The mechanism and efficacy of improving the auditing process in Bangladesh: a study on bank audit

Abstract

This report focuses on the efficiency level of the audit process in Bangladesh and identifies those mechanisms which can improve the efficacy of the audit process. The main objective of this report is to find out the factors which are responsible for audit inefficiency and necessary steps to reduce those problems. Based on the survey it was found that both CA qualification and remuneration benefits impacting the task efficiency of an auditor. In the findings the survey result is presented why people dislike audit and minimum time required to conduct annual audit. In addition, the report also highlights the workplace environment and flexibility in both client office and CA firms. The study is highly emphasized on minimum education qualification for being a junior auditor. Finally, in the last chapter I established my project where I showed SPSS statistical analysis to prove my hypothesis on the major factors behind audit inefficiency. Furthermore, I incorporated google form survey responses on professionals which helps me identify the key determinants which can play an essential role in improving audit practice in Bangladesh.