ICAB urges to trust on CAs for auditing

ICAB President Maria Howlader said this at a press conference on ‘Safeguarding Audit for National Interest: Local and Global Perspective’ held at the CA building in the city, said a press release.

Beyond its regulatory functions, ICAB actively supports the government through various policy initiatives. This includes submitting budget-related proposals to the National Board of Revenue (NBR) and providing input on the formulation of rules and regulations for the Financial Reporting Council (FRC), she said.

ICAB also assists in drafting crucial legislation and regulations related to industrial policy, import-export policy, and foreign investment policy, she opined.

Maria said that ICAB proudly marks its 50th anniversary, celebrating five decades of dedicated service in regulating the accounting and auditing profession in Bangladesh. 

Established on January 6, 1973, through the Bangladesh Chartered Accountants Order, 1973 (President's Order No. 2, 1973), ICAB has consistently upheld the highest standards, significantly enhancing the nation's financial landscape and international standing, said ICAB President.

Since its inception, ICAB has played a pivotal role in controlling the accounting and auditing profession and related activities in Bangladesh. The Institute's unwavering commitment to excellence has resulted in ICAB's curriculum and examination system being recognized as equivalent to that of the prestigious Institute of Chartered Accountants in England and Wales (ICAEW), she pointed out.

Md. Humayun Kabir, Md. Moniruzzaman, and Md. Shahadat Hossain and past presidents of ICAB also spoke in the press conference, reports UNB.