Internal Control System of Aviation Systems Limited (ASL): A study on Bangladesh Aviation Industry

Abstract

This report provides an in depths analysis on the internal control system of Aviation Systems Limited (ASL), one of the Bangladesh’s leading aviation support and technology solutions provider. This study was a mandatory part of Bachelor of Business Administration (BBA) program at united International University. And this report is based on a three months internship experience in ASL finance department. To gain practical knowledge about how internal control mechanisms functions within a aviation based organization and how these systems contribute to operational efficiency, compliance, and transparency is the main objective of this study. ASL have a major role in the Bangladesh aviation industry through various services like, ground handling, route navigation and permit operation database. ASL POD technology automates the overfly, landing permit process under the regulations of Civil Aviation Authority of Bangladesh (CAAB). This report discovers the organization’s control practices in both financial and technological domains. ASL maintain a strong segregation of duties policy to minimize the fraud and unethical activities and ensure accountability within the finance department. To maintaining system integrity and data security the Technology and Development play a crucial role. Introduce of digital system like POD has significant role to reduce the time, manual errors, improved workflow and enhanced the coordination with the help of regulatory body. In this study identifies some limitations also like slower workflow for multipole audit for one transaction, and lack of communication between the department. To solve those issues, this report recommended several ideas like simplifying the approval chain, organize regular departmental meeting, conduct internal audit in regular basis, and arranging employee training program to improve their work efficiency.