Center of Excellence in Higher Education
The First Private University in Bangladesh

Professor Dr. Mohammad Istiaq Azim CA, CPA, CMA


Director, NSU Center for Business Research

Professor of Accounting (On Leave)

Chartered Accountant (CA ANZ)

Certified Public Accountant (CPA, Australia)

Certified Management Accountant (CMA, Australia)

PhD in Accounting, University of South Australia, Adelaide
M.Com in Accounting, University of Dhaka, Bangladesh
B.Com, University of Dhaka, Bangladesh

Phone: +880-2-55668200 Ext: 6310
Office: NAC737



Google Scholar:

Mohammad Azim has been employed in academia for over 21 years. Dr Azim is a qualified Chartered Accountant (CA ANZ), Certified Public Accountant (CPA, Australia) and a qualified Cost and Management Accountant (CMA, Australia). These qualifications have enabled him to strongly engage with accounting professional bodies. He has more than 50 research studies published, the majority of which appeared in top quality international journals. 

Throughout his academic career, Dr Azim had various leadership roles, including Deputy Head of the School, Discipline Leader/Chairman, Program Director,  Research Seminar Convenor, Masters of Accounting Units Coordinator, Bachelor of Business Units Coordinator, Conference Session Chairs, etc.

Dr Azim's teaching consistently receives higher scores than the faculty and university average when independently evaluated by the university. As recognition of his specific teaching style, he was awarded the Quality Teaching Award from the Swinburne University of Technology, Australia and the University of South Australia. To maintain a consistently high quality of teaching, he always relates his teaching to practical aspects of the business world. This helps students to understand and solve problems in real-life scenarios. 

Dr Azim serves on the editorial board of the Asia-Pacific Journal of Accounting and Finance and Interdisciplinary Studies Journal. Additionally, He has also been an ad hoc reviewer for many high-quality international journals such as British Accounting Review; Australian Journal of Management; Corporate Governance: An International Review; Asian Review of Accounting; Accounting Forum; Accounting, Accountability and Performance; and others.

Full details of published articles can be found under “Google Scholar”. Weblink:

  • Raar, J., Barut, M., and Azim, M.I., 2020. The challenge: Re-steering accountability concepts to incorporate biodiversity management and reporting. Sustainability Accounting, Management and Policy Journal (Scopus Q1). Vol. 11 No. 1, pp. 1-30.
  • Nahar, S., Azim, M. and Hossain, M., 2020, Risk disclosure and risk governance characteristics: evidence from a developing economy, International Journal of Accounting & Information Management (Scopus Q2), In press. 
  • Chowdhury, L. A., Rana, T., and Azim, M.I., 2019. Intellectual capital efficiency and organisational performance: in the context of the pharmaceutical industry in Bangladesh. Journal of Intellectual Capital (Scopus Q1). Vol. 20 No. 6, pp. 784-806.
  • Nguyen, Q.H., Dalrymple, J., and Azim, M.I., 2019. Efficiency assessment of state-owned financial institutions using Data Envelopment Analysis: the case of Vietnam. Asia-Pacific Journal of Accounting and Economics. In press.
  • Azim, M I., Kluvers, R., 2019. Resisting corruption in Grameen Bank, Journal of Business Ethics (Scopus Q1). 156, Issue: 3, pp 591–604
  • Azim, M.I., Sheng, K., and Barut, M., 2017. Combating corruption in a microfinance institution, Managerial Auditing Journal, Vol. 32 Issue: 4/5, pp.445-462
  • Harding, N., Azim, M.I., Jidin, R. and Muir, J.P., 2016. A consideration of literature on trust and distrust as they relate to auditor professional skepticism, Australian Accounting Review, Vol. 26, No. 3, pp. 243-254
  • Nahar, S., Jubb, C. and Azim, M.I., 2016. Risk governance and performance: a developing country perspective, Managerial Auditing Journal, Vol. 31, No. 3, pp. 250-268.
  • Nahar, S. Azim, M.I. and Jubb, C., 2016, The determinants of risk disclosure by banking institutions: evidence from Bangladesh, Asian Review of Accounting, Vol. 24, No. 4, pp. 426-444.
  • Barut, M., Raar, J. and Azim, M.I.; 2016. Biodiversity and local government: a reporting and accountability perspective, Managerial Auditing Journal, Vol. 31, No. 2, pp. 197-227.
  • Nahar, S., Azim, M.I. and Jubb, C.A., 2016. Risk disclosure, cost of capital and bank performance, International Journal of Accounting and Information Management, Vol. 24, No. 4, pp. 476-494.
  • Azim, M.I. and Azam, S., 2016. Bernard Madoff's 'Ponzi scheme': fraudulent behaviour and the role of auditors, Accountancy Business and the Public Interest, Vol. 15, pp. 122-137.
  • Muttakin, M.B., Khan, A. and Azim, M.I. 2015, Corporate social responsibility disclosures and earnings quality: Are they a reflection of managers’ opportunistic behavior?, Managerial Auditing Journal, vol. 30, No. 3, pp. 277-298.
  • Azam, S. and Azim, M. I., 2015, The role of characteristics of 'upper echelons' and demographics of organizations in predicting the likelihood of SBR adoption in Australia. Accountancy Business and the Public Interest. Vol. 14, pp. 105-125.
  • Abhayawansa, S. and Azim, M.I., 2014, Corporate reporting of intellectual capital: Evidence from the Bangladeshi pharmaceutical sector, Asian Review of Accounting, Vol. 22, Issue: 2, pp.98 – 127.
  • Azim, M.I. and Ahmmod, S.M.M., 2014, Executive remuneration, financial crisis and ‘Say on Pay’ Rule’, Journal of International Business and Economics, Vol. 2, No. 4, pp. 71-99.
  • Azim, M.I. and Azam S., 2013 ‘Corporate Sustainability Reporting by Pharmaceutical Companies: Is It What It Seems To Be?’, Corporate Ownership and Control, vol. 11, no. 1, pp. 767 - 778
  • Azim, M.I. 2013 ‘Independent Auditors Report: Australian Trends from 1996 to 2010’, Journal of Modern Accounting and Auditing, vol. 9, no. 5, 356 – 366.
  • Azim, M.I., 2012, Corporate governance mechanisms and their impact of company performance: A structural equation model analysis’ Australian Journal of Management, Vol 37, No. 3, pp. 481 – 505.
  • Azim, M.I. Rahman, S. 2012 ‘Renewable Energy, Sustainability and Environment: Are We There Yet?’ World Journal of Social Science, vol. 2, no. 3, pp. 168 – 181
  • Azim, M.I. Ahmed, E., and D’Netto, B. 2011 ‘Corporate Social Disclosure in Bangladesh: A Study of the Financial Sector’, International Review of Business Research Papers, vol. 7, no. 2, pp. 37-55.
  • Azim, M.I. 2010 ‘Substitute Governance Structure and the Effect of Monitoring: Evidence from Bangladesh’, Corporate Ownership and Control, vol. 8, no. 1, pp. 9 - 23.
  • Azim, M.I. Rahman, S., and Hossain, F. 2010 ‘Contemporary Challenges for the Accounting Profession: An Australian Perspective’, The AIUB Journal of Business and Economics, v 9, no.2, pp. 1 - 17.
  • Azim, M.I. 2009 ‘Role of Monitoring within a Good Corporate Governance Structure: Evidence from Australia’, Corporate Board; Role, Duties and Composition, v 5, no. 3, pp. 17 – 33.
  • Azim, M.I. and Taylor, D. 2009 ‘Board Monitoring and Firm Performance: Controlling for Endogeneity and Multicollinearity’, Corporate Ownership and Control, v 6, no. 3, pp. 79 – 93.
  • Azim, M.I. 2009 ‘Board, Shareholder and Auditor Monitoring and its Substitution for Complementary Nature: Effect on the Performance of Australian Listed Companies’, Accounting & Organisational Changes, vol. 5, no. 3, pp. 425 - 426.
  • Azim, M.I. Ahmed, S., and Islam, S. 2009 ‘Corporate Social Responsibility Reporting: Illustrations from a Less-Developed Country’ Journal of the Asia-Pacific Centre for Environmental Accountability, v 15, no. 1, pp. 2 – 12.
  • Azim, M.I. 2009 ‘Corporate Social Reporting Practice: Evidence from Listed Companies in Bangladesh’, Journal of Asia-Pacific Business, vol. 10, pp. 130–145.
  • Habib, A. and Azim, M.I. 2008 ‘Corporate Governance and the Value-Relevance of Accounting Information: Evidence from Australia’, Accounting Research Journal, vol. 21, no. 2, pp.167 – 194.
  • Azim, M.I. and Rahman, S. 2007 “Implementation of the New Corporate Governance Guidelines in Bangladesh: A Critical Evaluation”, The Cost and Management Accountants, vol. 35, September – October, pp. 35 - 43.
  • I. and Morshed. M.M. 2001 “Commerce: Demand and Supply Side Analysis”, The Cost and Management Accountants, vol. 17, September – October, pp. 24 – 26.
  • Azim M.I. and Islam, M.A. 2000, “Auditor’s Independence in Different Countries”, Khulna University Studies, vol. 2, no. 2, pp. 363 - 370.
  • Azim M.I. and Husain, S. M. 1999, “Operational Performance of BJMC and BJMA: A Comparative study” Dhaka University Journal of Business Studies, vol. 20, no. 1, pp. 1 – 23.




