Cost accountants can play a great role in developing the Bangladesh economy when it comes to issues of clarity, said Commerce Secretary Md Jafar Uddin on Monday.

Therefore, necessary steps will be taken for the development of this profession and the Institute of Cost and Management Accountants of Bangladesh (ICMAB), he said.

His comments came at a workshop on "Cost Audit" organised by the ICMAB at the ICMAB Ruhul Quddus Auditorium in Dhaka.

"The CMA (certified management accountant) professionals can create a great impact utilising their expertise for ensuring clarity in various economic aspects," AKM Delwer Hussain, president of the South Asian Federation of Accountants (SAFA).

He urged the ministry to create more scope for the CMA professionals in relevant fields so that they could put in the effort for the country's development.

ICMAB President Md Jasim Uddin Akond particularly emphasised on ensuring cost audit certifications from professional CMA firms or professionals for every listed company.

Biswarup Basu, president of the Institute of Cost Accountants of India; Abu Sayed Md Shaykhul Islam, former president of the ICMAB, and Treasurer Md Ali Haider Chowdhury were present.