Commerce Secretary Dr. Md. JafarUddinon Monday said that his ministry will take necessary steps to implement cost audit soon within a short period of time.
Mentioning that the Cost and Management Accounting is a noble profession he said that it ensures clarity and explanation in accounting system.
Commerce Secretary was addressing a discussion session titled -"Treatment of Various items of Cost in Light of the Covid-19”on Monday evening as chief guest, organized by the Institute of Cost and Management Accountants of Bangladesh (ICMAB). Vice President of South Asian Federation of Accountants (SAFA) and Past President of ICMAB, A KM. DelwerHussain FCMA were present as special guest.
JafarUddinalso said thatPrime Minister took some strong initiative and efforts, and that’s why our economy is still doing well. Our production and export are going with nice flow and that’s why giving everyone proper stimulus package was possible. Jafaruddin also ensured funding for the vertical extension of ICMA building and research works.
Addressing as special guest DelwerHussain FCMA drew attention of chief guest by discussing the importance of cost audit implementation for the development of national economy.
He said that, CMA professional need their proper share and right for working. He thanked the chief guest for always being there for this Institute and its development as a guardian.
ICMAB President Md. JasimUddinAkond FCMA thanked all the honorable guest and participants, and 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.
Mohammad Shaheed FCMA, Managing Partner, AUDIICOST, Cost & Management Accountants gave a detailed Presentation on -"Treatment of Various items of Cost in Light of the Covid-19”.
Abul Bashir Khan FCMA Chief Financial Officer, SMC Enterprise Limited participated as commentator on this presentation.
Vice President of ICMAB , Md. Mamunur Rashid FCMA moderated the entire program connecting the audience and discussants and also gave his analysis regarding the topics of discussion.
