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[Section Index]

The Bangladesh Parjatan Corporation Order, 1972 (President's Order)


16. (1) The Corporation shall maintain proper accounts and shall prepare annual statement of accounts, including the profit and loss account and balance sheet, in accordance with such general directions as may be issued, and in such form as may be prescribed, by the Government.


(2) The accounts of the Corporation shall be audited by not less than two auditors, being chartered accountants within the meaning of the 1[Bangladesh Chartered Accountants Order, 1973 (President’s Order No. 2 of 1972)], who shall be appointed by the Government.


(3) Every auditor appointed under clause (2) shall be given a copy of the annual balance sheet and other accounts of the Corporation together with the account books and vouchers relating thereto for examination and shall, at all reasonable times, have access to the books, accounts and other documents of the Corporation and may in connection with such accounts examine any Director or officer of the Corporation.


(4) The auditors shall report to the Government upon the annual balance sheet and the accounts and on any ancillary matter connected therewith.


(5) The Government, at any time, may issue directions to the auditors requiring them to report to it upon the adequacy of measure taken by the Corporation for the protection of the interests of the Government or upon the sufficiency of their procedure in auditing the affairs of the Corporation and may, at any time, enlarge or extend the scope of the audit or direct that different procedure in audit shall be adopted or that any other examination shall be made by the auditors or any other persons if, in its opinion, the interest of the Government so requires.

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Ministry of Law, Justice and Parliamentary Affairs