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April 30, 2012

Bangladesh adopts IFRS for SMEs

SMEs in Bangladesh are to adopt IFRS for SMEs starting January 2013, according to the Institute of Chartered Accountants of Bangladesh.

The commerce secretary of the Bangladesh Ministry of Finance Ghulam Hussain said SMEs dominate the business in the country and such acceptable high quality standard is very much significant for SMEs in Bangladesh.

The International Accounting Standards Board issued the IFRS for SMEs in 2009.

 

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