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The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is an institution dedicated to Cost and Management Accounting education and research in Bangladesh. It is managed as an autonomous professional body under the Ministry of Commerce .
The ICMAB is the sole authority to issue licences to their members for practice in the field. They have many visions and missions. By promoting and regulating Cost and Management Accounting they want to improve the quality of life and economic competitiveness which will eventually lead to helping Bangladesh become and industrialized nation.
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.
The prime task of ICSB is to create professional in order for ensuring sound corporate governance in banks, Insurance and other financial institutions in Bangladesh. [7] In Bangladesh, Institute of Chartered Accountants of Bangladesh, Institute of Cost and Management Accountants of Bangladesh, Bangladesh Insurance Academy and ICSB itself creates Chartered Accountants, Cost & Management ...
The agency is controlled by 12 member-governing body which has representatives from the government, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia.
It's the home for BCS (Audit & Accounts) Cadre Officials. The responsibility of the institute is to add value to the skills of the employees of the department. The institution offers necessary auditing, accounting and financing knowledge to the employees of the department in an effort to ensure sound financial management of the country.
The Financial Reporting Act 2015 (known as FRA 2015) is an act created by the Bangladesh National Assembly. The act was passed on September 6, 2015, in order to follow the accountability and transparency of the financial reporting procedures in the country. On September 9, 2015, the act was officially published by the Government of Bangladesh. [1]
The Management Development Program of the institute is geared towards helping individual managers and organizations augment their management development efforts. The services provided by the program include management training, seminars, workshops, and executive forums. [citation needed] The following courses are regularly been offered by MDP: