“Statutory Audit Practice in Malek Siddiqui Wali Chartered Accountants.”

Abstract

Established in 1965, Malek Siddiqui Wali (MSW) is a premier Chartered Accountancy firm in Bangladesh that reached its landmark 60th anniversary in 2025. With six decades of professional excellence, the firm has transitioned from a traditional single-dimensional audit practice into a comprehensive financial consultancy, maintaining a strategic international partnership with Reddy Siddiqui, Chartered Accountants (UK) since 2001. This global association allows MSW to deliver world-class assurance and advisory services tailored specifically to the regulatory landscape of Bangladesh, catering to a diverse clientele across the banking, insurance, and manufacturing sectors. The firm’s extensive service portfolio is built on a foundation of rigorous audit and assurance, encompassing statutory, forensic, and corporate governance audits that ensure financial transparency and investor confidence. Beyond traditional accounting, MSW provides critical support in business valuations, financial due diligence, and regulatory compliance, particularly regarding RJSC filings, Board of Investment approvals, and the evolving requirements of the Finance Ordinance 2025. Their expertise extends to operational advisory, helping organizations navigate complex licensing processes such as IRC and ERC, which are essential for sustainable growth in a competitive international market. Under the leadership of a distinguished panel of partners, including Md. Waliullah (FCA), Swadesh Ranjan Saha (FCA), Mohammed Shariful Islam (FCA), and Anjan Mallik (FCA), MSW is recognized for its commitment to integrity and technical precision. By blending deep-rooted local experience with modern digital accounting practices, the firm continues to serve as a vital strategic partner for both domestic enterprises and international investors. The firm remains a trusted advisor to major corporate entities, having recently provided audit and assurance services for companies like Baraka Patenga Power Limited and GSP Finance. In 2025, MSW remains dedicated to its mission of providing data-driven insights and robust compliance frameworks that safeguard the financial health and future-readiness of its clients. Through active participation in professional forums and a focus on emerging tax and VAT regulations, the firm ensures its partners and clients are equipped to handle the complexities of the modern global economy. As a respected member of the Institute of Chartered Accountants of Bangladesh (ICAB), Malek Siddiqui Wali stands as a testament to the enduring value of professional ethics and strategic financial leadership.