Institute of Chartered Accountants of Bangladesh

The Institute of Chartered Accountants of Bangladesh

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
Membership	1,535 (2015-16)
Official language	English
President	Mr. Kamrul Abedin FCA
Vice President (T&R)	Adeeb Hossain Khan FCA ^[1]
Vice President (E&T)	Mahmudul Hasan Khusru FCA ^[1]
Vice President (F&A)	Md. Shaifur Rahman Mazumdar FCA
Main organ	Council
Affiliations	IFAC, IASB, CAPA, SAFA, AOTCA
Slogan	সত্য, ন্যায়, প্রগতি
Website	www.icab.org.bd

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]

Establishment and administrative ministry

It was established under the Bangladesh Chartered Accountants 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]

Purpose

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

Regional branches

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 signing

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

the International Federation of Accountants (IFAC)^[7]
the International Accounting Standards Board (IASB)^[8]
the Confederation of Asian and Pacific Accountants (CAPA)^[9]
the South Asian Federation of Accountants (SAFA)^[10]
the Asia Oceania Tax Consultants' Association (AOTCA)^[11]

Moreover, this organization has signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of England and Wales (ICAEW) on October 26, 2010.^[12]

ICAB Publications

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

References

1 2 "ICAB President and Vice-Presidents". icab.org.bd. Retrieved August 17, 2016.
↑ "Members and firms statistics" (PDF). ICAB. 1 July 2015. Retrieved 29 February 2016.
↑ "Order under which ICAB established and ICAB's Administrative Ministry)". ICAB. Retrieved 6 November 2014.
↑ "ICAB's Mission Statement". ICAB. Retrieved 6 November 2014.
↑ "ICAB - A BRIEF OUTLINE (Regional Offices)". ICAB. Retrieved 6 November 2014.
↑ "Whom We Work With". ICAB. 1 July 2013. Retrieved 6 November 2014.
↑ "IFAC Membership". ICAB. Retrieved 6 November 2014.
↑ "IASB-IFRS Foundation". ICAB. Retrieved 6 November 2014.
↑ "CAPA Membership". ICAB. Retrieved 6 November 2014.
↑ "SAFA Membership". ICAB. Retrieved 6 November 2014.
↑ "Members – Asia-Oceania Tax Consultants' Association -". AOTCA. Retrieved 6 November 2014.
↑ "ICAEW signs MoU with the Institute of Chartered Accountants of Bangladesh". ICAEW. 7 December 2010. Retrieved 6 November 2014.

External links

IFAC Member Bodies and Associates

Asia	IICA ICAI ICAI (formerly ICWAI) ICAN ICASL ICMASL ICAB ICMAB ICMAP ICAP ICPAI PIPFA MIA CICPA HKICPA ISCA PICPA IUAA IAI JICPA

Africa	LICPA ICAG ICPAK ICAN ICAN ICASL ONECCA SAICA SAIPA NBAA OECT ICPAU ZICA ICAZ

Europe	AAT ACCA CA Ireland CPA Ireland CIMA CIPFA ICAEW ICAS IDW IEKA IFA OEC KWT

North America & Caribbean	AICPA CMA USA BICA CGAAC CICA CISPA CMA Canada ICAB ICAG ICAJ ICATT

Oceania	CA ANZ CPA Australia IPA

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