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ICMAB members are known as CMAs with their designatory title ACMA and FCMA. They play leading roles in the accountancy and finance profession in Bangladesh. 30% of members live and work outside of Bangladesh. [4] [5]
Implementation of National Accounting as well as Cost Accounting Standards are also used with other necessary steps in order to regulate the profession. The ultimate goal of this is to develop Bangladesh's natural and human resources to enrich the shared future of the country and to ensure common welfare.
www.icab.org.bd The Institute of Chartered Accountants of Bangladesh ( ICAB ) is the national professional accountancy body and research institute in Bangladesh. [ 2 ] [ 3 ] It is the sole organisation in Bangladesh with the right to award the Associate Chartered Accountant designation.
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Students can also study CA (Chartered Accounting) after passing HSC or bachelor's degree and subject to fulfilling the entry criteria of the Institute of Chartered Accountants of Bangladesh (ICAB). [ 55 ] [ 56 ] According to Bangladesh Bank , there are 39 C.A firms in Bangladesh eligible for auditing banks and finance companies.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
The Comments column provides references to sections of Accounting Standards Codification (ASC) which complement or supersede a particular Audit and Accounting Guide. The ASC is published by the Financial Accounting Standards Board , and access to the ASC is free through the Basic View on the FASB web site.