Firm Profile · 2026 · Fifty-six years in practice
More than a signature
on the accounts.
Audit, tax, VAT and advisory for organisations that want clean compliance, tighter control, and a finance function that moves faster. Every statutory audit and every major advisory engagement is signed and led by a Fellow Chartered Accountant holding a current ICAB practising certificate.
Contents
| 01 | The firm Independence and technical rigour, since 1970 | 03 |
| 02 | Scale & reach People, offices and milestones | 04 |
| 03 | Regulatory standing Enlistments and standards applied | 05 |
| 04 | International affiliation Docklands Accountants Ltd., London | 06 |
| 05 | What we do Services mapped to the problem they solve | 07 |
| 06 | The full service line Sixty-five services across three pillars | 09 |
| 07 | Value beyond the audit Re-engineering, AI, automation, Audit Pro | 10 |
| 08 | Track record Clients by sector and five-year assignments | 11 |
| 09 | The partners Six Fellow Chartered Accountants | 13 |
| 10 | The wider team Directors, consultants and specialists | 15 |
| 11 | Quality & independence The controls behind the signature | 16 |
| 12 | How we work · Offices Beginning an engagement, and where to find us | 17 |
- Legal form
- Partnership firm of Chartered Accountants
- ICAB registration
- 2 September 1970, confirmed by ICAB on 29 July 2026
- FRC enlistment
- No. CAF-001-136, dated 1 July 2023, renewed for FY 2026–2027
- Partnership deed
- Dated 5 March 2026, certified by ICAB
- Trade licence
- TRAD/DSCC/230477/2019, renewed to 30 June 2027
- VAT BIN · TIN
- 0025041970208 · 175119277641
- Offices
- Four in Dhaka — Paltan, Bangla Motor, Niketon and Panthapath, each approved by ICAB
- Website
- www.mafazal.com
Independence and technical rigour.
Since 1970.
M A Fazal & Co. was registered with the Institute of Chartered Accountants of Bangladesh on 2 September 1970 and has been in continuous practice ever since. We serve listed companies, multinationals, banks and financial institutions, state-owned enterprises, development organisations, government bodies and growing private businesses.
Every statutory audit and every major advisory engagement is signed and led by a Fellow Chartered Accountant holding a current ICAB practising certificate. That is the highest qualification in the profession, and we do not delegate it.
Our teams bring together chartered accountants, cost and management accountants, lawyers, company secretaries, information systems auditors and management consultants. A single firm can take a problem from the ledger to the regulator, and back, without handing you between specialists.
To be the most trusted and innovative provider of financial, value-based taxation and business advisory services in Bangladesh, helping clients grow through integrity, expertise and solutions built around them.
To advance our clients' growth while upholding the firm's standards, delivering work that meets the ethical requirements of financial reporting for stakeholders and regulators, and reducing client burden at every step.
The highest ethical standard in every engagement.
Continuous improvement and superior service quality.
The specific needs of each client, addressed.
One team, with our clients and within the firm.
A single firm, from the ledger to the regulator and back, without handing you between specialists.
The right people, in sufficient numbers.
Six Fellow Chartered Accountant partners lead the firm, supported by qualified chartered accountants, directors and consultants, managers, supervisors, technical specialists and twenty-nine ICAB-registered articled students, across four offices in Dhaka totalling 3,944 square feet.
| Category | Number | Composition |
|---|---|---|
| Partners — all FCA, holding valid Certificates of Practice | 6 | Audit and non-audit Certificates of Practice renewed to 30 June 2027; each enlisted with the FRC |
| Qualified Chartered Accountants other than partners | 5 | Directors and consultants, ICAB Nos. 2426, 1805, 2149, 1881 and 2232 |
| Other qualified accountants | 1 | FCPA (Australia), CA ANZ — technical adviser and quality reviewer |
| Managers, supervisors and trainers | 16 | Eight managers and eight audit supervisors |
| Articled students registered with ICAB | 29 | Registered with the Institute, with current registration certificates |
| Technical staff | 5 | CISA information systems auditor, technology adviser, engineer and valuer, Barrister-at-Law and tax/VAT consultant |
| Functional back office staff | 3 | Administration and support |
| Total human resources | 65 | Across four offices — Paltan, Bangla Motor, Niketon and Panthapath |
Enlisted where it counts.
