Faculty of Business Administration

Southeast University
Internship Affiliation Report On

“Audit Procedures of a Chartered Accountant Firm”

An Internship Presented to the Faculty of Business Administration in Partial
Fulfillment of the Requirements for the Degree of Bachelor of Business
Administration (BBA)

Supervised by

Kamrunnahar

Lecturer

School of Business Studies

Submitted by

S.M.Al-Rafi
ID: 2014210000154
Batch: 38th
Major in Finance
Date of Submission: 10th May, 2018
 Internship Affiliation Report On

“Audit Procedures of a Chartered Accountant Firm”

Letter of Transmittal

10th May 2018

Kamrunnahar
Lecturer
School of Business Studies
Southeast University (SEU)

Subject: Submission of the Internship Affiliation Report.

Dear Madam,

With great gratification I am submitting my internship report on “Audit Procedures of a Chartered

Accountant Firm” in Tofayel Ahamed & Co. that you have assigned me as an essential
requirement of internship program. It is really an enormous prospect for me to congregate vast
information and grasp the subject matter in an appropriate way. I have found the study is quite
interesting, beneficial, insightful and tried my level best to prepare an effective and creditable
report.

I therefore, request you to accept this report and give me proper suggestion to work in my life and
I pray and hope that the mistakes, the report may have will be kindly excused.

Yours Sincerely,

……………………

S.M. Al-Rafi

2014210000154

Major in Finance

Department of Bachelor of Business Administration (BBA)

Southeast University –SEU
 DECLARATION

I hereby declared that this Dissertation or any part of it has not been submitted elsewhere for the
award of any degree or diploma.

…………………………………
S.M. Al-Rafi
2014210000154
Batch: 38th
 Letter of Endorsement

The internship report entitled “Audit Procedures of a Chartered Accountant Firm” in Tofayel
Ahamed & Co. has been submitted to the office of placement & Alumni, in partial fulfillment of
the requirements for the degree of Bachelor of Business Administration (BBA), Major in Finance,
faculty of business administration on 10th May 2018 by S.M. Al-Rafi, ID#2014210000154.The
report has been accepted and may be presented to the Dissertation defense committee for
evaluation.
(Any opinion, suggestion made in this report is entirely that of the author of the report. The
university does not condone nor reject any of these opinion or suggestions).

…………………………………

Kamrunnahar

Internship Supervisor

Lecturer

School of Business Studies

Southeast University
 Acknowledgement

First and foremost, we would like to express thanks to Almighty ALLAH because of His love and
strength that He has given to us to finish this report. We also thank for His blessings to my daily
life, good health, healthy mind and good ideas.

We would like to thanks Kamrunnahar giving me her valuable time and sincere guidance by
pointing out the flows of my report and by providing me the right direction.
I would also like to give thanks M.A. Faroq, Head Manager, compensation and rewards, finance
division of Tofayel Ahamed & Co. to give me his valuable time and provide me the required
information for our report. In additions, I would also like to express my gratitude to Tofayel
Ahamed & Co. fellows, seniors who gave usorganized advices, suggestions, inspirations and
support.
 Executive Summary

This report titled “Audit Procedures of a Chartered Accountant Firm – A report on “Tofayel
Ahamed & Co.” is an outcome of BBA internship program. Such programs facilitate us to apply our
understanding of the theoretical knowledge in the practical field. This report contains the details of the
audit practice followed by Tofayel Ahamed & Co. Chartered Accountants.

Tofayel Ahamed & Co. Chartered Accountants - an independent a member of ICAB, which is the
12th largest firm in Bangladesh- as my first experience to professional world. Tofayel Ahamed
& Co. Chartered Accountants has established a close working relationship with many international
and national consulting firms for providing services to clients in Bangladesh. In this way Tofayel
Ahamed & Co. has enriched its professional base for serving the clients interest in best manner.

In these twelve weeks’ internship program, I was allocated in the Rangs Group as an Audit staffs.
I have worked in this report followed by the knowledge that I have gained from working, trainings
and my personal experiences.

The first part of the report consists an introduction and description of the project. The second part
of the report contains of achievement of Tofayel Ahamed & Co... In the third part I have tried to
discuss about the challenges and proposed course for action and in the fourth part about introduced
my learning and in the fifth part I discuss concluding statement of Tofayel Ahamed & Co…
Followed by this in the next sections I have tried my best to include my finding and
recommendations from my point of view to carry out audit engagement in Tofayel Ahamed & Co.
and to minimize such problems.
 Table of content
Serial No Content Page no

Chapter One Introduction 1-3

1.1 Rational of the study 2

1.2 Objective of the study 3

1.3 Methodology of the study 3

1.3.1 Data collection method 3

1.3.2 Data analysis method 3

1.4 Limitation of the study 3

Chapter Two Organizational overview 4-7

2.1 History of the organization 5

2.2 Objective of the organization 5

2.3 Role of the organization at economic development in 6

Bangladesh

2.4 Function of the organization 6

2.5 Organogram of the organization 7

Chapter Three Activities undertaken 8-11

3.1 Service provided by organization 9

3.2 Information collected by organization 10

3.3 Client of the organization 11

Chapter Four Data analysis and Finding 12-21

4.1 Analysis of Data 13

4.2 Finding 21

Chapter Four Recommendation and Conclusion 22-24

5.1 Recommendation 23

5.2 Conclusion 24