountants hold university graduate or postgraduate degrees. To meet their CA and ACCA requirements, they must undergo a thorough training program ranging from two to four years on audit, assurance, accounting, advisory, and ethical standards. All our personnel undergo a structured training program involving extensive professional courses.

Our organization boasts a robust team comprising more than 140 personnel, who collectively form the hierarchical structure of the firm. Moreover, we engage a panel of distinguished professionals to deliver specialized services with a focus on ensuring client satisfaction. This panel includes esteemed individuals such as economists, cost accountants, engineers, lawyers, financial analysts, HR specialists, and EDP and system analysts. These professionals are engaged on an ad hoc basis and operate under the direct supervision of the respective Partner.

Meet the Partners

Abdus Salam, FCA

Senior & Founding Partner

Md. Anwar Hossain, FCA

Managing Partner

Md. Sarwar Hossain, FCA

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S. M. Tauhidul Islam, FCA

Partner

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Md. Aman Ullah, ACA

Director

Md. Shafiqul Islam, ACA

Deputy Director

Mohammad Kamruzzaman Rony

Deputy Director - Audit and Advisory (Banks and NBFIs)

Kanon Kumar Roy

Senior Tax Consultant

A K M Didarul Alam

IT Consultant

Abdus Salam, FCA

Founder & Senior Partner

Salam is a Fellow Chartered Accountant (FCA) of The Institute of Chartered Accountants of Bangladesh (ICAB) and holds an MCom degree from a reputed university. He has been practicing as a public accountant since 1981 and was the Founding Partner of ASICO in 2016. He leads the operation of the firm’s Chattogram Office and directs the audit, advisory, tax management, and consultancy engagements of the Chattogram branch.

Area of expertise
External Audit
Forensic Audit
Advisory Services
Clients
Bank and Financial Institution Sectors
Development (Non-Governmental Organization) Sector
Public Sector
Readymade Garments Sector
Private Limited Companies
Small and Midsized Enterprises (SME)

Md. Anwar Hossain, FCA

Managing Partner

Anwar is a Fellow Chartered Accountant (FCA) of The Institute of Chartered Accountants of Bangladesh (ICAB) and holds an MCom degree from a reputable university. He has been Managing Partner at ASICO since 2021, leading the Audit and Assurance and Advisory division.

Anwar brings over 20 years of experience in audit, assurance, and advisory services to the organization. Prior to joining ASICO, he enjoyed a distinguished tenure as a Director in the Audit & Advisory division of a leading accounting firm, spanning over a decade. His direct involvement in numerous collaborative engagements with Ernst & Young (EY) provided valuable exposure to international assignments, including leading audit and consulting projects in diverse locations such as Afghanistan, India, Liberia, Tanzania, Sierra Leone, and Uganda.

He has completed extensive training sessions conducted by EY (UK, India, and Malaysia), ICAB, and Bangladesh Bank. The training covered essential areas including IFRS, ISA, risk management for microfinance organizations, risk-based internal audit, BASEL II and III, internal control & compliance, anti-money laundering, leadership, project management, and International Valuation Standards.

Area of expertise
External Audit
Forensic Audit
Business Valuation
Business Process Improvement Services
Cross-border Audit and Advisory Services
Advisory Services
Clients
Bank and Financial Institution Sectors
Development (Non-Governmental Organization) Sector
Public Sector
Publicly Trading Companies
Education Institutions
Insurance Sector

Md. Sarwar Hossain, FCA

Partner

Sarwar is a Fellow Chartered Accountant (FCA) of The Institute of Chartered Accountants of Bangladesh (ICAB) with an MCom degree from a reputed university. He has been a Partner at ASICO since 2021. Having obtained his Income Tax Practitioner (ITP) and VAT Consultant registrations from the National Board of Revenue (NBR), Sarwar heads the Taxation division of ASICO.

Sarwar has successfully completed his Chartered Accountancy program at KPMG in Bangladesh. He has accumulated extensive experience serving as CFO and Head of Internal Audit in various companies across diverse industries. Additionally, he has actively pursued numerous training courses to meet the evolving demands of his profession and to enhance his professional competencies. These endeavors encompass training in IFRS, data analytics, BSEC rules and regulations, public procurement rules, the KPMG audit manual (KAM), and international ethical practices.

His main clientele consists of multinational organizations and private limited companies for which he has served as an auditor and tax consultant depending on the engagement.

 

Area of expertise
External Audit
Corporate and commercial tax planning
Preparing income tax computation for companies and individual assessees
Tax litigation support, including prudential solutions
·Preparation, filing, and pleading appeals before the appropriate authority
Preparation, filing, and assisting in obtaining exemption/reduced rate certifications
Preparation, filing, and assisting in obtaining approval of provident fund, gratuity fund, and pension fun
Proactive advice resulting from fast-changing tax legislation
Tax-effective structuring for small to medium-sized business
Group structuring and reorganization (including tax consolidation)
Transfer pricing
All sorts of VAT and customs, regulatory and supplementary duties services
Clients
Bank and Financial Institution Sectors
Readymade Garments Sector
Public Sector
Publicly Trading Companies
Private Limited Companies
Small and Midsized Enterprises (SME)
Manufacturing Companies

S.M. Tauhidul Islam, FCA

Partner

Tauhidul is an FCA of The Institute of Chartered Accountants of Bangladesh (ICAB) and holds an MCom degree. Since 2021, he has been a Partner at ASICO, leading the Audit and Assurance division.

With extensive senior-level experience spanning approximately ten years, Tauhidul has been actively engaged with esteemed multinational organizations in audit and assurance. During his tenure, he has held pivotal roles at a leading accounting firm and has been directly involved in collaborative efforts with Ernst & Young (EY). Subsequently, he assumed the pivotal position of Head of Internal Audit at FCI (BD) Limited, a prominent multinational company within the RMG industry.

In addition to his professional background, he has completed numerous training courses to meet the requirements of engagement and enhance his professional skills. These courses encompass training in IFRS, BSEC rules and regulations, public procurement rules, and international ethical practices.

Area of expertise
External Audit
Forensic Audit
Business Valuation
Internal Audit
Reporting to Group Auditors
Clients
Bank and Financial Institution Sectors
Readymade Garments Sector
Public Sector
Publicly Trading Companies
Private Limited Companies
Education Institutions
Manufacturing Companies
Development (Non-Governmental Organization) Sector
Asset Management Companies

Md. Aman Ullah, ACA

Director

Aman is an Associate Chartered Accountant (ACA) of The Institute of Chartered Accountants of Bangladesh (ICAB) and completed his BBA and MBA in Accounting from Dhaka University. He has served as a Director at ASICO since 2021.

Aman specializes in advisory services to clients. He is also engaged in business valuation and other business process improvement services. He has extensive experience working with renowned multinational organizations and imparting advisory services to clients.

He has held senior-level positions at one of the country’s leading and pioneer accounting firms for a prolonged period. During this period, he worked directly with Ernst & Young (EY) on assignments. Subsequently, he served as Finance Manager in an MNC RMG company, EPIC Group. Besides this, he has also taken part in numerous training courses to adapt to engagement requirements and excel in his professional skills. These include training on IFRS, BSEC rules and regulations, public procurement rules, and international ethical practices. Aman has experience with SAP, conducting internal audits, and working in foreign countries deputed on specific assignments such as Singapore, Hong Kong, India, and Thailand.

Area of expertise
External Audit
Employee Benefit Fund Audits
Business Valuation
Business Process Improvement Services
Internal Control Reporting
Payroll Services
Corporate Secretarial Services
Due Diligence Reviews
Advisory Services
Clients
Bank and Financial Institution Sectors
Readymade Garments Sector
Publicly Trading Companies
Private Limited Companies
Education Institutions
Manufacturing Companies
Development (Non-Governmental Organization) Sector

Md. Shafiqul Islam, ACA

Deputy Director

Shafiqul is an Associate Chartered Accountant (ACA) of The Institute of Chartered Accountants of Bangladesh (ICAB). He completed his BBA and MBA in Accounting from a reputed university in the country. He has served as a Deputy Director at ASICO since 2021.

Shafiul specializes in assurance and advisory services at ASICO. He is also engaged in business valuation and other business process improvement services. He has extensive experience working with renowned multinational organizations and providing advisory services to clients.

He has held a senior-level position at one of the country’s leading and pioneer accounting firms for a prolonged period. During this period, he worked directly with Ernst & Young (EY) on assignments. Besides this, he has also taken part in numerous training courses to adapt to engagement requirements and excel in his professional skills. These include training on IFRS, BSEC rules and regulations, public procurement rules, and international ethical practices.

Shafiul has developed high-quality skills in IFRS, fund management, investment management, financial budgeting, business strategy formulation, tax and VAT compliance, policies and SOPs, internal control and process designing, and regulatory compliance matters.

Area of expertise
External Audit
Employee Benefit Fund Audits
Investment Management
Financial Budgeting
Internal Control Reporting
Business Strategy Formulation
Business Process and SOP Designing
Regulatory Compliance
Advisory Services
Clients
Bank and Financial Institution Sectors
Readymade Garments Sector
Publicly Trading Companies
Private Limited Companies
Education Institutions
Manufacturing Companies
Development (Non-Governmental Organization) Sector

Mohammad Kamruzzaman Rony

Deputy Director - Audit and Advisory (Banks and NBFIs)

Kamruzzaman is a professional accountant specializing in banking and NBFI operations. He is a business graduate who completed his master’s in accounting at a reputed university in the country. Besides his academic degrees, he is also an Income Tax Practitioner and is currently pursuing level II of Chartered Accountancy in Bangladesh.

