Regulatory Alerts2014-07-07
Added · Updated
FEPD Circular Letter No. 14: Appointment of Audit Firm for Cash Incentive/Export Subsidy in Textile and Other Sectors
The circular mandates that cash incentives or export subsidies for the export-oriented domestic textile sector and other applicable sectors must be audited by an audit firm approved by Bangladesh Bank and appointed by the relevant bank. If additional firms are required to expedite the audit process, banks must submit a reasoned application to Bangladesh Bank specifying the justification and the necessary number of audit firms.
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