| dc.description.abstract | In Bangladesh NGOs have appeared as the savior of countless number of people without
food, cloth, education and basic health facilities. The NGOs are working on poverty
eradication by directly involving the poverty stricken population.
BRAC is a leading humanitarian organization fighting global poverty. They place special
focus on working alongside poor women since women have the power to help the whole
family and the entire community to escape poverty. Their efforts are to improve basic
education, prevent the spread of diseases, increase access to clean water and sanitation,
expand economic opportunities and protect natural resources. They also deliver emergency
aid to survivors of wars and natural disasters and help people rebuild their lives. BRAC has
substantial operation in a growing number of Asian and African countries. They work in
countries where they achieve a major impact on reducing poverty and improving livelihoods.
BRAC has a moderate accounting department which ensures cash flows of qualified
budgeting, employees’ salary, organizational financial activities, and sorting the process of
donors’ financial activities. I did my term paper on the accounting procedures of BRAC. The
term paper focuses on the accounting practices and the internal control system done by the
NGOs. The report attempts to identify in Bangladesh context Fiduciary responsibility of
NGOs and their compliance to those, the way the state of Bangladesh regulates NGOs which
finance charitable work through foreign donations. The regulatory requirement and
framework of operation are limited to hold NGOs accountable to the beneficiaries. The
requirements of the existing NGO accountability frameworks in Bangladesh are skewed
towards the demands of the two influential groups – the donors and the state. The paper is
limited to one NGO—BRAC (Bangladesh Rural Advancement Committee | en_US |
