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Internal Control Practices of Readymade Garments Sector (Textile Industry) in Bangladesh

Asian Business Review

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Title Internal Control Practices of Readymade Garments Sector (Textile Industry) in Bangladesh
 
Creator Saha, Anup Kumar; Department of Accounting and Information Systems, Jagannath University, Dhaka, BANGLADESH
Mondal, Kartik Chandra; Faculty of Business, ASA University Bangladesh, Dhaka, BANGLADESH
 
Subject Readymade Garment (RMG) Industry, Internal Control (IC), Grievance Procedure, Corporate Code of Conduct, Cost-Benefit Analysis
 
Description Internal control has a pivotal role in ensuring sustenance of any industry because it plays an important role in preventing and detecting fraud and protecting the organization's resources. This study has found many factors that are relevant for internal control practices in readymade garments (RMG) sector. These vary from maintenance of employees’ job description to bonding employees with special access. In many variables these companies are practicing acceptable level of internal control, while in some they are not doing so good and have ample scope to improve that level. RMG sector is mainly populated with sole proprietorship firms and they do not allocate much resource to such practice. Even then the concern for internal control has to be implemented to ensure long lasting role in the economy. 
 
Publisher Asian Business Consortium
 
Contributor —
 
Date 2015-03-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://journals.abc.us.org/index.php/abr/article/view/Saha%26Mondal
10.18034/abr.v1i1.338
 
Source Asian Business Review; Vol 1, No 1 (2012): Inaugural Issue; 67-71
2305-8730
2304-2613
 
Language eng
 
Relation http://journals.abc.us.org/index.php/abr/article/view/Saha%26Mondal/244
 
Rights Copyright (c) 2015 Anup Kumar Saha, Kartik Chandra Mondal
http://creativecommons.org/licenses/by-nc/4.0