Finance adviser stresses transparency in financial reporting to attract investment

Finance Adviser Dr Salehuddin Ahmed has called on auditors and chartered accountants to uphold greater transparency and integrity in financial reporting and auditing to attract more local and foreign 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 the remarks while speaking as the chief guest at the ‘Accounting and Auditing Summit’ at a city hotel on Wednesday.

The World Bank and the Financial Reporting Council (FRC) jointly organised the event, with the theme ‘FRC’s Role in the Economic Governance of Bangladesh.’

Bangladesh Bank Governor Dr Ahsan H Mansur, Acting Country Director of the World Bank Dhaka office Soulemane Coulibaly, and Anti-Corruption Commission (ACC) Commissioner Dr Mohammad Abdul Momen were present as special guests.

Finance Secretary Dr Md Khairuzzaman Mozumder presided over the event, while FRC Chairman Dr Md Sajjad Hossain Bhuiyan delivered the keynote speech.

In his address, Dr Salehuddin highlighted the significance of auditing and accounting in ensuring transparency and accountability. However, he emphasised that the integrity and honesty of professionals involved in these processes are of utmost importance.

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