Report on

Top 10 Consulting Firms in Bangladesh

Course Title: Auditing & Financial Reporting

Course Code: F – 409

Submitted to:

Morioum Hasna

Lecturer

Dept. of Finance & Banking

Faculty of Business Studies

University of Barishal

Submitted by:

Group no. o5

4th Year 2nd Semester

Admission Session: 2015-16

Dept. of Finance & Banking

University of Barishal

Date of Submission: 16th February 2021

 We are group
No. 05

Group list

Sl. Number Name ID Number

01 Arnab Saha 16 FIN 012

02 Rahul Deb Karmakar 16 FIN 017

03 Jannatul Nayeem 16 FIN 018

04 Md. Jalal Uddin 16 FIN 026

05 Tamanna Afrin 16 FIN 027

06 Md. Ibrahim 16 FIN 032

07 Tania Akter 16 FIN 037

08 Mahmudur Rahaman 16 FIN 067

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 Letter of Transmittal

16th February, 2021

Morioum Haasna
Lecturer
Department of Finance and Banking,
University of Barishal

Subject: Submission of report on “Top ten consulting firm in Bangladesh.”

Dear Madam,

We are pleased to submit our report on “Top ten consulting firm in Bangladesh.” That were
assigned by you. It was a great opportunity for us to acquire practical knowledge of different
consulting firm. We have concentrated our best effort to achieve the objectives of the report
and hope that our endeavor will serve the purpose. We believe that the knowledge and
experience we have gathered during the working period and preparation of report as well will
immensely help us in our professional life.

We will be obliged if you kindly approve this effort.

Thanking you.

……………………….
(Rahul Deb Karmakar)
ID: 16 FIN 017
On behalf of Group 05
Department of Finance & Banking,
University of Barishal.

ii
ACKNOWLEDGEMENT
We would like to acknowledge the assistance of course conductor Morioum Hasna, Lecturer,
Department of Finance & Banking, for providing all guidance and support that was needed.
Her sincere guidance, untiring co-operation, valuable suggestion and inspirations of creating a
unique report enabled us to overcome all the problems during the course of while preparing
this report.

We can’t deserve all the praise. In every step of this may websites and individuals’ publications
help us providing report related information. It gives an immense pleasure to acknowledge
them with gratitude. It is time to show our gratitude to the almighty for providing us the
strengths and encouragement as well as opportunity to complete the difficult tasks of making
this report within the scheduled time.

In preparing the report, it has also been received active co-operation from our each and every
group member. Without everyone’s cooperation it would be toughest job to do.

iii
Objectives of the Report
The main objectives of education are to acquire the knowledge. To acquire the knowledge
ultimately, we must do some practical applications in addition to theoretical knowledge. Thus,
the following are the important objectives:
 To know the activities of different audit and consulting firm.
 To know about different audit firm which provide auditing and consultancy services.
 To know how audit firm play an important role for the users of the information.
 To gain in-depth knowledge on top audit and consulting firm of Bangladesh.
 To fulfill the course objectives.

METHODOLOGY
To prepare the report we have we have followed the following method.
Method of Data Collection
This report mainly based on secondary data. We collected data from different sources. They
are -
 Website of related audit firm
 Different publications, journal
 Research oriented website
 Different ranking website which provide the rank of different audit firm of Bangladesh

Scope of the report:

• Availability of related information
• Easy access to the internet
• Cooperation of course instructor
• Flexible topic
Limitations of the report:
• Lack of places for group discussion due to COVID-19
• Limited knowledge.

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 Executive Summary

In Bangladesh the importance of auditing and consultancy services increasing day by day.
Bangladesh’s economy growing in a rapid speed day by day. People becoming solvent and
that’s why they are becoming interested in investing share market and also becoming an
entrepreneur. In this situation the services provided by the audit and consultancy firm could
become very helpful for those investors or entrepreneur. Cause having enough capital or
money is not enough for present competitive business world. If one is not expert in the related
field of business in which s/he want to invest them s/he have the probability of failure and
losing all his/her investment. This also a threat for economic stability. So, in this situation
audit and consulting firms play a vital role by providing the right information of its users
independently. This also relevant in case of new entrepreneur. Cause audit and consulting
firm also provide some much-needed consulting services for both new entrepreneur &
existing firm which may need a boost of for the business. In this report we will focus on the
top 10 audit & consulting firms in Bangladesh. Here we will also shortly highlight their
function or the service they’ve rendered.

v
 Table of content

Chapter Chapter name Page no.

no.

