The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is an institution dedicated to Cost and Management Accounting education and research in Bangladesh. It is managed as an autonomous professional body under the Ministry of Commerce. As well as education, it is also engaged in regulating and promoting the profession of cost and management accountant in Bangladesh.ICMAB members are known as CMAs with their designatory titles ACMA and FCMA. They play leading roles in the accountancy and finance profession in Bangladesh. 30% of members live and work outside of Bangladesh.In 1972, the institute was re-established in the name of Bangladesh Institute of Industrial Accountants again. The Government of Bangladesh renamed it The Institute of Cost and Management Accountants of Bangladesh through the promulgation of The Cost and Management Accountants Ordinance 1977. Works to promote and develop the adoption of scientific methods in cost and management accountancy, to develop the Cost and Management Accountancy function as a powerful tool of management control in all spheres of economic activities, helping the professional body of members and equip them fully to discharge their functions and fulfill the objectives of the Institute in the context of the developing economy to keep abreast of the latest developments in the cost and management accounting principles and practices, to incorporate such changes are essential for sustained vitality of the industry and other economic activities.