M A Fazal & Co. holds enlistment with the major regulatory bodies in Bangladesh. That is what lets a single firm take on the full range of your audit, tax and advisory needs, across every kind of entity.
- International Standards on Auditing (ISA) as adopted in Bangladesh
- IFRS and IAS as adopted by ICAB
- International Standard on Quality Management (ISQM)
- International Code of Ethics for Professional Accountants, including the International Independence Standards
- Companies Act 1994 · Financial Reporting Act 2015 · Securities laws
- Income Tax Act 2023 · VAT and Supplementary Duty Act 2012
- IPSAS, for public sector implementation engagements
No regulatory sanction, penalty, censure, suspension or other disciplinary measure has been imposed on the firm or on any of its partners by ICAB, the FRC, the BSEC, Bangladesh Bank, the IDRA, the NBR, the RJSC or any other regulatory authority.
Neither the firm nor any partner is under any proceeding, enquiry or investigation before any of those authorities, and the firm has never been removed or suspended from the panel of any regulator.
The firm holds a current bank solvency certificate and files audited financial statements of its own.
Docklands Accountants Limited, London.
Since 2022, M A Fazal & Co. has been the Bangladesh member firm of Docklands Accountants Limited, a London-based ACCA-recognised practice. Through this affiliation we connect clients to a wider network of professionals and deliver work with genuine international reach.
- Registered office
- 5 Indescon Square, Lightermans Road, Canary Wharf, London E14 9DQ, United Kingdom
- Incorporation
- England and Wales, Company No. 10070060
- Regulation
- ACCA practising certificate No. 24614127
- Type of affiliation
- Association — member firm, since 2022
- Scope
- Co-operation, professional consultancy, expert opinion and exchange of resources
- Technical support
- Quality improvement service and experience sharing
- Independent review
- Annual review together with engagement-specific risk-based reviews
An international quality lens
File and quality review checklists, ISA and ISQM compliance checklists, independence checklists, risk and materiality schedules, disclosure checklists, sampling and testing review sheets and remediation trackers are applied to our engagements on an annual and risk-based cycle.
Cross-border capability
Support on group reporting to a UK parent, inbound investment, foreign company set-up, expatriate and cross-border payment questions, and reporting packages prepared to an overseas group's timetable.
Access to specialists
Consultation and expert opinion from an ACCA-recognised practice and its wider alliance, drawn on where an engagement raises a question that is better answered by someone who has met it before.
Work delivered locally, tested against an international standard, and reviewed by someone outside the engagement team.
Services, mapped to the problem they solve.
A traditional firm verifies what already happened and hands you a report. We do that work to the highest standard, then we go further — we look at how the work itself is done, where it slows, where control is weak, and where a person is doing what a process should. Then we fix it.
Audit & Assurance
A report that satisfies the regulator but tells you nothing about your own business.
Statutory and consolidated audit under the Companies Act 1994 and the International Standards on Auditing as adopted by ICAB. Listed-company audit for DSE entities. Internal, operational, compliance and forensic audit. Special-purpose, grant and donor-funded audits, including World Bank funded projects. Loan portfolio audit and information system audit. A management letter that goes past compliance to flag control gaps, leakage and efficiency.
Taxation & VAT
Surprises at assessment, penalties for missed deductions, and positions taken without support behind them.
Corporate income tax compliance, planning and return filing under the Income Tax Act 2023. TDS and VDS health checks, run before they become a problem. VAT registration, Mushak 9.1 returns, and a clean Mushak 6.3 and 6.6 documentation trail. Transfer pricing documentation and international taxation. Customs duty and compliance. NBR exemption certificates and special SROs. Representation before the tax and VAT authorities, through assessment and appeal.
Statutory rigour, without compromise
Audit, tax and VAT handled by FCA partners against the standards adopted in Bangladesh, with enlistment held at every regulator that matters. The compliance itself is never in question.
Practical technology, not slideware
We build and use our own tools in real finance, tax and audit work. When we talk about automation and AI, it is because we already do it, every day.
Partner-led, and on time
You deal with a partner, not a rotating cast of juniors. Timelines are agreed and then met, because a late report or a late return helps no one.
From a single decision to the whole back office.
