A.QASEM& CO. Independent Auditor's Report & Audited Financial Statements of BRAC Bank Limited & its Subsidiaries ‘As at & for the year ended December 31, 2037A.QASEM& Co, sitenaesce, oe: mozennae ‘Sia le 7 Pots Roains03 fae e028? Gontuanentnts heim Sustun deena Dako "122 bangla at suena Independent Auita’s Report othe Shareholders of BRAC Bank Limited eport onthe Aue ofthe Costidated noni Statements We nave austed the stcomparyngcnsodtedfmanial statement of BRAC Bank ited ants subscales oguereterredto asthe“ ss wells he separaterancalttements of BRAC Bank mite hear") (er coaps the crsodtel and soprate tle set as a 31 Deere 207, consoled an separate ‘ott soda secoune consated ad septate statements of hanes in equ and cash ow statements forthe (erthen eed, ond sumer span securing poles and athe explanatory information. Monagement’ Response onc stotements Management responsible forthe preparation and fa presentation ofthese consodated snl statements of the ctop and a separate anes aternnts ofthe Sank that ie 2 tue an flr ew in aordance with [ongeerh Financ Fepatg Standards (EFS!) 3p expianed in Note 2 and for sich intel conta 3s ‘anapenent detormies sees to enable the preptationofconolatedfinandalstatenent of the Group Sd aba separate nance ters! te Bank hat ae re fom mater misstatement, wheter det oud Sao, The Bring Compares, 134 ad he local ental bank (Bangladesh Bak) Repltion requ the onupeaent to eur elective intra ud nema conta and ek management functions f the Dink The Mavagument fas eure to make 9 self isesment onthe efletivenos of ante Inter contol and tepot to Bangldesh Bank aninstance fous and Togas. Autor Response ‘urespastit sto exres:an opinion on these console ranal statements ofthe Group and the separate ‘oc statermens ofthe Ek bosed on eur aut. We canducted our aut in accordance wih Baraadesh ‘ondads an ating (ksh Those andar requle that we comaly with ei reqlrements an pon and ‘efor the sus obtain resonable aeranc bout hehehe cansoldated fara statements ofthe Group Erdthe separate nancl statements of te Sankar eer mater misstaternt. ‘an aut votes performing procedures to ban audt dence about tho amounts and cours inthe ‘Shsudoted toncalssterets ef the rene and separate Grane tatoment ofthe Bank, The procedures Setter copend on our Josgment, Incvding the eeezment of the rhs of material mstatement of the anolatedtnancol statements of te Goup an the separate facial statemets ofthe ank whether due to ‘ooborenorinmakng thos asesments, we cose nteral eontol evant to the ents preperation of {Cnvaldated focal statomet the Group an separate nancial staemets ofthe Bank that Bre a ue ond {Gr sn eter to desen net procedures tat ae eopropriate inthe crunstanes, AN aut ab incodes caeitse th aprapristencs af accountng pole used andthe reasonablenes of accounting extintes made ‘management es wel 9 eel the overall peesentaonof the cansolated ancl statements of he Group tnd he sept antl torent te Bak \We below thatthe aut evdence we nave obtained i sient and aporopriatet reid a bs frou aut tn our opin, the conse ancl statment ofthe Group 2nd so separate fnanclstatement ofthe Coates and fr ofthe consolatd financal poten ofthe Greup and the separate snl postion Srthconnssat 1 becmer 2017, and oft cosadsted and wepaate Nanda performance and cash Hows or ‘tes men ended serowance wth Bangadenh Franc Reortng tana (RSs) as exlained in noe 2A.QASEM& Co. epet on thar egal and Regstory Requirements in acordance vith the Corps At, 1954, the Sacre and Exchange Rules 887, the Baning Companies Act, ‘andthe ules and Rguton ued oy Bangades Bank We 2b rope hat: (0 weve obtain al ne nformation and explanations wich othe best four knowledge a bee we cesar forte purpose of or abt and made aeverf\etion eto (i) totheextentrotd ding the course of ur aut work performed onthe bass tate under the Auor's Fespostity sector forming the above opinion nthe consolidated anal statements ofthe Group a he separate franca statement ofthe Bonk and cansering the eps ofthe Monageent to unadesh Bank mat fad neal contol and ntnces fraud ne forges stated under the ‘Managurent’sRspanyfr the Fan statement an intr! Conta {atten au, tral contol an rik management aargerents ofthe Group an the Bak a ‘desaredin th anc statoments appeared obe material adeauate; (0) noting has cme to our attention carding mateal instances of fergery oF regulary oF ‘mina erorand exception rang detentl comme by employees of he Bank and {a Sinncal statements tao susan and ne tote BRAC EPL vestments Ue, BRAC EPL Stack ‘Srokerage United and BRAC T Servis tee respecte have Been audited by Us ad anather wo ‘bsldarce namely, lath United ap BRAC SAAIAN Exchange United have een aud by Rahman Tokmanugand Redd Seg &Kabonrespetvely a ave been propery refctdin the consoled fan tterents {nour opinion, prope book of acount equi by aw have been ket the Group and the Banks Taras eppend row enantio elthexe took and proper retire adequate fr he purpase of bidchave ben rented rom branches na sted by (a) the concldateblance sheet and consolidated profit and ss acount ofthe Group a the separate ane sheet and separate profit los azount of he ark together wth the nner notes eal with bre por aeinreanent th he bole of sauna vets (00 the espero naire and payments de weer the purpece af the da’ busines forthe yar (vt) the eonsodated ancl statomentsf the Group and the separate nancial statements f the unk have been dawn upin anor wth prevallng rls requlasons nd accounting standards a wel related idan suey anodes Banks ‘equote proven: hive been mae fr laans & akances ad ober aszts which rin our opnon, doubt of recovers (iw) thorecnd nd tatsnentssvbittedty the branches have been pepe malnaned and consldated n the ian stems: (0) theiformtion ndspanations equ by ushove Deon ese nd found atisactory, {ai)-wehave reviewed ar 0% ofthe weighted self the Bank and pent ovr 3,600 person hous and et) capa to Rik wag Asst Rat (RAR) 9 ey the Raglan has been mained ‘Mega ring he ye. Dates hata “Kaasen ace 22 Nerch 2018 chatted Acoantante