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‘Cost accountants play crucial role in economy’


Published : 05 Jan 2021 08:27 PM

Commerce Secretary, Dr. Md. Jafar Uddin said cost accountants can play a great role for development and bringing clarity in our economy. 

He said the government will take necessary steps for further improvement of the qualitative standard and development of this profession and also for the Institutions. 

Commerce Secretary was addressing the Inaugural Ceremony of a workshop on ‘Cost Audit’, organised by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) at ICMAB Ruhul Quddus Auditorium on Monday. 

AKM Delwer Hussain FCMA, President, South Asian Federation of Accountants (SAFA) and CMA Biswarup Basu, President, The Institute of Cost Accountants of India (ICAI) attended as special guests.

While addressing, AKM Delwer Hussain FCMA said that, CMA professionals can create a great impact by putting their expertise for ensuring clarity in various economic aspects. 

He urged the government to create more scope for the CMA professionals in relevant fields so that they can give their effort for the development of this country remembering the effort of Commerce Ministry to establish the identity of CMA professionals as Cost Auditor.

ICMAB President Md. Jasim Uddin Akond FCMA emphasized particularly on ensuring Cost Audit Certification by a professional CMA firm or professional for every listed companies.

He said that CMA professionals can create a great impact by putting their expertise for ensuring clarity in various economic aspects. 

Council Member & Past President of ICMAB and Chairman, Cost Audit & Professional Consultancy Cell Committee Abu Sayed Md. Shaykhul Islam FCMA also gave speech and highlighted about the necessity of cost audit in all relevant sector of the economy.

Md. Ali Haider Chowdhury FCMA, Treasurer, ICMAB moderated the entire program connecting the audience and discussants and also gave his analysis regarding the occasion. Abu Bakar Siddique FCMA, Vice President, ICMAB gave the vote of thanks to the participants and audience of the program.