Report

On
Admission process and job prospect of Chartered Accountants (CA) course and the
Institute of Cost and Management Accountants of Bangladesh (ICMAB)

Prepared For
Arif Ahasan
Instructor
ACC 304, Managerial Accounting

Prepared by
Sajal Ahmed- 13302001
Ayesha Akter- 13202064
Farzana Ieasmin- 13202050
Dilruba Yesmin Rime - 13202081
Md. Rasel- 13202110

Section: B
Program: BBA

Submission Date: 17-03-2016

Letter of Transmittal
1
17th March, 2016
Dr. M Alimullah Miyan
Vice Chancellor
IUBAT- International University of Business Agriculture and Technology
4, Embankment Drive Road, Uttara Model Town
Sector 10, Dhaka 1230, Bangladesh.

Dear Sir,

This is a great opportunity & immense for us to submit this report on the topic of
Admission process and job prospect of Chartered Accountants (CA) course and the
Institute of Cost and Management Accountants of Bangladesh (ICMAB) we have
prepared this report as partial fulfillment of the course Acc-304.

We have tried our level best to prepare this report to the required standard. It was
certainly a great opportunity for us to work on this paper to actualize our theoretical
knowledge in the practical arena.

We express our heart full gratitude to you to go through this report and make your
valuable comments. It would be very kind of you, if you please evaluate our performance
regarding this proposal.

Thank you

Sincerely Yours,

----------------------------------
Supervisors Declaration

2
This is to certify that Sajal Ahmed, Ayesha Ahter, Rime, Rasel, Farzana Students of BBA
program in International university of Business agriculture and Technology has prepared
the report entitle on Admission process and job prospect of Chartered Accountants
(CA) course and the Institute of Cost and Management Accountants of
Bangladesh (ICMAB) by their own effort. This report has been prepared under my
supervision and guidance.

The paper is accepted in term of quality and as per the outline to them by the university. I
wish them all success in the years to come

Arif Ahsan
Faculty of Business Administration
International university of Business agriculture and Technology

Students Declaration

3
The proposal prepared on the topic of Admission process and job prospect of
Chartered Accountants (CA) and the Institute of Cost and Management
Accountants of Bangladesh (ICMAB) we have prepared this report as partial
fulfillment of the course Acc-304. It does not have the purpose to hamper the company
reputation or any other reason. It is also declared that, this report has been prepared for
academic purpose only and has not been will not be submitted elsewhere for any other
purpose.

Sincerely yours

..

Sajal Ahmed- 13302001

Ayesha Akter-13202064
Farzana Ieasmin-13202050
Dilruba Yesmin Rime -13202081
Md. Rasel-13202110

Acknowledgement

4
It is great opportunity & pleasure for us to express our profound gratitude to ward all the
individuals who directly or indirectly contributed towards completion of this report.

Working on this report it was a great fun, excitement, challenges and a new exposure in
the field of finance. We are greatly in debated to under whose guidance and concern we
are able to bring the report into its real shape.

We are thankful to our faculty in providing us useful guidance for the completion of this
report. We convey our gratitude to all those who are directly or indirectly related in the
completion of this project report.

Firstly, all praise goes to the almighty Allah, who has given us the light of knowledge,
strength and patience.

Table Of Contents

5
SL no: Table of Contents Page no:
Title Page 1
Letter Transmittal 2
Supervisors Declaration 3
Students Declaration 4
Acknowledgement 5
Table Of Contents 6
Executive Summary 7
8-11
Part One Introductory part
1.01 Introduction of the report 8
1.02 Objective of the report (Broad & Specific objective) 8-10
1.03 Scope of the Study 11
Organizational Part 11-14
Part Two
2.01 Background of the Organization 11
2.02 Mission 12
2.03 Vision 13
2.04 Services of the organization 14
Part Three Literature Review 15
Part Four Topic-Admission process and job prospect of 16
Chartered Accountants (CA) and the Institute of
Cost and Management Accountants of
Bangladesh (ICMAB)
Part Five Actual Task Part 16-17
Part Six Research Part 18-22
6.01 Project Timeline 18
6.02 Budget Information 18
6.03 Research Methodology 19-20
a) Data Source
b) Data Analysis
6.04 Research Limitation 21
6.05 Finding 21
6.06 Recommendation 22
6.07 Conclusion 22
Part Seven Appendix 23-24
7.01 References List 23
Executive Summary

This report aims at providing an overall process of the ICAB, CA Firm & ICMAB.
Before going to the process it is mandatory to know something about the organization.

