CAB President Md Abdus Salam FCA speaks at a training course on IFRS for Bangladesh Bank officials organised by The Institute of Chartered Accountants of Bangladesh (ICAB) at CA Bhaban in the city Sunday.

Speakers at a function stressed the need for quality inspection of all branches of commercial banks to stop embezzlement in the banking sector.

The ICAB professionals in association with Bangladesh Bank can jointly act to minimise such acts by ensuring transparency and higher level of monitoring of the internal control system.

ICAB President Md Abdus Salam FCA said this on Sunday while inaugurating 25-day-long training on IFRS for Bangladesh Bank officials organised by The Institute of Chartered Accountants of Bangladesh (ICAB) at CA Bhaban in the city.

Bangladesh Bank Deputy Governor Md Abul Quasem was present as chief guest.

Quasem said accounting professionals are playing a major role in uplifting country’s economy. Accounting language is guided and directed by concepts and conventions, and professional accountants are the administrators of this language, he added.

“So, being the regulatory body of financial sector, I hope the BB officials will be benefited through sharing knowledge with the highly trained ICAB accounting professionals,” he added.

A total of thirty-five senior officials of the central bank are participating in the training.

ICAB Vice-president Gopal Chandra Ghosh FCA, past president Md Syful Islam FCA, Md Humayun Kabir FCA and distinguished ICAB members and BB officials were present on the occasion.