The partnership between the two bodies was sealed at a ceremony in Dhaka, Bangladesh’s capital city. It will allow accountancy students in Bangladesh to study for the CIPFA qualification in international public financial management, which is based on International Public Sector Accounting Standards.

Speaking at the launch, Adrian Pulham, CIPFA’s education and training director, said: ‘The launch of this new partnership is a significant contribution to the stability of public finances in Bangladesh and ensures specialist training for government and public sector staff in good public financial management.

‘It demonstrates how CIPFA’s continued international growth is helping to ensure that the next generation of public sector managers across the world have the skills and expertise necessary to effectively lead and manage their country’s public services.’

M A Kalam, LCBS’s chief executive, added the partnership was a ‘milestone’ for both parties, and the first of its kind in the world.

‘I hope that LCBS Dhaka, being the first global Accredited Training Provider, will be a role model for all future ATPs established elsewhere and wish this new CIPFA ATP scheme great success.’

The ceremony was attended by Robert Gibson, British High Commissioner to Bangladesh, and by Masud Ahmed, the country’s comptroller and auditor general.

Ahmed was elected as an honorary member of CIPFA in recognition of his ongoing commitment to improving public financial management.