Effectiveness of bank audit in Bangladesh
- 1 November 2002
- journal article
- Published by Emerald in Managerial Auditing Journal
- Vol. 17 (8), 502-510
- https://doi.org/10.1108/02686900210444833
Abstract
The study examines the effectiveness of financial audit of banking companies operating within Bangladesh. The scope of bank audit has also been examined. The audited financial statements of 14 sample banking companies have been considered. The study identifies seven sample companies that have actually overstated their profits. In spite of that, the firms auditing those financial statements have failed to issue qualified audit reports. Therefore, the study questions the level of independence, objectivity and competence of the auditors assigned for auditing banking companies.Keywords
This publication has 1 reference indexed in Scilit:
- ENVIRONMENTAL AUDITING: An Integrated Approach to Reservoir Management: The Williston Reservoir Case StudyEnvironmental Management, 2000