For listed companies under the Securities and Exchange Commission (SEC) rules, adopted BFRS are legally enforceable.
In order to promote and regulate the Cost and Management Accounting profession in the country, the ICMAB was established.
To students interested in pursuing a career in this field, the institute offers training and education and highly recognized CMA degrees on fulfillment of their qualifications.
By promoting and regulating Cost and Management Accounting they want to improve the quality of life and economic competitiveness which will eventually lead to helping Bangladesh become and industrialized nation.
The institute's mission is to provide better service to the society by having its members maintain the highest professional standard while developing, equipping, and promoting the Cost and Management Accounting profession.
The ultimate goal of this is to develop Bangladesh's natural and human resources to enrich the shared future of the country and to ensure common welfare.