Bangladesh's audit ecosystem, though in need of reform and expansion, should not be reduced to a turf war between professional bodies.
All these troubled banks were externally audited, and received clean chits. Yet, we see very little discussion regarding such audit failures.
Simplification of tax administration and proper infrastructure development are needed to attract more foreign direct investment (FDI) in Bangladesh, analysts said in a roundtable today.
The government has made a timely proposal to impose 12 per cent tax on general industries and 10 per cent on green industries, the Institute of Chartered Accountants of Bangladesh (ICAB) said today.
