Amendment to draft financial reporting act demanded
The Institute of Chartered Accountants of Bangladesh (ICAB) has demanded amendment to the draft Financial Reporting Act-2007, which the government is reportedly going to enact as law to establish a Financial Reporting Council, says an ICAB press release.A delegation of the ICAB headed by its President M Farhad Hussain met Finance Adviser Dr Mirza Azizul Islam at his office on Sunday to place the demand. Some provisions of the proposed FRA-2007 such as composition of the council, standards setting procedure, public interest oversight of professional accounting bodies that directly concern ICAB were discussed.
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