Audit law

Audit Law Services in Bangladesh

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Overview

At Afzal and Associates, we specialize in providing comprehensive legal services in audit law, addressing a wide range of matters related to audit regulations, audit transactions, and audit disputes. As organizations in Bangladesh navigate the complexities of auditing requirements, our experienced team is dedicated to helping clients ensure compliance and effectively manage audit-related issues.

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Our Audit Law Services

1. Audit Regulations

Legal Support for Understanding and Complying with Audit Regulations

We offer a variety of services related to audit regulations, including:

Regulatory Framework Analysis: Advising clients on the relevant audit regulations applicable to their industry, including compliance with the Companies Act, 1994, which mandates the auditing of financial statements for registered companies in Bangladesh.

Bangladesh Accounting Standards: Providing guidance on adherence to the Bangladesh Accounting Standards (BAS) and International Financial Reporting Standards (IFRS), ensuring that financial statements are prepared and audited in accordance with established norms.

Ongoing Compliance Monitoring: Assisting organizations in establishing compliance monitoring systems to ensure ongoing adherence to audit regulations, including conducting regular audits and assessments.

2. Audit Transactions

Guidance on Compliance in Audit-Related Transactions

Our firm provides legal assistance regarding audit transactions, including:

Contract Drafting and Review: Assisting clients in drafting and reviewing contracts related to audit services to ensure compliance with applicable laws and regulations.

Licensing and Permits: Helping audit firms and professionals obtain the necessary licenses and permits required to operate legally within their respective sectors, ensuring compliance with regulatory standards.

Due Diligence: Conducting due diligence assessments for mergers and acquisitions to identify potential audit-related risks and liabilities associated with financial reporting.

3. Audit Disputes

Expertise in Resolving Audit-Related Conflicts

We offer comprehensive legal services related to audit disputes, including:

Litigation Support: Representing clients in disputes arising from audit findings, including challenges to audit reports and regulatory decisions.

Mediation and Negotiation: Assisting clients in resolving disputes through mediation and negotiation, aiming for amicable solutions that protect their interests while ensuring compliance with audit standards.

Regulatory Investigations: Providing legal representation during investigations by regulatory authorities, helping clients navigate the complexities of compliance inquiries and potential penalties.

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Relevant Laws Governing Audit in Bangladesh

Understanding the legal framework is essential for navigating audit law in Bangladesh. Key legislation includes:

Companies Act, 1994: This Act governs the formation, operation, and compliance requirements for companies in Bangladesh, including provisions for mandatory audits of financial statements.

Bangladesh Bank Regulations: These regulations set forth requirements for internal audits within banks and financial institutions, ensuring compliance with financial standards and practices.

Income Tax Ordinance, 1984: This ordinance outlines the tax compliance requirements for businesses, including the necessity of audits for tax purposes.

Public Procurement Act, 2006: This Act establishes auditing requirements for public procurement processes, ensuring transparency and accountability in government contracts.

Chartered Accountants Act, 1949: This Act regulates the profession of chartered accountancy in Bangladesh, including the licensing and conduct of audit firms.

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Contact Us for Professional Audit Law Services

If you are facing audit-related issues or require expert legal assistance, contact us today for a consultation. Our dedicated team is ready to provide the support you need to navigate the complexities of audit law in Bangladesh effectively.

🌏 Phone:

tel:01726634656⁠

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✉️ Email: advafzalhosen@gmail.com | advafzalhosen@outlook.com

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Related Services

Corporate Law Services

Regulatory Compliance Law

Governance Law Services

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