Bangladesh : Country Financial Accountability Assessment
This document assesses the quality of financial accountability and transparency in Bangladesh and makes recommendations for improvement. With respect to public funds, it compares the financial management standards and practices of agencies using such funds against an international or 'best practice' standard, and also the standards and practices of the external oversight' agencies - nine Audit Directorates of the Comptroller and Auditor General's Office, parliamentary committees concerned with public expenditure, donor agencies, and the media. It assesses what it would take to qualify the country for programmatic or sector lending in replacement of all individual project lending. With respect to private funds in the hands of companies, commercial banks, insurance companies and non-government organizations, it examines the regulatory activities of the Registrar of Joint Stock Companies, the Securities and Exchange Commission, the two Stock Exchanges, Bangladesh Bank, Nongovernmental Organizations (NGOs) Affairs Bureau and the accounting and auditing profession that serves both public and private sectors
Summary: | This document assesses the quality of
financial accountability and transparency in Bangladesh and
makes recommendations for improvement. With respect to
public funds, it compares the financial management standards
and practices of agencies using such funds against an
international or 'best practice' standard, and
also the standards and practices of the external
oversight' agencies - nine Audit Directorates of the
Comptroller and Auditor General's Office, parliamentary
committees concerned with public expenditure, donor
agencies, and the media. It assesses what it would take to
qualify the country for programmatic or sector lending in
replacement of all individual project lending. With respect
to private funds in the hands of companies, commercial
banks, insurance companies and non-government organizations,
it examines the regulatory activities of the Registrar of
Joint Stock Companies, the Securities and Exchange
Commission, the two Stock Exchanges, Bangladesh Bank,
Nongovernmental Organizations (NGOs) Affairs Bureau and the
accounting and auditing profession that serves both public
and private sectors |
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