Financials & External Audit
BRAC's finance and accounts department is responsible for financial planning and record-keeping, managing costs, assets and liabilities, financing investments, analysing cash-flow and profitability, and preparing budgets and financial frameworks for the development programmes. The department is accountable for donor grants, property, provident funds, employee gratuity, salary, tax and loans. It produces annual and monthly consolidated financial statements and fulfils the rules and regulations of the NGO Affairs Bureau, Microcredit Regulatory Authority (MRA) and other regulatory bodies. Through this department we ensure effective financial control and transparency of the financial data of our projects and enterprises, garnering the trust and confidence from all those with whom we work.
In 2007, for the third year in a row, BRAC was awarded the Financial Transparency Award by the Consultative Group to Assist the Poor (CGAP) fin recognition of its full compliance with international disclosure. In 2008, BRAC received the "Gold Award" for Best Printed Accounts for 2007 from The South Asian Federation of Accounts (SAFA). BRAC received this award in 2006 and 2005 as well.
In 2008, BRAC was also awarded the First Position in the NGOs/MFIs Sector by the Institute of Chartered Accountants of Bangladesh (ICAB) in the category National Awards for Best Published Accounts and Reports 2007. BRAC also received this award in 2006, 2005 and 2004.
Our Tax ID in the USA is: 20-8456741.
Our UK Registered Charity Number: 1115482