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    The authentication and audit procedure of alternative cash assistance

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    13304058_BBA.pdf (888.7Kb)
    Date
    2017-08-30
    Publisher
    BRAC University
    Author
    Ema, Mahjabin Sultana
    Metadata
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    URI
    http://hdl.handle.net/10361/8970
    Abstract
    The report titled- “The authentication and audit procedure of alternative cash assistance”, is the result of internship program of Bachelor of Business Administration program. In the academic life only theoretical knowledge is earned and through internship program the university ensures the practical knowledge. This report contains the information of the audit procedure of alternative cash assistance of Acnabin Chartered Accountants. Export sector of a country has become the most important factor for the development of that country. In the todays‟ globalized world, increase of export has become the major concern for the government of developing countries. Alternative cash incentive is a way through which government is trying to increase the export of Bangladesh. Bangladesh Bank declared cash incentive in 1994 as a rewarding factor upon the export. Cash incentive facility is declared for many sectors and an exporter can avail this facility only if he has not applied for duty drawback or bonded warehouse facility. There are certain other criteria which an exporter needs to fulfill in order to claim for cash incentive. All of these criteria are provided by Bangladesh bank. I have covered all the information regarding this facility, sectors in which it is given and at what percentage, reasons and conditions of this facility, procedures of audit etc. in this report. Cash incentive facility is provided by Bangladesh Bank on behalf of the government. Previously cash incentive was given with the help of commercial bank‟s approval, but due to some fraudulent activities it is now audited with the help of external auditors. The audit firm works as the third party and gives assurance (certificate and calculation as per Bangladesh Bank‟s requirement). The exporter can only get incentive from Bangladesh bank if his documents get certified by the auditors. Bangladesh bank provides incentive through the exporter‟s commercial bank. To get the exporter‟s document audited, Bangladesh bank pays the audit fee to the audit firms. The audit fee is fixed as per file. I have included a part in the report showing whether Bangladesh bank saves or losses money by appointing external auditors for cash incentive audit. Cash incentive was introduced in order to promote the export sector and increase the export quantity. Thus at the end of the report, I have included a part showing whether cash incentive declaration has put any positive effect on the export quantity of Bangladesh.
    Keywords
    Audit; Export; Acnabin Chartered Accountants
     
    Description
    This internship report is submitted in a partial fulfillment of the requirements for the degree of Bachelor of Business Administration, 2017.
     
    Cataloged from PDF version of internship report.
     
    Includes bibliographical references (pages 35-36).
    Department
    BRAC Business School, BRAC University
    Collections
    • Internship Report, BBA (Brac Business School)

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