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          Water Resources Minister Hafiz Uddin Ahmad underscored the need for implementing a modern accounting system introduced by the ministry to reduce audit objections, reports BDNEWS.
The system introduced for the first time under a project of the Ministry of Water Resources (MWR) would help boost the country's economy by producing accurate and timely financial statement to the government and other stakeholders, he added.
The minister said this while inaugurating a training programme on enhanced financial management as the chief guest in the city's Financial Management Academy (FIMA) office.
The programme was jointly organised by the ministry and FIMA under the modernisation of the MWR's financial management capability project funded by the Canadian International Development Agency (CIDA).
A total of 50 officials in two batches took part in the 15-day training programme. More than 400 participants would be provided training under the programme in phases.
The objective of the programme is to enhance the financial management capability of the personnel of MWR and its organisations -Bangladesh Water Development Board (BWDB), RRI, JRC and WARPO through training on basic skills on computerised accounting system.
According to the minister, the BWDB that had to face random audit objections earlier has come about to an end by the introduction of the system. Earlier it took two months to prepare an audit report of one month and now the report could be prepared within only five days.
The system would reduce sufferings of an official for finalising the complete financial statement within a week after his retirement, he added.
David Sproule, High Commissioner of Canada to Bangladesh and Asif Ali, Comptroller and Auditor General of Bangladesh also spoke on the occasion as special guests while SM Jahrul Islam, Secretary of the MWR was in the chair.
Project Director Jasim Uddin presented different aspects of the training that would deal with the accounting software GP 7.5 and four custom applications for GPE- Pension, loans, advances and audit observations at BWDB.