Bida to use ICAB doc verification

Bangladesh Investment Development Authority (Bida) and the Institute of Chartered Accountants of Bangladesh (ICAB) have signed a memorandum of understanding recently, enabling Bida to use a document verification system of the ICAB to verifying the authenticity of audited financial statements of different entities. 

The ICAB has similar arrangements with the National Board of Revenue, Financial Reporting Council, Bangladesh; Bangladesh Securities and Exchange Commission, NGOs Affairs Bureau and the Registrar of Joint Stock Companies and Firms.

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Md Shahadat Hossain, president of the ICAB, and Mohsina Yasmin, executive member for international investment promotion at Bida, inked the deal at the latter's office in Dhaka, said a press release.

Md Sirazul Islam, executive chairman of Bida, Shah Mohammad Mahboob, director general, and Fouzia Haque, vice-president of the ICAB, were present.