ABC Journal of Advanced Research, Volume 4, No 1 (2015) ISSN 2304-2621(p); 2312-203X (e) CC-BY-NC 2014, i-Proclaim | ABCJAR Page 27 Evaluation of the Legal Framework and Accounting Standards: A Study on Mobile Telecommunication Companies in Bangladesh Taposh Kumar Neogy Assistant Professor (Accounting), Institute of Business Administration (IBA), National University, Rajshahi, BANGLADESH Corresponding Contact: Email: taposhknru_bd@yahoo.com Cell Phone: +8801843322422 ABSTRACT This present study analysis the application of legal framework and compliance with accounting standards of the selected mobile telecommunication companies in Bangladesh. In the analysis of the opinions of the respondents, it is evident that the most of the respondents think that the selected mobile telecommunication companies moderately apply legal framework for preparing the financial statements and the null hypothesis is accepted which means that there is no significant difference of opinions among the respondents regarding the application of legal framework for preparing the financial statements of the selected companies. It is also evident that most of the respondents think that the selected mobile telecommunication companies moderately comply with accounting standards for preparing the financial statement and the null hypothesis is rejected which indicates that there is significant difference of opinions among the respondents regarding the degree of compliance with accounting standards for preparing the financial statements of the selected mobile telecommunication companies. Keywords: Accounting Standards, Mobile Telecommunication Companies, Legal Framework Evaluation, Bangladesh 4/25/2015 Source of Support: Nil, Conflict of Interest: None Declared. How to Cite: Neogy TK. 2015. Evaluation of the Legal Framework and Accounting Standards: A Study on Mobile Telecommunication Companies in Bangladesh ABC Journal of Advanced Research, 4, 27-38. This article is is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. Attribution-NonCommercial (CC BY-NC) license lets others remix, tweak, and build upon work non-commercially, and although the new works must also acknowledge & be non-commercial. INTRODUCTION Mobile telecommunication companies have emerged as an important economic sector in present time and it is adding a lot in boosting up the economy of Bangladesh. The mobile telecommunication companies in Bangladesh are aiming at providing cost effective and quality services to the customer as customer satisfaction is most important for the survival and success of any company. Economic development depends on some basic elements and telecommunication is one of them. Modern telecommunication technology has developed