Dhaka, June 18 -- The Institute of Chartered Accountants of Bangladesh (ICAB) has condemned and unequivocally refuted several misinformation made by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) in their press conference held on Tuesday, regarding audit rights and professional standing of Chartered Accountants.

In a statement on Wednesday, the institute said, "ICAB is fully committed to upholding the highest standards of financial reporting, auditing, and corporate governance. Our members are uniquely qualified and play an indispensable role in ensuring transparency, accountability, and sustainable economic growth for the nation."

The ICAB clarified some points to reject misrepresentations made by ICMAB in the p...