Posted on Business Business & Profession

Rethinking FRC’s Backdated Audit Report Prevention Policy – Practical Challenges and a Better Path Forward

The Financial Reporting Council of Bangladesh has introduced a policy to prevent backdated audit report signatures. This is an important step toward enhancing audit integrity. However, the requirement for directors and auditors to sign financial statements on the same day as the board meeting creates significant practical challenges, especially for companies with geographically dispersed directors or auditors. Read more

Posted on Random

Flashback 2021: Year of Challenges

2021 was challenging enough for me to complete all these resolutions. I went though lots of turmoil during 2021. But still I managed to complete most of the resolution. 2021 was very important year in my life. I have achieved many things this this year and also faced lots of difficulties unlike past years. I believe 2021 was another milestone that has shaped my future significantly for better or worse. Read more

Posted on Business & Profession Profession

Challenges of Auditing in Bangladesh (Part 1)

Issues of auditor independence, the role of corporate governance, the responsibilities of management, the appropriateness of consulting services, and the overall professional obligations of auditors have all been discussed and debated by a broad array of interested groups and individuals. The theme linking these debates has often been ‘what is wrong with the auditing profession?’ and its close relative ‘what can be done to improve the auditing profession?’ Read more