6
Thats why; first of all, we made an overview of the organization of ICAB, CA firm &
ICMAB.

We are the students of BBA. In this semester we are doing a course, which is Managerial
Accounting. Our course instructor is Arif Ahsan. In this during time for our better
understand he asked to make report about Admission process and job prospect of
Chartered Accountants (CA) and the Institute of Cost and Management
Accountants of Bangladesh (ICMAB). He also provided some instructions for
preparing this report. First of all we made group of 6 members then we workout for the
report. For our report purpose we needed to visit to the ICAB, ICMAB, & a CA firm.
Then finally our all of group member visited those places. After visiting every individual
Institute we collect information. Like admission process, course curriculum, couese fees,
exam fees, course demand in job market etc. if any student want to study in CA then for
his minimum requirement need to HSC+SSC = 7 points. Then minimum CGPA need 2.5.
From any department if he or she com he or she will take admission in CA. The Institute's
course of studies consists of the following two stages which are Professional Stage and
Advanced Stage. Professional stage is devided into two parts Knowledge level and
Application level. For ICMAB graduates or Post- graduates in any discipline having
minimum 06 (six) points from any recognized Board/Public University/ National
University/ Private University/ Institute (as approved by University Grants Commission
of Bangladesh).

Chartered Accountancy is the most lucrative and remunerative job, not only in
Bangladesh but over the world. ICAB is the only organization to train the most
prestigious professionals and to regulate Chartered Accountancy profession in the
country.

The Institute of Cost and Management Accountants of Bangladesh (ICMAB)

at Nilkhet, Dhaka, Bangladesh is the only institution in the country dedicated to Cost and
Management Accounting education and research. It is managed as an autonomous
professional body under the Ministry of Commerce.

Finally we got some findings from the analysis of the ICAB, CA firm & ICMAB. Then
we conclude our report saying some policy implications.

Part One: Introduction

1.1 Introduction of the report:

7
In this report we are five member of a group have gone through a wide study and
research to know about the CA (chartered Accountant) and CMA (Cost and Management
Accountants) course. We have fiscally attended to the Governing Institute of CA which is
known as CA Bhaban also the ICMAB Bhaban. The report has been made based on our
visit to ICAB, Basu Banerjee Nath & Co. & ICMAB. The report generally concerns
about Managerial accounting including ICAB information, CA course, ICMAB. It also
process and compares CA Firm. The report explains the process of admission of CA Firm
and ICMAB. The main aims of the report are to identify how to work & what are the
procedures of ICMAB, CA firm & ICMAB. As we all know, in this 21 st century the
professional courses like CA or CMA are attaining to make student more specialized and
market attraction in Bangladesh. People these days are more excited about earning fame
and glory as soon as possible. Also, with the globalization of the world, the need of the
skilled people is increasing. Professional courses have gained importance in the recent
years, with the graph going high for job opportunities in the respective sectors. A
professional course helps students to get trained and aware of the latest trends in the
market and the respective work environments. Theoretical knowledge is not enough to
survive in the modern corporate world. Practical knowledge is very important for our
study. For this reason we went to the CA Bhaban, CA Firm and ICMAB to know about
their admission procedure. what is their requirement, subjects, course procedure,
semester, grading system, admission and registration fee all.
The Institute of Charted Accountants of Bangladesh (ICAB), The Institute of Cost and
Management Accounts of Bangladesh (ICMAB) are the governing bodies for these
courses which offer various govt. qualified courses in the respective fields and
completing after which a person become a certified member of these governing bodies.

1.2 Objective of the report:

The Institute of Chartered Accountants of Bangladesh (ICAB)

Broad Objective:

The Institute of Chartered Accountants of Bangladesh (ICAB), the National Professional

Accounting Body of Bangladesh established under the Bangladesh Chartered
8
Accountants Order 1973(President's Order No. 2 of 1973).The Institute has
the following objectives:
Regulates the accounting Profession and matters concerned there with in the country
Administers its members and students
Ensures sound professional ethics and code of conduct by its members

Specific Objective:

Provides specialized training and professional expertise in Accounting, Auditing,

Taxation, Corporate Laws, Management Consultancy, Information Technology and
related subjects
Imparts Mandatory continuing Professional Education (CPE) to its members
Fosters acceptance and observance of International Accounting Standards(IAS)and
International Standards on Auditing (ISA)and adopt IAS & ISA in Bangladesh as
Bangladesh Accounting Standards(BAS)and Bangladesh Standards on Auditing
(BSA) respectively
Keeps abreast of latest developments in Accounting techniques, Audit methodology,
Information technology , Management consultancy and related fields
Liaises with regional and international organizations to influence the development of
efficient capital markets and international trade in services.

