When to use a Members' Voluntary Liquidation to close a company
SPONSORED: A Members' Voluntary Liquidation (MVL) is as a formal process that allows the directors of solvent companies...
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We speak again with Alii Aqbour Chowdhury, who is working with the IFA to improve education in the region.
We spoke over a year ago. What has changed in your life and career?
During that time I was full-time involved in my accounting practice but currently I am working as the chief executive and academic director of The Certified Public Accountants and Tax Advisers, Bangladesh (CPA Bangladesh), in order to develop qualified accounting and tax professionals in Bangladesh.
What has happened in that time in your work with the IFA?
I have been working with IFA education manager Susan Divall and head of business development Jonathan Barber on an important project, and I hope that we can talk more about where this is heading later on this year.
Since we last spoke, what has happened in Bangladesh?
The global health crisis caused by Covid-19 has hit Bangladesh hard and jeopardised the country’s achievements in poverty reduction. It has a greater reliance on trade relative to the other countries in the region.
Have your thoughts on doing business in Bangladesh changed since we last spoke?
If so, how have they changed? Many nations are seriously mulling over cutting down their reliance on Beijing for their material needs. Bangladesh is likely to get a bigger share of foreign direct investment as many foreign companies plan to relocate their factories to countries like Bangladesh.
What events have you run in the last 18 months on behalf of the IFA?
We arranged two networking events this year and are planning to organise our postponed CPD events online.
What is the future of the IFA in Bangladesh, and why?
There is a severe shortage of qualified accounting and tax professionals in Bangladesh. The local accounting bodies have failed to fulfil their members’ international accreditation and CPD to an international standard.
There were no SME and tax-focused professional bodies. The IFA is keen to address this gap in the market and is looking at possible solutions to assist local accountants.