Press release by HLB International – HLB International, one of the leading global accountancy networks with presence in 130 countries, continues its growth with the recent signing of a new member firm in Bangladesh – S F Ahmed & Co.
S. F. Ahmed & Co. (SFACO), established in 1958, started providing professional services to local and multinational clients engaged in trade and commerce including international donor agencies. SFACO is, currently, one of the leading firms of Chartered Accountants in Bangladesh.
The experience of SFACO covers rendering the entire range of services from the incorporation of a company up to its liquidation including its regular compliances, management consultancy, auditing, accounting, corporate and individuals’ taxation, VAT compliance and advisory. The firm also has expertise of company secretarial services, due diligence services, valuation of companies including their lands and buildings, obtaining various licenses from relevant authorities, registration with Bangladesh Investment Development Authority and immigration advisory services (global mobility).
In addition, the firm has specialisation in the banking sector and was involved in the Financial Sector Reform Programme funded by the United States Agency for International Development (USAID). SFACO was also involved in the restructuring of the country’s largest state-owned commercial bank, Sonali Bank, funded by the World Bank, and Investment Corporation of Bangladesh, and it designed Financial Systems Manual and Risk-based Internal Audit Manual for Bangladesh Bank (Central Bank of Bangladesh).
Mainuddin Ahmed, Senior Partner of SFACO commented “Our admission as a member came at a moment when the challenge of meeting stringent requirements of our profession, prescribed by regulatory bodies, is daunting. Together, we would confront this challenge by drawing resources from the huge knowledge-tank built by HLB International.”
With referrals to members in Pakistan, Sri Lanka and the Far East, SFACO will be a great addition to the network.