A.S.M Nayeem
Nayeem is a fellow member of the Institute of Chartered Accountants of Bangladesh (ICAB), an associate member of the Institute of Chartered Accountants in England and Wales (ICAEW) and a fellow member of the Association of Chartered Certified Accountants (ACCA), UK. He qualified in 1980 and is one of the founding partners of ACNABIN Chartered Accountants. Nayeem is a postgraduate in Accounting from the University of Dhaka and also in Industrial Administration from the University of Aston in Birmingham, UK.
Nayeem was the President of ICAB for the year 2006. He was a Council Member of ICAB from 1998 to 2018. Nayeem was the President of the South Asian Federation of Accountants in 2017 and the Vice President and the Advisor of SAFA in 2016 and 2018 respectively.
Nayeem was a Lecturer of Accounting at the University of Chittagong and Controller of Accounts Biman of Bangladesh Airlines. He also worked as the Managing Director of K&T Logistics and Finvest Services Ltd. and Director of Technical Studies of ICAB.
Nayeem has a good blending of working experience as a public accountant as well as a top level management executive in the corporate sector.
As a public accountant, Nayeem has been active in audit and advisory services across a sizeable number of local and multinational clients. His professional activities include:
- Assurance Service: Statutory audit, Independent review of financial statements, Review engagement and Performing agreed-upon procedures (Special audit, Management audit, Performance audit, Interim audit etc).
- Corporate Finance Advisory Services: Due Diligence, Mergers & Acquisitions, Transaction Advisory, Corporate Restructuring, Valuation (Business/ Share Valuation, Regulatory Valuation, Investment Valuation, Purchase Price Allocation, Fixed Assets Valuation etc).
- Business Process Outsourcing (BPO): Accounts payable processing, Payroll and payroll tax processing, Accounting services, Human resource support, Preparation of management accounts and management information systems, Preparation & Maintenance of books of accounts, Support in day-to-day Transaction Processing, New investment advisory, Advice on secretarial matters relating to the Companies Act., Management of Litigation, Correspondence with Corporate Regulatory Bodies etc.
- Risk and Advisory Services: Business Advisory, Joint Venture Formation, Forensic Services, Governance, Risk and Compliance, Management Assurance (Internal Audit, Concurrent Audit/Second Opinion, Management Audit etc).
- Tax and Regulatory Services: Direct Tax, Indirect Tax, Regulatory Services, Special Advisory.
- Sustainability Advisory Services: Strategic Support (Review existing Governance & Policy Frameworks, Redefine a Comprehensive Governance structure with a ‘Prevention, Detection and Remediation’ process for ensuring an ethical environment within the organization etc), Managerial Support, Operational Support etc.
Nayeem’s other interests:
- Chairman of Board of Studies of ICAB
- Member- Different Committees of ICAB.
- Director of Grameen Fund, Grameen Knitwear Limited, Grameen Fashion and Fabrics Limited, Ononyo Construction and Development Limited
- Member of Grameen Mutual Fund
- Ex-Chairman of Audit Committee, International and Regional Affairs Committee, Quality Assurance Board, Executive Committee and Examination Committee of ICAB
- Ex-Chairman of Committee on Professional Ethics and Independence – SAFA
- Ex-Chairman of Bangladesh Shipping Agents Association and Port Users Forum of Bangladesh
- Ex-Director of Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited, Sonali Bank Limited, Agrani Bank Limited, Karnaphuli Group of Companies and Republic Insurance Company Limited and Bangladesh Inland Container Depot Association