Skip to main content
Tuesday, 11 August 2015 00:00

Ombudsperson

Written by

BRAC has established an office of the Ombudsperson with a comprehensive mandate to investigate any incident of misadministration and misuse of power within BRAC. This includes grievances such as corruption, abuse of power or discretion, negligence, oppression, nepotism, rudeness, arbitrariness, unfairness and discrimination. BRAC's current ombudsperson is Ms Rokeya Sultana.

Consultants:
Aminul Islam
Dilruba Begum

Executive Assistant:
G. M. Rezwan Siddique
Forhad Hossain

Contact Details:

BUET Housing Society
B 1/5, Flat # E-2, W-5, (Lake side)
South Badda, Badda, Dhaka 1212

Phone: 8802222282072
Mobile: 8801729071218
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

 

Tuesday, 11 August 2015 00:00

Internal audit services

Risk Based Internal Audit (RBIA)
Risk based internal auditing (RBIA) as a methodology that links internal auditing to an organisation's overall risk management framework. RBIA allows internal audit to provide assurance to the Finance & Audit Committee that risk management processes are managing risks effectively, in relation to the risk appetite. Under this audit, Internal Audit Department will focus on the risky areas of the internal control systems rather than the total process of a system.

System Audit
System Audit is one of the latest auditing models which was introduced at BRAC Internal Audit Department in 2016. System Audit is designed to ensure and report to the management about the adequacy and effectiveness of the overall control system already operated and to report for further system enhancement and development.

Information Systems Audit
To pay attention to the need of information security and control as well as information resource and components management, Information Systems Audit has been initiated this year. For this Information Systems Audit Program and Checklists have been developed incorporating Information Systems Audit and Control Association (ISACA) standards and global best practices.

Compliance Services
Compliance services helps to identify whether the organisation’s internal and external compliances culture is practiced or not. Following are the compliance services:

  • Self audit of programmes through internal control questionnaire (ICQs)
  • Regulatory compliance
  • Donor compliance
  • IT Compliance
  • Branding Compliance

Physical verification of inventory, fixed assets and cash
Physical verification of inventory, fixed assets and cash is an important part of the organisation’s internal controls. As a part of periodic requirement, Internal Audit Department conduct an annual physical count of inventories, assets and cash to verify actual quantities, values and amounts.

Surprise Audit
Internal Audit Department conducts Surprise Audit considering the nature and level of risks as well as assessment of Internal Auditors.

Special Audit/ Investigation
Any special audit and investigation is carried out by Internal Audit Department individually or jointly with the other departments if assigned by Finance and Audit Committee.

Tuesday, 11 August 2015 00:00

Internal audit staff Information

Internal audit department of BRAC and BRAC International is headed by the Director, Internal Audit. With professional experience of more than 18 years in internal control system, assurance, accounting, compliance management, risk management, income tax and legal affairs, Director ensures the delivery of responsibilities that IAD of BRAC and BRAC International has been entrusted with.

Currently IAD is empowered with a total of 282 permanent staff of which 239 works under BRAC and 43 works under BRAC International. Most of IAD staff has professional accounting and auditing background. A considerable number of senior officials of IAD are members of professional bodies like ICAB, IIA, ACCA and ISACA.

 

Information BRAC BRAC International
Total number of staff 239 43
Number of staff with professional accounting and auditing background 145 18
Staff with one or more membership of professional bodies from the following: 23 9
Institute of Internal Auditors, Bangladesh (IIAB) 13 2
Institute of Chartered Accountants of Bangladesh (ICAB) 3 1
Institute of Chartered Accountants in England and Wales (ICAEW) 1 -
Association of Chartered Certified Accountants (ACCA) 5 4
Certified Public Accountant (CPA) -Tanzania - 3
IICFIP (International Institute of Certified Forensic and Investigative Audit Professionals)  - 1
Information Systems Audit and Control Association (ISACA) 1 1
ISO/IEC 27001 Lead Auditor 3 -

 

Tuesday, 11 August 2015 00:00

Internal audit

Internal Audit Department of BRAC and BRAC International(BI) is committed to assist BRAC and BRAC International by providing an independent appraisal within BRAC and BRAC International to determine the appropriateness, soundness and adequacy of the organisations' accounting, financial and operational controls. These appraisals provide information and recommendations to stakeholders. In addition to the formal and regular audits, we are happy to answer questions and give advice regarding specific policies and procedures and act as consultants on internal controls.

We hope this site will provide you with helpful information regarding the Internal Audit Department and our functions. Please feel free to contact us if you have any questions, suggestions, or comments.

