Anup Kumar Saha
Management Disclosures on Internal Control in Annual Reports- A Study on Banking Sector: Bangladesh Perspective
Saha, Anup Kumar; Arifuzzaman, S.M.
Even though no regulations require, public limited companies include management reports regarding internal controls in annual reports. Accountants and auditors are in a good position to suggest what degree of reporting is appropriate as they are directly involved in auditing financial statements and reviewing internal controls. This is a unique opportunity for management to discuss issues and concerns not communicated elsewhere in the annual report. From the very beginning there is a growing consensus as to what the content should include: financial statement presentation; purpose, nature and components of internal controls; roles of internal audit, independent auditor and audit committee. A significant number of companies studied acknowledge that “the systems are designed to provide only a reasonable assurance of meeting stated objectives.” If independent auditor’s attestation of such management reports were required; such a mandate would have a significant impact on roles of both the independent auditor and management.
Saha, A. K., & Arifuzzaman, S. (2011). Management Disclosures on Internal Control in Annual Reports- A Study on Banking Sector: Bangladesh Perspective. International Journal of Economics and Finance, 3(5), 216-222. https://doi.org/10.5539/ijef.v3n5p216
|Journal Article Type||Article|
|Publication Date||Oct 1, 2011|
|Deposit Date||Nov 6, 2013|
|Publicly Available Date||Feb 17, 2014|
|Journal||International Journal of Economics and Finance|
|Publisher||Canadian Center of Science and Education (CCSE)|
|Peer Reviewed||Peer Reviewed|
|Keywords||Internal control, Securities and exchange commission, Dhaka stock exchange, Audit committee, 10-K.|
Published Journal Article
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