Financial Management & Audit

Financial management

MUKTI Cox's Bazar wants to develop 360º accountability and transparency system in financial management. It follows generally accepted accounting principles (GAAP) rules and concepts for recording, analyzing, preparing reports, and closing books of accounts. It has a standard financial policy (written in easy understandable languages and useable rules) for maintaining day-to-accounts as well as reports. As per policy all transactions made through bank except the pretty expenses. It has been maintaining separate books of accounts for each project. Currently, it has 26 Bank accounts in Cox's Bazar districts. The main and/or mother account is operated by joint signatures from EC President/secretary and chief executive. Most of the project accounts maintained and operated by one from EC and chief executive. But branch accounts are maintained by respective manager and two others staffs.

Auditing

MUKTI Cox's Bazar conducts audit of accounts by the approved auditors of the Government of the People's Republic of Bangladesh Government each year. There is no significant misappropriation and/or fraud reports any of it’s project/upazila so far. It has established internal control structures by ensuring control environment, risk assessment, control activities, monitoring and communication. Segregation of duties made appropriately e.g. three different functions of any financial transactions recording, custodian and authorizing roles have been performed by three different individual. There is an independent Monitoring and auditing department directly reportable to chief executive of the organization.

mukti audit report
mukti audit report
mukti audit report