Advisory, Valuation & Due Diligence
A major decision — an acquisition, an investment or a restructuring — taken without independent numbers behind it.
Business and asset valuation, fixed asset register preparation, tagging and revaluation. Financial and tax due diligence. Feasibility studies, projections and financial modelling. Restructuring, merger and acquisition support. Impairment testing. Management and MIS advisory, so the board sees information it can actually decide on, rather than a trial balance.
Corporate, Regulatory & Outsourcing
Time and attention lost to filings, registrations and the parts of finance that are essential but not your core business.
Company incorporation, RJSC filings, BIDA registration and permissions, BSEC compliance support and company winding-up. IPO, RPO and rights issue advisory and pre-IPO readiness. Secretarial and company-law services. FDI advisory, quarterly FDI reporting and dividend remittance certificates. Provident, gratuity and pension fund services. Business process outsourcing for accounts, payroll and reporting, run by qualified people to a fixed standard and an agreed timeline.
The rules keep moving
The Income Tax Act 2023, the annual Finance Act changes, VAT and VDS under the 2012 Act, FRC reporting, RJSC and BSEC filings. Missing any one of them is no longer a small matter.
Audit that only looks backward
A clean report is the minimum. If your auditor leaves without showing you where money or control is leaking, you have paid for half the value.
Manual work everywhere
Reconciliations, returns and reports done by hand cost time your team does not have, and hide the errors nobody catches until much later.
Tax and VAT surprises
A missed TDS or VDS deduction, a weak Mushak trail, a position taken without support. The bill arrives at assessment, with penalties attached.
Capable people on low-value work
Your strongest finance staff spend their days on data entry and chasing files, not on the analysis and decisions you actually need from them. None of this is unusual. All of it is fixable.
The full service line.
A complete suite across audit and assurance, taxation, and advisory and business process outsourcing — sixty-five services, delivered by one firm.
Audit & Assurance
- Statutory & consolidated audit
- Internal audit
- Compliance audit
- Operational audit
- Forensic audit
- Special-purpose audit
- Review engagements
- Agreed-upon procedures
- Due diligence
- Quality assurance review
- Payroll & governance audit
- Issuance of audit certificates
- Fiduciary review
- Post-procurement review
- Loan portfolio audit
- Donor-funded project audits
- Information system audit
- Cash incentive & subsidy audit
- Internal control review
- Loan collateral valuation
Taxation
- Income tax & VAT registration
- Tax planning & advisory
- Compliance health checks
- Representation before authorities
- Transfer pricing compliance
- Income tax, VAT & customs audit
- International taxation
- Customs duty & compliance
- NBR exemption certificate
- Special SRO from NBR
- FDI advisory
- Foreign company & FC transaction setup
- TDS & VDS health checks
- Mushak 9.1 return filing
- Mushak 6.3 & 6.6 documentation
Corporate & Regulatory
- Company formation & share transfer
- Secretarial & company-law services
- BIDA permissions
- IRC & ERC
- E-visa, work permit & NSI clearance
- Company winding-up
Advisory & BPO
- Bookkeeping & accounting
- Asset & business valuation
- Restructuring, merger & acquisition
- System design & ICT services
- Payroll management
- IPO, RPO & rights issue advisory
- Pre-IPO readiness
- IPO fund-utilisation reporting
- Listed-company AGM scrutiniser
- Stock counting & valuation
- Dividend remittance certificate
- Quarterly FDI report
- Provident, gratuity & pension fund
- Impairment testing
- Project profile
- IPSAS implementation
- Operational & digital transformation
- Accounting process automation
- Business process improvement
- S&CC compliance & reporting
- Policies & procedures
- Start-up advisory
- Organisational & HR advisory
- Executive search & selection
- Training & development
Where most firms stop, we start.
These are the engagements clients remember. Not the statutory work that simply has to be done, but the work that makes the rest of the year easier. Each can stand on its own, or be built into your regular audit and tax engagement.
Internal audit & process re-engineering
We move internal audit from routine checking to a risk-based function that improves how work gets done. We map your key cycles — revenue and billing, procure to pay, order to cash, treasury, payroll, fixed assets and IT controls — find the gaps and bottlenecks, and redesign for control and speed. You receive process maps, standard operating procedures, a risk-based audit plan and a clear set of fixes.
