Internship Report on ACNABIN’s Engagement with Liaison Offices of International Retail Brands in Bangladesh

Abstract

Most international retail brands have recently opened their offices in UK to encourage fairly priced clothing items in UK at reasonable prices. Buyers say liaison offices will increase their capacity to follow supply chain management for ready-made Bangladesh made garments at relatively low cost compared to other countries. The Report has been categorized into five chapters. In first chapter, talking about introduction where I have described industrial background. Objective of the Report to which have discussed critically evaluation of the association of ACNABIN with international retail brand Liaison offices. Methodology where is used two types of data primary and secondary data. Scope, where Permission to open communication liaison from the Board of Investment (Board of Investment) under the Prime Minister's Office .Limitation it was not enough to learn everything during the 3 (three) months. Therefore, time and knowledge were main limitations. Second Chapter where has been stated about liaison office in Bangladesh and its requirement of Operation, as well as tax and VAT issue for liaison office, remittance issue, foreign officials, and which financial statements are prepared by the liaison office. In Third Chapter to which narrated about audit service and audit procedure and non-audit services like preparing and submitting of quarterly statement, secretarial and other services. Taxation services-liaison office such as annual services, monthly and quarterly services and other services, taxation services-expatriates like country manager, taxation services-local employees like employees of Bangladesh and provides provident fund services and against services have different fees structure. Forth Chapter where is stated Clients, government, financial institutions, employees, investors, and business interests related to public interest and financial community and others who support the business's transparency and fairness, depending on the neutrality and honesty of the accounting profession. By analyzing ACNABIN's general linkage with the Liaison office, it is my finding that it is risky to the risk of ACNABIN self-review because ACNABIN provides several liaison and audit and the same company provides other non-audit services. The Fifth Chapter has been described about conclusion and recommendation.