DISAGREEMENTS HAVE SLOWED BANGLADESH AUDIT REFORM, BUT DEAL SEEMS TO HAVE BEEN SECURED
October 1st, 2014
The Bangladesh cabinet on Monday (Nov 10) finally proposed a long awaited law to regulate Bangladesh’s audit profession, which had been stalled amidst disagreements between auditors and management accountantsA draft Financial Reporting Act will now be presented for a vote by the country’s parliament, the Jatiyo Sangshad, although the government has yet to release full details. It is seen as a critical weapon to deter companies from falsifying their books to inflate stock prices, aided by corrupt accountants.The decision follows a promise last month (October) ...
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