Human resource efficiency in finance
Your finance team is capable, and buried. We identify the low-value manual work that eats their week, remove or automate it, and redefine roles so your strongest people spend their time on analysis and review. The result is more output from the same headcount, and staff who stay because the work is worth doing.
Practical AI for finance & audit teams
Hands-on AI training built for finance, accounts, tax and audit professionals, taught by people who use these tools daily. Your team learns to draft, summarise, reconcile and analyse faster, under a firm verify-everything discipline, and leaves with a prompt library and templates tailored to your own work.
Automation & MIS design
We build the simple, durable tools that take the pain out of repetitive finance work: reconciliation helpers, return and computation checks, VAT documentation, and dashboards that turn your raw data into something the board can actually read and use.
Audit Pro — our in-house audit documentation platform
The firm has developed, in-house, a proprietary audit documentation and engagement management application named Audit Pro, conceived and built by a partner of the firm in collaboration with the firm's technology adviser. The intellectual property vests in the firm.
Audit Pro covers client acceptance and continuance; engagement planning and team allocation; risk assessment at financial statement and assertion level; computation of materiality and performance materiality; determination of sample sizes; a structured working paper library with automatic indexing; audit programmes; and review and sign-off. Security controls include individual user authentication with role-based permissions, segregation of preparer and reviewer rights, a complete audit trail with user and time stamp, encryption in transit and at rest, scheduled and tested backups, and a retention lock. Each engagement record carries the ICAB Document Verification Code generated at the time of issue of the auditor's report.
Audit Pro is under phased development and implementation. It has not been approved by the Institute of Chartered Accountants of Bangladesh or by the Financial Reporting Council, and the firm makes no representation that it has been so approved.
Selected experience, across every sector.
Approximately 390 audit and non-audit assignments over the last five years are verified by ICAB Document Verification Code across the four offices. The breadth of this experience lets us benchmark practices and controls across sectors, and bring a wider perspective to each engagement.
Bangladesh Petroleum Corporation · Trading Corporation of Bangladesh · Bangladesh Land Port Authority · Bangladesh Small & Cottage Industries Corporation · Bangladesh Steel & Engineering Corporation · Bangladesh Agricultural Development Corporation · Bangladesh Sugar and Food Industries Corporation · Ministry of Agriculture · Sena Kalyan Sangstha · Bangladesh Homeopathic Board · CSD Bangladesh · DESA · BIWTA · Bangladesh Bridge Authority · Padma Multipurpose Bridge Project · BTRC · Mongla Port Authority · BCIC · BADC
Karnaphuli Paper Mills · North Bengal Sugar Mills · Joypurhat Sugar Mills · Zeal Bangla Sugar Mills · Keru & Co. (Bangladesh) · Faridpur Sugar Mills · Mubarakganj Sugar Mills · Bangladesh Jute Mills · Dhaka, Daulatpur, Khalishpur, Karim, Carpeting, Crescent, Platinum Jubilee, Rajshahi and Afil Jute Mills · Baghdad-Dhaka Carpet Factory · Dacca Steel Works · Eastern Tubes · Gazi Wires · Galfra-Habib · Bangladesh Insulator & Sanitary Ware Factory · Bangladesh Machine Tools (BMTF) · Prince Iron & Steel Industries
Bangladesh Rural Electrification Board · Palli Bidyut Samities including Manikganj, Dhaka 1 & 2, Sylhet, Pabna, Gazipur, Cox's Bazar, Barishal, Dinajpur, Jessore, Moulvibazar and Faridpur · SKS LPG
Grameenphone · Huawei Technologies (Bangladesh) · ZTE Corporation (Bangladesh) · FMC Chemical International AG
Union Group · SQ Group · JMI Group · 3S Agro · Rising Group · Cosmos Group · Blue Planet Group · Euro Knitspin Garments · Pasha Group
York Fashion · York Composite · Mastrade International Garments · Forward International (BD) · The Limit Agro Products · manufacturing, compliance and operational support for leading industry players
Employees Gratuity Fund of Standard Bank Limited · provident, gratuity and pension fund audits across the public and private sector · microfinance institutions audited under MRA enlistment
aamra Networks · aamra Infrastructure Services · ACE IT Networks · Innovative Business Solutions · Multi Media Production Company · Grameen CyberNet (IT audit) · Starpath Holdings · Citisun Watch Company · Arog Chambers
JAGO NARI · Peoples Development Society · Ashes MRA · Association for Advancement Development · Aloha Social Services Bangladesh · Grameen Alo Sangstha · World Bank funded project audits and other donor-funded engagements
Subsidy pre-audit and post-audit on imported fertiliser and commodities · trade gap audit of nine sugar mills · fixed asset register preparation, tagging and revaluation · twelve consecutive years of provident, pension and gratuity fund audit for a statutory authority
Five years of assignments.
