FINEX

17/11/2020

09/09/2020

নিজস্ব প্রতিবেদক: নিরীক্ষিত আর্থিক বিবরণী নির্ভরযোগ্য করে তুলতে দি ইনস্টিটিউট অব চার্ডার্ড একাউন্ট্যান্টস অব ব...

09/09/2020

The tax authorities are hopeful about a substantial increase in corporate tax returns this year as they have put in place a number of measures to rope in the tax-evading companies and the companies…

15/08/2020

11/08/2020

বাংলাদেশ ব্যাংক নিম্নের তিনটি অডিট ফার্ম এর উপর অনিয়মের অভিযোগ এনেছে। ক্যাশ ইন্সেন্টিভ সার্টিফিকেট এবং অডিট রিপোর্ট এর ব্যাপারে অডিট ফার্ম গুলোকে আরো সচেতন হতে হবে। আইসিএবি তার অডিট ফার্ম গুলোকে ক্যাশ ইন্সেন্টিভ সার্টিফিকেট ইস্যুর ক্ষেত্রে কিউ এ ডি রিভিউয়ের আওতায় আনতে হবে।

Three top auditing firms are held responsible for helping scam-ridden Crescent get cash incentive

The Bangladesh Bank holds three top auditing firms – Syful Shamsul Alam & Co, Aziz Halim Khair Choudhury (AHKC) and SF Ahmed & Co – responsible for certifying eligibility of scam- ridden Crescent for cash incentive although the group had Tk408 crore pending export bills and concealing forgeries in audit report.

The Bangladesh Bank rule does not allow cash incentives if any export bill remains overdue in two years from the application.

The Bangladesh Bank detected the lapses on the part of the three auditors last year and found that two of the audit firms had issued fake cash incentive certificates while the other one had concealed loan forgery of its client in its audit report, thereby helping the business group misappropriate government money in 2017 and 2018.

Based on its investigation report, the Bangladesh Bank has recently suspended Syful Shamsul Alam for three years from auditing cash incentive-related matters and for two years from general auditing. This firm was at the top of the Bangladesh Bank's list of auditors in 2017.

The other two firms were served show cause notices, according to sources at the Bangladesh Bank.Syful Shamsul Alam alone is liable for issuing incentive certificates for Tk396.99 crore and SF Ahmed for Tk11.25 crore.The charge against Aziz Halim Khair Chowdhury, appointed as the general auditor of Janata, is concealment of facts.

Source: TBS News

10/08/2020

Accounting I Advisory I Tax