INDEX OF GUIDELINES OF BANGLADESH BANK FOR FINANCIALINSTITUTIONS ON INTERNAL CONTROLSPage1 INTRODUCTION
1.1 Overview 11.2 Definition 11.3Objectives of Internal Controls 2
2 STANDARDS OF INTERNAL CONTROLS 33 ELEMENTS OF A SOUND SYSTEM OF INTERNAL CONTROLS AND THEPRINCIPLES FOR ASSESSING THE SYSTEM 4(A) Components of Internal Controls
3.1 Management oversight and environment for control 43.2 Risk Assessment & Management 53.3 Instituting Controls 63.4 Accounting, Information & Communication Systems 73.5 Self-Assessment & Monitoring 8
(B) Principles 104 RESPONSIBILITIES
4.1 Board of Directors 124.2 Management 124.3 Auditor Committee 124.4 External Auditor 134.5 Regulator 13
5 IMPLEMENTATION OF INTERNAL CONTROLS
5.1 Compare current practices and identify gaps. 155.2 Involve senior management and other key players. 155.3 Assess business environment, organization culture and key players. 155.4 Decide on implementation strategy. 155.5 Provide training to everyone involved 155.6 Rectification & Improvement: 165.7 Instituting an appropriate organization structure 165.7.1 Structure of Internal Control Unit 165.8 Preparing various Guidelines /Manuals/Documents on 17a.
Standard Operating procedures –Credit & Operations 17b.
Finance and Accounting Manual 18c.
Treasury Manual 18d.
Human Resource Policy Manual 19e.
Information Technology Manual 19