The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is an institution dedicated to Cost and Management Accounting education and research in Bangladesh. It is managed as an autonomous professional body under the

Ministry of Commerce A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and M ...

. As well as education, it is also engaged in regulating and promoting the profession of cost and management accountant in Bangladesh.Vision & Mission
ICMAB

History

In 1972, the institute was re-established in the name of Bangladesh Institute of Industrial Accountants again. The Government of Bangladesh renamed it as The Institute of Cost and Management Accountants of Bangladesh through promulgation of The Cost and Management Accountants Ordinance 1977 (Ordinance No LIII of 1977).Institute of Cost and Management Accountants official website
/ref> ICMAB members are known as CMAs with their designatory title ACMA and FCMA. They play leading roles in the accountancy and finance profession in Bangladesh. 30% of members live and work outside of Bangladesh.

International association

ICMAB is a member of the following international accounting bodies: * International Federation of Accountants (IFAC) * Confederation of Asia Pacific Accountants (CAPA) * South Asian Federation of Accountants (SAFA) * International Accounting Standard Board (IASB)

National and international recognition

The ICMAB qualification is recognised by many professional bodies nationally and internationally. The bodies that have granted exemption to ICMAB members or qualified students are: * Chartered Institute of Management Accountants (CIMA), UK *

Association of Chartered Certified Accountants Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwid ...

(ACCA), UK *

Institute of Management Accountants The Institute of Management Accountants (IMA), formerly known as the National Association of Cost Accountants (NACA), is a professional organization of accountants. History IMA was founded in 1919 in Buffalo, New York as the National Associ ...

(IMA), US * Society of Management Accountants of Canada (CMA Canada) *

Certified General Accountants Association of Canada Founded in 1908, the Certified General Accountants Association of Canada (CGA-Canada) serves Certified General Accountants and students in Canada and nearly 100 countries. CGA-Canada established the designation's certification requirements and pro ...

(CGA-Canada) * Institute of Certified Financial Consultants (IFC), the United States and Canada * Institute of Certified Public Accountants (ACPA), US *

Institute of Public Accountants The Institute of Public Accountants (IPA) is one of the three legally recognised professional bodies for accountants in Australia. The IPA represents more than 40,000 members and students working in industry, commerce, government, academia and ...

(IPA), Australia *

Institute of Chartered Accountants of Bangladesh An institute is an organisational body created for a certain purpose. They are often research organisations (research institutes) created to do research on specific topics, or can also be a professional body. In some countries, institutes can ...

(ICAB)

References

{{authority control Management accounting Accounting in Bangladesh Member bodies of the International Federation of Accountants 1972 establishments in Bangladesh Government agencies of Bangladesh