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Notice: The discussion topics for the Next Session (Friday, September 18, 2015).1. Financial Statement Analysis and Prediction of Future Returns 2. Cash Accounting versus Accrual Accounting: Reconciling Earnings, Dividends and Free Cash Flows Resource Person: Dr. Mizanur Rahman



 
 


Notifications


Date:
August 26, 2015
International Symposium on Accounting, Auditing and Governance in Asia.


Date:
August 12, 2015
Seminar on Non-Fundamentals and Stock Market: New Evidence


Date:
August 9, 2015
Notice:
Please note that next Saturday, August 15, 2015, is a public holiday and we will hold no training session on the date. Section-B participants are therefore requested to join Section-A and attend our Friday Session on August 14, 2015. Venue would be the Faculty Meeting Room.


Date:
August 8, 2015
Section-B List of Participants
in the Training Program on Capital Market Research (Saturday, 09:00-12:00);
Venue: Faculty Meeting Room (in front of Dean Office, FBS).
Date:
August 8, 2015
Section-A List of Participants
in the Training Program on Capital Market Research (Friday, 09:00-12:00);
Venue: Computer Lab (Room#7004, Level 6); MBA Building, FBS.
Date:
July 9, 2015

List of Selected Candidates for the Training Program on Capital Market Research

Each candidate shall receive an email from the program director with further instructions.


International Seminar on Corporate Reporting in Bangladesh, China and Japan

Corporate reporting is a regulated activity in both developed and developing world. However, there exists substantial heterogeneity in terms of both reporting regulations and reporting practices by corporations around the world. While pervasive non-compliance with disclosure regulations is common, weak institutions and hence the lack of enforceability of disclosure rules is seriously impeding good governance in corporate businesses. The problem of insider trading is thus rampant resulting into an outcome that a large-scale wealth transfer happens from the poor to the rich. In this backdrop, this international seminar featured two research works (shown below) focusing on corporate reporting in Bangladesh, China and Japan. In one paper, Professor Toshifumi Takada of Tohoku University showed that a mandatory requirement of internal control reporting enhances the quality of external financial reporting in China and Japan. It should be noted that with the introduction of Sarbanes-Oxley Act in the United States, internal control reporting was made mandatory by many developed countries in order to enhance the quality of financial reporting and to restore investors confidence. Prof. Takada examined its effectiveness in the context of China and Japan.

In another paper, Miznaur Rahman of the University of Dhaka showed that non-compliance with the mandatory disclosure requirements was pervasive in Bangladesh. Disclosure probability is also low for key financial elements. However, audit opinion is invariably unqualified across published annual reports. Given a weak state of enforceability, the study argues that corporate disclosure practice is de facto discretionary in the country. Rahman thus investigates determinants of financial disclosures in corporate annual reports. The findings show that controlling for other factors such as age, size, profitability and financial leverage, a rising shareholding concentration reduces disclosure levels by the listed companies in Bangladesh. The findings indicate that transparency in published corporate reports decreases as shareholding concentration increases. Another finding is that when a Big-4 audit firm is engaged in the auditing of external financial statements, those are observed to be more transparent and useful for investors and other users. The findings imply that in an environment of weak enforceability, family domination and bank-borrowing based financing, corporate ownership is highly concentrated and corporate reporting is non-transparent.

Speakers:

  1. Toshifumi Takada, Professor of Accounting, Tohoku University. Topic: Comparative Study on the Effects of Internal Control Reporting in Japan and China.
  2. Mizanur Rahman, Associate Professor of Accounting & Public Policy, University of Dhaka. Topic: Cross-sectional Determinants of Corporate Disclosure in Bangladesh

 

Time: Tuesday, 10:00~13:00, March 25, 2014
Venue: Conference Hall, Faculty of Business Studies


Distinguished guests are seen in the International Seminar on Corporate Reporting in Bangladesh, China and Japan. Guests include Mr. Faruq Ahmed Siddiqi, Dr. Salehuddin Ahmed, Prof. Toshifumi Takada, Dr. AB MirzaAzizul Islam, Prof. Durgadas Bhattacharya, Prof. Santi N Ghosh and Dr. Mizanur Rahman.