| Financial year | Selected statutory audit clients |
|---|---|
| 2021–2022 | Starpath Holdings Limited · Citisun Watch Company Ltd. · Joypurhat Sugar Mills Limited · Bangladesh Land Port Authority · Mastrade International Garments Ltd. |
| 2022–2023 | Karnaphuli Paper Mills Limited · Trading Corporation of Bangladesh · Bangladesh Small & Cottage Industries Corporation · CSD Bangladesh · Eastern Tubes Limited · Forward International (BD) Limited · The Limit Agro Products Ltd. · Multi Media Production Company (Pvt.) Ltd. |
| 2023–2024 | Bangladesh Petroleum Corporation · Gul Ahmed Jute Mills Limited · Bangladesh Jute Mills Ltd. · North Bengal Sugar Mills Limited · Moulvibazar Palli Bidyut Samity · Dacca Steel Works Limited · York Fashion Ltd · York Composite Limited · Daulatpur Jute Mills Ltd. · Baghdad-Dhaka Carpet Factory · Galfra-Habib Ltd. · SKS LPG |
| 2024–2025 | Bangladesh Petroleum Corporation · Trading Corporation of Bangladesh · Bangladesh Land Port Authority · Gazi Wires Limited · Bangladesh Insulator & Sanitary Ware Factory Limited · Bangladesh Homeopathic Board · Carpeting Jute Mills Ltd. · North Bengal Sugar Mills Limited |
| 2025–2026 | Sena Kalyan Sangstha (Head Office) · Bangladesh Petroleum Corporation · Trading Corporation of Bangladesh · Khalishpur, Platinum Jubilee, Crescent, Rajshahi and Karim Jute Mills · Faridpur Palli Bidyut Samity · aamra Infrastructure Services Limited · ACE IT Networks Limited · Innovative Business Solutions Limited · Employees Gratuity Fund of Standard Bank Limited |
Pre-audit and post-audit of subsidy on imported TSP, DAP, MOP and MAP fertiliser for the Ministry of Agriculture and BADC; subsidy and trade gap work on nine sugar mills for the Bangladesh Sugar and Food Industries Corporation; and subsidy receivable audit on imported goods for the Trading Corporation of Bangladesh.
Fixed asset register preparation, valuation and tagging for Zeal Bangla Sugar Mills and Keru & Co. (Bangladesh); revaluation of fixed assets, liabilities and share capital for Dhaka Jute Mills, Afil Jute Mills, Faridpur and Mubarakganj Sugar Mills, Arog Chambers, Prince Iron & Steel, aamra Networks, Bangladesh Machine Tools and the Bangladesh Rural Electrification Board.
Provident, gratuity and pension fund audits — twelve consecutive years for the Bangladesh Land Port Authority, multi-year contributory provident fund audits for the Bangladesh Steel & Engineering Corporation, and fund audits for Baghdad-Dhaka Carpet Factory, Carpeting Jute Mills, Galfra-Habib, Karim Jute Mills and Joypurhat Sugar Mills.
Selected assignments, drawn from the firm's ICAB Document Verification Code records for the financial years 2021–22 to 2025–26. Audit fees on these engagements range from Tk. 40,000 to Tk. 2,50,000. A complete schedule is available on request.
Partner-led, from the ledger to the regulator.
Six partners lead the firm, bringing decades of experience across audit, finance, banking, taxation, technology and corporate governance. All are Fellow members of ICAB holding valid audit and non-audit Certificates of Practice and current FRC auditor enlistment. Every engagement is signed and led by one of them.