01 Introduction 01
02 Top 10 Consulting Firms in Bangladesh 03
2.1 ACNABIN 03
2.2 A. Wahab & Co. 07
2.3 ProAms 09
2.4 Z K Consultants 11
2.5 IT Consultants Ltd. 12
2.6 Enroute Management Consulting 13
2.7 PRITI Research & Consultancy Ltd. 16
2.8 EK Consulting Company Ltd. 18
2.9 Reed Consultancy Bangladesh Ltd. 19
2.10 Innovision Consulting Private Ltd. 21
03 Conslusion 24
REFERENCE 25

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Top 10 Consulting Firms
in Bangladesh
Prepared & Edited by: Group - 05
 Top 10 Consulting Firms in Bangladesh

Chapter – 1: Introduction

Auditing is defined as the on-site verification activity, such as inspection or examination, of a

process or quality system, to ensure compliance to requirements. An audit can apply to an entire
organization or might be specific to a function, process, or production step. Some audits have
special administrative purposes, such as auditing documents, risk, or performance, or following
up on completed corrective actions.
One the other hand, a consulting firm or simply consultancy is a professional service firm that
provides expert advice for a fee. Consulting firms may have one employee or thousands; they
may consult in broad range of domains, for example, management, engineering, and so on.
Management consultants, in particular, typically work with company executives and provide
them with generalists and industry-specific specialists, known as subject-matter experts,
usually trained in management or business schools. The deliverable of a management
consultant is usually recommendations for achieving a company objective, leading to a
company project.

What does an Audit Firm do?

A company that reviews activities to identify inefficiencies, reduce costs, and otherwise
achieve organizational objectives. Auditing firms may investigate potential theft or fraud and
ensure compliance with applicable regulations and policies. They also help to ensure the
accuracy of reports.

Reason behind heiring consultants/ Why client hire consultants?

One of the defining features of a consultant suggests that clients hire consultants because they
possess a knowledge advantage. In the overlarge majority of cases this is the main reason; a
client hires a consulting firm to provide expert advice that ultimately (should) lead to the
resolution of an issue within the client's organization. There are however more reasons why
consultants are hired:
• consultants are independent and provide an objective view on dilemma's and solutions
• external consultants are less susceptible to internal politics and/or sensitive situations
• hiring consultants may in certain areas be cheaper than retaining the expertise in-house
• when firms find themselves short in capacity for projects/positions consultants can backfill
• consultants can easier do the 'dirty work', i.e. take the decisions no one internally wants to
make

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 Top 10 Consulting Firms in Bangladesh

Types of Consultancy Services:

There are different types of Consulting Firms serving different sectors. They mainly fall under
the following fields:
• Architecture and Engineering
• Financial services
• Health care
• Hotel and hospitality industry
• Human resources
• Information technology
• Legal
• Management
• Regulatory compliance

In addition to the above-mentioned fields, there are consulting firms that serve niche sectors
such as

• Advertising/marketing/public relations consulting

• Environmental consulting
• Entertainment/media consulting
• Energy consulting
• Consulting in politics and the public sector
• Real estate consulting
• Recycling consulting

• Financial services
• Information technology consulting
• Management consulting
• Human resource consulting
• Hospitality industry
• Regulatory compliance

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 Top 10 Consulting Firms in Bangladesh

