Transparent and high-quality financial reporting will reduce the cost of doing business and enhance the investors’ confidence in capital market and bond marker which would ultimately help to attract both local and foreign investment in the country, speakers told a virtual members’ conference, said a press release.

The Institute of Chartered Accountants of Bangladesh organised the virtual members’ conference on ‘Financial Reporting Act 2015 – Roles and Responsibilities of Professional Accountants’ on Sunday.

Former chairman of the Financial Reporting Council of Bangladesh CQK Mustaq Ahmed, who attended the conference as the chief guest, said that auditors should know the Financial Reporting Act minutely for better professional service.