ICMAB against foreigners in accounting functions

A delegation of ICMAB, led by President M Abul Kalam Mazumdar, Tuesday called on Bangladesh Investment Development Authority (BIDA) Executive Chairman Kazi M Aminul Islam at his office.

The ICMAB president apprised the BIDA executive chairman about the role of cost and management accountants in enterprise management, cost control and performance evaluation of business and industrial undertakings, reports BSS.

He said ICMAB has got global standard academic curriculum and is producing highly skilled professional accountants to meet the demand for accounting expertise in the country.

Kalam Mazumdar also informed the BIDA chairman that some companies are appointing foreign nationals in accounting and financial functions despite the availability of local personnel in similar skills and expertise.

The employment of foreign nationals, especially in accounting and financial functions, is causing increased unemployment, noted the ICMAB president.

He requested the BIDA chairman to take necessary measures to stop the appointment of overseas accountants to work in Bangladesh.

The BIDA executive chairman acknowledged the role of the professional accountants in country’s economic development.

He assured them of his support for the development of the Cost and Management Accounting profession.

Among others, Council Member and former President Mohammed Salim and Director of the Institute Nazmus Salehin were present.