Business Desk :
Chairman of Financial Reporting Council (FRC) Hamid Ullah Bhuiyan on Tuesday said if the Document Verification System (DVS) becomes effective, the production of two or three types of financial statements will stop while a culture of producing single set of audited financial statement will be established.
The FRC Chairman said this at an MoU signing ceremony on Tuesday.
With a view to ensuring transparency and accountability and strengthening the monitoring and review system of the audited Financial Statements, the FRC under the Ministry of Finance, signed an MoU regarding the use of DVS, with the Institute of Chartered Accountants of Bangladesh (ICAB) at its Auditorium.
FRC Chairman Dr. Md. Hamid Ullah Bhuiyan, and ICAB President Muhammad Farooq signed the MoU on behalf of their respective sides, said a press release.
Chairman of Financial Reporting Council (FRC) Hamid Ullah Bhuiyan on Tuesday said if the Document Verification System (DVS) becomes effective, the production of two or three types of financial statements will stop while a culture of producing single set of audited financial statement will be established.
The FRC Chairman said this at an MoU signing ceremony on Tuesday.
With a view to ensuring transparency and accountability and strengthening the monitoring and review system of the audited Financial Statements, the FRC under the Ministry of Finance, signed an MoU regarding the use of DVS, with the Institute of Chartered Accountants of Bangladesh (ICAB) at its Auditorium.
FRC Chairman Dr. Md. Hamid Ullah Bhuiyan, and ICAB President Muhammad Farooq signed the MoU on behalf of their respective sides, said a press release.
