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Financial Audit

In Bangladesh, all of the corporations are required to appoint auditors. Hence, small-medium enterprises should also understand IFRS and IAS well and apply it.

The audit standards of Bangladesh are combining with the International Standards on auditing. And ICAB displays the functions of audit.

The followings are the present title of Bangladesh Standards on Auditing.

200 Objective and General Principles Governing an Audit of Financial Statements

210 Terms of Audit Engagements

220 Quality Control for Audits of Historical Finance Information

230 Audit Documentation

240 The Auditor’s Responsibility to Consider Fraud in an Audit of Financial Statements

250 Consideration of Laws and Regulations in an Audit of Financial Statements

260 Communications of Audit Matters with Those Charged with Governance

300 Planning an Audit of Financial Statements

315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement

320 Audit materiality

330 The Auditor’s Procedures in Response to Assessed Risks

402 Audit Considerations Relating to Entities Using Service Organization

500 Audit Evidence

501 Audit Evidence-Additional Considerations for Specific items

505 External Confirmations

510 Initial Engagements-Opening Balances

520 Analytical Procedures

530 Audit Sampling and Other Means of Testing

540 Audit of Accounting Estimates

545 Auditing Fair Value Measurements and Disclosures

550 Related Parties

560 Subsequent Events

570 Going Concern

580 Management Representations

600 Using the Work of Another Auditor

610 Considering the Work of Internal Auditing

620 Using the Work of an Expert

700 The Independent Auditor’s Report on Complete Set of General Purpose Financial Statements

710 Comparatives

720 Other Information in Documents Containing Audited Financial Statements

800 The Auditor’s Report on Special Purpose Audit Engagements

1000 Inter-Bank Confirmation Procedures

1004 The Relationship Between Bank Supervisions and Banks’ External Auditors

1005 The Special Considerations in the Audit of Small Entities

1014 Reporting by Auditors on Compliance with International Financial Reporting

To learn more about our incorporation assistance and a range of services of financial audit in Bangladesh, send us a message or call us at +81-3-5369-2930.