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Auditors' Disciplinary Board Fines Audit Office 10,000 BD and another 5,000 BD

08-12-2022

The Auditors' Disciplinary Board, which held its sessions at the Ministry of Industry and Commerce, decided to fine an audit office 10,000 BD, and fine another office 5,000 BD, after proof of external auditors law violation, as well as violating principles of profession and responsibilities entrusted to them, and committing acts that offend the profession, making false statements, and not conforming to international standards of auditing, and preparing and presenting financial statements.

The Ministry requested the convening of the Disciplinary Board after several reports submitted by the Companies Control Directorate at the Ministry, about detecting errors in the final accounts of many of companies they audited, and reports of their violation of international standards of auditing and the preparation and presentation of financial statements, and insufficiency of supporting documents in audit files and other multiple violations.