Weekly Journal 1

Md. Mustafa Shakil

ID- 1310489 030
Email: shakil281294@gmail.com

About the Company

Mak& Co which was a newly formed CA firm in early July 2014. It was first established in 2006 as a
financial consultancy firm. There are 3 owners in this CA firm. They are Mr Md. Ali Kawsar, ACA,
Albab Al Mehboob, CPA and AshfaqZaman, CPA. Mak & Co is the Bangladesh member firm of
SANTA FE Associates, USA - with 130 global offices worldwide and member of the prestigious
Forum of Firms of IFAC. They are a highly professional service provider firm, catering audit, tax,
enterprise risk services, outsourcing of accounting services, financial advisory and consultancy
services to a wide range of local and multinational clients. The firm has successfully built a team of
efficient workforce in our registered office located at Motijheel and three other support offices
located at Banani, DOHS Mirpur and International Liaison office in Dhanmondi. Their staff includes
qualified and part qualified accountants, MBAs, IT experts and other technically qualified persons,
highly capable of providing the services they aim to deliver. Being a member of the UN Global
Compact, Mak & Co. not only provides all the mentioned financial and accounting services but also
ensures that the firm supports and respects the protection of internationally proclaimed human rights,
all labor fundamentals and the environment, within the firms activities.
Learning/ Achievement
My Internship started from 1st February 2017. I went to Mak & Co Matijheel office to meet with my
manager Mr. Atiq. On that day he gave me some guideline how I work in different companies and
how I deal with new people and new environment. Then he told me about three types of Audit. These
are Statutory Audit, Internal Audit and Performance audit.
Statutory Audit is a legally required review of the accuracy of a company's or governments financial
records. The purpose of a statutory audit is the same as the purpose of any other audit - to determine
whether an organization is providing a fair and accurate 2
representation of its financial position by examining information such as bank balances, bookkeeping
records and financial transactions.
Internal Audit is the examination, monitoring and analysis of activities related to a company's
operation, including its business structure, employee behavior and information systems. An internal
audit is designed to review what a company is doing in order to identify potential threats to the
organization's health and profitability, and to make suggestions for mitigating the risk associated with
those threats in order to minimize costs.

Work Done
Previously there was another person whose name was Mr. Sagor. He was also from Mak& Co. He
actually deal with the chairman and directors and maintain all the other staffs. So we create an excel
file to put all the manual information into computer and tried to make it digitalized. Our excel file
was fully uploaded and maintained in online. So its easy for both of us to enter into the file
anywhere in the country.
Actually I put all the transection into the excel file. I made a ledger sheet and cashbook and recoded
2014 data within just 4 days. Though my major was in Finance and Accounting but I did all the
accounting staffs. So at first it was pretty hard for me to understand the concept then I used to it very
quickly.
Observation/ Reflection
For first few days I was just observing all of them and try to understand their behavior. I saw that
there was a little bit conflict among the chairmen and directors. All directors visited their office 3
everyday but the chairman was quiet unavailable. So if directors want to arrange meeting they should
call at least 2-3 times to the chairman to get his appointment.
Notable Incidents
There was nothing notable incident to mention.