The Dhaka Chamber of Commerce & Industry (DCCI) has signed a memorandum of understanding with the Institute of Cost and Management Accountants of Bangladesh (ICMAB) to work together for the betterment of the business community.

DCCI President Shams Mahmud and ICMAB President Md Jasim Uddin Akond penned the document on Tuesday, according to a press release of the chamber.

Mahmud said the signing the MoU would usher in a new opportunity for both organisations to work together for the betterment of the business community.

He appreciated the professionals of the ICMAB for their hard work to ensure transparency in the financial system of a company.

He also called upon the institute to work closely with industries and firms to strengthen cooperation.

Akond emphasised on ensuring cost audit certification by professional cost management accounting firms or professionals for every listed company.

"CMA professionals can create a great impact by ensuring clarity in various economic aspects."

DCCI Senior Vice President NKA Mobin said the DCCI and the ICMAB could jointly work to facilitate a business-friendly environment in the country for the development of the economy.

DCCI Vice President Mohammad Bashiruddin was also present.