About Ahsan Kamal Sadeq & Co.

Md. Fokrul Islam, FCA, LLB
Financial Management Specialist | Audit & Assurance Expert | Internal Audit Professional | Corporate & Regulatory Compliance Consultant

Md. Fokrul Islam, FCA, LLB, is a seasoned chartered accountant and financial management professional with more than 30 years of diversified experience in audit, financial management, institutional restructuring, internal control systems, corporate compliance, and donor-funded project consultancy in Bangladesh and abroad.

He is a Fellow Member of the Institute of Chartered Accountants of Bangladesh (ICAB) since 2005 and also a Member of the Institute of Internal Auditors Bangladesh (IIAB). He completed his Master of Commerce in Accounting from the University of Dhaka in 1993 and later obtained an LLB degree in 1998.

Currently, Mr. Islam serves as Partner of Ahsan Kamal Sadeq & Co., Chartered Accountants, where he has been leading audit, assurance, consultancy, and financial advisory assignments since 2008. He has extensive experience working with listed companies, financial institutions, government organizations, public sector entities, donor-funded projects, and development organizations.

Before joining as Partner, he served as Audit Manager at S. F. Ahmed & Co., where he was actively involved in several nationally important consultancy and restructuring projects financed by international development partners including the World Bank and Asian Development Bank (ADB). Earlier in his career, he worked for BRAC as Internal Auditor and Senior Audit Manager, gaining extensive practical experience in risk-based audit, internal control systems, donor compliance, investigation, monitoring, and operational review of large-scale development programs.

Mr. Islam possesses substantial expertise in external audit, special audit, financial restructuring, accounting system development, operational audit, institutional strengthening, management consultancy, and computerized accounting systems. His professional experience covers sectors such as banking, insurance, power and energy, infrastructure, NGOs, telecommunications, public utilities, development organizations, and corporate enterprises.

He has successfully led and participated in numerous assignments including:

• Special Audit of Life Insurance Corporation (LIC);
• External Audit of Bangladesh Power Development Board (BPDB);
• External Audit of Palli Bidyut Samity and ICB Capital Management Limited;
• Financial restructuring and renewable energy development projects for Rural Electrification Board;
• Restructuring of Investment Corporation of Bangladesh (ICB);
• Financial Management Consultancy Services for BPDB;
• Development of Administrative & Financial System and Computerization of Accounting System for Bangladesh Cricket Board (BCB);
• Integrated Project Procurement-Related Audit (PPRA) for donor-funded forestry sector projects;
• Commercial Bank Restructuring Project financed by the World Bank; and
• Gas Infrastructure Development Project Management System Improvement Programme.

During his tenure at BRAC, he worked extensively on major development initiatives including BRAC Education Program, Nutrition Facilitation Program (NFP), Community Based Safe Water Supply & Arsenic Mitigation Project, Road Safety Awareness Campaign, and BRAC University Institute of Education Program. His responsibilities included preparing audit plans, supervising fieldwork, implementing risk-based audit systems, strengthening internal controls, conducting investigations, and ensuring donor compliance.

Mr. Islam also attended specialized “Internal Audit Training – Risk Based Audit” organized by internationally reputed audit firm Ernst & Young in 2003, enhancing his expertise in modern internal audit methodologies and risk management frameworks.

His technical expertise includes financial analysis, valuation methods, budgeting, MIS development, project monitoring systems, accounting manual preparation, internal audit manual development, compliance review, and implementation of International Standards on Auditing (ISA), Bangladesh Accounting Standards (BAS), and International Accounting Standards (IAS).

Recognized for his analytical capability, leadership, and professional integrity, Mr. Islam has made significant contributions to strengthening governance, accountability, and financial management systems across both public and private sector institutions in Bangladesh. Fluent in Bangla and English, he continues to provide high-level consultancy and assurance services with dedication and professionalism.