ICMAB celebrates 23rd convocation in Dhaka

The 24th convocation of the Institute of Cost and Management Accountants Bangladesh (ICMAB) was held in a festive mood with a grand celebration at the Grand Ball Room of Radisson Blu Dhaka Water Garden Hotel in the capital on Sunday.

Commerce Minister Tipu Munshi was present at the convocation as the chief guest where Tapan Kanti Ghosh, senior secretary of the Commerce Ministry was a special guest. Comptroller and Auditor General of Bangladesh Mohammad Muslim Chowdhury, delivered the convocation speech as convocation speaker, said a press statement.

In his speech, Commerce Minister said that “Today Bangladesh is on the right track and has achieved the status of a developing nation under the right and visionary direction of Prime Minister Sheikh Hasina.”

To reduce the cost of business, and minimize wastage and misuse of resources, the role of Cost and Management Accountants (CMAs) is indispensable, Tipu Munshi said, adding that under his ministry this efficient CMA workforce is playing a vital role in fostering economic growth of the country.

“The world has been passing a crucial time confronting challenges one after another in the last few years after the devastating Covid-19 pandemic. The Ukraine -Russia war compelled us to face another challenge. More or less it can be said that the business community has been facing the challenges especially. So efficient human resources like CMAs’ role in reducing the cost of doing business is crucial”, he added. The minister hoped that the students and members of the institute would apply their knowledge and skills positively for the achievement of sustainable economic development in Bangladesh.

The convocation speaker Mohammad Muslim Chowdhury said that CMAs possess profound knowledge and that can identify weaknesses of companies and suggest remedies to recover from them to make the companies profitable. “Professional expertise and skill are always stepping ahead in the performance of any organisation, whether it is in public or in private sectors. Qualified Cost and Management Accountants (CMAs) have been performing their due role for achieving the organisations’ goals. Their undoubted contribution with the knowledge and expertise they have gathered from ICMAB will come into action in the development process of the country”, he said.

Speaking as a special guest, Tapan Kanti Ghosh said, it is a matter of pride that, as a professional accounting body under the administrative control of the Commerce Ministry, ICMAB has been playing a crucial role to prepare the professional personnel who plays the key role in the corporate and public bodies. He also said that during the time of the pandemic, these accountants have made a remarkable contribution to keeping the financial condition of the organisations stand-high, which helps the country to stay on the right track. He believed that Bangladesh's economy would be highly benefited from the guided services of these professionals and expected that ICMAB would continue its ongoing effort of supplying qualified and efficient human resources with a high level of professionalism to transform Bangladesh into a developed nation.

ICMAB President Md Abdur Rahman Khan in his captivating speech cited that ICMAB’s vision is fully aligned with the vision of the father of the Nation, Bangabandhu Sheikh Mujibur Rahman and his very much competent daughter Prime Minister Sheikh Hasina to help Bangladesh become an industrialised nation. The professional knowledge and skill of CMAs will assist Bangladesh to meet her SDG targets by 2030 and become a developed and SMART Bangladesh by 2041.

“The Cost and Management Accountants’ service in this respect is unparalleled. To face the challenges of globalisation and rapid growth of Bangladesh's economy, the country needs competent accounting professionals and the institute is very much committed to producing such professional accountants from its very inception”, he added. He gave emphasis and reminded the members of their duties to follow the ethics and professional code of conduct in discharging their responsibilities.