REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH
Md. Ismail Hossain(1) and Dr. Md. Ferdausur Rahman PhD(2) 133rd BCS (General Education) Cadre Officer & Lecturer, Department of Accounting Hasanpur Shahid Nazrul Govt. College, Daudkandi, Cumilla. E-mail: ismail9087@gmail.com 2Associate Professor, Department of Science and Humanities Military I...
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| Format: | Article |
| Idioma: | anglès |
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R&D Wing, MIST
2020
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| Accés en línia: | http://hdl.handle.net/123456789/508 |
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| author | Hossain, Md. Ismail Rahman PhD, Dr. Md. Ferdausur |
| author_browse | Hossain, Md. Ismail Rahman PhD, Dr. Md. Ferdausur |
| author_facet | Hossain, Md. Ismail Rahman PhD, Dr. Md. Ferdausur |
| author_sort | Hossain, Md. Ismail |
| collection | DSpace |
| description | Md. Ismail Hossain(1) and Dr. Md. Ferdausur Rahman PhD(2)
133rd BCS (General Education) Cadre Officer & Lecturer, Department of Accounting
Hasanpur Shahid Nazrul Govt. College, Daudkandi, Cumilla.
E-mail: ismail9087@gmail.com
2Associate Professor, Department of Science and Humanities
Military Institute of Science & Technology (MIST), Mirpur Cantonment, Dhaka-1216
E-mail:ferdaus806@gmail.com |
| format | Article |
| id | oai:localhost:123456789-508 |
| institution | My University |
| language | English |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | R&D Wing, MIST |
| publisherStr | R&D Wing, MIST |
| record_format | dspace |
| spelling | oai:localhost:123456789-5082020-06-10T05:09:09Z REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH Hossain, Md. Ismail Rahman PhD, Dr. Md. Ferdausur Compliance, IFRS, Bank, Foreign Commercial Banks, Md. Ismail Hossain(1) and Dr. Md. Ferdausur Rahman PhD(2) 133rd BCS (General Education) Cadre Officer & Lecturer, Department of Accounting Hasanpur Shahid Nazrul Govt. College, Daudkandi, Cumilla. E-mail: ismail9087@gmail.com 2Associate Professor, Department of Science and Humanities Military Institute of Science & Technology (MIST), Mirpur Cantonment, Dhaka-1216 E-mail:ferdaus806@gmail.com This paper is aimed to scrutinize the existing reporting standard for the Foreign Commercial Banks in Bangladesh and find out the extent of compliance by them. Banking industry’s nature of operation is totally different from others. Recognizing this aspect some specific IFRSs (International Financial Reporting Standards) have been prescribed for them. One of which is IFRS # 7 (Financial Instruments: Disclosures) which was formulated by IASB in 2004 and obliged to comply from on after 1st January, 2007 n the Annual Reporting. Institute of Chartered Accountants of Bangladesh (ICAB) prescribed to comply with IFRS # 7 from on or after 1st January, 2010 in Bangladesh. Hence compliance of IFRS 7 is of immense importance here. Scrutinization has been operated on 9 Foreign Commercial Banks. As per requirement, all the Foreign Commercial Banks are required to comply with the standard to uphold the stakeholders’ interest inspite of possessing the large portion ownership by the Foreigners. And the result of the study shows that all of the Foreign Commercial Banks compliance almost 68.18% of the IFRS # 7 requirements. Finally this study recommend on the degree of compliance for the Foreign Commercial Banks financial reporting. 2020-06-10T05:09:09Z 2020-06-10T05:09:09Z 2018-12 Article 2224-2007 http://hdl.handle.net/123456789/508 en application/pdf R&D Wing, MIST |
| spellingShingle | Compliance, IFRS, Bank, Foreign Commercial Banks, Hossain, Md. Ismail Rahman PhD, Dr. Md. Ferdausur REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH |
| title | REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH |
| title_full | REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH |
| title_fullStr | REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH |
| title_full_unstemmed | REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH |
| title_short | REGULATORY COMPLIANCE OF IFRS # 7: A STUDY ON THE FOREIGN COMMERCIAL BANKS OF BANGLADESH |
| title_sort | regulatory compliance of ifrs 7 a study on the foreign commercial banks of bangladesh |
| topic | Compliance, IFRS, Bank, Foreign Commercial Banks, |
| url | http://hdl.handle.net/123456789/508 |
| work_keys_str_mv | AT hossainmdismail regulatorycomplianceofifrs7astudyontheforeigncommercialbanksofbangladesh AT rahmanphddrmdferdausur regulatorycomplianceofifrs7astudyontheforeigncommercialbanksofbangladesh |