Chapter – 2: Top 10 Consulting firms in

Bangladesh

2.1 ACNABIN
ACNABIN was formed in February 1985, with a mission to continually add value by helping
clients succeed. The then largest partnership firm was founded with a vision to build an
institution which would foster an environment for leadership, continuous growth, learning, and
collaborations. Over the past, the firm has become one of the leading and most reputable
chartered accountancy firms in Bangladesh with global affiliations. At present, ACNABIN has
ten partners whose expertise in the field of auditing, accounting, reviewing, business
consulting, business process outsourcing, technology solutions, training and taxation has
established the firm as a multidisciplinary organization. The partners have many years of
experience of working both at home and abroad and with international consultants and
organizations operating locally and globally. ACNABIN is regarded as one of the top firms of
chartered accountants in the country context and has significant exposure in the relative
market.
Since the firm’s inception, ACNABIN has been providing market survey, management, review
and consultancy services to clients actively involved in industry, trade, finance, microfinance,
education, health, social services, and agriculture in the private, public and NGO sectors
throughout Bangladesh, as well as to various UN agencies and other development partners.
ACNABIN has been appointed by various governmental and non-governmental organizations
to carry out consultancy services for donor aided development projects. Many of those
engagements involved projects funded by international agencies such as the World Bank,
UNDP, UNICEF, UNFPA, WFP, CIDA, DFID, FAO, ILO, IFAD, NORAD, SIDA, USAID,
UNCDF, ODA, European Commission (EC), LWF/DWS, KfW-Germany, BftW, GTZ,
Stromme Foundation, CARE International, DANIDA and Save the Children. ACNABIN has
sufficient depth in conducting market survey as far as expert resource is concerned, as well as
it has adequate logistics facilities backhand and personnel to be able to carrying out research
and its plan implementation. It is undoubted that the organization possesses demonstrable
knowledge of commodities and services procured by UN Agencies.
The global affiliations of ACNABIN have enabled the firm and its people to obtain training
overseas and up-to-date information and knowledge in the profession. Currently, ACNABIN
is an independent member firm of Baker Tilly International. ACNABIN was associated with
Arthur Andersen, LLP the then global leader in the profession till the closure of the accounting
conglomerate in 2002.
Address:
BDBL Bhaban (Level-13), 12 Kawran Bazar C/A, Dhaka
(Office) :88-02-8144347
(Fax) :88-02-8144353
(Email): acnabin@bangla.net

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Services:

Audit & Assurance

Their expert professionals provide a range of audit services based on a strong understanding of
accounting principles which is related with the Bangladesh Standards on Auditing and
International Standards on Auditing. These are complemented by an appropriate knowledge of
business systems, processes and controls. They are committed to delivering a personalized and
focused service and providing solution-based advice to give our clients and their stakeholders
the assurance required. Their risk-based audit approach ensures that we focus on significant
business issues affecting our client’s Financial Statements. Their audit services are:
• Statutory audit
• Internal audit
• Special audit
• Cost audit
• Compliance audit
• Forensic audit
• Management audit
• Performance audit
• Forensic audit
• Interim audit
• Review engagement
• NGOAB audit
• Donor audit

Tax and legal advice: They provide services of Tax & Legal advices which are designed to
help their clients to apply the most effective business strategies. With their wide-ranging
industry knowledge and experience, they are committed to deliver this and meet your highest
expectations. They work closely with clients to deliver timely, high quality tax services to
maximize tax planning opportunities and find the right answers to the tax challenges in their
respective industries. It offers advice tailored to your needs and circumstances and propose
solutions that will enable you to move forward:
• Corporate & individual tax planning
• Personal Income Tax
• Deferred tax computation and application
• Indirect tax
• Tax investigations
• Capital gain tax
• Designing VAT Management System and Compliance Audit
• Tax compliance and preparation of various tax returns
• Assistance in handling queries & requests for information from tax
authorities
• Tax assessments and appeals
• Preparation of income tax returns
• Import Duty and Customs cases
• Inheritance tax planning
• International tax services

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• Tax effective remuneration planning

• Tax investigations

Advisory: As part of our advisory services, they provided following services:

• Formation, incorporation, liquidation and winding up of companies
• Preparation and filing of Annual Return
• Preparation of AGM minutes
• Preparation of Directors’ minutes
• Formation and registration of companies and close corporations
• Maintenance of statutory records
• Conversions of companies and close corporations
• Amendments to and registration of statutory details
• Increase of share capital
• Change of company name
• Change of Articles & Memorandum
• Preparation of Special resolutions
• Advice on secretarial matters relating to the Companies Act.
• Management of Litigation
• Management of Legal Disputes
• License Issues;
• Legal Opinion on Laws, Licenses, AOA etc.
• Compliance with Relevant Laws & Regulations
• IP Rights (Logo, Trademarks, Copyrights)
• Correspondence with Corporate Regulatory Bodies
• Drafting, Reviewing & Providing Opinion on:
• Agreement, MoU, NDA, Undertaking etc.
• RFP, PO/WO, LOI etc.
• Legal Notice etc.

