Dhaka: Finance Adviser Dr. Salehuddin Ahmed today urged auditors and chartered accountants to ensure more transparency and integrity in financial reporting and auditing to increase investment. “Accounting 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’s business environment, they are more likely to invest in its economy,” he said. The adviser made these remarks while speaking as the chief guest at the ‘Accounting and Auditing Summit’ held at a hotel in the city.
According to Bangladesh Sangbad Sangstha, the event was jointly organized by the World Bank and the Financial Reporting Council (FRC) with the theme ‘FRC’s Role in the Economic Governance of Bangladesh’. Distinguished guests included Bangladesh Bank Governor Dr. Ahsan H. Mansur, acting Country Director of the World Bank Dhaka office Soulemane Coulibaly, and Chairman of the Anti-Corruption Commission (ACC) Dr. Mohammad Abdul Momen.
Finance Secretary Dr. Md. Khairuzzaman Mozumder presided over the event, while FRC Chairman Dr. Md Sajjad Hossain Bhuiyan delivered the keynote speech. In his speech, Salehuddin emphasized the importance of auditing and accounting in ensuring transparency and accountability. He noted that the transparency and honesty of individuals involved in these processes are of utmost importance.
Dr. Ahsan H. Mansur also underscored the necessity of transparent and accurate audit reports from banks to gain trust from both local and foreign investors. He announced that Risk-Based Supervision (RBS) in all banks will commence on January 1, 2026, to ensure a sound, resilient, and future-ready financial system.
In his keynote speech, Sajjad Hossain Bhuiyan highlighted the critical need for resilient institutions and sound governance structures as Bangladesh progresses toward becoming an upper-middle-income country. “Among 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,” he added.
Bhuiyan further stated that the FRC encourages the preparation of true financial statements with full disclosure to maintain economic discipline and ensure the collection of genuine income tax and VAT by the NBR. He warned against the use of untrue financial statements as tools for tax evasion and avoidance, asserting the FRC’s commitment to advancing financial governance with professionalism and unwavering integrity.