Dhaka, June 18 -- The Institute of Chartered Accountants of Bangladesh (ICAB) has issued a strong condemnation and refutation of what it calls "misleading information" spread by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) regarding audit rights and the professional standing of Chartered Accountants.

In a press release issued on Wednesday, ICAB stated that ICMAB's claims were made during a press conference held on Tuesday (June 17). The ICAB affirmed its commitment to upholding the highest standards of financial reporting, auditing, and corporate governance, emphasizing the indispensable role its members play in ensuring transparency, accountability, and sustainable economic growth for the nation.

The ICAB clar...