Consultancy
• Management Accounting Services
• Management Consultancy
• Structured financing advisory
• Business planning and project feasibility studies
• Standard operating procedures (SOP)
• Fixed assets management
• Accounts receivables management
• Payroll management
• Project appraisal
• Inventory Management
• Performance measurement
• Business Valuation
• Process Improvement Services

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Cost Management Services

Outsourcing: ACNABIN offers business outsourcing solution that delivers a high level of
confidence and professional results by focusing your business. Their main outsourcing
services included:
• Accounts payable processing
• Payroll and payroll tax processing
• General ledger and financial statement processing
• Accounting services
• Human resource support
• Preparation of management accounts and management information systems
• Preparation & Maintenance of books of accounts
• Support in day-to-day Transaction Processing
• Book keeping and preparation of final accounts
• Fixed Assets verification and completion of records

Others:
• Accountancy and management training
• Data processing with computers
• Privatization consultancy (includes pre-privatization review, restructuring, valuation
in particular and privatization assistance in general)
• Other accounting ancillary services including investigation, internal and management
audit
• Micro-finance consulting
• Human Resource Development Issues

About ACNABIN partner:

Roots for the name ACNABIN stem from the names of seven partners who merged their own
knowledge, skills and experiences in 1985:
• A stand for Aziz-uddin
• C stands for Chowdhury
• N stands for Nurun Nabi
• A stands for Anwaruddin
• B stands for Bari
• I stand for Iftekhar
• N stands for Nayeem

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2.2 A. Wahab & Co.

A. Wahab & Co. is one of the oldest and most reputed of the accounting firms in Bangladesh
with over fifty years of experience. The firm has witnessed the independence of Bangladesh,
and its economic development and consequent financial sector reforms over the years. The
biggest asset of the firm is its reputation with the clientele and uncompromised professional
and ethical standards. AWC serves clients with all sizes and types – ranging from small mom-
pop style establishments to large corporate conglomerates; largest donor agencies in the world
to a small nonprofit entity with same priority, attention and skill set in order to meet the clients’
expectations. Our efforts towards our clientele – big or small revolve around providing the
feeling of exclusivity. Hence, many of our clients are with us for years and the relationship has
been passed from generation to generation.
At AWC, they remain focused on their clients’ professional necessity for serving them to their
expectations without compromising or breaching any professional and ethical standards.
Inculcating migration of ‘best practices’ within the firm has always been the vision for
improving the operational efficacy. they are considered by clients as trusted partners and with
that level of comfort, all their financial management related challenges are vested upon us for
a pragmatic solution. Although they are predominantly an accounting firm with specialization
in audit and attestation services, our suite of services also includes providing assistance to our
clientele from formation/incorporating their business to recruiting staff, training, secretarial
services, business process outsourcing, obtain work permit of expatriate employees, tax, IT
consulting, winding up of business etc. Over the years, AWC has developed a niche in forensic
audit and investigation and worked for the largest donor agencies of the world.

Address:
Chartered Accountants
Hotel Purbani, Annex-2 (4th Floor), 1 Dilkusha C/A
(O) :88-02-9585626
(F) :88-02-9585626
(E): info@awahabco.com

Services:
• Business registration
• Consulting
• Auditing & Accounting
• Vat consulting
• Internal audit
• Interim staffing & training
• Business process documentation
• Taxation services

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Management Team:
• Abdul Wahab, Founder & Senior Partner
B. Com, M.A. Economics, LL. B – FCA
• Md. Nurul Islam, Partner
B.Com – FCA
• Nurul Wahab, Managing Partner
B. Com, M.A. Economics, CPA (Maryland, USA), FCMA, FCA
• Md. Showkat Hossain, Partner
B. Com, FCA
• Kazi Mahboob, Partner
M.Com. FCA

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2.3 Professional Services by Passionate AmateusS (ProAms)

