Finance Minister AHM Mustafa Kamal mentioned the newly launched Doc Verification System (DVS) software program will ease verifying audit experiences and cut back fraud.
“The DVS will play a task within the improvement of self-discipline within the monetary sector,” he mentioned on Thursday whereas inaugurating the DVS nearly because the chief visitor on the Sonargaon Lodge within the capital.
The Nationwide Board of Income (NBR) and the Institute of Chartered Accountants of Bangladesh (ICAB) collectively developed the brand new software program known as ‘DVS’ to cease unauthentic audits.
ICAB President Muhammad Farooq presided over the perform whereas NBR Chairman Abu Hena Md Rahmatul Munim and Member Md Alamgir Hossain and ICAB Vice President Mohammad Farkan Uddin spoke on the event.
Kamal mentioned the DVS will make simpler the audit report verification course of. DVS can even make simpler for different regulators, together with the NBR, to make use of audit experiences and discover out extra correct info, he added.
Abu Hena Md Rahmatul Munim mentioned many organizations submit faux audit experiences in NBR and Hold info secret.
He hoped that DVS can flip off the irregularities.
The NBR chairman additional mentioned that it’s attainable to gather correct income if the audit report is right.
The DVS will clearly deliver self-discipline in monetary administration and improve company tax assortment. Any further, any registered accountant of the corporate should add all the data together with each audited account report within the gateway. By way of the method, tax officers will be capable to confirm whether or not the audited report submitted to the NBR is genuine.