The Financial Reporting Council Bangladesh () is a

Bangladesh government The Cabinet of Bangladesh ( bn, বাংলাদেশের মন্ত্রিসভা) is the chief executive body of the People's Republic of Bangladesh. The cabinet is the collective decision-making body of the entire government under ...

regulatory agency responsible for regulating financial reporting, auditing and audit firms.

History

The Financial Reporting Council Bangladesh was established on 19 April 2016 as per Financial Reporting Act, 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 The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Mini ...

, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia. It was created through the passage of

Financial Reporting Act 2015 The Financial Reporting Act 2015 (known as FRA 2015) is an act created by the Bangladesh National Assembly. The act was passed on September 6, 2015, in order to follow the accountability and transparency of the financial reporting procedures in the ...

in the parliament of Bangladesh. In 2020 it signed agreements with

International Valuation Standards Council The International Valuation Standards Council (IVSC) is an independent, not-for-profit, private sector standards organisation incorporated in the United States and with its operational headquarters in London, UK. IVSC develops international tech ...

, International Federation of Accountants, and

IFRS Foundation The International Financial Reporting Standards Foundation or IFRS Foundation (sometimes IFRSF) is a nonprofit organization that oversees financial reporting standard-setting. Its main objectives include the development and promotion of the Inte ...

References

2015 establishments in Bangladesh Organisations based in Dhaka Government agencies of Bangladesh Financial regulatory authorities of Bangladesh {{Bangladesh-org-stub