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By: (Friday, April/27/2001)

The Institute of Chartered Accountants of Bangladesh (ICAB)

Founded on 1 January 1972. Established as an autonomous accounting body under the Bangladesh Chartered Accountants Order 1973 ( President's Order No. 2 of 1973) for the purpose of regulating the profession of chartered accountants and for matters connected therewith in the country.

The Ministry of Commerce administrates the ICAB. The affairs of the ICAB are managed by a Council composed of 20 members who are elected every 3 years. The Council is headed by the President (elected annually by the Council and acts as the Chief Executive).

The principal aims and objectives of ICAB are:

ICAB's Mission Statement - The mission of 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.

The Institute is an active member of various International and Regional accounting bodies like:

Address: Chartered Accountants Bhaban
100 Kazi Nazrul Islam Avenue
Kawran Bazar, Dhaka 1215 
Tel:  880-2-9129057
Fax: 880-2-8119399 

The Institute of Cost and Management Accountants of Bangladesh (ICMAB)

ICMAB is an autonomous professional body under the Ministry of Commerce of the Government of the peoples Republic of Bangladesh, is the only Institute in the country dedicated to Cost and Management Accounting education and research.

Its mission is to develop and promote Cost and Management Accounting profession by maintaining highest professional standards of its members in order to enable them to provide better services to the society.

It is entrusted with the formulation and implementation of national cost accounting standards. Its goal is to help Bangladesh to become an industrialized nation by promoting and regulating Cost and Management Accounting profession towards market economy to enhance economic competitiveness and quality of life.

It is managed by a Council constituted under the provision of the Cost and Management Accountants Ordinance. The Council consists of 12 Fellow Members of the Institute elected by the members of the Institute and 4 nominees of the Government representing Ministry of Commerce, Ministry of Finance, Ministry of Industries and Dhaka University. The Council in its three years term, elects one President, two Vice-Presidents, one Secretary and one Treasurer on yearly basis to manage the affairs of the Institute. Council has five Standing Committees and required number of other Committees. 

Address: ICMA Bhaban, Nilkhet
P O Box 2629, Dhaka 1205 
Tel:  880-2-96154602
Fax: 880-2-8615703 

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