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Institute of Chartered Accountants of Bangladesh

The Institute of Chartered Accountants of Bangladesh (ICAB) is the national professional accountancy body in Bangladesh. It is the sole organisation in Bangladesh with the right to award the Associate Chartered Accountant designation. It has 1,535 members.[2]

The Institute of Chartered Accountants of Bangladesh
Institute of Chartered Accountants of Bangladesh Logo.jpg
Abbreviation ICAB
Formation 1973
Type National Professional Accounting Body
Professional title
ACA,FCA
Headquarters 100 Kazi Nazrul Islam Avenue
Location
  • Dhaka-1215
Region served
Bangladesh Bangladesh
Membership
1,535 (2015–16)
Official language
English
President
Mr. Adeeb Hossain Khan FCA[1]
Vice-President (Tech)
Moddassar Ahmed Siddique FCA[1]
Vice-President (E&T)
Mostafa Kamal FCA[1]
Vice-President (F&A)
Md. Mahamud Hosain FCA
Main organ
Council
Affiliations IFAC, IASB, CAPA, SAFA, AOTCA
Slogan সত্য, ন্যায়, প্রগতি
Website icab.org.bd

Contents

Establishment and administrative ministryEdit

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.[3]

PurposeEdit

The mission of the ICAB is to provide leadership in the development, enhancement and co-ordination of the accountancy profession in Bangladesh to enable the profession to provide services of consistently high quality in the public interest.[4]

Regional branchesEdit

ICAB has Regional Offices in Dhaka, the capital of Bangladesh and in Chittagong. There are also Chapter Management Committee Offices both in London, UK and Ontario, Canada.[5]

Information concerning memberships and contract signingEdit

This organisation is a member of the following institutions:[6]

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.[12]

ICAB PublicationsEdit

  • Members Hand-book on Bangladesh Chartered Accountants Order 1973 & The Institute of Chartered Accountants of Bangladesh Bye-laws 2004 and Council Directives/Decisions
  • Annual Council Report and Annual Audited Financial Statements as at 30 June every year
  • Annual List of Members & CA Firms as of 1 July every year
  • The Bangladesh Accountant (Quarterly Journal)
  • News-Bulletin (Monthly News Letter)
  • Students' Guide (Information booklet) – Fees Schedule (Effective from 1 July 2004)
  • Students' Study Manuals on various subjects
  • Students' Suggested Answers Booklets on past exam. Questions on various subject
  • Bangladesh Accounting Standards (BASs) and Bangladesh Financial Reporting Standards (BFRSs) Volume -I (BAS 1 – BAS 25)
  • Bangladesh Accounting Standards (BASs) and Bangladesh Financial Reporting Standards (BFRSs) Volume -II (BAS 26 – BAS 41 and BFRS 2 – BFRS 6)
  • BSQC1 & Quality Assurance Requirements
  • Audit Practice Manual
  • Manuals and Technical guides on various professional and technical subjects

ReferencesEdit

  1. ^ a b c "ICAB President and Vice-Presidents". ICAB. Retrieved 6 May 2017. 
  2. ^ "Members and firms statistics" (PDF). ICAB. 1 July 2015. Retrieved 29 February 2016. 
  3. ^ "Order under which ICAB established and ICAB's Administrative Ministry)". ICAB. Retrieved 6 November 2014. 
  4. ^ "ICAB's Mission Statement". ICAB. Retrieved 6 November 2014. 
  5. ^ "ICAB – A BRIEF OUTLINE (Regional Offices)". ICAB. Retrieved 6 November 2014. 
  6. ^ "Whom We Work With". ICAB. 1 July 2013. Retrieved 6 November 2014. 
  7. ^ "IFAC Membership". ICAB. Retrieved 6 November 2014. 
  8. ^ "IASB-IFRS Foundation". ICAB. Retrieved 6 November 2014. 
  9. ^ "CAPA Membership". ICAB. Retrieved 6 November 2014. 
  10. ^ "SAFA Membership". ICAB. Retrieved 6 November 2014. 
  11. ^ "Members – Asia-Oceania Tax Consultants' Association –". AOTCA. Retrieved 6 November 2014. 
  12. ^ "ICAEW signs MoU with the Institute of Chartered Accountants of Bangladesh". ICAEW. 7 December 2010. Retrieved 6 November 2014. 

External linksEdit