Regulatory Alerts2023-12-03
Added
FEPD Circular No. 20: Appointment of Cost and Management Accountants (CMA) firms for Auditing of Cash Incentive/Export Subsidy
By government decision, Cost and Management Accountants (CMA) firms can now be appointed by respective banks to audit export incentive/cash assistance applications for the current fiscal year 2023-2024. This appointment is contingent upon the CMA firms' inclusion in the latest list published by the Financial Reporting Council (FRC) and their enlistment with Bangladesh Bank. Banks seeking to appoint CMA firms must submit an application to Bangladesh Bank, providing justification and relevant firm details. All existing instructions from previous circulars regarding export incentives/cash assistance will remain applicable.
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