Code of Business Conduct
Internal and Statutory Audit
The internal audit department aids the company to achieve its strategic objectives by introducing a
methodical approach to develop the effectiveness of its risk management, control and governance processes. The
duties of the internal audit department are broken down into a risk-based audit plan, covering the strategic
imperatives and major risks areas surrounding the company.
Statutory audit of the company is governed by the Companies Act 1994 of Bangladesh which provides
explicit guidelines for the appointment, scope of work, and retirement of auditors. The auditors are appointed
by the shareholders in the Annual General Meeting (AGM).