Audit Report Mashiur Rahman 
First of all I would like to thank the Almighty Allah for giving me the power, and the ability to complete this report. I am sincerely grateful to my course teacher, mentor, and counselor Kashfiya Afrin for assigning me such an interesting topic “Financial System and Auditing “. I also obliged to these following people.
Md.Jashim Uddin Finance department
MD. Masud Rana
Accounts Officer
This report provides an evaluation of different of accounting record, importance and meaning of different accounting concept, factors that influence the nature and structure of Reliance Insurance Ltd. Also indentifying different components of business risk the organization may face in relation to its accounting system and financial management, describing the internal control system and evaluate the risk of fraud in the organization. Result of data analysis shows that the organization is doing well in the middle of economic crisis in Bangladesh.
Finding of this report is the organization prospect in its current position is positive. I recommend that reliance insurance should reduce insurance claims and make more innovative insurance like student carrier insurance.
There are some limitation of this report which is lack of proper evidence of some financial information.
Content
Lo Covered
Page Number
Identify the different accounting records kept by the client company and explain the purposes and use of those accounting records
1.1
5,6,7
Assess the importance and meaning of the fundamental accounting concepts based on which the organization prepares its accounting records and financial statements
1.2
7,8,9
Evaluate the factors which influence the nature and structure of accounting systems of the organization
1.3
9
Identify the different components of business risk the organization may face in relation to its accounting system and financial management.
2.1
10
Briefly describe the general control system of the organization and analyze the impact of
Md.Jashim Uddin Finance department
MD. Masud Rana
Accounts Officer
This report provides an evaluation of different of accounting record, importance and meaning of different accounting concept, factors that influence the nature and structure of Reliance Insurance Ltd. Also indentifying different components of business risk the organization may face in relation to its accounting system and financial management, describing the internal control system and evaluate the risk of fraud in the organization. Result of data analysis shows that the organization is doing well in the middle of economic crisis in Bangladesh.
Finding of this report is the organization prospect in its current position is positive. I recommend that reliance insurance should reduce insurance claims and make more innovative insurance like student carrier insurance.
There are some limitation of this report which is lack of proper evidence of some financial information.
Content
Lo Covered
Page Number
Identify the different accounting records kept by the client company and explain the purposes and use of those accounting records
1.1
5,6,7
Assess the importance and meaning of the fundamental accounting concepts based on which the organization prepares its accounting records and financial statements
1.2
7,8,9
Evaluate the factors which influence the nature and structure of accounting systems of the organization
1.3
9
Identify the different components of business risk the organization may face in relation to its accounting system and financial management.
2.1
10
Briefly describe the general control system of the organization and analyze the impact of