Analysis of Internal Control and Internal Auditing System of Abdul Monem Limited

Abstract

Abdul Monem Limited (AML) is one of the main combinations in Bangladesh. AML is a Private Limited Company. The Internal Control and Compliance is one of the help office built up in Abdul Monem Limited with the end goal to keep up a powerful and smooth working in the association .And additionally to screen every one of the exercises like from intending to income age every progression of AML and its backups.Interior Control is the instrument set up consistently to control the exercises in an association, both at a focal and at a departmental divisional dimension. A key part of powerful internal control is the task of a strong bookkeeping and data framework.Inner Audit is the most critical piece of an association for keeping the essential corporate administration in any association. Abdul Monem Limited is one of the biggest generation based associations and their business is extended in general the nation subsequently it is very difficult for them to moderate a fitting corporate administration. The target of interior review division, in participation with AML, is to help the entire arrangement everything being equal so any sort of misappropriations can be ceased.And furthermore to guarantee the Audit Committee a sound Internal Control Structure by guaranteeing that Internal Auditing capacities are built up in the AML, that a best practice inside review process system is connected and that the interior review consistence detailing and the inward review special case revealing procedures are clung to. The organization attempts to hold great and solid inside control and consistence structure by keeping up order and truthfulness everywhere throughout the association through its talented and devoted workers. The job of interior review and inside control of AML is huge. This single factor assumes an extraordinary job in supporting the trustworthiness and estimations of the association by looking at, assessing changed exercises of the association.