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Change Your Life! |
Banks
urged to apply international standards |
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News |
July 4, 2000
Dhaka
(UNB)- Banking experts yesterday advised the banks to apply international
accounting standards in preparing accurate and transparent financial
reports, reflecting their real position. The
suggestion came from a discussion on “Application of IAS-30 in Banks”
at the Bangladesh Institute of Bank Management (BIBM). BIBM
director general Dr Muinul Islam presided over the function where
Bangladesh Bank Executive Director Murshid Kuli Khan and deputy general
manager Asim Kumar Dasgupta jointly presented a keynote. BIBM
professor Dr Sujit Saha in association with assistant professor Saidur
Rahman presented another paper. ICAB
(Institute of Chartered Accountants Bangladesh) council member Anwaruddin
Chowdhury FCA was the designated discussant. Some 50 senior executives of
different banks and financial institutions also participated in
discussion.
Dr
Muinul Islam said the banks should prepare and publish their financial
reports as per international accounting standards to disclose the real
health of the banks. Murhsid
Kuli Khan emphasised disclosure of financial information of banks and
financial institutions in their own interest. “A
sound and well-managed bank may be benefited when it provides
comprehensive, accurate, relevant and timely information on its financial
conditions and performances to the market.”
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