Ref: 1/1/ICAB-2020/DVS/001 Date: Nov 24, 2020

C I R C U L A R
Mandatory use of Document Verification System (DVS) from Tuesday,
December 01, 2020 and onwards.

ALL PRACTICING MEMBERS OF THE INSTITUTE

You are already aware that the Institute of Chartered Accountants of Bangladesh (ICAB) has
developed the Document Verification System (DVS) jointly with the National Board of Revenue
(NBR) with a view to develop the overall economy of the country through bringing discipline &
ensuring transparency, accountability and good governance in the Govt. Revenue and Financial
Reporting System. The system was launched by the Honorable Finance Minister Mr. AHM Mostafa
Kamal FCA, MP on 12th November 2020. The President-ICAB announced in Launching Ceremony that
December 01, 2020 will be the effective date of using Document Verification System (DVS).

The Institute of Chartered Accountants of Bangladesh (ICAB) is going to enforce the use of DVS
mandatorily from December 01, 2020 and onwards. In this regard, all audit reports signed on
Dec 01, 2020 and onwards must have the Document Verification Code (DVC) along with the
auditor’s signature.

Therefore, all Practicing Members of the Institute are sincerely requested to generate Document
Verification Code (DVC) using Document Verification System (DVS) and put the DVC along
with their signature while they sign any audit report other than management audit and Internal
Audit from December 01, 2020 and onwards. Without mentioning Document Verification Code
(DVC), audited financial statement signed by any practicing member shall be considered as invalid
document.
Your co-operation in this regard will be appreciated highly.

Mahbub Ahmed Siddique FCA

Secretary & CEO – ICAB (In Charge)
Copy: All Members-ICAB
President – ICAB
All Vice Presidents – ICAB
All Members Council – ICAB
Practice Review- Quality Assurance Dept.- ICAB
Information Technology Dept.- ICAB