ICMAB team meets industries secretary

A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) headed by its President Md Abdur Rahman Khan met Industries Ministry Secretary Zakia Sultana at her office on Wednesday.

The ICMAB President apprised the Secretary about the role of cost and management accountants in enterprise management, cost control, decision making and performance evaluation of business and industrial sectors, said a press release.

Besides, during the discussion on matters of mutual professional interest, Abdur Rahman also explained the benefit of cost audit and its different aspects.

He also pointed out that it helps improve performance and production efficiencies by detecting deviations from standards, and reasons for visible and invisible losses, efficiencies, wastages etc.

He highlighted the need for implementing cost audits in different sectors, in accordance with the decision of the government publication through a gazette notification.

The secretary gave the assurance of implementing the decision of the government concerning cost audit. She also sought the support of ICMAB to make its ailing industries profitable.

Treasurer Md Akhtaruzzaman, Council Member SM Zahir Uddin Haider and Executive Director Muhammad Abdullah were also present at the

meeting.