Bangladesh’s Financial Reporting Council (FRC), the body overseeing audit firms and auditors, is facing operational constraints because permanent staff recruitment is stalled by litigation and four proposed regulations remain unapproved. The FRC began operations in April 2016 but has yet to appoint permanent personnel, relying on 25 to 30 student interns. Its chairman, Sajjad Hossain Bhuiyan, resigned after being appointed an Anti-Corruption Commission commissioner on Monday, raising concerns about further delays until a new chairman is named.

The FRC submitted four regulations to the Finance Division nearly a year ago: administrative penalties, financial statement submission, accounting and appellate authority, and chartered legal fees. Joint Secretary Syed Rashedul Hossain said work on the administrative penalties regulation was complete and it was being sent to the Law Ministry for vetting, while amendments to the other three were under way.

A recruitment notice for 57 posts was issued on December 31, 2025, but a court case halted the process. The FRC has sought approval to recruit the remaining 93 of 150 proposed staff. Until an appellate authority is formed, aggrieved parties may seek review from the FRC Council under an August 11 notice.