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  • Rebak 6

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    faraaz360
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    Goverment accounting of bangladesh.

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    Goverment accounting of bangladesh.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    8 tayangan14 halaman

    Rebak 6

    Diunggah oleh

    faraaz360
    Goverment accounting of bangladesh.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai PDF atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 14
    Reforms in Budgeting and Expenditure Control Final Report 6. FINANCIAL ADMINISTRATION 6.1, Introduction 6.1.1. This and the next two sections deal with the financial administration, accounting systems, and specific issues relating to accounting and financial control. This is in line with the requirements in the terms of reference, and also to deal with the various issues raised in the CORBEC Report The linkages between budgeting, expenditure control and expenditure monitoring have been examined above in Section 3 on Financial Management and Reporting. Technical Paper No. 3 “Financial Administration” provides a more detailed description of the existing systems and structures Concern apeeSart Stat OF Hf 6.1.2. In broad terms, we wil conclude that there are indications of very ng Sys serious problems with the current accounting systems and procedures. This is evidenced by the failure to publish Appropriation Accounts since 1987/68, the fact that in, for example, July 1992 the balance according to Evidence the Bangladesh Bank differed from that of the Controller General of substantia svidencell A0ccunts by Taka 5.2 bilion (approximately $132m,), and the fact that in general the IMED monitoring system is regarded as producing more major problems J reliable data on the finances of projects than the accounting system. The starting point therefore must be that considerable improvement must be achieved in the scope, relablity and promptness of the accounting Sonckiaion system for t to become a suitable basis for a system of effective financial 7 management and reporting. Extensive reforms are required 6.1.3. Because of the volume of information and issues relating to these three areas, the Presentation in these three sections differs from other sections. A brief review of the major problems is followed by a matrix summarising the issues. This then leads into our recommendations, and then as with other sections, a matrix of the major strategies. 6.1.4. In order to achieve effective accounting and expenditure control it is important to have a strong administrative structure where financial responsibilities are clearly defined and documented in rules and regulations. A concept that is gaining increasing acceptance is that within the Rules, Regulations and Manuals there should be clearly defined accounting standards to be followed in recording transactions and presenting financial statements. 6.1.5. This section of the report deals with the existing structure, the functions of audit and accounts including the duality of responsibilty that exists and previous attempts at separation,

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