Institute of Chartered Accountants of Bangladesh
Encyclopedia
The Institute of Chartered Accountants of Bangladesh (ICAB) is the national professional accountancy body in Bangladesh
Bangladesh
Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...

. It is the sole organisation in the Bangladesh with the right to award the Chartered Accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...

 designation.

It was established under the Bangladesh Chartered Accountants Order 1973 (Presidential Order No. 2 of 1973). The mission of ICAB is to provide leadership in the development, enhancement and coordination of the accountancy
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...

profession in Bangladesh in order to enable the profession to provide services of consistently high quality in the public interest.
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