ICMAB-The major objectives of the Institute of ICMAB are to:

Broad Objective:

Regulate and develop the Cost and Management Accounting (CMA) profession in
Bangladesh.

Provide and confer the highest professional degree in Cost and Management
Accounting.

Specific Objective:

Impart education and training to the members, corporate managers and intending
students of CMA for enhancing their capability in the fields of Cost and Management
Accounting
Develop knowledge, skills and competence of the CMAs needed to support economic
development of the country and, thus, to prepare capable manpower needed for

9
 various national and international development activities according to the
requirements of the millennium
Help development, adoption and implementation of International Financial Reporting
Standards (IFRS) in Bangladesh
Formulate, adopt and implement Cost Accounting and Auditing Standards (CAAS) in
Bangladesh and international arena.
Implement statutory Cost Audit as provided in the Companies Act, 1994
Conduct research in the field of Cost and Management Accounting in order to
promote and develop the profession to meet the requirement of the time.

Basu Banerjee Nath & Co. Chartered Accountants, Bangladesh-

Broad Objective:
Basu Banerjee Nath & Co. offer financial advice, audit accounts and
provide trustworthy information about financial records. This might involve financial
reporting, taxation, auditing, forensic accounting, corporate finance, business recovery
and insolvency, or accounting systems and processes.
Specific Objective:
By providing professional advice, aiming to maximize profitability on behalf of
their client or employer.

They work in many different settings including public practice firms and industry
and commerce, as well as in the not-for-profit and public sectors.

Basu Banerjee Nath & Co. Provide professional services to fee-paying clients
who might be private individuals or large commercial or public sector
organization.

They may work in treasury management, procurement, and financial management

or in reporting roles.

1.3 Scope of the Study:

Scope of the study is very large. It covers many issues. An extensive level of study is
required to evaluate the performance. Here in this report paper we have tried to present
the current ICAB, CA firm & ICMAB condition.

10
The preparation process of the report helped us to experience how all these are being
used in the real life.
Part Two: Organization Part
2.01 Background of the Organization:

At first we visited The Institute of Chartered Accountants of Bangladesh (ICAB then we

visited The Institute of Cost and Management Accountants of
Bangladesh (ICMAB) which is situated at Nilkhet, Dhaka. It is 150km far away from
Uttara. ICMAB was established by Mr. Abu Sayed Md & Shaykhul Islam FCMA who are
the president of the institution. It was established in 1972. After that we visited a CA Firm
which name was Basu Banerjee Nath & Co.

2.02 Mission:

ICAB's Mission-The mission of ICAB is to provide leadership in the development,

enhancement and coordination of the Accountancy Profession in Bangladesh in order to
enable the profession to provide services of consistently high quality in the public
interest. In order to enable the profession to provide services of consistently high quality
in the public interest the mission of the Institute has been identified by the Council as:
To provide leadership in the development,
Enhancement and coordination of the
Accountancy profession in Bangladesh

CA Firm Mission-To provide businesses, entrepreneurs and individuals with the highest
quality accounting, auditing, tax planning and business advisory services delivered in a
timely, efficient and innovative manner by a professional team that clearly enjoys
working together to exceed their clients' needs.

ICMAB Mission-The Institute's mission is to develop, equip and promote Cost and
Management Accounting profession by maintaining highest professional standard of its
members in order to enable them to provide better services to the society.
The Institute is entrusted with the formulation and implementation of National
Accounting as well as Cost Accounting Standards and takes other necessary steps with a
view to regulating the Cost and Management Accounting profession commensurate with
global standard with the ultimate objective of developing Bangladesh's human and
natural resources to ensure common welfare and to enrich our shared future.

2.03 Vision:

11
ICAB's Vision-To meet the ever-changing global economic demands dominated by WTO
regime, the ICAB is fast becoming a body of professionals whose expert services will be
highly sought after-
- To anticipate, meet and exceed the rising expectations of the society
- To better use of opportunities to face the challenges of fiercer global competition
- To recognize the changes in economy/ business and recognize the path to success by
adopting changes in knowledge management and acquiring skills
- To recognize its role as a regulatory body to equip its members (Chartered
Accountants) with top-quality education and values.
- To recognize the needs known as world Class Advisors.
In order to materialize the above vision, ICAB will-
- Generate Chartered Accountants of high competence through rigorous but useful
Education and training, who will be able to meet the challenges of the new
millennium
- Uphold professional integrity and honesty of its members
- Advise government on taxation, business law and related matters
- Maintain superiority in respect of professional competence
- Meet the growing demand for qualified Chartered Accountants in Bangladesh
- Create the environment of mutual cooperation
- Carry out continuous research and make in-depth study of related subjects and apply
Findings of research and study in the fields of accountancy profession.

