Role of auditing in enhancing ethical business practice in Bangladesh Case Study of Howladar Yunus & Co.

Abstract

It is the accumulation of experience gained throughout the internship time that has resulted in the report titled "Role of auditing in improving ethical business practice in Bangladesh Case Study of Howladar Yunus & Co. Chartered Accountants." The goal of this report is to demonstrate the procedure and processes used by auditors during an audit, as well as how can audit help to increase ethical practice in business and the procedures used by HOWLADAR YUNUS & CO. Chartered Accounts during the internship.

The report is divided into eight sections, each of which has a chapter. Chapter 1 discusses the goal of the report and the reasons for its preparation, as well as the challenges that were encountered in the course of putting together this report. It also includes a discussion of the sources of information that were used to produce the report's final draft. Chapter 2 discusses the literature review of this report. It is covered in Chapter 3 that the firm's history, the reason for its existence, and the circumstances surrounding its formation are discussed.

The second chapter also includes discussions of the firm's facilities and clients, as glowing as the allocation of control within the organization. Chapter 4 is the conclusion of the IV years of hypothetical information gained at UIU in the Bangladesh. While studying at United International University, I gained a great deal of information regarding auditing, and this document reflects that expertise. It is addressed in depth in Chapter 5 about the processes to be followed while conducting an audit in Bangladesh.

A discussion was held in this chapter on how a company should perform its audit, as well as the procedures that should be followed during an audit until a reasonable conclusion is achieved. HOWLADER YOUNUS & CO. Chartered Accountants' audit processes and sequences are discussed in detail in Chapter 6, which is the last chapter of the book. Both the client's approach and the company's own approach to clients are covered in depth in this chapter. In chapter 7 discusses about work experience at China Petroleum LONGWAY Engineering Project Management Co. Ltd. (Bangladesh).

The chapter also discusses what happens after the client contacts the firm in both situations. After being assigned to a client, Chapter 8 discusses the actual experiences and some of the duties that the auditors must do in order to complete their job. As an intern, I was not assigned duties of major significance, but rather modest and relatively simple jobs that I could do in a short period of time. Chapter 9 discusses about the role of auditing in enhancing ethical business in Bangladesh. Chapter 10 discusses the experiences and duties that were completed while working at the business, as well as how the experience, taken as a whole, helped the author grow and alter his or her perceptions of circumstances and occurrences. When performing an audit, there are many issues that must be addressed, and auditors must deal with a variety of challenges during the audit process. It also makes suggestions, which are presented in this chapter, in an attempt to resolve some of the issues.

Because the time allowed was insufficient, and in addition to the other challenges stated in the limits section of chapter 1, just a few discoveries were found. The profession of chartered accountants is both honorable and intimidating, and given the present state of growth in Bangladesh, it is hoped that their numbers would continue to increase in the coming years.