THE INSTITUTE OF CHARTERED ACCOUNTANTS OF BANGLADESH JOINS CHARTERED ACCOUNTANTS WORLDWIDE AND STRENGTHENS INTERNATIONAL PRESENCE
The Institute of Chartered Accountants of Bangladesh (ICAB) has become the twelfth member of international body Chartered Accountants Worldwide. ICAB is the seventh Chartered Accountancy body to be awarded Associate membership to the organisation since it was launched in February 2013.
As an Associate Member, ICAB joins a group of globally-recognised Chartered Accountancy bodies that are committed to enhancing the value of the Chartered Accountant brand and the profession. Being admitted to Chartered Accountants Worldwide recognises the importance of the qualification in Bangladesh and demonstrates ICAB’s commitment to the highest professional and ethical standards.
The Institute of Chartered Accountants of Bangladesh (ICAB) is a national professional accountancy body in Bangladesh, established under the Bangladesh Chartered Accountants Order, 1973 (President’s Order No. 2 of 1973) for the purpose of regulating the profession of accountants and related matters that also formulates Accounting and Auditing Standards for Bangladesh.
Chartered Accountants have been a mark of excellence in the accountancy and business sectors for over 150 years. There are Chartered Accountants working in over 200 locations across the world.
Pat Costello, Chairman of Chartered Accountants Worldwide said: “We are delighted that ICAB has joined the Chartered Accountants Worldwide family. ICAB has played a key role in developing the accountancy profession in Bangladesh over the last four decades and shares our ambition to work together and promote the very highest standards of the profession globally. We look forward to the fresh perspectives ICAB will bring to the table.”
President Adeeb H. Khan of ICAB said, “ICAB is delighted to become an Associate Member of Chartered Accountants Worldwide and to be part of this global family. We look forward to working with Chartered Accountants Worldwide to further increase the value and reputation of the Chartered Accountancy brand in Bangladesh and internationally”.
Michael Izza, ICAEW Chief Executive, said: “Chartered Accountants are right at the heart of business and play a vital role throughout the global economy. ICAEW is one of the founder members of Chartered Accountants Worldwide; an international body that brings together institutes from across the globe. We are committed to working together with other like-minded organisations to promote the Chartered Accountants brand and support our members. I am delighted to welcome ICAB to the organisation.”
By joining Chartered Accountants Worldwide as an Associate member, ICAB, with over 1,700 members, continues the expansion of the organisation which now supports some 700,000 members and over 1m students worldwide. Chartered Accountants Worldwide members include the founder members: Chartered Accountants Australia and New Zealand (CA ANZ), Chartered Accountants Ireland, ICAEW, ICAS and the South African Institute of Chartered Accountants (SAICA), and associate members: the Institute of Singapore Chartered Accountants (ISCA), the Institute of Chartered Accountants of Pakistan (ICAP), The Zambia Institute of Chartered Accountants (ZICA), the Institute of Indonesia Chartered Accountants (IAI), the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants of Sri Lanka.