Office space
We have an office space of 1,200 square feet, which is fully air-conditioned, well decorated and can accommodate about 40 students and staff at a time. The office has a dedicated server room and library facility.
The firm
About us
M. Shahidul Islam & Co., Chartered Accountants is a firm registered under the Institute of Chartered Accountants of Bangladesh (ICAB).
As a qualified and experienced firm, we have been providing professional services in audit, tax, corporate advisory and solutions to our clients.
Our firm
M. Shahidul Islam & Co., Chartered Accountants is a firm of Chartered Accountants. We are popularly known as MSI. The firm assists its clients of all sizes and nature, from SMEs to mid-caps and global conglomerates as well as start-ups, NGOs and public bodies at every stage of their development.
Our firm has a group of dedicated professionals with diversified expertise to work in the areas of audit, tax and legal, business advisory, BPO services and other management consultancy services.
Best-quality service is our top priority, and we look forward to creating and building sustainable client relationships. We provide different professional services with the help of our expert team.
Direction
Our vision
Our vision is to become one of the best Chartered Accountants firms in Bangladesh.
Our mission
Our mission is to support our clients in achieving their organisational objectives with the experience, knowledge and skills of our professionals, resources, innovative methodologies, and best practices.
How we work
Our values
- Maintain the strictest integrity in each statement and action.
- Confidentiality of our clients is the top priority.
- Support clients with only sustainable and can-do advisories.
- Unlearn, learn and re-learn technology.
- Fair and equitable treatment of each client and each individual.
- We are heavily focused on environment, health and safety in all our actions.
Why MSI
Working with the firm
- You will be fully compliant with statutory and regulatory requirements.
- Integration of multi-expert team members.
- Capable of serving different types and sizes of organisation.
- Cost-effective and value-added solutions.
- Ability to infuse new value additions.
- Ten years of practical experience brought to your table.
Practice
Distinctive features
- Teammates with cross-industry experience
- Extensive in-house training sessions
- All functions of all types of organisations
- Strong networks of cross-industry professionals
- Rigorous in-house peer reviews
- Tech savvy
Our resources
Facilities
We have adequate infrastructural facilities to provide quality services in a timely manner to our valued clients, both existing and prospective. Details of the firm’s facilities are stated below.
IT equipment
We have adequate IT equipment for our students and staff including laptops, desktop computers, printers, scanner, internet routers and a digital attendance system.
PABX and digital attendance
We have a digital attendance system and a PABX system for telephonic conversation across the office premises.
Meeting rooms
We have in total two meeting rooms and one large conference room within our office premises for smooth operation.
Internet
We have a dedicated internet connection through fibre optics, speed: 5 Mbps. The entire office is under Wi-Fi connectivity.
People
Partners
Organisations named in the profiles below are from prior professional experience. They are not presented as current MSI clients.
Managing Partner
Mr. Md. Shahidul Islam FCA
Mr. Md. Shahidul Islam FCA is a Chartered Accountant and Fellow Member of The Institute of Chartered Accountants of Bangladesh (ICAB).
Brief profile
- He has completed his Bachelor of Business Administration (BBA) and Masters of Business Administration (MBA) from the Department of Accounting and Information Systems (AIS), University of Dhaka.
- He completed his Chartered Accountancy from ACNABIN, Chartered Accountants (a member firm of Baker Tilly International), Dhaka.
- From that prior-firm work he has extensive experience in external audit, special audit, risk advisory and financial review of national and multinational companies in Bangladesh. Some of them are Unilever Bangladesh Limited, The Premier Bank Limited, Union Bank Limited, NRB Commercial Bank Limited, Ogilvy Mather Communications Limited, Bangladesh Cricket Board, Petro Bangla, Gas Transmission Company Ltd (GTCL), Paschimanchal Gas Company Ltd (PGCB), and Jalalabad Gas Company Ltd (JGTCD). These names are prior-firm experience, not a current MSI client list.