About Company
ProAms is a Business Consultancy house, specializing in the Search, Selection, Placement, HR
business process out sourcing and Service renderer to clients for effective management of their
Intellectual Capital. Their objective is to assist their clients make distinctive, substantial and
lasting improvements in their performance.
ProAms offers a range of services for the entire employment and business spectrum. People
pursuing amateur activities to professional standards – are an increasingly important part of
our society and economy. For ProAms, leisure is not passive consumerism but active and
participatory, it involves the deployment of publicly accredited knowledge and skills, often
built up over a long career, which has involved success, sacrifices and frustrations.
ProAms is a business entity characterized by a can-do spirit, decentralized management, and
an entrepreneurial atmosphere. The focus of ProAms is to augment productivity through
improved quality, efficiency and cost-reduction for its clients’ resource engagement, enabling
them to focus on their core business activities.
ProAms client service initiative ensures complete client satisfaction. We believe in constant
communication with the client in providing and maintaining the desired quality for cost
effective and time efficient services and solutions.
They provide an environment that fosters personal and professional growth for their associates.
They understand that knowledge, experience and attitude are the key to success and therefore
team up with professionals with sound knowledge, related experience and positive attitude.

Mission
Satisfying customers through optimizing business solutions for sustainable partnership.

PURPOSE

To help our clients create measurable business results through better management of their
resource engagement. ProAms assist clients deliver value with pace and strategic agility.

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VALUES

ProAms facilitates its clients, employees and stake holders in achieving what matters to them.
Succeeding will mean living by ProAms Values, Trust, Ethical standard, Teamwork,
Accountability, Continuous improvement and Value creation for all concerned

Services offered
Name of service
1. HR services & consultancy
2. Talent search & placement
3. Managed staffing
4. Training & development
5. Payroll management
6. Brand & business consultancy
7. Financial management services
Including…
• Performance management
• Talent management
• Succession planning
• Compensation and benefit administration
• Salary survey
• Labour & employee relations
• Employee engagement
• Managing change
• HR audit
• Executive search & placement
• Recruitment process management
• Assessment services
---
• Individual contributors & managers
• First line manager
• Second line manager
• HR & non-HR professionals
---
---
---

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2.4 Z N Consultants

About
With corporate office located in Banani, Dhaka, Bangladesh, Z N Consultants (ZNC) was
established on 31st March 2009. They are now a full-fledged Research-Oriented Boutique HR
firm designed to meet the needs of both local and international clients.
Z N Consultants is a strategic management & HR consulting firm that specializes in advising
and supporting the clients in their significant transformations and to provide custom-crafted
'one stop' innovative HR solutions.
With their strong research background, they have positioned themselves as a market leader in
delivering a full spectrum of HR solutions on the basis of the right approach that is catered to
your particular sector.
Z N Consultants is fully equipped with the capability and expertise to provide advanced
strategic management and financial services to clients with separate service divisions.

Services Provided
Advisory & Research
Organization development
Employee performance
compensation
Recruitment suit
Individual development plan
• HR Advisory & Retainer Services
• Merger & Acquisition Advisory
• Industry Centric Research
• Outplacement Service
• HR Audit & Legal Gap Analysis
• HR Manual Preparation
• Custom Developed Human Resource System
• Organization Design & Development
• Development of Organization Chart
• Human Resource / Workforce Assessment
& • Performance Management Development
• Employee Satisfaction Survey
• Designing Compensation & Benefits
• Compensation Survey
• Payroll Management
• Talent Acquisition Service (TAS)
• Interview Management Service (IMS)
• Individual Development Plan
• Executive Coaching
• Career Counseling
• CV Writing

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Training & development ---

ZNC business center ---
Financial services • Financial Planning, Analysis & Advisory
• Financial Reporting and Reconciliation
• Financial Manuals & Annual Reports
• Company secretarial support
• Financial Due Diligence Support
• Promotion, Corporate Finance and
Restructuring

2.5 IT Consultants Limited

Background
Established in 2000, Information Technology Consultants Limited
has since transformed to become a local leader of IT Technology in
the rapidly changing arena of Electronic Payment Transaction
Processing Systems. The Company has converted to Public Limited
Company under The Registrar of Joint Stock Companies and Firms
(RJSC) in 2009. ITC is the only PSO (Payment System Operator)
licensed by Bangladesh Bank to provide the end-to-end electronic
payment services for banks, government organizations, retailers,
billers and financial institutions. ITC currently serves 33 member
banks, with its network named ‘Q-Cash’ which is a popular brand-
name in Banking and Financial sector. This company has currently
369 Employees and 2,749 shareholders.

