| name | bd-financial-statements |
| description | > Use this skill whenever asked about financial statements and accounting reporting in Bangladesh. Trigger on phrases like "Bangladesh financial statements", "do I file accounts as sole proprietor Bangladesh", "RJSC financial statements", "IFRS Bangladesh", "BFRS", "audit requirement Bangladesh". Explains that sole proprietors file accounts with the tax return rather than statutory statements, and what companies must prepare under BFRS/IFRS and file with RJSC. ALWAYS read before any Bangladesh financial-reporting work. |
| license | AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content) |
| metadata | {"source":"openaccountants","jurisdiction":"BD","category":"international","quality":"source-cited draft","openaccountants_url":"https://openaccountants.com/skills/bd-financial-statements","tax_year":2026,"obligation":"FS"} |
Bangladesh Financial Statements & Reporting — Skill v1.0
General reference only. This skill is general tax/accounting reference material for AI-assisted workflows. It has not been reviewed for any specific person's facts, documents, elections, deadlines, residency, filing status, or local procedures. Do not rely on it to file, pay, amend, or take a tax position without review by a qualified professional in the relevant jurisdiction.
Section 1 — Quick Reference
| Field | Value |
|---|
| Sole proprietor / freelancer | No statutory financial statements — keeps accounts and files the NBR e-Return (see bd-bookkeeping) |
| Partnership | Accounts supporting the return |
| Company (Pvt/Public Ltd) | Financial statements under BFRS (Bangladesh Financial Reporting Standards, adopting IFRS / IFRS for SMEs), audited by an ICAB-member firm, filed with RJSC |
| Audit | Companies require a statutory audit; the financial statements + audit are filed with RJSC and the NBR |
| Authorities | NBR (tax); RJSC (companies); ICAB (audit profession) |
| Currency | BDT (৳) |
| Quality tier | Research-verified — pending sign-off by a Bangladeshi practitioner |
| Skill version | 1.0 |
Section 2 — Who prepares what (Tier 1)
- Sole proprietor / freelancer: no statutory financial statements. The obligation is the NBR e-Return supported by simple accounts (income, expenses, bank, asset register). This is the key point for most freelancers.
- Partnership: maintains accounts to support its return; no RJSC financial-statement filing.
- Company: prepares financial statements under BFRS (IFRS as adopted, or IFRS for SMEs for smaller companies), has them audited by an ICAB-member firm, and files with RJSC (and attaches audited accounts to the income-tax return).
Section 3 — Worked example
A solo IT freelancer (sole proprietorship): prepares no statutory financial statements — files the NBR e-Return with supporting accounts. If they incorporate a Private Ltd, BFRS statements + a statutory audit + RJSC filing begin.
Section 10 — Prohibitions
- NEVER tell a sole proprietor/freelancer they must file statutory financial statements (they file the e-Return).
- NEVER assume full IFRS for a small company — IFRS for SMEs / the size-based standard may apply.
- NEVER state audit/filing thresholds without verifying the Companies Act / RJSC rules.
Disclaimer
Informational only; not advice. Verify reporting standards, audit, and RJSC filing obligations with RJSC, ICAB, and the NBR. All outputs must be reviewed and signed off by a qualified Bangladeshi practitioner. Maintained at openaccountants.com.
Source: OpenAccountants — open tax Guides for AI, reviewed by named CPAs/CAs/EAs. Quality: source-cited draft. For always-current figures and named-accountant backing, connect the OpenAccountants MCP server (openaccountants-mcp).
