Audit

The Executive Committee of Banani DOHS Parishad has formed an independent Audit Subcommittee for the purpose of smooth functioning of internal control system and ensuring transparency in the financial management of the Parishad. The Audit Subcommittee consists of the President and 5 members who are permanent residents of Banani DOHS area.

Rules:

The main roles of Audit Subcommittee are as follows:

• To provide oversight of the financial reporting process, the audit process, the system of internal controls and compliance with laws and regulations.
• To review significant transaction issues and effectiveness of internal controls.
• To carry out special investigation whenever assigned.
• To extend cooperation during the audit carried out by the external auditors.
• To extend cooperation during the audit carried out by the external auditors.

Activities:

The Audit Subcommittee has been –

• Arranging audit of financial statements of Banani DOHS Parishad each year which is laid before the Members at the Annual General Meetingof the Parishad.
• Advising on the transactions, compliance, record keeping, reporting, etc., as and when required by Banani DOHS Parishad.
• Providing necessary advice for the development in internal control system and resolve the issues appeared during the course of audit.