Line of Business:
The business of the company includes online Switching Solution, Software Development and
Service Provider of Q-Cash member banks shared ATM network, POS and Q-Cash
transactions processing. Information Technology Consultants Ltd. is committed to be the
leader as Electronic Payment Solutions Provider in the Banking sector as well as the Automated
Transaction processing Industry in Bangladesh.

Vision
Establishing Digital Infrastructure and capabilities for Financial Transactions.

Mission
Information Technology Consultants Limited (ITC) aspires to lead the IT Platform in
Bangladesh by providing technological infrastructures, electronic payment solutions and real
time processing services in the banking and financial sector of the country. Fostering strong
community partnerships with our clients, stakeholders and employees is an integral part of their
mission.

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Strategic Objectives:
Information Technology Consultants Limited (ITC) concentrates in integrating electronic
payment solution & banking automation with the ongoing socio-economic development of
Bangladesh in its thrust for rapid digitalization. ITC has been instrumental in generating mass
digital awareness through banking sector creating financial inclusions for unbanked
population. ITC has also contributed greatly in assisting Government organizations in
implementing their automation strategies.

Functions of IT Consultant Ltd.

IT Consultant Ltd. runs it operations by providing various services. They are described below:
Transaction Processing and Maintenance Services:
• ATM & POS Transaction Processing
• Online Payment Gateway
• Remittance Transaction Processing
• Debit & Credit Card Personalization and Management
• SMS Solution
• E-Commerce Solution
• Mobile Financial Services Solution
• Agent Banking solution
• Online Tax Payment solution with development
Sales and Support Services:
• ATM and Recycling ATM
• POS
• Bio Metric ATM Solution
• Switching & CMS Solution
• Biometric Reader
• IT Infrastructure - Security Solution

2.6 EMC (Enroute Management Consulting)

Background
EMC (Enroute Management Consulting) is a strategic
business unit of Enroute International Limited that was
founded in 2008 and headquartered in Dhaka. EMC is a
leading consulting firm with certified and an experienced
business team working closely with national and
international strategic partners. EMC is unique to provide a
complete solution through managing business growth.

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EMC’s Vision:
Cultivating a world class Bangladesh through its people and organizations.

Clients of EMC
 ACI Limited
 BKash
 City Bank Limited
 Western Union Bangladesh
 Grameenphone Limited
 Rahim Afrooz Bangladesh Ltd.
 BRAC
 IPDC
 MasterCard
 Nestlé Bangladesh Ltd.
 Eastern Bank Limited
 Trust Bank Limited
 Bangladesh Edible Oil Ltd.
 Robi Axiata Ltd
 Asian Paints Bangladesh Ltd
 Unilever Bangladesh Limited
 British American Tobacco Bangladesh
 Orascom Telecom Bangladesh Limited (Banglalink)

Functions of EMC
i. Consultancy and business development:
EMC functions as consultancy and business development by the following:
HR & organizational development:
• Organizational development (OD)
• Action based on HR strategy and company strategy
• Managing change on leadership, values and motivation
• Organizational restructure

Business Operations:
• Strategic planning
• Revenue assurance
• Operations
• Stakeholder management
Finance & Accounts:

• Revenue assurance
• Internal audit and compliance

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• Business analysis and reporting

• Asset management and insurance

Information services:
• Service level management
• IT service continuity management
• Change management
• Release management
• Incident management
• Problem management
• Capacity management
• Financial management for IT

ii. Recruitment and talent management:

Enroute Management consulting (EMC) is a leading provider of –
 Executive search
 Managerial recruiting services.
The business of EMC is assisting clients in building their human capital through a well-defined
recruitment process as a value-added partner. Based on a client's objectives, the firm determines
the profile of skills and background required for a position, and then, working discreetly and
with the highest standards of integrity, identifies and evaluates the relevant competencies of
candidates most appropriate for the role.
iii. Learning and development:

EMC conducts various type of training and workshop for clients based on specific and
customized needs or requirements. Their trainings and workshops are unique. They focus more
on practical mode of learning through games and simulations that enhances learning much
higher.

