Muhith for transparency through better auditing
Sunday, 30 May 2010
FE Report
Finance Minister AMA Muhith Saturday said that professionals could ensure transparency through better auditing.
The minister said this while addressing as chief guest at the fourth assembly of the Association of Government Accounts Organisations of Asia (AGAOA) at a city hotel.
"It's a system to ensure transparency and show the way to do better things in a better way," Mr Muhith added.
The finance minister said the public accounts get the highest honour across the globe saying: "Accounting competence is the pillar of governance, be it public or corporate."
Controller General of Accounts (CGA) Bangladesh organised the function with CGA Shahad Chowdhury in the chair.
Finance Secretary Dr Mohammed Tareque joined the programme as special guest.
Finance secretary said that the Asia is changing fast and it might take a lead role by 2015.
"The AGAOA should take steps to promote the accounting system of the member nations and take the challenges."
Mr Tareque said government accounts officials should move away from the traditional tasks.
"We must change our goals from front office role to middle and back office roles," Mr Tareque added.
He said accounting acts as control mechanism and ensures financial property as well as guards against wastages and corruption in public sector expenditure.
AGAOA was formed in 2004 for developing professional understating and common meaningful practice of accounting among the member countries of this SAARC region.
The eight members of AGAOA are Bangladesh, India, the Maldives, Myanmar, Nepal, Pakistan, Sri Lanka and Afghanistan.
CGA Bangladesh Md Shahad Chowdhury underscored strengthening of professional competence of the government accounts.
He also said that fostering strong government accounting based on efficient uses of public resources complying with all rules and regulations can support the transitions to a more result-oriented and accountable governments in improving the delivery of quality service.
The outgoing AGAOA chairman Madhav Prasad sought assistance from development community for building capacity of accounts in Asian countries.
He claimed that Nepal has reformed its accounts complying with international standard.
The first assembly was held in Pakistan in 2004, second in Indian in 2005 and third in Nepal in 2007.
Finance minister also inaugurated the website of AGAOA during the function.
Finance Minister AMA Muhith Saturday said that professionals could ensure transparency through better auditing.
The minister said this while addressing as chief guest at the fourth assembly of the Association of Government Accounts Organisations of Asia (AGAOA) at a city hotel.
"It's a system to ensure transparency and show the way to do better things in a better way," Mr Muhith added.
The finance minister said the public accounts get the highest honour across the globe saying: "Accounting competence is the pillar of governance, be it public or corporate."
Controller General of Accounts (CGA) Bangladesh organised the function with CGA Shahad Chowdhury in the chair.
Finance Secretary Dr Mohammed Tareque joined the programme as special guest.
Finance secretary said that the Asia is changing fast and it might take a lead role by 2015.
"The AGAOA should take steps to promote the accounting system of the member nations and take the challenges."
Mr Tareque said government accounts officials should move away from the traditional tasks.
"We must change our goals from front office role to middle and back office roles," Mr Tareque added.
He said accounting acts as control mechanism and ensures financial property as well as guards against wastages and corruption in public sector expenditure.
AGAOA was formed in 2004 for developing professional understating and common meaningful practice of accounting among the member countries of this SAARC region.
The eight members of AGAOA are Bangladesh, India, the Maldives, Myanmar, Nepal, Pakistan, Sri Lanka and Afghanistan.
CGA Bangladesh Md Shahad Chowdhury underscored strengthening of professional competence of the government accounts.
He also said that fostering strong government accounting based on efficient uses of public resources complying with all rules and regulations can support the transitions to a more result-oriented and accountable governments in improving the delivery of quality service.
The outgoing AGAOA chairman Madhav Prasad sought assistance from development community for building capacity of accounts in Asian countries.
He claimed that Nepal has reformed its accounts complying with international standard.
The first assembly was held in Pakistan in 2004, second in Indian in 2005 and third in Nepal in 2007.
Finance minister also inaugurated the website of AGAOA during the function.