Internal audit structure of Bengal Group of Industries

Abstract

The report is an internship report for the BBA program, aimed at providing practical work experience related to bookish knowledge. As an intern in the Internal Audit Department at BRAC Business School, the report focuses on the internal auditing structure of the Bengal Group of Industry. The manufacturing industry is a progressive hi-tech sector contributing to the national economy and faces increased competition. The report aims to provide an overview of the internal auditing practice structure, the current situation of BGI, and the organization's business performance. The scope of the report is based on internal audit working process reports, website, and communication with BGI managers and executives. The methodology involves collecting data from both internal and external sources, including interviews, questionnaires, books, and publications. The overall response to the assessed financial statement level risks of material misstatement, the sort, time, and scope of future audit processes, the link between those procedures the assertion level risks of material misstatement, and the audit procedures' conclusions. It is necessary to understand the major features of a payroll system and be able to spot flaws in a particular system. After three months of experience and doing the report, I got a short overview of the Internal Audit Structure system. Let's have a look in brief…