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Accounting in Bangladesh

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In Bangladesh, the profession of accountancy developed during the British colonial period. Today it is represented by two professional bodies, the Institute of Cost & Management Accountants of Bangladesh (ICMAB) and the Institute of Chartered Accountants of Bangladesh (ICAB). The GAAP in Bangladesh are based upon standards set by the ICAB, which has stated its intention to adopt International Financial Reporting Standards. As of 2001, 23 such standards had already been adopted, and listed companies are required to use IFRS.[1]

See also

References

  1. ^ David O'Regan (2003). "Bangladesh". International auditing: practical resource guide. John Wiley and Sons. p. 138. ISBN 0-471-26382-6. {{cite book}}: Unknown parameter |isbn13= ignored (help)

Further reading

  • World Bank (2002). "Public Sector Accountants and Auditors". Bangladesh: financial accountability for good governance. World Bank e-Library. World Bank Publications. ISBN 0-8213-5137-0. {{cite book}}: Unknown parameter |isbn13= ignored (help)