NAPSA AGM held

NAPSA President Md Israil speaks at the annual general meeting of National Association of Public Sector Accountants (NAPSA) in the city on Friday.

The annual general meeting of the National Association of Public Sector Accountants (NAPSA) was held in the city on Friday, says a press release.
NAPSA President Md Israil presided over the meeting.
Vice presidents Md Yeasin Ali and SC Ghosh also attended the meeting while Safiqur Rahman and Advocate Syed Mofizur Rahman were present as the special guests.
Israil presented his Annual Report for 2007 at the meeting. He also informed the members of the association that NAPSA had commissioned BBC Associates, Consultants, to work out the losses incurred by Bangladesh due to devastating floods in 2007 -- NAPSA took it as a response to the call of responsibilities to the community.
The consultants took three months to study and survey the damages done by flood-2007 and came out with the sectorwise loss figures totaling to Tk 468,015 million (or $6.88 billion).
Among the important suggestions made in the AGM were: Name of NAPSA should be changed to Association of Public Finance Accountants on the lines of British Institute of Public Finance and Accountancy, Election of the Board of Governors for 2008 should be held in January '08, Best Public Finance Accountant Award should be reintroduced, NAPSA's syllabus should be updated in line with the syllabus of the British Institute of Public Finance and Accountancy and Associate and Fellow Members of the Institute of Chartered Accountants of Bangladesh (ICAB) and Institute of Cost and Management Accountants of Bangladesh (ICMAB) should be admitted as Associate and Fellow Members of NAPSA granting them full exemption from the examinations of NAPSA as a mark of honour to the two prominent accounting bodies of the country -- this privilege should be allowed until the new syllabus on the lines of the British Institute is introduced.