1. Welcome

2. Presented by - Mia Mohammad Shaheed Senior Finance Controller (Navy) Md. Zakir Hussain Assistant Comptroller and Auditor General SAI Bangladesh

3. Session Highlights 10 th ASOSAI Research Project – State of SAI Bangladesh SAI Bangladesh; a brief Detection Approach – Current state of ACC, Central Bank and SAI Bangladesh in combating Money Laundering and Fraud – based Corruption Prevention Approach – Issue based audits, Pre emptive audit. Challenges Measures taken- ACC, SAI and IC The way forward and Recommendations

4. SAI Bangladesh; a brief The Office of the Comptroller and Auditor General (OCAG), the Supreme Audit Institution (SAI) of Bangladesh is responsible for auditing government receipts and public spending and to ascertain whether expenditures have yielded value for money in government offices, public bodies and statutory organizations. Appointed by the President of the Republic, the Comptroller and Auditor General (CAG) heads the Supreme Audit Institution. CAG has the mandate to determine the scope and extent of audit. The Constitution of the People's Republic of Bangladesh provides the CAG with complete independence i.e. he is not subject to any other authority having access to all documents required for conducting audit.

5. Legal Mandate Constitution of the People’s Republic of Bangladesh PART VIII THE COMPTROLLER AND AUDITOR GENERAL

6. Audit Reporting; Techniques exercised by SAI Bangladesh Audit reports generated by the OCAG, Bangladesh attract significant attention by the Public Accounts Committee, hence Parliament. An audit report to be effective, needs to be timely and topical. In Bangladesh, revenue earning sectors, commercial enterprises, foreign aided projects, railway, power sector are the main addressable issues of audit. The budget in infrastructure is also another important area. Parliament, development partners, civil society and media vibrantly focus audits on different issues. OCAG itself keeps updating of new scope besides its yearly routine audit planning. In spite of some backlogs and other constraints, OCAG feels hopeful to continue successfully in this approach.

7. Communication with Key stakeholders

8. Key Audiences Public Accounts Committee Private sector - via Revenue audit directorate Civil Society Organization -via Media cell, website of the OCAG Development Partners Multilateral Organizations Anti Corruption Commission Auditee organizations Information Commission (Right To Information Act)

9. Central Bank SAI Bangladesh Anti Corruption Commission

10. Challenges - mindset - time gap between field audit and final reporting; - slow pace of responses from the auditee; - follow-up activities from offices involved.

11. Measures taken: Redefining OCAG as ‘PROACTIVE’ – Professionalism Reliability Objectivity Accountability Credibility Transparency Integrity Viability Ethics

12. Measures taken: Harmony with the expectation of Public Accounts Committee Consideration of significant issues Expected communication with specific stakeholders - Public Accounts Committee ; - Anti Corruption Commission; - Information Commission (through RTI Act) - Media

13. The way forward The recent trend of emergence of types of corruption and fraudulent practice knocks the regularity bodies to be aware more in handling particular malpractices (Money Laundering, Fraud) on time with an efficient manner. Such issues got attention of major regulatory bodies including Anti Corruption Commission and SAI, Bangladesh. It may be expected that in reasonable time SAIs will uplift their position in dealing with the issue of exercising, developing and ensuring independence in SAI functioning based on its reports.

14. Thank You