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2.7 PRITI Research & Consultancy Limited

Background
PRITI Research & Consultancy Limited is a Market, Social &Corporate Research &
Consultancy firm situated at Kazipara, Mirpur in Dhaka-1216, Bangladesh. PRITI is the
abbreviation of Participatory Research & Innovative Technical Initiatives. Market, Social &
Business Research Companies in Bangladesh. PRITI is a result of combined efforts where
young energetic, highly experienced and national leading sector specialists are engaged. PRITI
follows the PARTICIPATORY METHODS for conducting all types of research works where
both parties (PRITI Research & Consultancy Limited & The Clients) work together for data
reliability, validity, authenticity & overall better results. PRITI has several types of research
products & consulting service items for corporate house, product manufacturers, importers,
traders, and distributors as well as the service base companies such as National & International
NGOs, Donor Agencies, Development Partners, International aids, Govt. Agencies and many
more. PRITI believes that any types of research findings can change your vision/future.

5P Ethics Maintained by PRITI Research & Consultancy Limited

i. PARTICIPATION
PRITI Research & Consultancy Limited conducts all projects with the direct participation of
the Client & Research Partner. If the client/Research Partner unable to be engaged with the
project physically then PRITI Research & Consultancy Limited engages them virtually through
zoom meeting, what’s app/ Facebook messenger group. We open separate messaging group for
each project with all stakeholders of the project. The Client/Research Partners are also included
in the group so that they can be updated about the project directly. The FW staffs update their
daily activities in the group so that all stakeholders can be updated automatically. The FW
experiences, Respondents Photo & other documents are uploaded in the group.
ii. PRAGMATIC
iii. PARAMOUNT
iv. PREVALENT
v. PROTBITY

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Mission/Vision
- To cooperate the business groups, national and multi-national companies, development
agencies & entrepreneurs to explore the existing scenario of their relevant fields in the decision
making process or in the implementation initiatives.
- Try to make understand the clients about consumers/beneficiaries behaviors, needs,
requirements and feedback on their specific products/services
- Try to reduce the distances between the product manufacturers/importers & end-level
consumer.
- Try to change our honorable clients’ business strategies, decision making process, way of
success & their current position in the market by applying methods, tools & techniques of
corporate anthropological research.
- Pointing the weakness of companies, demand of consumers & business strategies of mid-term
beneficiaries through research
- Try to connect all types of stakeholders in a chain management system for development of
any business/project/program
What PRITI Think about Client’s Expectation
PRITI Research & Consultancy Limited always emphasis on the client’s expectations &
demands. PRITI Research & Consultancy Limited is always committed for delivering a fruitful
research output & valid data to the clients.
PRITI’S thought on Sustainable Branding
PRITI Research & Consultancy Limited always thinks on the client’s expectation from a
research output. They believe that reaching to the mass people is the key factor for establishing
a brand.

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2.8 EK Consulting Company ltd

Background
EK Consulting is a management consulting company. It was founded in January 2010 by a
multi-disciplinary team of experienced professionals in response to market demand for skilled
consulting services. We offer a diverse range of business and management services.

Function
Our aim is to provide practical advice and professional support based on the extensive and
diverse experience of team members. Our passion and success lies in our ability to help clients
attain organizational excellence through a holistic approach.
We specialize in executive search, strategy formulation, HR consulting services for job
analysis, job evaluation, training & development, salary survey, compensation benefit structure
and outsourced employment.
Our team of experts are able to help you set up new companies complying all legal and
regulatory formalities, assist in business environment management (BEM) issues.
We would like long term partnerships with our clients and would also want to partner with
them on multiple projects.

Vision
We will help enable organizational excellence in Bangladesh.

Mission
By 2025 we will help 200 organisations towards achieving excellence.

Values & guiding principles

 We are passionate about delivering solutions to enable our client’s success.
 We bring honesty and integrity in everything we do.
 We listen carefully; nobody has monopoly on good ideas.
 We strive for excellence and take accountability for our actions.
 We have the best interest of our clients, “Do the right things for the right reasons”.
 We are proactive in our approach to solve business problems. “Hope is not a strategy”
 We work hard, have fun and deliver results.

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Management
EK Management Consulting Ltd. employs 19 employees. The EK Management Consulting
Ltd. management team includes Emad Ameen (Managing Director), Derek Elcock (Director),
and Khalid Hasan (Lead Consultancy = t).

