Financial Reporting Act (FRA), 2015: A Revolutionary Era for Ensuring Effective Capital Market and Economic Development in Bangladesh

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Md. Sahadat Hossen
Md. Sahadat Hossen
α People's University of Bangladesh

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Financial Reporting Act (FRA), 2015: A Revolutionary Era for Ensuring Effective Capital Market and Economic Development in Bangladesh

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Abstract

Financial Reporting Act (FRA), 2015 is an excellent initiative for ensuring transparency and accountability in accounting and auditing profession in Bangladesh. Auditing is the key pillar of public confidence in corporate governance and reporting and the part of an integrated financial reporting supply chain that includes financial managers, directors, accountants and regulators domestically and internationally. Like other countries of the world, corporate failures and scandals are a bit linked with the accounting profession associated companies in Bangladesh as a result the need for monitoring the auditing and accounting activities grows louder after the recent crisis in the capital market. This study has conducted a SWOT analysis on FRA, 2015.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Md. Sahadat Hossen. 2016. \u201cFinancial Reporting Act (FRA), 2015: A Revolutionary Era for Ensuring Effective Capital Market and Economic Development in Bangladesh\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 16 (GJMBR Volume 16 Issue D1): .

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Issue Cover
GJMBR Volume 16 Issue D1
Pg. 13- 20
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-D Classification: JEL Code: M49
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v1.2

Issue date

April 8, 2016

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en
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Financial Reporting Act (FRA), 2015 is an excellent initiative for ensuring transparency and accountability in accounting and auditing profession in Bangladesh. Auditing is the key pillar of public confidence in corporate governance and reporting and the part of an integrated financial reporting supply chain that includes financial managers, directors, accountants and regulators domestically and internationally. Like other countries of the world, corporate failures and scandals are a bit linked with the accounting profession associated companies in Bangladesh as a result the need for monitoring the auditing and accounting activities grows louder after the recent crisis in the capital market. This study has conducted a SWOT analysis on FRA, 2015.

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Financial Reporting Act (FRA), 2015: A Revolutionary Era for Ensuring Effective Capital Market and Economic Development in Bangladesh

Md. Sahadat Hossen
Md. Sahadat Hossen People's University of Bangladesh

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