Institute of Cost and Management Accountants of Bangladesh (ICMAB)

Institute of Cost and Management Accountants of Bangladesh (ICMAB)

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is the national body of the professional Cost and Management Accountants of Bangladesh. Established with the prime objective of promoting and regulating the Cost and Management Accounting profession in the country, the Institute offers education and training to the students interested to pursue career in this field and provides highly recognized CMA degree on fulfillment of requisite qualification. The Institute undertakes research in relevant fields and is the sole authority to issue practicing license to its members.

The Institute has a long heritage of rendering professional services to the nation. The journey of the glorious Profession of Cost and Management Accounting began in the pre-independent Bangladesh with the founding of a branch of The Pakistan Institute of Industrial Accountants (PIIA) in 1958. As we started a fresh journey towards success and prosperity in independent Bangladesh, the profession entered into a new era. In 1972, the Institute was re-established in the name of Bangladesh Institute of Industrial Accountants (BIIA). Thereafter, the members of the Institute through their excellence in various fields proved their credibility in the national and international outfit which started building the credentials for the Institute for gaining acceptability from all concerned and to attain confidence of the government and business community of the country. With the changing need of time the Government of Bangladesh renamed it as The Institute of Cost and Management Accountants of Bangladesh (ICMAB) through promulgation of The Cost and Management Accountants Ordinance 1977 (Ordinance No. LIII of 1977), which was published in the official Gazette on 14 November 1977. Considering the active role of Cost and Management Accountants for accelerated growth of Bangladesh economy, a new Act of Parliament “Cost and Management Accountants Act 2018” ( Act No. LXX of 2018) has been passed by the Parliament on 29th October 2018 and published in the official Gazette on 14 November 2018, after a 48-year arduous journey, the chronicle of success earned by our predecessors has brought us to the place where we stand today.