Bangladesh Bank authorises 7 CMA firms for export incentive audits

Bangladesh Bank has enlisted seven Cost
and Management Accountant (CMA) firms to conduct audits of applications for
export subsidies and cash incentives, according to a central bank directive
issued today (1 April).
In a circular
issued to all authorised dealer banks, the central bank said each approved CMA
firm may undertake auditing assignments for up to three banks in a given
financial year.
The seven approved
CMA firms are A. Hannan & Co, Hossain & Co, Mujibur Rahman & Co,
Podder & Associates, Safe‑Q Associates & Co, Saifur Enayet &
Associates and SAM & Associates.
Previously, only chartered accountant
firms were permitted to carry out these audits.
Bangladesh Bank
expects the move will help ensure greater transparency in the distribution of
export incentives and speed up the audit process.
