CA Firm vision-To be the most highly respected professional firm in the region where
clients come for the peace of mind that their interests are being cared for by a team that
enjoys working with them and one another.

ICMAB Vision-Institute's vision is to help Bangladesh become an industrialized nation

by promoting and regulating Cost and Management Accounting profession to enhance
economic competitiveness and quality of life.

2.04 Services of the organization:

Courses of ICAB

The Institute's course of studies consists of the following two stages:

1. Professional Stage

i. Knowledge Level
Assurance
Accounting

12
 Business and Finance
Management Information
Taxation 1
Business and Commercial Law
Information Technology Knowledge
ii. Application Level
Audit and Assurance
Financial Accounting
Business Strategy
Financial Management
Taxation 2
Corporate Laws and Practices
IT Application

2. Advanced Stage
Financial & Corporate Reporting
Advanced Audit & Assurance
Business Analysis
Case Study

CA firm-Basically CA Firm Training the students to complete the CA course. They also
give the services to their customer to Audit their firm.

ICMAB-The ICMAB qualification is recognized by many professional bodies nationally

and internationally. The bodies that have granted exemption to ICMAB members or
qualified students are:

Courses of ICMAB

The Institute's course of studies consists of the following five levels:

1. Foundation Level-

a. Principles of Accounting

b. Business Communication and Office Management:

c. Quantitative Techniques:

Mathematics

13
 Statistics

d. Business Economics and International Business:

2. Professional Course-

Professional Level-I (PL-I)

a. Intermediate Financial Accounting

b. Cost Accounting

c. Management and Marketing Management:

d. Information Technology

3. Professional Level-II (PL-II)

a. Advanced Financial Accounting-I

b. Management Accounting

c. Commercial & Industrial Laws:

d. Taxation

4. Professional Level-III (PL-III)

a. Advanced Financial Accounting-II

b. Advanced Cost Accounting

c. Corporate Laws, Governance & Secretarial Practice:

d. Auditing

5. Professional Level-IV (PL-IV)

a. Financial Management

b. Strategic Management Accounting

c. Strategic Management and Organizational Behavior

14
 d. Cost and Management Auditing:

Part Three: Literature Review

(a)Manufacturing cost: Manufacturing consists of activities and processes that convert

raw materials into finished goods. Manufacturing costs are typically classified as direct
materials, direct labor, manufacturing overhead.

(b)Direct labor: The work of factory employees that can be physically and directly
associated with converting raw materials into finished goods is direct labor.

(C)Manufacturing overhead: Manufacturing overhead consists of cost that are

indirectly associated with the manufacture of the finished product .These costs may also
be manufacturing costs that cannot be classified as direct materials or direct labor
.Manufacturing overhead includes Direct-materials ,Direct-labor ,depreciation on factory
building and machines and insurances ,taxes and maintenance on factory facilities.

(d)Cost of goods manufactured schedule: The cost of goods manufactured schedule

reports cost elements used in calculating cost of goods manufactured.

(e)Cost: Cost is usually measured in the monetary amount that must be paid to acquire
goods and services.

(f)Manufacturing Company: the Company which purchases raw materials and

components and convert them into finished goods.

(g)Product cost: Each of the manufacturing components, direct materials, direct labor,
and manufacturing overhead are product cost.

(h)Taxation: The term taxation comes from Latin word "Taxations means to determine
the payable quantum on estimate. Tax is the revenue collected by the government from
persons and organizations under different taxing act.

(i)Audit: Audit process must be both systematic and documented.

There are three types of audits: first-party, second-party, and third-party. First-party audits
are internal audits. Second and third party audits are external audits.
Organizations use first party audits to audit themselves. First party audits are used to
confirm or improve the effectiveness of management systems. They're also used to
declare that an organization complies with an ISO standard
Second party audits are external audits. Theyre usually done by customers or by others
on their behalf. However, they can also be done by regulators or any other external party
that has a formal interest in an organization.
15
Third party audits are external audits as well. However, theyre performed by
independent organizations such as registrars (certification bodies) or regulators.

