DHAKA, Sept 30, 2021 (BSS)-The Institute of Cost and Management Accountants of Bangladesh (ICMAB) unveiled the cover of the book "Model Independent Cost Auditors'  Report" at ICMAB auditorium on Wednesday.

Chairman of Bangladesh Chemical Industries Corporation Shah Imdadul Haque attended the book unveiling ceremony as Chief Guest while President of South Asian Federation of Accountants (SAFA) and Former President of ICMAB A.K.M. Delwer Hussain was present as Special Guest, said a press release. 

The speakers highlighted different aspects and usefulness of Cost Audit and gave emphasis to implement Cost Audit in the country for the benefit of the business itself. 

“Cost Audit is not punitive in nature, it is rather suggestive which helps to achieve organizational goals and maximize profits” the speakers opined. 

The ICMAB Professional consultancy Center was also inaugurated on the occasion. 

The center is a commercial service provider which will provide consultancy services to both in Private and Public sectors to promote members as well as the practicing firms of the Institute.

ICMAB President Abu Bakar Siddique presided over the program. Past President and Council Member Abu Sayed Md. Shaykhul Islam presented the Model Independent Cost Auditors’ Report and spoke on the usefulness of Cost Audit. 

Past President of ICMAB Jasim Uddin Akond delivered the welcome address.

Chief Guest Shah Imdadul Haque unveiled the book "Model Independent Cost Auditors’ Report" and inaugurated the "CMAB Professional Consultancy Center". 

He congratulated the leadership of ICMAB for taking this initiative.

SAFA President A.K.M. Delwar Hussain  congratulated all for this great initiative of ICMAB.
 
Past President and Council Member Abu Sayed Md. Shaykhul Islam said, “Cost audit is not a mere audit of expenses and financial accuracy, it is an audit of performance and efficiency. It is also an audit of financial morality.”