Financial Reporting Council Bangladesh
Formation2015
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Websitewww.frcbd.org

Financial Reporting Council Bangladesh (Bengali: আর্থিক প্রতিবেদন কাউন্সিল বাংলাদেশ) is a Bangladesh government regulatory agency responsible for regulating auditing and audit firms.[1][2][3]

History

Financial Reporting Council Bangladesh was established on 9 September 2015 as an independent regulatory agency. The agency is controlled by 12 member governing body which has representatives from the government, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia.[4][5] It was created through the passage of Financial Reporting Act 2015 in the parliament of Bangladesh.[6]

In 2020 it signed agreements with International Valuation Standards Council, International Federation of Accountants, and IFRS Foundation.[7]

References

  1. ↑ "About FRC – FRC BD – Financial Reporting Council Bangladesh". frcbd.org. Retrieved 20 August 2020.
  2. ↑ "FRC includes more firms as public interest entities". The Business Standard. 16 March 2020. Retrieved 20 August 2020.
  3. ↑ "'Financial Reporting Council to be functional this year'". Dhaka Tribune. 19 September 2016. Retrieved 20 August 2020.
  4. ↑ "Background – FRC BD – Financial Reporting Council Bangladesh". frcbd.org/. Retrieved 20 August 2020.
  5. ↑ "Formation of Financial Reporting Council gets another boost". observerbd.com. Retrieved 20 August 2020.
  6. ↑ "Financial Reporting Council not fully ready". The Daily Star. 12 March 2019. Retrieved 20 August 2020.
  7. ↑ "FRC inks deals with 3 int'l standard setting orgs". New Age. Retrieved 20 August 2020.
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