Audit fees for banks set by FRC for the first time

Bangladesh is witnessing a growing debate over who should be legally authorised to conduct audits. As someone qualified as both a chartered accountant (CA) and a cost and management accountant (CMA) from India, I value both professions.

All these troubled banks were externally audited, and received clean chits. Yet, we see very little discussion regarding such audit failures.

Following a recent policy decision, the Bangladesh Telecommunication Regulatory Commission (BTRC) has taken the initiative to conduct a comprehensive audit of Teletalk, the state-owned telecom company, for the first time.

The head of FIFA's independent audit committee Domenico Scala quit Saturday in protest at what he called attacks on reforms of the scandal-tainted world football governing body by its leadership.

Mahabubul Haque Chisty, chairman of the Farmers Bank's executive committee, is at the centre of controversies surrounding the newly established bank.