• Working together towards a better future since 1975

Overview

The internal audit department has been playing a key role to ensure 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 was 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 the FY 2020-21. In addition, there was no onset branch and samity 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 chairmanship of Chief Operating Officer with the participation of departmental heads and team-leaders to inform and take decision on various audit issues that was gathered from internal auditing. The auditors also conducted briefing and closing meeting 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 staffs of branch and samity offices and its members.

Goal

To make sure BEES’s microcredit and other activities are transparent and accountable.

Objectives

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 samity offices and ensuring economic sustainability of the organization in a transparent way. Clients and Staff protection principles are strictly followed in this respect.

Core Services

The core activities of this cell are as follows:

  • Perform audits of branch, samity offices, units, programs, funds etc.
  • Document the achievement status of double bottom lines of BEES
  • Advice and ensure economic sustainability and transparency of the organization.
  • Ensure asset protection of the organization