Analysis of Internal Control and Internal Auditing System of Greenland Technologies Limited.

Abstract

Although agriculture is one of the financial sources of our country, we still lag far behind other countries in agriculture because we have not been able to ensure 100% use of modern electronics in agriculture. In the modern economic age, no country can develop in the industrial and commercial sectors without proper planning. It plays an individual role in the financial growth of any country. Greenland Technologies Limited is one of the leading agricultural equipment sellers in Bangladesh; it is one of the top companies in the GETCO Group. Through the report, I have tried to show the analysis of internal control and internal auditing system of Greenland technologies limited. I have prepared this report in light of the need to complete my bachelor’s degree from United International University (UIU). I have prepared the report based on the work experience of GTL. I have tried to discuss the details of GTL’s internal control and internal auditing system. GTL has a unique vision, mission, and objectives, products, and services. I have also tried to show the obstacles and challenges that I have faced in the GTL. I have also tried to mention the activities of the internal audit system in GTL. Internal control is a distinct, purposeful, and advisory activity that keeps managers of organizations in a position to protect assets, ensure accountability, enhance efficiency, and prevent fraudulent behavior. It accomplishes its objectives by introducing an orderly, disciplined approach to an organization to diagnose and improve the effectiveness of risk management, control, and governance processes. This study is a descriptive and analytical report prepared by analyzing everything from Greenland Technologies Limited. I accomplished this by collecting information from my supervisor in a specific direction and different sources. In the initial and second step, I completed the report by collecting data from GTL. GTL manages its monitoring system through a beautiful structure. The main task of their auditor team is to physically count the products in the warehouse and prepare a brief report and submit it to the management. The GTL auditing team also reviews bill vouchers for their employees' daily expenses and identifies their work location through mobile tracking of employees.