ICMAB Discusses Public Financial Management Reform

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ICMAB Discusses Public Financial Management Reform

BM Desk: The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized a Continuing Professional Development (CPD) program on Sunday. Bannered “Public Financial Management (PFM) Reform: Journey towards Smart Bangladesh”, the discussion held at Ruhul Quddus Auditorium at the Institute in the city.

Mohammad Muslim Chowdhury, Comptroller and Auditor General of Bangladesh presented keynote at the function, presided over by Md. Abdur Rahman Khan FCMA, president of the institute. It was attended by Dr. Md. Hamid Ullah Bhuiyan, Chairman, Financial Reporting Council (FRC), Ms. Suraiya Zannath , Lead Financial Management Specialist, World Bank and Arif Khan FCMA, Council Member of ICMAB and Vice Chairman at Shanta Asset Management

Muslim Chowdhury, pointed out that there are three blocks of the public sector- the budgetary organizations or budgetary central government, extra budgetary organizations, and state-owned enterprises.

Dr. Bhuiyan said smart Bangladesh should mean everything digitalized and automated but full digitalization is yet to come.

Ms. Suraiya noted that business efficiency has come from modernization and this has reduced the wastage of money, cost of transactions and has moved towards an integrated financial management system.

Abdur Rahman Khan FCMA said that it is very crucial for the professional accountants to know all about public financial management reforms thus ICMAB will expedite the reforms as well as help the government.

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