ABSTRACT
Bangladesh gained independence in 1971 after a nine-month-long war against the government of Pakistan. This chapter explains the regulation of the capital market. The capital market (stock market) of Bangladesh has limited exposure to the rest of the world, even though investment in the Bangladeshi capital market by local investors is crucial for Bangladesh to maintain economic growth. The chapter discusses some issues related to accounting policymaking, while the fourth focuses on auditing standards. The institutional setup of corporate regulation in Bangladesh consists of six major regulators: the Registrar of Joint Stock Companies (RJSC), the BSEC, the Bangladesh Bank (BB), the Insurance Development & Regulatory Authority (IDRA), the Institute of Chartered Accountants of Bangladesh (ICAB), and the Monitoring Cell of the MoF. The chapter provides some information about the accounting profession in Bangladesh. The accounting profession in Bangladesh has to reform to cater to the changing business environment.
