bd-financial-statements

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• SKILL.md

SKILL.md (first lines)

# 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](https://www.openaccountants.com).

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-06-12. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `bd-financial-statements` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/bd-financial-statements. If neither is available, confirm every figure against the official source pages cited above before relying on it.

From openaccountants/openaccountants, AGPL-3.0.