He is a seasoned banker who has served for more than 14 years in the Commercial Bank of Ceylon PLC (an MNC bank operating in Bangladesh) in various senior management positions in the Finance & Accounts, Internal Audit, Taxation, Reconciliation, and Fixed Asset divisions of the bank. He was directly involved in the implementation of several vital projects/report of the bank like Basell III, IFRS 9 in line with global reporting requirements, and preparation and adoption of accounting & procurement policies of the bank. He has attended numerous global and local training courses, which includes risk management, internal control mechanism and bank supervision, risk-based internal audit and supervision, IFRS and taxation, etc.

Before joining the bank, he completed his CA Articleship from one of the leading and pioneer firms of the country, representing EY in Bangladesh, where he gained experience in the field of audit in Banks, MNCs, NGOs, tax planning, and valuation.

Area of expertise
Banking Laws and Regulations and Bangladesh Bank Guidelines
Basell III Implementation
Risk Management of Banks and NBFIs
NBFI Laws and Regulations
Foreign Remittance Regulations
Business Strategy Formulation of Banks
Business Process and SOP Designing of Banks
IFRS 9 implementation in Banks
Credit Rating and CAMELS Rating
Nostro Reconciliation
Preparation of Financial Statements of Banks following Bangladesh Bank Guidelines and IFRS
Internal Audit of Departments and Branches of Banks
Financial Budgeting of Banks
Internal Control Reporting of Banks and NBFIs
Corporate Tax Matters, Withholding Tax and VAT and Employee Tax Matters of Banks and NBFIs

Kanon Kumar Roy

Senior Tax Consultant

Kanon worked in various capacities in the Income Tax department under the National Board of Revenue (NBR) – Deputy Commissioner of Taxes, Joint Commissioner of Taxes, Additional Commissioner of Taxes, Commissioner of Taxes, Director General of Taxes Inspection, and finally, as a Member at NBR. He joined Bangladesh Civil Service in 1988 as Assistant Commissioner of Taxes. Kanon obtained BSc (Hons) and MSc degrees from the University of Rajshahi and another MSc from American International University Bangladesh (AIUB).

Kanon has attended national and international training courses, seminars, and conferences. He has also taken part in study tours and served as a delegate abroad for ICT-related courses at international universities such as the National University of Singapore. Kanon has also completed training courses in Japan and served as a delegate for the NBR delegation at the Central Board of Direct Taxes, Central Processing Centre in India.

He has served as the e-Government Focal Point Officer of NBR in the a2i Program of the Prime Minister’s Office for three long years. He was the designer and chief coordinator of the NBR’s most successful ICT initiative, “e-Payment of Taxes,” “e-TIN system,” “Benapass” – software for cargo import and export, car pass data recording, the Audit management system of income tax, bank search tools, demand, and collection tools; advance tax reminder tools; return processing tools; Electronic Export General Manifest for the Customs authority, VAT East mobile application; and LTU VAT mobile application.

While working as a Tax Policy Member of NBR, Kanon helped to accommodate innovative policy changes in the Income Tax Ordinance, including the much-praised strategy of increasing the tax base by integrating the Database of Power Distribution Companies for electric connections in City Corporation, Pourashava, and Cantonment boards. As a result, he was honored with the position of Chief Innovation Officer of NBR (as an additional responsibility).

A K M Didarul Alam

IT Consultant

Didarul has considerable experience in business transformation, technology solutions, ROI-focused project management, change management, vendor management, human resource management, and process automation. He has completed his MSc in Computer Science from Jahangirnagar University.

He has over sixteen (16) years of experience in advisory services related to a broad range of financial transformation issues, including choosing the right finance system including accounts payable, purchase order and approval software, process improvement and reporting, ERP solutions, key account management, articulating and driving for growth strategy through digital transformation, IT infrastructure development, E-business collaboration, digital solutions, security infrastructure and multi-factor standards and idea-sharing, change management encompassing to accelerate record of viable IT solutions that impact organizational capacity and performance in total operations.

Among his major works were related to rapaciously seizing adaptive infomediaries and user-centric intellectual capital; Collaboratively unleashing result-driven thinking for long-term high-impact IT solutions; Engaging thoroughly tested process improvements before top-line platforms; played instrumental role in identification, qualification, and negotiation with acquisition/merger prospects and ultimate merger that leveraged synergy of two firms to create powerhouse in interactive marketing solutions arena; Established enterprise-wide IT structure, financial/operating controls, and best practices for marketing communications and brand management firm and guided it through downturn with responsible downsizing and refinement of focus; And Clear understanding of strategic vision and profitable execution of how Key’s IT supervision and Service Management.