The Finance and Audit department has been playing a key role in ensuring transparency and accountability of microcredit and other operations of BEES. The department was initiated in 1997 with a four-member team and 35 BEES branches. In the current financial year, there were 260 branch offices and 21 internal auditors. The department is led by the Director who reports directly to the Executive Director. There was a business plan for auditing all branches of which 203 branches were audited in ten months of FY 2020-21. In addition, there was no onset branch and sanity office audit in July-August 2021 due to the critical situation caused by COVID-19.
In FY 2020-21, the in-house capacity-building trainings for the auditors had been arranged for two times, three days each, apart from external training for selected internal auditors in CDF and PKSF. Monthly audit feedback meetings were regularly held under the chairmanship of the Chief Operating Officer with the participation of departmental heads and team leaders to inform and make decisions on various audit issues that were gathered from internal auditing. The auditors also conducted briefing and closing meetings during the branch auditing. A strong follow-up system has been developed for solving the audit findings and closing the audit files. In fact, BEES is transforming internal auditing to be a great learning experience for the staff of branch and family offices and its members.
To make sure BEES’s microcredit and other activities are transparent and accountable.
To help the BEES branches to achieve self-sufficiency and operational efficiency and to track and document the achievement status of double bottom lines of BEES i.e. ensuring agriculture, health, education, social and financial services to the community at family offices and ensuring economic sustainability of the organization transparently. Client and Staff protection principles are strictly followed in this respect.
The core activities of this division are as follows:
English
Bengali