Institute of Cost and Management Accountants of Bangladesh

The Institute of Cost and Management Accountants of Bangladesh

Type	The national body of the professional Cost and Management Accountants of Bangladesh
Established	1977 (1977)
Affiliation	International Federation of Accountants and International Accounting Standards Board
President	Prof. Dr. Md. Salim Uddin FCMA
Vice-president	Mr. Mahtab Uddin Ahmed FCMA and Mr. Md. Akhtaruzzaman FCMA
Students	30,000
Location	Dhaka , Bangladesh
Campus	Bogra District, Chattogram, Comilla, Dhaka (main), Jessore, Khulna, Rajshahi
Website	icmab.gov.bd

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is an institution dedicated to Cost and Management Accounting education and research in Bangladesh. It is managed as an autonomous professional body under the Ministry of Commerce. As well as education, it is also engaged in regulating and promoting the profession of cost and management accountant in Bangladesh.[1][2][3]

History

In 1972, the institute was re-established in the name of Bangladesh Institute of Industrial Accountants again. The Government of Bangladesh renamed it as The Institute of Cost and Management Accountants of Bangladesh through promulgation of The Cost and Management Accountants Ordinance 1977 (Ordinance No LIII of 1977).[4]

ICMAB members are known as CMAs with their designatory title ACMA and FCMA. They play leading roles in the accountancy and finance profession in Bangladesh. 30% of members live and work outside of Bangladesh.[4][5]

International association

ICMAB is a member of the following international accounting bodies:

• International Federation of Accountants (IFAC)
• Confederation of Asia Pacific Accountants (CAPA)[6]
• South Asian Federation of Accountants (SAFA)[7]
• International Accounting Standard Board (IASB)[8]

National and international recognition

The ICMAB qualification is recognised by many professional bodies nationally and internationally. The bodies that have granted exemption to ICMAB members or qualified students are:

• Chartered Institute of Management Accountants (CIMA), UK[9]
• Association of Chartered Certified Accountants (ACCA), UK
• Institute of Management Accountants (IMA), US
• Society of Management Accountants of Canada (CMA Canada)
• Certified General Accountants Association of Canada (CGA-Canada)
• Institute of Certified Financial Consultants (IFC), the United States and Canada
• Institute of Certified Public Accountants (ACPA), US
• Institute of Public Accountants (IPA), Australia
• Institute of Chartered Accountants of Bangladesh (ICAB)

References

1. Vision & Mission, ICMAB
2. "ICMA admission". The Daily Star. 28 July 2008. Retrieved 3 August 2019.
3. "Poor management creates poverty for Bangladesh". The Daily Star. 14 December 2007. Retrieved 3 August 2019.
4. Institute of Cost and Management Accountants official website
5. "Home".
6. "Home". capa.com.my.
7. "Home". esafa.org.
8. "IASB home". Archived from the original on 22 May 1997. Retrieved 24 January 2020.
9. "CIMA Membership". CIMA. Retrieved 15 October 2015.