Internal audit and compliance in Walton-Hi Tech Industry

Abstract

The report is titled “Internal audit process and compliance in Walton Hi-Tech industry” explain an internal audit experience in one of the biggest Bangladeshi companies named Walton Hi-Tech industry and demonstrate their internal process on behalf of ACNABIN Chartered Accountants. In the first chapter of report, I will describe my responsibility and other necessary information regarding internship. Here I will also include all the task done by me during my internship period. In the second chapter of the report, I will describe the audit firm ACNABIN where I done my internship. Lastly in project part I will describe the whole process of internal audit in Walton Hi-Tech industry. Moreover, here I will describe how internal audit helps external auditor. In addition, the necessity of the internal audit department will be described here thoroughly and the relation of it with compliance is also portrayed here. Both primary and secondary data re used here to increase the credibility of the task. The main objectives of this work are to show the importance of internal audit and compliance as well as the process of it in Walton Hi-Tech Industry. We find that running a listed company without internal department is quite impossible and it create bad impression on the shareholders. So, every company have to maintain an internal audit department for the development of their own. It will help all the shareholders of the company.