The Financial Reporting Council Bangladesh (Bengali: ফইনান্সিয়াল রিপোর্টিং কাউন্সিল) is a Bangladesh government regulatory agency responsible for regulating financial reporting, auditing and audit firms.[1][2][3]
| Formation | 2016 |
|---|---|
| Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
| Website | www |
History
editThe 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, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia.[4][5] It was created through the passage of Financial Reporting Act 2015 in the parliament of Bangladesh.[6]
In 2020 it signed agreements with International Valuation Standards Council, International Federation of Accountants, and IFRS Foundation.[7]
References
edit- ^ "About FRC – FRC BD – Financial Reporting Council Bangladesh". Financial Reporting Council Bangladesh. Retrieved 20 August 2020.
- ^ "FRC includes more firms as public interest entities". The Business Standard. 16 March 2020. Retrieved 20 August 2020.
- ^ "'Financial Reporting Council to be functional this year'". Dhaka Tribune. 19 September 2016. Retrieved 20 August 2020.
- ^ "Background – FRC BD – Financial Reporting Council Bangladesh". Financial Reporting Council Bangladesh. Retrieved 20 August 2020.
- ^ "Formation of Financial Reporting Council gets another boost". observerbd.com. Archived from the original on 10 June 2021. Retrieved 20 August 2020.
- ^ "Financial Reporting Council not fully ready". The Daily Star. 12 March 2019. Retrieved 20 August 2020.
- ^ "FRC inks deals with 3 int'l standard setting orgs". New Age. Retrieved 20 August 2020.
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