Finance adviser Salehuddin Ahmed on Wednesday urged auditors and chartered accountants to ensure more transparency and integrity in financial reporting and auditing to increase investment.
鈥楢ccounting ensures transparency to stakeholders, such as investors and regulatory bodies, by providing access to relevant data for informed decision-making. When investors have clear and reliable information about a country鈥檚 business environment, they are more likely to invest in its economy,鈥� he said while speaking as chief guest at the Accounting and Auditing Summit at a hotel in the city.
The World Bank and Financial Reporting Council jointly organised the event with its theme FRC鈥檚 Role in the Economic Governance of Bangladesh.
Bangladesh Bank governor Ahsan H Mansur, country director (acting) of the World Bank Dhaka office Soulemane Coulibaly and chairman of the Anti-Corruption Commission Mohammad Abdul Momen were present as special guests.
Finance secretary Md Khairuzzaman Mozumder presided over the event while FRC chairman Md Sajjad Hossain Bhuiyan delivered the keynote speech.
In his speech, Salehuddin said that auditing and accounting were important issues to ensure transparency and accountability.
However, the transparency and honesty of those involved in these activities are the most important issue, he added.
Ahsan H Mansur also laid emphasis on submitting audit reports of banks with transparency and accurate information for gaining trust both from local and foreign investors.
He mentioned that Risk-Based Supervision in all banks will begin from January 1, 2026, to ensure a sound, resilient, and future-ready financial system.
Sajjad Hossain Bhuiyan said that as Bangladesh continues its journey toward becoming an upper-middle-income country, the need for resilient institutions and sound governance structures becomes more critical than ever.
鈥楢mong those institutions, the Financial Reporting Council stands with a clear mandate to promote integrity, discipline, and transparency in financial reporting, auditing, valuation, and actuarial standards,鈥� he added.
He said that FRC wanted to encourage all corners to prepare true financial statements with full disclosure to maintain economic or revenue discipline as well as to collect a desirable and genuine amount of income tax and VAT by NBR.
鈥楿ntrue financial statements are the basic instrument for tax evasion and avoidance,鈥� he added.
He said that the FRC was committed to playing its full role in advancing the vision of financial governance through steadily, professionally and with unwavering integrity.