Cost Audit will be implemented soon: Commerce Secretary

Commerce Secretary Dr Md Jafar Uddin said that he will take necessary steps to implement cost audit soon. 

He made the remark while speaking as the chief guest at a discussion session titled "Treatment of Various items of Cost in Light of the Covid-19” organised by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) on Monday evening. 
 
“Cost and Management Accounting is a noble profession, it ensures clarity and explanation. Prime Minister Sheikh Hasina took some strong initiative and efforts, and that’s why our economy is still doing well,” Md Jafar said in his speech.

“Our production and export are going with nice flow and that’s why giving everyone a proper stimulus package was possible,” he added. 

He also ensured funding for the vertical extension of ICMA building and research works.   

Vice President of South Asian Federation of Accountants (SAFA) and Past President of ICMAB A K M Delwer Hussain FCMA were present at the program as special guest.

He drew the attention of chief guest by discussing the importance of cost audit implementation for the development of the national economy. 

“CMA professional need their proper share and right for working”, he said while thanking the chief guest for always being there for this Institute and its development as a guardian. 

ICMAB President Md Jasim Uddin Akond FCMA thanked all the guests and participants and emphasised particularly on ensuring Cost Audit Certification by a professional CMA firm or professional for every listed company. 

He said that CMA professionals can create a great impact by putting their expertise for ensuring clarity in various economic aspects. He requested the guests to create more scope for the CMA professionals in relevant fields so that they can give their effort for the development of this country.