- He also leads a Transfer Pricing (TP) team and provides TP services to a wide range of organisations including MetLife (ALICO), RAK Ceramics Bangladesh Limited, Evergreen Products Factory BD Limited, SEAF Venture Bangladesh Limited, SEAF Venture Management Limited, and others.
- He has expertise in providing tax services to various organisations such as MetLife (ALICO), RAK Ceramics Bangladesh Limited, Evergreen Products Factory BD Limited, Islami Bank Bangladesh Limited, Shimanto Bank Limited, Mercantile Bank Limited, The Premier Bank Limited, NRB Bank Limited, Union Bank Limited, NRB Commercial Bank Limited, Radiant Pharmaceuticals Limited, Epylion Group, Evergreen Group, Aamra Group, AG Group and more.
- He has expertise in clients’ bookkeeping, accounting, financial reporting, and compliance in respect of direct tax, indirect tax, and other regulatory matters.
- He has extensive experience in employee benefit fund accounting and gratuity fund accounting and obtaining its approval from NBR.
- He is an IT and accounting specialist, with knowledge of implementing Tally for many clients. He also works with SAP modules, QuickBooks, APT and Benipack.
Partner
Mr. Md. Shahnewaz Alam FCA
Mr. Md. Shahnewaz Alam FCA is a Chartered Accountant and Fellow Member of The Institute of Chartered Accountants of Bangladesh (ICAB). Chartered Accountant | Audit & Tax Specialist | Financial Consultant.
Brief profile
- He has completed his Bachelor of Business Administration (BBA) from the Department of Accounting and Finance of American International University-Bangladesh (AIUB).
- He has completed his Master of Business Administration (MBA) from the Department of Finance of BRAC University.
- He completed his Chartered Accountancy from Hoda Vasi Chowdhury & Co., Chartered Accountants, Dhaka.
- He worked as Head of Accounts at Savoy Ice Cream Factory Limited from 01 January 2019 to 30 November 2023.
- From prior-firm and earlier professional work he has extensive experience in external audit, special audit, risk advisory, and financial review of national and multinational banks, non-banking financial institutions, and private and public limited companies in Bangladesh including Bank Asia PLC, Dhaka Bank PLC, Dutch Bangla Bank PLC, Agrani Bank PLC, Prime Bank, Bengal Commercial Bank, Citi Bank, IPDC, SBAC Investment Ltd, Runner Group, Rangs Group, Rancon Automobiles, MetLife Bangladesh, IDCOL, FICCI, Rahimafrooz, Cloudwell Ltd, Hamid Fabrics, MBM Group and others. These names are prior-firm experience, not a current MSI client list.
- He has expertise in providing tax services including tax planning, tax management, tax assessment completion, bank deposit analysis, and bank reconciliation of various organisations including UTAH Group, MBM Group, Medical System Co Ltd, Hamid Spinning Mills, Fariha Group and others.
- He has expertise in submitting monthly VAT returns of reputed companies including Sundarban Courier Service, Grameen Trust, Golden Group and others.
- He has vast experience in preparation and submission of income tax returns for individuals, companies, and NGOs as well as tax certificate collection.
- He has extensive expertise in conducting special audits of Seven Rings Cement BD Ltd and Unique Hotel and Resorts Ltd.
- He has practical experience in conducting internal audits of Rangs Group, Rancon Automobiles, and Rangs Motors Ltd.
- He has expertise in inventory audit, factory audit, pre-audit, post-audit, and asset valuation of various companies including Unique Hotel and Resorts Ltd, Seven Rings Cement BD Ltd, Dabur Bangladesh Ltd, Hamid Fabrics, and Hamid Spinning Mills Ltd.
- He has extensive experience in external audit of employee benefit fund accounting and gratuity fund accounting and obtaining approval from the National Board of Revenue (NBR).
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M. Shahidul Islam & Co., Chartered Accountants is a firm registered under the ICAB.