Audit procedures of alternative cash incentive in ACNABIN Chartered Accountants

Abstract

The report titled “Audit procedures of alternative cash incentive in ACNABIN Chartered Accountants” is a result of the BBA in AIS internship program. This report is written on the basis of my practical knowledge which I got from working as an intern for three months in ACNABIN Chartered Accountants. This report is all about the procedures of cash incentive audit. Government motivates the exporters by providing them cash incentive facilities. But sometimes fake exporter claims incentive. Auditor’s duty is to identify the true exporter who is qualified enough to get the cash incentive facility. In this report, the purpose and reasons of cash incentive, procedures of checking the files, export documents, history of cash incentive, background of ACNABIN Chartered Accountants, services provided by the firm, culture of the firm, brilliant results of the students, and some other information are briefly discussed. Circulars of the Bangladesh bank is highly followed while auditing the incentive files. The first part of the report is about the reason, purpose, and limitations of this report. Second part describes the historical background of the firm and brilliant results in the CA exam. Third part is the literature review of the report. After that, fourth part of the report discusses the theoretical framework on audit procedures of alternative cash incentive. Then the fifth part of the report is the findings and analysis part where export documents, procedures of checking the files, query meet up with the applicant, and certificate signing by the partner of the firm is briefly discussed. There are some limitations I observed while working in the firm. I have suggested some recommendations to overcome those limitations and obstacles.