Completed HDR Supervision

1. Dr Shamsun Nahar

PhD Completion year: 2015

Title of the thesis: Risk Disclosure Practices: their determinants and association with bank performance.


2. Dr Shane Milroy

PhD Completion year: 2016

Title of the thesis: Measuring the performance of Australian politicians: an exploratory study


3. Dr Nguyen Hong Quan

PhD Completion year: 2016

Title of the thesis: The development of a performance auditing framework for public sector enterprises in Vietnam: The case of state-owned commercial banks.


4. Dr S. M. Miraj Ahmmod

PhD Completion year: 2018

Title of the thesis: Bangladeshi Listed Companies’ Compliance with the International Financial Reporting Standards.


Masters by Research Student:

Mahmud Masum - Masters by Research Student – completed in 2012.


Hons. Students Completed:

  • Kuang Sheng – Honours Student (completed in 2015)
  • Ran Tao – Honours Student (completed in 2013)
  • Manoj Kumar Subramanian - Honours Student (completed in 2012)
  • Joyce Mei Chua - Honours Student (completed in 2011)

Mohammad Azim was awarded a PhD in Accounting from the University of South Australia (UniSA) in 2008. His thesis investigated the effects of monitoring mechanisms on firm performance. It also examined the substitution and complementary relationships among monitoring variables. Before started PhD, he  completed a Masters degree in Accounting (1st class) and a Bachelor degree in Commerce (1st class Honours) from University of Dhaka and joined University of Dhaka as a Lecturer in 1999.

Academic Experience:

Current Appointment:


Department of Accounting and Finance

School of Business and Economics

North South University

(Ranked No 1 private University in Bangladesh in 2019. Link:


Previous Appointments:

Associate professor

School of Business and Law

Higher Education Division

Central Queensland University

Melbourne, VIC 3000

Period:  2018 – 2019.


Assistant professor/Senior Lecturer:             

Accounting, Economics and Finance

Faculty of Business and Law

Swinburne University of Technology

Hawthorn VIC 3122

Period:  2009 – 2018.



School of Commerce

Division of Business

University of South Australia

Adelaide, SA 5001

Period: 2006 –2009.


Associate Lecturer:                                        

School of Business and Inf. Management

Faculty of Economics and Commerce

Australian National University (ANU)

Canberra, ACT 2600

Period: 2002 to 2006.


Other casual/contract/overseas appointments/teaching:

Kaplan Higher Education Academy, Singapore (2017)

Vietnam National University, Vietnam (2011 – 2016)

Hong Kong Baptist University, Hong Kong (2007- 2008)

University of Adelaide, Adelaide, Australia (2006 – 2007)

University of Canberra, Canberra, Australia (2003 – 2004)

The University of Dhaka, Bangladesh (1999 – 2002)

Book Published:

Book Title: Global Financial Crisis, Directors’ Remuneration and Performance: The Big 4 Australian Banks

Year: 2013

Author: Manoj Kumar Subramanian and Mohammad I Azim

ISBN: 978-3-659-4708-5



Book Title: Linking Executive Remuneration with Performance: An Assessment of Australian Companies During Financial Crisis.

Year: 2011

Author: Joyce Mei Chua  and Mohammad I Azim

ISBN: 978-3-639-35499-7



Book Title: Board, Shareholder and Auditor Monitoring and its Substitution orComplementary Nature.

