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âProduction of multiple financial statements of companies to be stoppedâ
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DHAKA, Dec 22, 2020 (BSS) – Chairman of Financial Reporting Council (FRC) Hamid Ullah Bhuiyan today said if the Document Verification System (DVS) becomes effective, the production of two or three types of financial statements will be stopped.
The FRC Chairman said this at an MoU signing ceremony today.
With a view to ensuring transparency and accountability and strengthening the monitoring and review system of the audited Financial Statements, the FRC under the Ministry of Finance, signed an MoU regarding the use of DVS, with the Institute of Chartered Accountants of Bangladesh (ICAB) at its Auditorium today.