CIPFA, ICAB renew MOU to strengthen public financial management

The Chartered Institute of Public Finance and Accountancy (CIPFA), UK, and the Institute of Chartered Accountants of Bangladesh (ICAB) have renewed their commitment to strengthening public financial management by re-signing a Memorandum of Understanding (MoU) on 18 November 2025, at the CIPFA office in London.

The renewed collaboration reflects a shared ambition to promote excellence, integrity, and innovation in the profession. During the meeting, the two institutes discussed several priority areas shaping the future of public finance, including expanding pathways into the profession through improved education, training, and membership recognition; the evolving relationship between public and private sectors, particularly the role of state-owned enterprises; joint work to advance public sector financial management in Bangladesh; and strengthening forensic accounting and anti-corruption initiatives.

ICAB President, NKA Mobin FCA; Vice-Presidents, Suraiya Zannath FCA and Md Rokonuzzaman FCA; and Chief Operating Officer, Mahbub Ahmed Siddique FCA, represented ICAB. The CIPFA side included CEO, Owen Mapley; Chief Operating Officer, Anna Blackman; Senior Lead – International Partnership, Steve Watkin; and Head of Qualification and Membership, Anna Howard.

Leaders from both organisations expressed confidence that the renewed MoU will drive impactful progress and reinforce professional standards globally.