The Institute of Chartered Accountants of Bangladesh (ICAB) is the national
professional accountancy body
A professional accounting body is an organization or association of accountants in a particular jurisdiction. Usually a person needs to be a member of such professional body to hold out to the public of the jurisdiction as an accountant. The des ...
and research institute in Bangladesh. It is the sole organisation in Bangladesh with the right to award the Associate
Chartered Accountant designation.
It has 2,005 members.
History
It was established under the Bangladesh Chartered Accountant Order 1973 (Presidential Order No. 2 of 1973). The Ministry of Commerce, Government of the People's Republic of Bangladesh is the administrative Ministry of ICAB.
Regional branches
ICAB has Regional Offices in Dhaka, the capital of Bangladesh, and in Chittagong, Rajshahi, Rangpur, Khulna, Barishal, Sylhet, Mymensingh. There are also Chapter Management Committee Offices both in London, UK and Ontario, Canada.
Information concerning memberships and contract signing
This organisation is a member of the following institutions:
* the
International Federation of Accountants
The International Federation of Accountants (IFAC) is the global organization for the accountancy profession. Founded in 1977, IFAC has 180 members and associates in 135 jurisdictions, representing more than 3 million accountants in public prac ...
(IFAC)
* the
International Accounting Standards Board
The International Accounting Standards Board (IASB) is the independent accounting standard-setting body of the IFRS Foundation.
The IASB was founded on April 1, 2001, as the successor to the International Accounting Standards Committee (IASC). ...
(IASB)
* the
Confederation of Asian and Pacific Accountants
The Confederation of Asian and Pacific Accountants (CAPA) is a regional organization representing 33 national professional accountancy organizations (PAOs) operating in Asia and the Pacific. These PAOs, referred to as CAPA’s members, represent ...
(CAPA)
* the
South Asian Federation of Accountants
The South Asian Federation of Accountants (SAFA) is a forum of professional accounting bodies in the South Asian Association of Regional Cooperation (SAARC) region of eight nations. It works in the public interest and towards broad economic devel ...
(SAFA)
* the
Asia Oceania Tax Consultants' Association
Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...
(AOTCA)
Moreover, this organisation has signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of England and Wales (ICAEW) on 26 October 2010.
See also
*
List of accounting firms in Bangladesh In Bangladesh, the profession of accountancy was developed during the British colonial period. The basic requirements for financial reporting by all companies in Bangladesh were provided by the Companies Act of 1994. Today, it is represented by two ...
References
External links
*
Accounting in Bangladesh
1973 establishments in Bangladesh
Organisations based in Dhaka
Member bodies of the International Federation of Accountants
Standards organisations in Bangladesh
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