Islam Aftab Kamrul & Co. (IAK) is a chartered accountancy firm in Bangladesh that provides audit, taxation, consulting, and business advisory services. It was established in 1993 and is now affiliated with Key Will Group, a large international professional services firm. IAK represents Key Will Group in Bangladesh and benefits from technical support and knowledge sharing. The firm's areas of expertise include assurance, advisory, taxation, auditing, consulting, and services for smaller businesses. IAK aims to maintain high professional standards and integrity in serving its diverse clientele.

1. Assignment On
Aftab Kamrul & Co. (IAK)
(CA firm)
Submitted to
Fahmida Akhter
Lecturer of EDU
Submitted by
Md. Mosiuddin Hisham id- 151007102
Mainul Hasan Sonnet id- 151000902
Kamrul Haider id- 151006002

2. History of Islam Aftab Kamrul & Co. (IAK)
Islam Aftab Kamrul & Co. (IAK) is a Chartered Accountancy Firm engaged, inter-
alia, in Audit (Statutory Audit, Special Audit/Compliance Audit/Project Audit),
Taxation services, Consulting, Special Investigation and Business Advisory Services.
The firm was established in 1993 under the name of Islam Aftab Kamrul & Co. IAK
maintained successfully its reputation for professional competence, excellence in
assisting its clients and upholding professional standards and ethics in Bangladesh.
Foreseeing the trend in globalization and to enhance organizational efficiency, IAK
understood the need to associate itself with an internationally renowned professional
service provider in the global marketplace. This vision resulted in affiliation with
Key Will Group- Global Accounting and Consulting Network. Now IAK solely
represents Key Will Group in Bangladesh. IAK is actively involved in carrying out
various assignments with technical support from Key Will Group, and in addition,
holds meetings and conferences to facilitate professional interaction, exchange of
ideas, and transfer of technology in Bangladesh.
Activity
Islam Aftab Kamrul & Co. (IAK) is affiliated with Key Will Group, Global
Accounting and Consulting Network, one of the biggest International professional
firms in the global scenario. We solely represent them in Bangladesh for all referral
assignments and avail constant technical support from Key Will Group. There are
continuous professional interactions, exchange of ideas, transfer of technology and
training and development programs IAK and Key Will Group.
Islam Aftab Kamrul & Co., as one of the world’s leading professional service firms,
delivers world-class assurance and advisory, tax and consulting services through its
national practices. Key Will Group is represented by 101 partners, 1,145 staffs and
93 offices in more than 60 countries in Europe, Americas, Middle East, Oceania,
Africa and Asia-Pacific. Key Will Group’s internationally experienced professionals
strive to deliver seamless, consistent services wherever their clients operate.
Area of Services:
Islam Aftab Kamrul & Co. offers wide range of services. Its expertise extends into
different areas of management, financial, accounting and advisory matters. Most of
the common areas of services are:

3.  Assurance and Advisory Services (Statutory Audit, Special Purpose
Audit, Performance Audit, Compliant Audit);
 Business and System Analysis;
 Business Valuations;
 Corporate Restructuring;
 Due Diligence:
 Estimation of bad debt and Re-capitalization;
 Financial assessment and appraisal;
 Financial Audit;
 Internal Auditing and Accounting service;
 Performance and Compliance Audit;
 Project Evaluation and Appraisal;
 Tax Planning.
Services to Smeller Businesses
This firm helps smaller businesses overcome their problems. These businesses,
unlike many major public companies, do not always have the in-house resources
to solve their problems. They therefore place great reliance on our ability to
provide them with high-problems. They therefore place great reliance on our
ability to provide them with high quality advice and assistance on financial
matters promptly and efficiently. In fulfilling this need, we combine a
personalized service with specialist knowledge that can only be gained from years
of experience in solving the commercial and tax problems of a wide variety of
different types of businesses.
Additional Services Provided
In addition to the services mentioned above, we also provide the following
services to our renowned national and multinational clients:
• Salary Survey;
• Prepare manuals, policies and procedures for the financial
management department of client companies;

4. • Provide practical training in computer based accounting systems to
accounting and financial management personnel of client companies to
keep up with technological development and increase productivity;
• Work as an evaluator of financial offers for different projects of an
organization;
• Provide consulting services on fixed assets management and inventory
control; project feasibility study.
IAK Core Competence:
As an organization, IAK takes pride in maintaining integrity and providing value
added services to its clientele. A strong professional relationship with clients is the
key to its success and sustainability. IAK has ample experience in the fields of
special evaluation of portfolios, capital and financial positions. This can be
observed to excellence and enhancement to the organization’s knowledge on the
part of all team members. Following is a list of the strengths that IAK can bring to
this project:
 Rich experience and competence;
 Extensive supports from Key Will Group;
 Average experience of 10 years of the Key Professionals;
 Long serving staff;
 Professional commitment;
 More than 50 professionals of different disciplines.
IAK maintains operational efficiency by empowering its employees and
encouraging cross-functional collaboration, progressive management practice,
continuous process improvement and diversity in the workplace. When acting in a
technical assistance capacity, it is this same philosophy that IAK aims to instill in
its clients.
Firms they audit
1.Dhaka Electric Supply Authority (DESA)
2.Titas Gas Transmission and Distribution Company

5. 3.Japan Bangladesh Chamber of Commerce & Industry (JBCCI), (2013-2014)
4.Japan External Trade Organization (JETRO), (2012-2014)
5.Japanies Commerce & Industry Association in Dhaka. (2011-2014)
6.YKK Bangladesh Pte Ltd. (2011-2013)
7. Bashundhara Multi Paper Industries Ltd. (2011-2014)
8. Rio Fashion Wear Ltd.(2013-2015)
9. ONS Telecom Bangladesh Ltd., (2013-2014)
10.IR Buld Company Ltd.(2013-2015)
11.Popular Life Insurance Com. Ltd. (2013-2015)
Audit planning and procedure
We act as independent auditors of client organizations and of their operations, however
diverse and wherever located. We view the independent audit as a means of ensuring that
management is provided with reliable financial and management information through the
operation of appropriate controls and procedures. Although, at a minimum, we provide
audit services that meet statutory or contractual requirements, we do audit not just as a
statutory necessity, but as a constructive and cost-effective aid to management in its task
of managing the enterprise.
We believe that understanding our client’s business is essential if our audit is to be
relevant and efficient. In this way we ensure that our audit provides value for money.
Discrepancy
Every business have their discrepancy. As Aftab Kamrul & Co. (IAK) is a CA firm but
their main topic is business. So obviously they have discrepancy and their discrepancy
CA firms are A. B. S. Chowdhury & Co., A. B. Saha & Co., A Hoque & Co., and
many more. For those discrepancy they sometimes miss their valuable client
because their discrepancy sometimes helps the clients to understand them
wrong.