Former ICMAB president Delwer Hussain elected Safa vice president

A K M Delwer Hussain FCMA has been elected as the vice president of the South Asian Federation of Accountants (Safa) for the year 2020.

The decision was taken at the 63rd board meeting of Safa on Saturday.

Also, the seasoned cost and management accountant will be the president of Safa for the year 2021, reads a press release.

Delwer Hussain is now a member of WASO Credit Rating Company BD Ltd, the finance committee of the Bangladesh University of Engineering and Technology, and Secretary General of Consultative Committee of Public Enterprises.

He served as the president of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) in 2004 and 2013. 

The cost and management accountant was elected as a board member and also a member of the strategic committee of the Confederation of Asian and Pacific Accountants in 2004. 

Also, Delwer Hussain was the former chairman of the Bangladesh Sugar and Food Industries Corporation, and the director of Rupali Bank. 

He was the director of Dhaka Power Distribution Company Ltd, Bangladesh Diesel Plant Ltd, Bangladesh Institute of Capital Market, and Dhaka Stock Exchange Limited, too.

Founded in 1984, Safa is a forum of professional accounting bodies in the Saarc (South Asian Association of Regional Cooperation) region. 

Promoting harmonisation of accounting standards and practices, it is working in the public interest and towards broad economic development of the region. 

The strategy of the organisation is not to create new standards but to promote harmonisation by building common knowledge and adoption of International Accounting Standards (IAS).