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Bangladesh aligning accounting framework with global standards

Bangladesh has been making significant strides in aligning its accounting framework with international standards, which is making it easier for investors to understand and engage with public authorities. ....

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'Banks to loss 40% assets if follow global standards'

If the banks follow the International Financial Reporting Standards (IFRS) properly then the banks’ asset will be eroded by 40 per cent due to the carry-over classified loans, said Md Hamid Ullah Bhuiyan, chairman of Financial Reporting Council (FRC). ....

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Banks may lose 40% assets if global standards followed

Banks and non-banks in Bangladesh are not properly following the International Financial Reporting Standard (IFRS) and so, the real picture is not seen in their financial reports, said Md Hamid Ullah Bhuiyan, chairman of Financial Reporting Council (FRC). ....

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