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The DPs form part of the audit reports if it is justified and approved by the CAG of Bangladesh. A list of audit directorates are given below: 1. Directorate of Civil Audit 2. Directorate of Revenue Audit 3. Directorate of Commercial Audit 4. Directorate of Works Audit 5. Directorate of Transport Audit 6. Directorate of Foreign Aided Project ...
Directorate of Internal Audit also signed APA with the Ministry for all the activities to be carried out in the fiscal year 2021-2022. The head of the Directorate of Internal Audit signed the agreement on behalf of his directorate and the secretary of the ministry Md. Shahid Ullah Khandaker on behalf of the ministry. [2] [3]
The agency is controlled by 12 member-governing body which has representatives from the government, Bangladesh Bank, Bangladesh Securities and Exchange Commission, Federation of Bangladesh Chambers of Commerce & Industries, professional accountants association and academia.
The basic requirements for financial reporting by all companies in Bangladesh were provided by the Companies Act of 1994. [1] Today, it is represented by two professional bodies, the Institute of Cost & Management Accountants of Bangladesh (ICMAB) and the Institute of Chartered Accountants of Bangladesh (ICAB).
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. [1]
An auditor's report is a formal opinion, or disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit, as an assurance service in order for the user to make decisions based on the results of the audit.
In 1972, the institute was re-established in the name of Bangladesh Institute of Industrial Accountants again. The Government of Bangladesh renamed it as The Institute of Cost and Management Accountants of Bangladesh through promulgation of The Cost and Management Accountants Ordinance 1977 (Ordinance No LIII of 1977). [4]
Government Seal of Bangladesh. Ministry overview; Formed: 16 December 1971; 53 years ago () Jurisdiction: Government of Bangladesh: Headquarters: