The Financial Reporting Council Bangladesh (Bengali: ফইনান্সিয়াল রিপোর্টিং কাউন্সিল) is a Bangladesh government regulatory agency responsible for regulating financial reporting, auditing and audit firms.[1][2][3]
| Formation | 2016 |
|---|---|
| Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
| Website | www |
History edit
The Financial Reporting Council Bangladesh was established on 19 April 2016 as per Financial Reporting Act, 2015 as an independent regulatory agency. 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.[4][5] It was created through the passage of Financial Reporting Act 2015 in the parliament of Bangladesh.[6]
In 2020 it signed agreements with International Valuation Standards Council, International Federation of Accountants, and IFRS Foundation.[7]
References edit
- ^ "About FRC – FRC BD – Financial Reporting Council Bangladesh". Financial Reporting Council Bangladesh. Retrieved 20 August 2020.
- ^ "FRC includes more firms as public interest entities". The Business Standard. 16 March 2020. Retrieved 20 August 2020.
- ^ "'Financial Reporting Council to be functional this year'". Dhaka Tribune. 19 September 2016. Retrieved 20 August 2020.
- ^ "Background – FRC BD – Financial Reporting Council Bangladesh". Financial Reporting Council Bangladesh. Retrieved 20 August 2020.
- ^ "Formation of Financial Reporting Council gets another boost". observerbd.com. Archived from the original on 10 June 2021. Retrieved 20 August 2020.
- ^ "Financial Reporting Council not fully ready". The Daily Star. 12 March 2019. Retrieved 20 August 2020.
- ^ "FRC inks deals with 3 int'l standard setting orgs". New Age. Retrieved 20 August 2020.
 | This article about a Bangladeshi organisation is a stub. You can help Wikipedia by expanding it. |