Year: 2010

Author: Mohammad I Azim

ISBN: 978-3-8383-7119-1



Research Monographs:


Title: Needs analysis for the design of an ethical capability building program for accounting professionals.

Published by: CPA Australia Global Research Perspective Program.

Year: 2018

Researchers: Dr Cristina Neesham and Dr Mohammad I Azim


Research report available from:


Title: Auditor professional scepticism: impact of trust and distrust-a synthesis of research findings.

Year: 2016


A/Prof. Dr Noel Harding PhD CPA, UNSW.

Dr Mohammad I. Azim PhD CPA, Swinburne University of Technology

Dr Radzi Jidin PhD CPA, University of Tasmania

Dr Janine P. Muir PhD CPA, Swinburne University of Technology


Research report available from:


Swinburne University of Technology:

  • Strategic Business Planning (HBCO 607 - Postgraduate unit)
  • Management Accounting (HBC 228N - Second year unit)
  • Forensic Accounting (HBC 345N – Third year unit)
  • Auditing (HBC 225/HBC 225N - Second year unit)
  • Company Accounting (ACC20013 – Second year unit)
  • Company Auditing (HBC 614 and HBC 614B - Postgraduate unit)

 University of South Australia:

  • Accounting for Managers M (ACCT 5011 – Postgraduate unit)
  • Financial Accounting 1 (ACCT 1006 - First year unit)
  • Financial Accounting 2 (ACCT 2005 - Second year unit)
  • Financial Accounting 3 (ACCT 3007 - Third year unit)
  • Auditing Theory and Practice (ACCT 3005 - Third year unit)
  • Auditing Principles M (ACCT 5014 – Postgraduate unit)

 Australian National University:

  • Business Reporting and Analysis (BUSN 1001 – First year unit)
  • Accounting Process and Systems (BUSN 1002 - First year unit)
  • Company Accounting (BUSN 2015 - Second year unit)
  • Management Accounting (BUSN 2011 – Second year unit)
  • Auditing (BUSN 3002 – Third year course)
  • Auditing and Assurance Services (BUSN7054 – Postgraduate unit)

Chartered Accountant (CA), Australia and New Zealand.

Certified Public Accountant (CPA), Australia.

Certified Management Accountant (CMA), Australia

Current Research Projects:

The research project I am working is concerned with the Rohingya (ethnic group originally residing in Rakhine State, Myanma) crisis in Bangladesh. This research aims to conduct a feasibility study to provide practical recommendations for potential host community interventions. The research will conduct partner mapping and stakeholder mapping exercises in host communities; which includes capturing both the formal and informal structures and power holders and the inter-dynamics present amongst the key stakeholders in the targeted refugee and surrounding host communities. 


The second project I am working on is related to assessing and designing skills required for the education sector in Bangladesh achieving Sustainable Development Goal 4. Bangladesh is on its way to becoming a Middle-Income Country in 2021 and aims to be a Developed Country by 2041. Despite being among the five fastest-growing economies in the world (World Bank, 2019), the country will not achieve this target without creating a knowledge-based community and meeting all 17 Sustainable Development Goals. Unfortunately, Bangladesh still uses traditional methods of teaching; it encourages memorization and focuses on teacher-centred learning. The current schooling system is not producing graduates with relevant and transferable skills. However, there is a need for students to learn how to think reflectively, critically and creatively, and employing these generic skills in the real world. This research is funded by the Bangladesh Government and we are looking forward to providing a guideline to implement changes in the education system in Bangladesh.


The third research project I recently commenced aims to assess auditor opinions issued for the listed companies on the Bangladesh Stock Exchange for the last ten years, i.e. 2009-2018. In the last ten years, Bangladesh has witnessed some major changes in its financial regulation system, and these have greatly influenced business practices and auditors’ opinions. As of 16 November 2009, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 4000 points for the first time, setting another new high at 4148 points. In 2010, the index crossed 8500 points and finally crashed in the first quarter of 2011. Millions of investors lost their money and blamed speculators and regulators for the bubble that finally burst in 2011 – the investors lost confidence in the capital market. Subsequently, the government of Bangladesh still working on bringing these investors back into the market. This research is important, especially at the beginning of a new era when DSE signed a commitment letter with the United Nations Sustainable Stock Exchange (SSE) initiative on June 7 2018, joining nearly 75 stock exchanges worldwide committed to sharing information and working with stakeholders to promote the sustainability and transparency of capital markets.


