2026-04-01

FEPD-1 Circular No. 07: Audit of applications for export subsidy/cash incentive by Cost and Management Accountant firms

Bangladesh Bank issued FEPD-1 Circular No. 07 to specify that only Cost and Management Accountant (CMA) firms listed in Annexure-A are eligible to audit applications for export subsidies or cash incentives. The directive mandates that each eligible CMA firm may undertake auditing assignments for a maximum of three banks per financial year, while all other instructions from the December 2023 FE Circular No. 20 remain unchanged. Authorized dealers in foreign exchange must promptly disseminate these eligibility criteria and operational limits to their respective clientele.

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Foreign Exchange Policy Department-1 Bangladesh Bank Head Office Dhaka www.bb.org.bd FEPD-1 Circular No. 07 Date: April 01, 2026 All Authorized Dealers in Foreign Exchange in Bangladesh Audit of applications for export subsidy/cash incentive by Cost and Management Accountant firms Dear Sirs, Please refer to FE Circular No. 20, dated December 03, 2023 regarding appointment of Cost and Management Accountant (CMA) firms for auditing of applications for export subsidy/cash incentive. 02. It has been decided that, for the purpose of auditing applications for export subsidy/cash incentive, the CMA firms enlisted by Bangladesh Bank as per the attached list (Annexure-A) shall be considered eligible. In this regard, the instructions contained in the aforesaid FE Circular No. 20, dated December 03, 2023 shall remain applicable. A CMA firm may undertake auditing assignments for a maximum of 3 banks in a particular financial year. All other instructions contained in the relevant FE Circulars/Circular Letters related to export subsidy/cash incentive shall remain unchanged. Please bring the contents of this circular to the notice of your clientele. Yours faithfully, (Md. Harun-Ar-Rashid) Director (FEPD-1) Phone: 9530123

50120 Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh Annexure-A (Refer to Paragraph 02, FEPD-1 Circular No. 07/2026) List of eligible Cost and Management Accountant (CMA) firms for auditing applications for export subsidy/cash incentive: SL Name of firm 1 A. HANNAN & CO. 2 HOSSAIN & CO. 3 MUJIBUR RAHMAN & CO. 4 PODDER & ASSOCIATES 5 SAFE-Q ASSOCIATES & CO. 6 SAIFUR ENAYET & ASSOCIATES 7 SAM & ASSOCIATES Phone-88-02-9550448, 9554896, IP : 88-02-55665001-6, Fax 88-02-9530479, www.bb.org.bd