Corporate Fraud and the Role of auditors-Bangladesh perspective
CORPORATE FRAUD & THE ROLES OF AUDITOR (BANGLADESH PERSPECTIVE)
Submitted To: Tahmina Ahmed Lecturer Department Of Accounting And Information Systems University Of Dhaka.
Submitted By: Group No. 02 ID 18003 18051 18053 18073 18089 18200 NAME Safiqur Rahman Mahadin Anik Mahmudul Islam Arnab Kumar Chakrabartty Abdullah Al Noman Namrata Chakma
Date of Submission: November 11, 2014.
1|Page
This Report Includes The Following Contents
Chapter No.
Contents
Page No.
01.Introduction
1.1 1.2 1.3 1.4
Introduction. Scope of the report. Objective of the report. Limitations of the report. What is corporate fraud? Kinds of corporate frauds. Reasons for corporate fraud. Auditor’s role. Bangladesh perspective. Findings of the study.
03 03 03 04 04 05 05 06 09 10
02.Literature Review
2.1 2.2 2.3 2.4 2.5
03.Findings Of The Study
3.1
04.Conclusion & Recommendations
4.1 4.2
Conclusion. Recommendations.
12 13
05. References.
5.1
References.
14
2|Page
CHAPTER 1
INTRODUCTION
1.1 WHAT IS CORPORATE FRAUD AND WHAT WE ARE GOING TO DO THROUGHOUT THE WHOLE REPORT? The term ‘Fraud’ essentially includes the use of deception to make some personal gains for oneself dishonestly obviously and create some losses for another within the organization or outside the organization. Although definitions of corporate fraud vary in different situations, most of them are based on these general themes. The term ‘Corporate Fraud’ usually includes activities such as corruption, misuse of accounts, payroll fraud, embezzlement, theft, conspiracy, money laundering, extortion and bribery. Corporate fraud can be internal or external but must be related to the organizations anyway. Throughout the whole report we will discuss the scope of the report, objective of the report, limitations of the report. We will discuss the nature of the corporate fraud and the role of the auditors in detecting those frauds in Bangladesh perspectives. We’ll also discuss what practices the auditors Bangladesh use in detecting and solving
Submitted To: Tahmina Ahmed Lecturer Department Of Accounting And Information Systems University Of Dhaka.
Submitted By: Group No. 02 ID 18003 18051 18053 18073 18089 18200 NAME Safiqur Rahman Mahadin Anik Mahmudul Islam Arnab Kumar Chakrabartty Abdullah Al Noman Namrata Chakma
Date of Submission: November 11, 2014.
1|Page
This Report Includes The Following Contents
Chapter No.
Contents
Page No.
01.Introduction
1.1 1.2 1.3 1.4
Introduction. Scope of the report. Objective of the report. Limitations of the report. What is corporate fraud? Kinds of corporate frauds. Reasons for corporate fraud. Auditor’s role. Bangladesh perspective. Findings of the study.
03 03 03 04 04 05 05 06 09 10
02.Literature Review
2.1 2.2 2.3 2.4 2.5
03.Findings Of The Study
3.1
04.Conclusion & Recommendations
4.1 4.2
Conclusion. Recommendations.
12 13
05. References.
5.1
References.
14
2|Page
CHAPTER 1
INTRODUCTION
1.1 WHAT IS CORPORATE FRAUD AND WHAT WE ARE GOING TO DO THROUGHOUT THE WHOLE REPORT? The term ‘Fraud’ essentially includes the use of deception to make some personal gains for oneself dishonestly obviously and create some losses for another within the organization or outside the organization. Although definitions of corporate fraud vary in different situations, most of them are based on these general themes. The term ‘Corporate Fraud’ usually includes activities such as corruption, misuse of accounts, payroll fraud, embezzlement, theft, conspiracy, money laundering, extortion and bribery. Corporate fraud can be internal or external but must be related to the organizations anyway. Throughout the whole report we will discuss the scope of the report, objective of the report, limitations of the report. We will discuss the nature of the corporate fraud and the role of the auditors in detecting those frauds in Bangladesh perspectives. We’ll also discuss what practices the auditors Bangladesh use in detecting and solving