Recently Completed External Funded Projects:

My recent project with Dr Cristina Neesham titled, ‘Needs analysis for the design of an Ethical Capability Building Program for Accounting Professionals’ (2016 – 2017), was funded by CPA Australia under the Global Research Perspectives Program. We undertook international collaboration with and guidance from Professor Mary Gentile (University of Virginia, United States), Associate Professor Claire Latham and Associate Professor Jane Cote (Washington State University, Vancouver, Canada); and Dr Rosemary Morris (the University of Texas at Austin, United States). This is high impact research, the findings of which are published on the CPA website, IFAC’s Global Knowledge Gateway website and also on APO’s (Analysis and Policy Observatory) website.


Referring to another research project titled ‘Auditor professional scepticism: impact of trust and distrust - a synthesis of research findings’ (Funded by AFAANZ, 2014 – 2015), I collaborated nationally with A/Prof. Noel Harding from UNSW Business School, Dr Radzi Jidin from the University of Tasmania, and Dr Janine P. Muir from Swinburne University of Technology. These reports are available on the CPA website.


In 2013, I (with Prof. Christine Jubb) secured funding from the Accounting & Finance Association of Australia and New Zealand (AFAANZ) to conduct research on ‘Pay for Performance: Does it   Extend to Remuneration Committee Membership?’

Again in 2013, I joined a research project with Prof. Hiroo Sasaki (Waseda University, Japan) and his team. The project is funded by the Japanese Society for the Promotion of Science: JSPS (Japanese version of ARC linkage in Australia), and was awarded a fund of JYN 350,00,000 (approximately AUD$350,000) for five years. The title of the project is ‘Economic Research on Business Practices and Institutional Systems in Developing Countries’. I oversee the Bangladesh component of the project.


Previous research projects:




Funding Agency


Amount ($)

2016 - 2017

Dr Cristina Neesham and Dr Mohammad I. Azim

CPA Australia Global Research Perspective Program

Needs analysis for the design of an Ethical Capability Building Program for Accounting Professionals

AUD $43,916

2014 - 2015

Noel Harding, Mohammad I. Azim, Radzi Jidin, Janine P. Muir


CPA Australia and Auditing and assurance special interest group (AASIG) of AFAANZ

Auditor professional scepticism: impact of trust and distrust – a synthesis of research findings.




AUD $5,000


Prof. Christine Jubb and M I Azim

Accounting & Finance Association of Australia and New Zealand (AFAANZ)

Pay for Pefroamcne: Does it Extend to Remuneration Committee Membership?

AUD $ 7,660


Prof. Hiroo Sasaki (Waseda University, Japan) and his team – which includes M I Azim

Japanese Society for the Promotion of Science (JSPS)

Economic Research on Business Practices and Institutional Systems in Developing Countries

JYN 350,00,000 (approximately




Mohammad I Azim


Innovative Teaching Research Support

Learning by Doing: A Way to Enhance Learning in Auditing


$ 12,000


Mohammad I Azim

and Janine Muir

Swinburne University of Technology Research Grant

Forensic Accounting: Bridge a Gap between Practice and Theory.



$ 7,500


Julie Forman and Mohammad I Azim


Swinburne University of Technology Research Grant

Governance Structure and Monitoring Mechanisms: Story Behind Grameen Bank’s Successful Performance.


$ 8,750


Ron Kluvers  and Mohammad I Azim


Faculty of Business and Enterprise Research Grant

Organisational Environment and Resisting Corruption: An Institutional Perspective.


$ 4,000


Elvia Sunityo-Shauki, Mohammad I Azim and Brenton Fiedler


BUE Small Research Grant

The impact of corporate governance and audit reporting in earnings management: evidence from ASX listed companies


$ 11,870


Professor Roger Burritt, Mohammad I Azim, and Abu Molik


Centre for Accounting Governance and Sustainability (CAGS)

Adoption of ASX’s Best Practice Recommendation for Board Structure: Does This Change Performance?


$ 5000





Mohammad I Azim


Faculty of Economics and Commerce Internal Grants Scheme, Australian National University.

External Corporate Monitoring and Effect on Performance.


$ 6000