A delegation of The Institute of Cost and Management Accountants of Bangladesh (ICMAB) led by its President Md. Mamunur Rashid FCMA met Financial Reporting Council (FRC) Chairman Prof. Dr. Md. Hamid Ullah Bhuiyan at his office on Thursday.
The ICMAB President apprised the FRC Chairman about the role of Cost and Management Accountants in enterprise management, cost control, decision making and performance evaluation of business and industrial sectors.
Besides the discussion on the matters of mutual professional interest, President ICMAB also explained about the benefit of Cost Audit and its different aspects.
He also urged upon the need for implementing Cost Audit in different Sectors, in accordance with the decision of the government published through Gazette notification.
The Chairman gave emphasis on implementation of Cost Audit in all listed companies and government owned enterprise in order to
ensure transparency and cost efficiencies.
Among others ICMAB Past President AKM Delwer Hussain FCMA and Executive Director Muhammad Abdullah were present in the meeting.