 

Internal Audit Charter

Internal Audit Charter provides the framework of internal audit procedures in BRAC and BRAC International. This has been approved by the Chairperson of BRAC and by the Finance and Audit Committee of BRAC. The Charter primarily aims to define and establish the following elements for Internal Audit Department (IAD) of BRAC and BRAC International:

  • The role of Internal Audit;
  • The objectives of Internal Audit Department;
  • The rules of conduct (as per guidelines of Institute of Internal Auditors);
  • The scope, authority, responsibility and accountability;
  • Reporting;
  • Independence and Professional standards;
  • Continuity and impartiality;
  • Quality assurance and improvement programme for Internal Audit

To know more about internal audit charter of BRAC and BRAC International, you may download the Internal Audit Charter from the following link:

Internal Audit Charter- BRAC
Internal Audit Charter- BRAC International

 

Core Functions of Internal Audit Department

  • Formulating and updating internal audit charter, internal audit manual;
  • Formulating audit plan, audit programme, audit guidelines, audit policies and procedures;
  • Updating internal audit system and present the same to the Finance and Audit Committee;
  • Assuring the Finance and Audit Committee, and Senior Management regarding the adequacy and effectiveness of internal control system, compliances and risk management. Advising on financial and operational risk management, compliance and internal control matters as required, evaluating adequacy and effectiveness of existing policies and controls and giving recommendation for necessary improvement;
  • Initiating and managing audits (both system audit, continuous/ periodic audit and risk based audit) to improve operations, help in managing risks, identify and communicate best practices;
  • Presenting most pertinent issues to the Chairperson/ Finance and Audit Committee/ ED/ Top Executives in-time;
  • Participating in internal audit review management committee (IARMC) by selecting and presenting issues demanding immediate attention, follow-up of decisions taken in IARMC and informing IARMC about the implementation status of decisions taken for improvement of internal control system of the respective programme or enterprise at large;
  • Presenting the operations of internal audit department to foreign delegates, external auditor, international auditor and evaluation team as required;
  • Reviewing the application and effectiveness of risk management procedures and risk assessment methodologies of various programmes and activities;
  • Assisting in investigation and inspection of significant suspected fraudulent activities and notify the Finance and Audit Committee/ED.

 

Contact

If you have any question, suggestion, comment or need further assistance, please feel free to contract -

Office of Director
Internal Audit Department, BRAC and BRAC International
BRAC Centre
75, Mohakhali, Dhaka-1212, Bangladesh
Tel: 88 02 2222 81265, Fax: 88 02 2222 63542
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Monday, 10 August 2015 00:00

Good Management Practices

Written by

BRAC's internal control system is designed to get reasonable assurance about effectiveness and efficiency of operations, reliability of financial data and compliance of applicable rules, regulations and procedures. Management's integrity, attitude, actions, and ethical values help raise consciousness control among the staff. BRAC management believes that controls are important to achieve the objectives and to communicate its view to staff at all levels. Clear policies and procedures, documentation process, table of authority, segregation of staff duties, supervision and accountability have made the organisation transparent. Considering the internal control a continuous process BRAC periodically reviews and modifies the system in the changing circumstances. At the top of its control mechanism, there exists the willingness of BRAC governing body to ensure internal control and transparency.

BRAC's affiliate organisations, BRAC USA and BRAC UK, also have their own accountability and governance systems that operate independently of BRAC.

BRAC became a full charter member of the INGO Accountability Charter in December 2013. The INGO Accountability Charter was incorporated in 2008. It is registered as a company in the UK and having its secretariat in Berlin, Germany. The objective is to create and develop a charter relating to the accountability of non-governmental organisations. At present there are 26 full charter members. Please visit the link to the Charter website for details: http://www.ingoaccountabilitycharter.org.

The Accountability Reports submitted by BRAC are available in the website of INGO Accountability Charter at this link: http://www.ingoaccountabilitycharter.org/home/charter-members/brac.
 

Child Protection Policy:
In December 2010, BRAC's governing board adopted the following child protection policy,

BRAC Child Protection Policy


Gender Policy: BRAC promotes gender equity and equality within the organisation. To provide the right direction and guidelines to all BRAC staff, BRAC has implemented Gender Policy and Sexual Harassment Elimination Policy,

BRAC Gender Policy
BRAC Sexual Harassment Elimination Policy  

 

Safeguarding Policy:
BRAC has for over forty years made the safety of the participants of its programmes as well as the safety of the employees of its programmes and enterprises of paramount importance in the way it has conducted its (anti-poverty) work.

BRAC Safeguarding Policy



Memorandum of Association
: Memorandum of Association - BRAC (Revised in 2013)

 

16 November 2014

11 November 2014

Saturday, 13 June 2015 00:00

Development far beyond the boundaries

9 December 2014

Saturday, 13 June 2015 00:00

The small miracles of Sir Abed

23 December 2014

Join the world’s biggest family

sign-up

Subscribe

STAY INFORMED. Subscribe to our newsletter.

Top