Regulatory Alerts2026-04-01
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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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