Speakers at a conference said Financial Reporting in Insurance Sector of Bangladesh is facing setback due to some grey areas between the International Financial Reporting Standard (IFRS) and existing local rules and regulations.

Mahmudul Hasan Khusru took over the charge as the President of the Institute of Chartered Accountants of Bangladesh (ICAB) for the year 2021 at a formal ceremony held at ICAB Auditorium on Thursday.