Audit & controls · Outsourcing
Internal Audit Services That Show Your Board Where the Risk Sits
PayrollBangladesh runs an independent internal audit of your Bangladesh operations, so you don't need an in-house team. We test the controls around payroll, procurement, cash and compliance, rate every finding by risk, and stay with you until each one is fixed.
- Risk-based audit plan agreed before fieldwork
- Every finding rated, owned and dated
- Follow-up until each action is closed
- Payroll overridesHigh
- Vendor master changesMedium
- Petty cash claimsLow
Every finding gets an owner and a close date
Audit coverage
Internal Audit Across the Processes That Move Your Money
Pick one process or the whole business. Each area is tested against your own policies and the Bangladesh rules that apply to it, not a generic checklist.
Payroll and HR
Headcount, salary changes, overtime, final settlements and tax deducted from pay, checked against approvals.
Procurement and payables
Vendor onboarding, purchase approvals, three-way matching, and duplicate or split payments.
Cash, bank and treasury
Bank reconciliations, signatory limits, petty cash and payment authorisation.
Revenue and receivables
Billing accuracy, credit notes, collections and changes to customer records.
Inventory and fixed assets
Stock counts, write-offs, asset tagging and disposals against the register.
Tax and VAT at source
Withholding tax and VAT deducted at source, deposited on time and backed by challans.
IT access and data
User access, segregation of duties, and who can change master data in your ERP or payroll system.
Policy and labour compliance
Leave, working hours, registers and internal policies checked against how work actually runs.
Engagement models
Choose How Much of Your Internal Audit Function We Run
Some companies hand us the whole function. Others need extra hands or one sharp review. The method and the reporting stay the same.
Fully outsourced internal audit
We act as your internal audit function: an annual plan, fieldwork through the year and reporting to your board or audit committee.
- Annual risk-based audit plan
- Quarterly reviews and reports
- A named audit lead for your company
Co-sourced internal audit
Your team keeps ownership. We add specialists for areas it does not cover, or extra people at peak periods.
- Specialist reviews of payroll, IT access or tax
- Your methodology or ours
- Knowledge transfer to your staff
Single-scope review
One process, one question, one report. Useful before a board meeting, after a fraud alert or when a process changes.
- Fixed scope and dates
- Root cause for each finding
- An action plan you can hand to the owner
| Model | Who owns the function | What we cover | Best for |
|---|---|---|---|
| Fully outsourced | We act as your audit function | Annual plan, fieldwork through the year, board reporting | Companies with no in-house audit team |
| Co-sourced | Your team keeps ownership | Specialist areas, or extra people at peak periods | Companies with a small in-house team |
| Single-scope review | Your management | One process, fixed scope and fixed dates | A board question, a fraud alert or a process change |
Audit cycle
From Scope Letter to Closed Finding
Five stages, each with a sign-off, so nothing reaches your board that management has not already seen.
Scope and risk map
We meet your leadership, map the key risks and agree the areas, sample sizes and dates in a scope letter.
Fieldwork and testing
We walk through each process, test samples against approvals and records, and document every exception.
Findings agreed
Draft findings go to the process owners first, so the facts are confirmed and an action plan is agreed.
Board-ready report
You receive a risk-rated report with an executive summary for your board or audit committee.
Follow-up to closure
We re-test agreed actions on their due dates and report what is closed and what is still open.
Deliverables
What You Receive After Every Internal Audit
Every PayrollBangladesh engagement ends with clear documents that management can act on and directors can read in minutes.
Risk-rated findings report
Each finding with the evidence, the root cause and a high, medium or low rating.
Management action plan
One owner and one due date per action, agreed with the people who will do the work.
Board and audit committee summary
A short read on the key risks, what changed since the last review and what is still open.
Follow-up tracker
A running list of open actions, updated after every re-test.
Independence
What We Will and Won't Do as Your Internal Auditor
We will
- Report every finding we confirm, including the uncomfortable ones
- Show you the evidence behind each rating
- Let process owners respond before the report goes up
- Keep your records confidential
We won't
- Sign your statutory audit opinion; that stays with your external auditor
- Audit a process we designed or run for you, such as books we keep under our accounts outsourcing service
- Promise that an internal audit will catch every fraud
- Drop a finding because it is inconvenient
Buying or investing in a company? That calls for a due diligence review, not an internal audit.
FAQs
Internal Audit Services: FAQs
Short answers to what finance leads and directors ask before they start.
Bangladesh Rules and Standards Behind Internal Audit
General information for companies operating in Bangladesh, not legal advice. Check the current text of each rule for your situation.
Companies Act 1994: statutory audit is required, internal audit is your choice
Every company registered in Bangladesh must appoint an auditor to audit its annual accounts. The Act does not require most private companies to run an internal audit; boards choose one to manage risk and strengthen controls.
BSEC Corporate Governance Code 2018 for listed companies
Companies listed on a stock exchange in Bangladesh must have a board audit committee and appoint a Head of Internal Audit and Compliance. The Code also stops the statutory audit firm from providing internal audit services to the same company.
Banks and financial institutions
Bangladesh Bank sets separate internal control and compliance requirements for banks and financial institutions, including the role of the board audit committee.
Global Internal Audit Standards
The Institute of Internal Auditors' Global Internal Audit Standards took effect on 9 January 2025, replacing the 2017 standards. Ask any internal audit provider, including us, how its work conforms to them.
Sources: BSEC Corporate Governance Code, 3 June 2018 · The IIA, Global Internal Audit Standards
Ready to See Where Your Controls Stand?
Tell us which processes worry you and where you operate. PayrollBangladesh will reply with a scoped internal audit plan and a written quote.