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ICAB Vission, Mission & Values

The Institute of Chartered Accountants of Bangladesh (ICAB) is the National Professional Accounting 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 for matters connected therewith. 

 

Vision :

 


ICAB members hold a widely respected professional accounting qualification which supports enterprise, corporate governance and sustainable growth in the business environment.


Mission :


  • To promote and regulate high quality financial reporting and auditing in Bangladesh
  • To develop and maintain the competence of professional accountants  and
  • To enhance the reputation of the accounting profession in all sectors of the economy

Values :


  • Integrity                    To uphold the highest professional integrity and ethical standards
  • Expertise                   To conduct professional responsibilities with a high level of knowledge, competency and skill.
  • Transparency          To conduct activities in a clear and transparent way.
  • Accountability         ICAB members to be responsible for their actions.

Strategic Goals :


  • Increase number of members, students and financial strength
  • Align with members' careers
  • Enhance ICAB's image within the country and internationally
  • Further enhance the reputation for professionalism and high standards of integrity.
  • Ensure compliance with requirements of IFAC (International Federation of Accountants) membership.

Aims & Objectives:


To accomplish its mission, ICAB has been endeavoring to:

  • Regulate the Accountancy Profession and matters connected therewith
  • Administer its members and students
  • Ensure professional ethics and code of conduct
  • Provide specialized and professional training in Accounting, Auditing, Taxation, Corporate Laws, Management Consultancy, Information Technology and related subjects.
  • Impart Continuing Professional Development (CPD) to members.
  • Foster acceptance and observance of International Accounting Standards/ International Financial Reporting Standards (IAS/IFRS) and International tandards on Auditing /International, Auditing Practices Standards, (ISA/IAPS) and adopt the same in Bangladesh as Bangladesh Accounting Standards/ Bangladesh Financial Reporting Standards (BAS/BFRS) and Bangladesh Standards on Auditing/ Bangladesh Auditing Practices Standards (BSA/BAPS) respectively.
  • Foster acceptance and observance of International Accounting Standards/ International Financial Reporting Standards (IAS/IFRS) and International Standards on Auditing /International Auditing Practices Standards (ISA/IAPS) and adopt the same in Bangladesh as Bangladesh Accounting Standards/ Bangladesh Financial Reporting Standards (BAS/BFRS) and Bangladesh Standards on Auditing/ Bangladesh Auditing Practices Standards (BSA/BAPS) respectively
  • Foster acceptance and observance of International Accounting Standards/ International Financial Reporting Standards (IAS/IFRS) and International Standards on Auditing /International Auditing Practices Standards (ISA/IAPS) and adopt the same in Bangladesh as Bangladesh Accounting Standards/ Bangladesh Financial Reporting Standards (BAS/BFRS) and Bangladesh Standards on Auditing/ Bangladesh Auditing Practices Standards (BSA/BAPS) respectively
  • Keep abreast of the latest developments in Accounting techniques, Audit methodology,Information technology, Management consultancy and related fields and
  • Liaise with international and regional organizations to strengthen mutual cooperation.
Update Date : 22/11/2016

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