MD. ENAMUL H. CHOUDHURY

FCA (ICAB)
Senior Partner

Md. Enamul H. Choudhury with an academic background in commerce including accounting, finance, business laws, and related subjects and having the invaluable professional qualification to integrate advanced knowledge and practices, skill, and commitment to profession to enable businesses, organizations, public bodies, and private organizations, multinationals, Public-Private Partnerships (PPP) to achieve their financial and strategic goals and sustainability.

He has over 35 years of experiences in professional services with key responsibilities as team-leader and expert in core assurance services,  consultancy and advisory services on financial management system design, implementation and automation, management information system, HR management institutional development and capacity building, designing functional organogram and service rules, salary structure and benefits, project planning, socio-economic survey, due diligence market survey, feasibility study, performance audit, financial-economic analysis and etc.

He was a mission Member of UNDP, DFID, and ADB. He also attended a workshop on USAID Recipient Contracted Audits conducted by the office of the Regional Inspector General of USAID, Manila.

Mr. Choudhury provided financial and management consultancy services of World Bank, ADB. USAID, UNDP, NORAD, DANIDA, UNICEF, CIDA, SIDA, FAO and WFP financed Projects.

Mr. Choudhury has been working for S. F. Ahmed & Co. since 1984. He has vast experience in the following areas of services.

Core Assurance Services

• Audit of Financial Statements as per International Standard of Auditing (ISA)
• Audit of Financial Statements as per Statutory Requirement
• Risk-based Audit
• Performance/Operational Audit
• Review of the Financial Statements prepared as per IAS, IFRS and USGAAP
• Co-ordination and conducting Multi-national and multi-locational audit
• Concurrent Audit including Review of the system & procedures of various process
• Litigation Support and Forensic Audit
• Procurement Review
• Report for various Securities and Stock Exchange Authorities and regulatory Agencies
• System/Management Audit

Financial Management System Designing Services

• Corporate Governance
• Designing of the framework of Financial Management System
• Designing of Financial Management Reporting System
• Developing Budgetary systems
• Designing Inventory System
• Designing Fixed Assets Management System

As Financial management expert worked for Designing Accounting System, Budgetary System, Inventory System, Fixed Assets Management System and Internal Audit System in the following esteemed organizations.

• Bangladesh Telecommunication Company Ltd.(BTCL)
• Bangladesh Shilpa Rin Sangstha (BSRS)
• Bangladesh Bank (Central Bank of Bangladesh)
• Indian Railway, India
• Bangladesh Cricket Board
• Bondhu Social Welfare Society
• South Asian Development Fund of SAARC
• Bangladesh Open University
• Primary and Mass Education Division of the Govt. of the GOB
• Rajdhani Unnayan Kartipakha (Capital Development Authority)
• Bangladesh Agriculture Research Council (BARC)
• Department of Public Health and Engineering (DPHE)
• Bangladesh Jute Corporation.
• ICDDR,B

Some of the notable work of Mr. Choudhury in the field of Restructuring of Organizations:

• Conversion of Bangladesh Biman Airlines to a public limited company named Biman Bangladesh Airlines.
• Restructuring of Investment Corporation of Bangladesh (ICB) and three subsidiary companies under ICB.
• Developed Financial Restructuring Plan for 45 PBS under Renewable Energy Development Project of Rural Electrification Board.
• Design and Implementation of Gas Infrastructure Development Project Management System Improvement Programme by Bangladesh Oil & Gas Corporation (Petro Bangla) and its eight subsidiary companies, a joint venture project by S.F.Ahmed & Co and Ernst & Young, UK.
• Streamlining the Accounts and Financial Reporting system of UNDP supported NEX projects in Bangladesh.
• Development of strategic plan for conducting its financial activities all over Bangladesh of Micro Industries Development Assistance & Services Limited (MIDAS).

Advisory Services in Initial Public Offering

• Initial Public Offering (IPO) services for listed companies under Bangladesh Securities Exchange Commission (BSEC).
• Organized, collaborated and participated in the handling of the listing by the London Office of Ernst & Young for GDR floatation of one of the leading pharmaceutical companies of Bangladesh on the AIM market in London which event took place in Bangladesh for the first time.

Transaction Advisory Services & Benchmarking Services

• Fiduciary review
• Market Research, Feasibility Study and Business Plan
• Valuation of assets, Business, Intangibles and Human Resources
• Mergers & Acquisitions-Sale/Acquisition, Joint Venture Partner Selection, Deal Negotiations
• Due Diligence-Financial, Technical, Tax, Systems, Human Resources, Environmental and Legal

Socio-Economic Consultancy Services  

• Legal and Financial Aid Services of Non-Government Organizations (NGO)
• Need assessment and market study of Social Business in Bangladesh under external funded projects
• International Market survey on wooden Furniture of Bangladesh Forest Industries Development Corporation.

Expertise in Other Services:

• Human Resource Management Consulting Services
• Information Technology Security Audit and other IT related Services
• Risk Management & Business Services
• Corporates Secretarial Advisory Services & Assistance in Regulatory Compliance
• Client Support Services

Standout Experience of work in foreign countries:

India

Worked as Co-ordinator for the consultancy services for developing an improved accounting system for Indian Railways under the Railway Sector Improvement Project financed by Asian Development Bank (2007-2010), A Joint Venture project of S F Ahmed & CO (lead firm), EY India, WIPROW India, SNCF International, France, S.R. Batliboi & Co., India.

Thailand

Worked for International Audit Planning of American Express Company for the year 2003 at Bangkok, Thailand.

Myanmar

Worked as an Expert for the audit of accounts of AP Bureau (Incorporated in USA) Yangon Office, Myanmar, in the year 1997.