Md. Abul Basher
A Fellow of ICAB and, since 2008, a Fellow of the Association of International Accountants. His career spans finance, audit and consultancy, including a notable audit of the telecom industry and Bangladesh government bodies, due diligence for telecom firms, and consultancy on donor-funded work, particularly World Bank initiatives. He specialises in IT-based accounting automation and the strengthening of financial operations, and holds more than eighteen years in public practice.
Khondkar Atique-e-Rabbani
A statistician by training and a Fellow of ICAB since 1995, with over 40 years across information technology and finance in the United Kingdom and Bangladesh. He is Independent Director and Audit Committee Chairman of Eastern Bank PLC, a former President of the Institute of Internal Auditors Bangladesh, and a founding member and Secretary General of BASIS. Active in AI and blockchain consulting, he has spoken at more than 100 seminars and is IFRS-certified from ICAEW, UK. He first held an ICAB Certificate of Practice from October 2000.
Gnanendra Mohan Chanda
A Fellow of ICAB with over 32 years in audit, assurance, financial management and corporate governance, and strong expertise in IFRS and IAS reporting, tax planning and compliance. He previously served as Chief Financial Officer and Company Secretary of Peninsula Group for more than two decades, and held senior roles at Echo Group. He holds an MBA in Digital Technologies Management from the University of Dhaka.
Branch leadership.
Obaidur Rahman
A Fellow of ICAB who trained with Hoda Vasi Chowdhury & Co., with over 15 years in accounting, finance, internal audit, MIS, income tax and VAT. He has held senior leadership roles, including CFO and General Manager, at leading conglomerates including Meghna Group, MAX Group and Ratanpur Group. Skilled in SAP and Oracle ERP, he has led IPOs and foreign-loan arrangements, and serves as Independent Director and Audit Committee Chairman of United Commercial Bank PLC.
Probir Kumar Paul
A Fellow of ICAB who trained with Khan Wahab Shafique Rahman & Co., with over 17 years in accounting, finance, statutory and internal audit, MIS, taxation, VAT and advisory, including 13 years in commerce and industry as Chief Financial Officer and Finance Controller. He has held senior roles at Pran-RFL Group, Robintex (Bangladesh) Limited and Rose Sweaters Limited. He serves as Independent Director of Hwa Well Textiles BD PLC, with BSEC approval, and sits on its Nomination and Remuneration Committee and Audit Committee.
Md. Shakhawat Hossain
A Fellow of ICAB in practice and an Associate of the Institute of Bankers, Bangladesh, with over seventeen years in the banking sector focused on credit, classification, provisioning and financial reporting. He spent ten years at Bank Asia PLC, working hands-on in the Internal Control and Compliance Division on branch and head office audit and investigation, and at CFO level in its Agent Banking division. He has direct international experience from a loan-portfolio review and audit at Nepal Rastra Bank, with hands-on exposure to an ECL-based banking system. He currently oversees financial matters as a Financial Specialist consulting to Grameen Bank, serves as engagement partner and leader on the firm's banking and audit assignments, and is the originator of the firm's Audit Pro platform.
Directors, consultants and specialists.
Partners are supported by qualified chartered accountants, a quality reviewer of international standing, and subject-matter specialists in information systems audit, technology, engineering, law and taxation, who bring specialist depth to engagements as the work requires.
- Md. Abdul Hannan, ACA, FCMA — Director
- Md. Maksodur Rahman, FCA — Consultant
- Md. Morshed Alam, ACA — Consultant
- Md. Nazmul Karim, FCA — Consultant
- Md. Nazrul Islam, ACA — Consultant
- Shamima Fazal, MBA (CA part-qualified) — Director
- Dr. A.R.M. Tariq — Director & Consultant; former Joint Director, Economic Relations Division, Ministry of Finance
- Atiqul Hasan, MBA — Director & Consultant
- Prof. Dr. Monir Zaman Mir, FCPA (Australia), CA ANZ — Technical Adviser and Quality Reviewer
- Raman Kumar Sarker, FCA, CISA (ISACA) — Consultant, Information Systems Audit
- Munir Mahmud, B.Sc. CSE, Oracle Certified Professional — Technology Adviser
- Asad Bin Alam, B.Sc. Civil Engineering (BUET) — Project Risk Consultant and Valuer
- Md. Imran Ali, Barrister-at-Law, Advocate, Supreme Court of Bangladesh — Legal and Compliance Associate
- Md. Anowar Hossain, Advocate, Supreme Court of Bangladesh; ITP; VAT Consultant — Legal, Tax and VAT Consultant
Every engagement is led and signed by a partner, who stays close to the work from start to finish. A two-tier review and an independent quality-review director sit across every deliverable. Eight managers and eight audit supervisors, with an average of nine years' experience, run the field work, supported by twenty-nine ICAB-registered articled students.