Part Four: Topic Part

Admission process and job prospect of Chartered Accountants (CA) course

and the Institute of Cost and Management Accountants of
Bangladesh (ICMAB)

We are the students of BBA- Bachelor of Business Administration. And we are the
ending situation of this degree. So now this is the right time to develop our carrier and
makes it good. Because from this stage we have to focus or select a best option for our
carrier development and for better future. Now we are eight semesters, this is the right
time to think about it. In this semester we are enrolling a course which is Managerial
Account.
For this course we have to submit a report. And our report topic is : Admission process
and job prospect of Chartered Accountants (CA) course and the Institute of
Cost and Management Accountants of Bangladesh (ICMAB). We select this
topic after completed the graduation degree we need to go our next stage. After complete
graduation there is many option will stand in front of you. But everyone is not perfect for
us and for our career. But CA and CMA course is very good decision after complete
BBA. Because these course is very good and these courses demand is high in job market.
For a BBA students there is no better option rather then it. When we analyzed this topic
we get some information like if any students take this course and make good result that
time his degrees value will be high rather than abroad degree from a good university. For
those reason we select this topic. After the completed this course job is available.A
CMA's role is geared towards assessing business possibilities, grasping opportunities and
shaping the future of organizations. They will have the strategic insight to assess risk and
make vital business decisions based on a robust understanding of the business
environment. Cost and Management Accountants are typically qualified to engage in a
wide variety of business CMAs (Cost and Management Accountants) are forward
looking, unlike traditional accountants who focus on reporting past performance.

Part Five: Actual Task Part

Before starting our discussion, let me remind you that we are the Sunshine group. We
have five members in our group including Sajal Ahmed, Aysha, Rime, Rasel and Nipa.
We started our journey to make this report in the morning on Monday, February 22, 2016.
It was sunny and beautiful day. Sajal Ahmed, Ayesha, Rasel and Rime gathered at house
building at 7.30am on that morning. Ayesha came from tongi, rime came from uttara,
rasel came from konabari and I came from Gazipur. Then we got on the bus from House
16
building, uttara. All of us arrived in front of House building at 7.30 am. From there we
started our journey towards factory at 9:05am.This report typed by all the group
members in our group.

Name ID Activities

Sajal Ahmed 13302001 Visited CA Bhavan,

Ayesha Akter
Dilruba Yesmin Rime
MD. Rasel
Farjana Iesmin Nipa
CA Firm, ICMAB.
Collected information
Prepared Introductory
Part,
Topic Part,
Corporation part of the
organization of the
report & presentation
13202064 Visited CA Bhaban, CA
Firm, ICMAB,
Talking with the staff
CA Bhavan, CA Firm ,
ICAMB and collected
information,
Organizational Part,
Literature Review,
Actual Task part.
13202081 Visited CA Bhaban, CA
Firm, ICMAB,
Talking with the staff
CA Bhaban, CA Firm,
ICMAB and collected
information.
Prepared Finding ,
Data Analysis,
Recommendation
Conclusion.
13202110 Visited CA Bhaban, CA
Firm, ICMAB,
Prepared
Acknowledgement,
Service of Organization,
Data source.
Appendix
13202050 Not visited CA Bhaban,
CA Firm, ICAMB,
Prepared Research part.
Collect Information.

17
 Object of the report.

Part Six: Research Part

6.01 Project Timeline: Gantt Chart

18
6.02 Budget Information:

Cost Item Amount(Taka)

Transportation Cost (100*4) 400

Breakfast(50*4) 200

Lance Bill (120*4) 480

Rickshaw Rent (60*2) 120

Popcorn (10*4) 40

Soft Drink 80

Report Printout 120

Internet Bill 100

Pen Drive(300*2) 600

Miscellaneous Expenses 50

Total = Tk-2190

6.3 Research Methodology:

a. Research Instrument:

For our report purpose we made some questionnaire for collect information from the IC
AB, CA Firm, and ICMAB. In this questionnaire some questions are open- end questions
and some are close- end questions. Questions are given in bellow:

19
 1) What is the admission Requirements for studying Chartered Accountants?
2) What is the admission process for studying CA &CMA Course?

3) What is the carrier opportunity after completed CA course &CMA Course?

4) Is there any good market demand for these courses?

5) What is the course curriculum system for CA, CMA Course?

6) Is finance background is compulsory for enroll these courses?

7) What are your firms requirements for admission purpose?

