| dc.description.abstract | In Bangladesh, the dependability of financial statements necessitates a customized approach to
audit processes. This study examines the intricacies of this rapidly changing country, where
distinct business contexts, complicated legal frameworks, and developing corporate
governance standards impact audit risk. The importance of internal controls, the involvement
of the ICAB and Bangladesh Bank, and the prevalence of fraud and mistake risks are just a few
of the important variables we examine when it comes to audit procedures. We also investigate
the efficiency of customized processes such as risk assessments and analytical reviews in
reducing these risks in the Bangladeshi setting. In the world of financial reporting, audit risk—
the potential for providing an incorrect opinion as a result of substantial misstatements in
financial statements—presents a formidable obstacle. It is much more crucial to recognize and
reduce audit risk in Bangladesh's changing environment. This paper explores the nuances of
audit risk in the Bangladeshi setting, examining the major variables that affect its frequency,
identifying the many kinds of risk that arise in local audits, and suggesting practical approaches
to risk reduction. Finally, in light of Bangladesh's changing environment, this report suggests
a framework for adaptable audit processes to protect the integrity of financial reporting. | en_US |
