Economic Reporter :
Financial Reporting Council (FRC) will ensure transparency and accountability and improve performance of the professional accountants of the country.
“The main role of FRC will be to coordinate rather than to regulate. We have many regulations but we need better coordination for the financial sector,” said FRC Chairman CQK Mustaq Ahmed as the chief guest at a seminar on “Financial Reporting Act 2015 and its Economic Implication” in the city, said a press release.
Dhaka Chamber of Commerce and Industry (DCCI) organised the seminar at it auditorium in the city.
Bangladesh Bank Director and former President of DCCI Aftab Ul Islam, Institute of Chartered Accountants of Bangladesh (ICAB) President Adeeb Hossain Khan, and Institute of Cost and Management Accountants of Bangladesh (ICMAB) President Jamal Ahmed Choudhury were present as special guests. DCCI President Abul Kasem Khan chaired the seminar.
Mustaq Ahmed said this new Act is only for bringing transparency. There are many regulations in the country, but proper implementation of these regulations is very important.
“By the year 2021 we have a vision to be a middle income country for which we need to work collectively. To achieve middle income country status we need to avoid bad practice of bankruptcy,” he added.
Abul Kasem Khan said Financial Reporting Act, 2015 is enacted for ensuring transparency and accountability in accounting and auditing profession.
“The FRC under this act will be an independent regulatory body that will monitor the auditing and reporting activities,” he added.
Financial Reporting Council (FRC) will ensure transparency and accountability and improve performance of the professional accountants of the country.
“The main role of FRC will be to coordinate rather than to regulate. We have many regulations but we need better coordination for the financial sector,” said FRC Chairman CQK Mustaq Ahmed as the chief guest at a seminar on “Financial Reporting Act 2015 and its Economic Implication” in the city, said a press release.
Dhaka Chamber of Commerce and Industry (DCCI) organised the seminar at it auditorium in the city.
Bangladesh Bank Director and former President of DCCI Aftab Ul Islam, Institute of Chartered Accountants of Bangladesh (ICAB) President Adeeb Hossain Khan, and Institute of Cost and Management Accountants of Bangladesh (ICMAB) President Jamal Ahmed Choudhury were present as special guests. DCCI President Abul Kasem Khan chaired the seminar.
Mustaq Ahmed said this new Act is only for bringing transparency. There are many regulations in the country, but proper implementation of these regulations is very important.
“By the year 2021 we have a vision to be a middle income country for which we need to work collectively. To achieve middle income country status we need to avoid bad practice of bankruptcy,” he added.
Abul Kasem Khan said Financial Reporting Act, 2015 is enacted for ensuring transparency and accountability in accounting and auditing profession.
“The FRC under this act will be an independent regulatory body that will monitor the auditing and reporting activities,” he added.