8) Do you give any extra benefits rather than other firms?

b. Data Analysis
ICMAB:

The institution of cost and Management Accountants of Bangladesh (ICMAB) at Nilkhet,

Dhaka, Bangladesh. It is the only institution in the county dedicated to cost and
Management Accounting education and research. It is managed as an autonomous
professional body under the ministry of commerce.

Collecting Information
First they given coaching service how want to be admitted. But coaching was already
closed. They are admitting the student in directly. In that institution Registration fee is
25000 Tk.
Time duration- Full course complete in 2 years. Each course in complete in 6 months.

CA Firm:

Our visited CA Firm Name is Basu Banerjee Nath & CO (Chartered Accountants).
Dhaka Trade Centre (11th Floor), 99 Kazi Nazrul Islam Avenue, kawran Bazar, Dhaka-
1215

Collecting Information:
First they take an admission test. If Student will pass then they take to registration and
taken class. Class hour time is 9:30-5:00 pm. Total course period is 3 years. Total

20
registration fee is 30000tk. (Exemption Fee, 1st attempt course fee, 1st attempt exam fee,
Registration fee, Student text books and course materials) All those fee are added in this
money.
Few months CA firm given some training then they transfer that student in main campus
ICAB. If student want to take internship then they also do the internship in CA firm.

c. Data Source

Primary data
We face to face talked with the office staff of the organization and directly collect
information from them.

Secondary data

We have collected data from the official website of those institutions that we visited and
accessed internet for gathering information.
Information collected from annual audit report, management audit report of
ICMAB and CA firm.
Information collected from the different publications of the Institute of Chartered

6.05 Research Limitation:

We didnt get more information from ICAB, Banerjee Nath & Co.(CA Firm) &
ICMAB. The authority of ICAB, CA Firm & ICMAB didnt co-operate with us to give us
their detail information. ICAB only give us their website address.

6.06 Finding:

If you interested to admit in ca course at first you have to choose a CA Firm then
you want to go there with your all requirement show them then they observe you and
they will select or may not be select for this course.
CA Firm takes an admission test. Student gives Registration fee, and Student collect
text books and course materials in CA firm. Few months CA firm given some
training then they transfer that student in main campus ICAB. Student also doing
internship in CA firm.
From ICAB, we got little information. Like if the students will admit then the whole
result is must be 7 point. Total course is 3 years. Total subject is 21. There have 3

21
 level courses: Knowledge level, Application level Advance stage. You have to take 7
subject for each level.
In ICMAB, Total course complete in 2 years. Every or each course in complete in
6 months.
The registration time in maximum 10 years. You have to complete your course
with in 10 years.

6.07 Recommendation:

In every sector of business and finance both Bangladesh and Internationally, chartered
accountants study give the range of existing career opportunities. Be a chartered
accountant all the students go to the business profession, providing essentials strategic
guidelines expertise, public practice, Government and education. The chartered
accountants mainly carry out audit, financial statements of various organizations as
public Accountants under the banners of approved chartered accountant firm. If we want
to take this course then our career will be bright in future. We can also achieve a
knowledge and higher education certification. But in ICMAB the Working programs must
be properly introduced to the new students and must be followed as much as possible in
each audit engagement. Before going to the client, supervisor or in charge should give
some brief idea about the clients business to all the members of the audit team so that
they can finish their job in time to provide their opinion on the financial statements.

6.08 Conclusion:

In this report we are focus in the ICAB, CA firm, The Institute of Cost and Management
Accountants of Bangladesh (ICMAB) . In order to enable the profession to provide
services of consistently high quality. Chartered Accountancy is the specialized field of
Accounting. A Chartered Accountant is a Professional who is trained in and possesses the
expertise to perform the various types of work such as Accounting, Taxation, Auditing,
Financial Management, Project Appraisal, MIS, IT, Computer Auditing, Consultancy
etc. In certain areas, like audit, they have the monopoly.
The practicing Chartered Accountants mainly carry out audit, inter alia, of financial
statements of various enterprises/organizations as Public Accountants under the banners
of approved Chartered Accountant Firms.
Education and training system of chartered Accountants in such that after qualifying, a
chartered Accountant may go for public practice either on his/her own or in partnership
22
with other Chartered Accountants or he/she may go for employment in trade, commerce,
industry, finance, etc. This institution has been provided leadership in the Development,
Enhancement and Coordination of the accountancy profession in Bangladesh.

Part Seven: Appendix

7.01 References List:

www.ICAB.org.bd
www.ICMAB.org.bd

23
24
25