File Photo

DHAKA, March 18, 2022 (BSS) - Bangabandhu Sheikh Mujibur Rahman applied his
accounting knowledge to eliminate economic inequality and the welfare of the
countrymen.

According to Bangabandhu, the essence of accounting was the desire to spend
for the welfare of the poor by preventing the state fund's misuse or wastage
and its distribution.

Due to Bangabandhu's strong move, all obstacles have been removed and
industrial production was increased and it was at the core of Bangabandhu's
economic philosophy.

Speakers forwarded these opinions at a virtual webinar on the contribution of
Father of the Nation Bangabandhu Sheikh Mujibur Rahman to the Audit and
Accountancy Profession organised by the Institute of Chartered Accountants of
Bangladesh (ICAB) on Thursday marking the birth 102nd anniversary of
Bangabandhu, said a press release.

State Minister for Planning Dr Shamsul Alam graced the webinar as the chief
guest while Secretary of Financial Institutions Division (FID), Ministry of
Finance Sheikh Mohammad Salim Ullah joined it as special guest. President of
ICAB Md Shahadat Hossain presented the keynote paper.

 Professor of Department of Accounting University of Chittagong (CU) Dr Md
Salim Uddin, Past President and Council Member of ICAB Md Humayun Kabir FCA,
Vice-Chancellor (VC) of the Millennium University Professor Dr Abhinaya
Chandra Saha and Curator of Father of the Nation Bangabandhu Sheikh Mujibur
Rahman Memorial Museum and Former Secretary to the Government Md Nazrul Islam
Khan were present as the discussants.

Vice-President of ICAB Sidhartha Barua FCA gave closing remarks.

Dr Shamsul Alam said Bangabandhu took robust initiatives to reform the war-
torn country through establishing constitutional and legal frame of many
organisations and the Institutions including ICAB.

"Bangabandhu took first-five-year plan to rebuild the economy. The steps
taken by Bangabandhu in the field of industry were significant. He took
strong move to eliminate all obstacles to increase industrial production.
Production was at the core of Bangabandhu's economic philosophy," he added.

 Highlighting the steps taken for policy reformation after independence of
the country, ICAB President said an accountant projected the financial
condition of the organisation and evaluates its financial performance but
Bangabandhu applied his accounting knowledge to eliminate discrepancies
between rich and poor.