The controls behind the signature.
Independence is not a statement in a report; it is a documented process that runs before acceptance, before continuance and before every signature.
A documented Partner Independence Policy, an Ethics and Independence Partner, an Independence Committee and a central independence register. A documented independence assessment is completed before the acceptance of every new audit engagement, before the continuance of every existing engagement, and before the issue of every audit report. Every partner submits an annual written independence declaration and a client-specific declaration before participating in any engagement.
A firm-level Audit Risk Assessment Procedure supported by written sampling and materiality policies. Risk is assessed at financial statement and assertion level; materiality and performance materiality are computed and documented; sample sizes are determined on a stated basis rather than by judgement alone.
Two-tier internal review with an independent quality-review director on every deliverable, supplemented by the annual and engagement-specific risk-based reviews carried out under the Docklands affiliation using file and quality review checklists, ISA and ISQM compliance checklists, independence checklists, disclosure checklists and remediation trackers.
Forty-five internal training sessions were delivered between July 2025 and June 2026, totalling 67 scheduled hours across audit methodology, financial reporting, taxation, VAT and technology, for staff and articled students alike.
Dedicated IS audit capability under a CISA-certified consultant (ISACA), covering IT general controls, application controls and information system audit engagements, with completed IT audit assignments in the technology sector.
Every partner, member of staff and articled student declares that neither they nor their immediate family hold any security of an audit client, and undertakes to report any acquisition or disposal to the Ethics and Independence Partner within seven days.
Our fees follow the agreed scope and the effort the work genuinely takes, within ICAB policy where it applies, and never below the minimum audit fee prescribed by the Institute. We tell you the number before we start, not after. The signing partner states in the audit report the total fee received and the total working and staff hours utilised on the assignment.
A straightforward way to begin.
No long onboarding and no jargon. We agree what needs doing, then a partner-led team does it and signs it. Bring your hardest problem — the first meeting is on us.
A conversation
We meet, in person or online, and you tell us where it hurts. No charge, and no obligation.
A defined scope
We agree exactly what we will do, what you will receive, and by when. Nothing vague, and nothing assumed.
A partner-led team
Qualified people do the work, supervised and signed by an FCA partner who stays close to it.
Delivery, on time
You get the report, the return or the redesign when we said you would, with a plain note on what to do next.
Four offices in Dhaka.
Hamid Bhaban, 29 Shaheed Abrar Fahad Avenue (Old Bangabandhu Avenue), 2nd Floor, P.S. Paltan Model, Dhaka-1000
H&S Building, 4th Floor, 91 Bir Uttam C. R. Datta Road, Dhaka-1205
Flat 402, House 21, Road 6, Block-D, Niketon Housing, Gulshan-1, Dhaka
FARE Diya Complex, Flat 2/D, 2nd Floor, 11/8/F Free School Street, Panthapath, Dhaka-1205
Tell us where it hurts. We will tell you how we would fix it.
www.mafazal.com
Write to us through the website, or call at any of the four offices above. Total office space 3,944 sq ft with conference and training facilities.
Each office is approved by the Institute of Chartered Accountants of Bangladesh.
Established 1970
Independence.
Technical rigour.
Practical results.
Four offices in Dhaka — Paltan, Bangla Motor, Niketon and Panthapath — each approved by the Institute of Chartered Accountants of Bangladesh.
Registrations
ICAB registered 2 September 1970
FRC Enlistment No. CAF-001-136
Trade Licence TRAD/DSCC/230477/2019
VAT BIN 0025041970208 · TIN 175119277641
Affiliation
Member firm of Docklands Accountants Limited
Canary Wharf, London · ACCA-recognised
Member since 2022
www.mafazal.com
© 1970–2026 M A Fazal & Co., Chartered Accountants · All rights reserved
