The Audit Procedure of Cash Incentive on ACNABIN Chartered Accountants

Abstract

After completing the BBA, students must work as interns for three months to obtain practical experience. On October 01, 2023, I started as an intern at ACNABIN Chartered Accountants, Karwan Bazar, and worked in cash incentive for three months. My report topic is “The Audit Procedure of Cash Incentive of ACNABIN Chartered Accountants”. The major objective of this report is to analyze the effect of the Cash Incentive and to learn about the overall process of the Cash Incentive and Audit Procedure. However, some fake exporters create false declarations in order to obtain benefits, thereby complicating the auditor's responsibilities to figure out between genuine and fake exporters. For offering services to clients in Bangladesh, Several national and international consulting firms are in reliable working partnerships with ACNABIN. The top audit company in the nation for auditing financial institutions and banks is ACNABIN. The primary data is collected from logical discussion meetings with clients, factory visit, conversation with the manager, articled students, and the auditing staff. From the study finding it can be concluded that Bangladesh's sector of exports has been providing the government with additional foreign currency. The government has been extremely careful in granting cash incentives on export revenues in order to promote the export sector. The effects on the economy in Bangladesh have been quite encouraging and favorable. Cash incentives encourage exporters to export more and they are benefited by receiving cash incentives. As a recommendation I would suggest that in order to expand the export industry, the government should continue these incentive procedures and add more new sectors to diversify products and to generate more earnings from export. For the ACNABIN Chartered Accountant firm, they should organize more than four training programs for increased efficiency among auditors.