Internal Audit, Risk & Forensic Support
Risk-based internal audits, Standard Operating Procedure (SOP) design, internal control reviews, inventory/cash verification, and fraud risk checks.
Service Overview
As organisations scale across multiple branches, warehouses, or project sites, informal oversight breaks down—leading to procurement leakage, inventory shrinkage, uncollected receivables, and regulatory non-compliance.
M.S. Salekin & Co. acts as your independent internal audit partner. Rather than producing generic checklists, we test real operational workflows—from purchase requisitions and gate passes to bank reconciliations and credit controls—and design practical Standard Operating Procedures (SOPs) with clear Delegation of Authority (DoA) matrices.
Who This Service Is For
- Mid-to-large family businesses and Private Limited Companies transitioning to professional management
- Manufacturing plants, retail chains, and distributors managing high-volume inventory and multi-location cash
- Publicly listed companies, financial institutions, and NGOs requiring independent internal audit reporting to the Audit Committee
- Boards or owners investigating suspected procurement irregularities, payroll leakage, or reconciliation discrepancies
What We Do & Key Deliverables
Every engagement is scoped in writing with clear outputs reviewed by Mohammad Sirajus Salekin, FCA.
Quarterly / Co-Sourced Internal Audit
Risk-based operational, financial, and compliance audits conducted quarterly or monthly with direct reporting to the Board or Audit Committee.
Standard Operating Procedures (SOP) & DoA Design
Drafting end-to-end process manuals for Finance, Procurement, Inventory, Sales, and HR, complete with Delegation of Authority (DoA) approval matrices and control forms.
Physical Inventory & Fixed Asset Verification
Independent wall-to-wall stock counts, fixed asset tagging, reconciliation with book records, and variance investigation.
Special Investigation & Fraud Risk Reviews
Fact-finding forensic reviews of vendor pricing, ghost employees, cash defalcation, or expense claims, supported by documented evidence trails.
Documents Typically Required
We share a customized document request list upon engagement onboarding. Core records typically include:
- Organogram, existing policy manuals, and Delegation of Authority charts (if any)
- Access to ERP/accounting ledgers, procurement files, comparative statements (CS), and GRNs
- Warehouse stock ledgers, bin cards, and fixed asset registers
- Prior internal or external audit Management Letters
Typical Engagement Timeline
Actual turnaround depends on transaction volume, readiness of primary records, and regulatory authority processing queues.
Risk Assessment & Internal Audit Charter/Plan
Mapping high-risk processes and agreeing the quarterly audit scope with management.
Process Walkthroughs & Transaction Testing
Testing procurement, inventory, revenue, cash, and statutory compliance controls.
SOP Manual Design (Project Basis)
As-is process mapping, control design, management workshops, and final SOP rollout.
Relevant Bangladesh Laws & Authorities
BSEC Corporate Governance Code
Mandates internal audit functions and Audit Committee oversight for listed companies
IIA International Professional Practices Framework
Benchmarks risk-based internal auditing methodology
Companies Act 1994 & Tax/VAT Laws
Forms the statutory compliance baseline tested during internal audits
Frequently Asked Questions — Internal Audit, Risk & Forensic Support
Let’s talk about what comes next.
Schedule a confidential initial consultation with Mohammad Sirajus Salekin, FCA (Fellow Chartered Accountant (FCA), Member of ICAB) to discuss your organisation’s statutory requirements or personal tax filing.