GOBD stands for Typically Accepted Accounting Rules for Bangladesh. It’s the accounting framework utilized in Bangladesh to make sure that monetary statements are ready in a constant and clear method. GOBD relies on the Worldwide Monetary Reporting Requirements (IFRS), that are utilized in over 140 nations world wide.
GOBD is necessary as a result of it helps to make sure that monetary statements are correct and dependable. That is important for traders, collectors, and different customers of monetary statements to make knowledgeable choices. GOBD additionally helps to advertise transparency and accountability within the monetary reporting course of.
