Audit Procedures of Razzaque & Co. Chartered Accountants

Abstract

The report which is based on an internship program, is one of the requirements for Daffodil International University’s Bachelor of Business Administration degree. Learning more about the “Audit Procedures of Razzaque & Co. Chartered Accountants” is the reports primary goal. The study investigates Razzaque & Co. Chartered Accountants audit procedures for financial statements, including their adherence to Bangladesh Standards on Auditing (BSA) and ICAB regulations, methods for acquiring a fair viewpoint, and auditing effectiveness. For addressing the research problem, the study used a methodology that included non-probability judgment sampling, as well as primary and secondary data collection, analysis, and arrangement based on the requirements of the study. The report’s findings suggests that auditors encounter problems to review clients' books of account for time limitations and often experience difficulties in obtaining evidence. The lack of competence among junior auditors causes supervisors to be unaware of audit progress. Furthermore, students at Razzaque & Co. Chartered Accountants may not receive proper introductions to potential clients. The study recommends that auditors analyze three-quarters of financial statements in order to prevent misstatements and enhance audit accuracy. It also demonstrates the importance of management providing necessary paperwork, supervisors maintaining a productive environment, students receiving direction for document verification, and auditors collecting documents from the head office. The report highlights the firm’s dedication towards offering high quality services to clients.