The Procedure of Cash Incentive & its Role in the RMG Sector of Bangladesh

Abstract

Rahman Rahman Huq & Co. Chartered Accountants Firm is one of leading Chartered Accountants Firm in Bangladesh. Rahman Rahman Huq & Co. holds the First Position among all the chartered accountancy firms of Bangladesh as per recent evaluation done by Bangladesh Bank and Bangladesh Securities & Exchange Commission (BSEC). All the knowledgeable persons work together efficiently for catching the top position in market. That acts as a standard model for other firm. The internship report has been prepared by internship experience and activities which were gathered during internship period. This report is all about cash incentive activities in Rahman Rahman Co. Chartered Accountants. This report is sub-divided into six parts: part one is following both introductory, Part-two A brief History Cash incentive in RMG Sector, Part-3 is An overview the Organization, Part-4 Literature Review, Part-5, Data Collection, Analysis and Findings, Part-6, Recommendations and Conclusion. Appendices & References have been attached after the body of the report. In the appendix, all the necessary documents have been affixed. Finally, working papers of Cash Incentive Audit in RMG Sector, the necessary documents have been given for providing practical exposure to the readers of the repot. This report writing started with a strong background, objectives of the study and also the limitations faced in conducting the study. Moreover, there is also discussion about the process of export-related documents. It will be strongly helpful for those who are not familiar about the export related documentations. In addition, there is also an integration of procedures of cash incentive audit and related documents to be checked by the audit firms which will be beneficial for auditors who are going to start cash incentive audit and who are out of audit profession but interested in this issues. On the basis of the observations in conducting the research study, some recommendations have been drawn at the end of the report. It plays a vital role for protecting the misuse of Government's invaluable resource.