MoU between ICAB, CPA Ireland

ICAB President Masih Malik Chowdhury FCA and Executive Director of CPA Ireland Eamonn Siggins on behalf of their respective Institute have signed a Memorandum of Understanding (MoU) in ICAB Council Hall on 26 July 2015.

State Minister, Ministry of Finance and Ministry of Planning MA Mannan , MP graced the occasion as the Chief Guest. ICAB Council Member & Past Presidents Md. Syful Islam FCA, Md Abdus Salam FCA, Council Members Dewan Nurul Islam FCA, Md. Shahadat Hussain FCA, DSC_0384World Bank Management Specialist Suraiya Jannath FCA, CPA Ireland Specialist in Public Sector Financial Management Dr. Wayne Bartlett, ICAB Secretary AKM Rahmat Ullah FCA, World Bank Project Adviser Burhanuddin Ahmed FCA, Technical Adviser M Emdadul Haque FCA and Technical Director Mahbub Ahmed Siddique FCA were present in the occasion.

The Institute of Chartered Accountants of Bangladesh (ICAB) and the Institute of Certified Public Accountants in Ireland (CPA Ireland) have signed the MoU to establish a partnership relating to the distribution of unique online CPA Certificate in International Public Sector Accounting Standards (IPSAS)™ Financial Reporting in Bangladesh. This agreement builds on a strategic partnership, which includes mutual pathways to membership, signed between the two bodies in 2012.

This agreement was signed during a high level conference on International Public Sector Accounting Standards which was organised in Dhaka by ICAB and delivered by CPA Ireland in 25-26 July 2015.

Bangladesh has commenced its journey towards accrual based IPSAS™ and the Institute of Chartered Accountants of Bangladesh, as the Regulator of the Profession of Accountants in Bangladesh, is poised and ready to assist Government on this journey. We are now enabled to deliver world class education in IPSAS™ to all of those involved in government accounting and audit at every level.”

“We are pleased that ICAB has decided to partner with CPA Ireland in the delivery of IPSAS™ training in Bangladesh”, said Eamonn Siggins, CEO,CPA Ireland.”

“Governments and the public around the world are increasingly pressing for good management of public finances. We, as accountants must lead from the front and be involved in every conversation about public sector accounting.”

“This new phase in our partnership between CPA Ireland and ICAB will help ensure that strengthened public financial management is delivered in Bangladesh.”

This partnership brings to five the number of international partnerships entered into by CPA Ireland to deliver the IPSAS™ programme in international markets. Bangladesh now joins South Africa, Nigeria, Russia and Belarus in providing IPSAS™ education in partnership with CPA Ireland.