Organizational Chart

2.9 Reed Consultancy Bangladesh Ltd.

Background
Reed Consulting Bangladesh Ltd. known as RCB was
incorporated in July 2006 and later in 2018 with new
management. RCB has worked in Bangladesh for last
13 years in social and environmental sustainability.
From 2018, Phil Proctor and Fiona Stevenson are
working as Advisor for the new management.

RCB serves companies by improving their profitability, productivity and efficiency by

providing motivational techniques and leadership skill development for managers. RCB has
highly experienced engineering consultants who specialize in pollution prevention and energy

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saving activities in industry in Bangladesh.

RCB actively promotes the concept of Social Responsibility – “every company has a duty to
society” and actively supports the development of a quadruple bottom line, people, planet,
profit and purpose i.e., 4P.

Mission: Assisting the industries to grow sustainability.

Employees: 10 – 49. (100% business consulting)

Line of Business: RCB is a consulting firm focusing mainly on environmental consultancy,
related training and publications. It is supporting textile, apparel and leather industry. RCB also
provides advisory services for industrial and technical decision making for textile and apparel
industry.

Functions & Services:

RCB provides a complimentary range of specialized professional consulting and training
services. RCB offers consulting services in setting up production lines, Factory Productivity
Improvement, Occupational Safety and Health, Fire Safety, Electrical Safety, green financing
and improving relationships between workers and management. RCB helps companies in a
wide range of trade sectors to be sustainable by earning profit in ways that minimize damage
to the natural environment.
• Social and environmental audit/assessment
• Water/ Energy/ Waste Minimization
• Chemical Management
• Waste and Hazardous waste reduction and management
• Energy Auditing and GHG Reduction
• Productivity Improvement in Dyeing/ Finishing and Garments Production
• Detox, Zero Discharge Hazardous Chemical (ZDHC) Implementation
• Occupational Safety and Health (OSH) Improvement
• Electrical Safety/ Risk Assessment
• Customized Training/ Workshops/ Seminars

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2.10 Innovision Consulting Private Ltd.

Background
Innovision Consulting is an international consultancy providing research, technical assistance
and project management services to multilateral and bi-lateral donor agencies, international
development organizations and consultancies. Innovision Consulting represents Innovision
Consulting Privated Limited based in Dhaka, Bangladesh and Innovision Global Consulting
Limited based in London, United Kingdom. Innovision is a leader in supporting development
interventions with the goal to deliver systemic change (sustainable, scalable and transformative
impacts). Since their inception in
2008, they have delivered 160 plus
short term and long term research
and project management services
on Agriculture, Health and
Industrial markets for 50 plus
clients in 8 countries –
Afghanistan, Bangladesh,
Ethiopia, Myanmar, Mozambique,
Nigeria, Sri Lanka and Yemen.
They specialize in facilitating
multi-stakeholder partnerships to
address development challenges.

Values
At Innovision, they take every new assignment as a new opportunity to learn and to excel. They
serve better because of their core values that they adhere to for each of their assignment.
Innovision Consulting Private Limited is housed in a space of 3000 sft in a premier location of
the capital of Bangladesh. The office premise of Innovision is fitted with internet connectivity,
round the clock power backup, water supply and other means of official facilities. All staffs
have laptops and internet connectivity and can work remotely from any place at any time. The
whole office is aided with a full-fledged set of furniture and cabinets, dining and refreshment
facilities which ensures a healthy and comfortable workplace. Innovision maintains its own
pool of vehicles to support regular movements and official tours across Bangladesh.

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Basic Profile of Firm

Development
Organization Type Consulting

Staff 101-250

Dhaka,
Headquarters
Bangladesh

Founded 2008

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Staff Experience at Innovision Consulting Private Limited.

 Sectors

• development
• monitoring / evaluation
• research & development
• project support
• personnel / human resources

 Funders

• goal global
• ec
• world bank group
• save the children international

 Countries

• bangladesh
• united states
• netherlands
• nepal
• Myanmar

 Skills

• managerial experience
• business development
• experience in recruitment
• international experience with experience in conflict areas

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Chapter – 3: Conclusion

Auditing is expressing opinion on true & fair view of state of affair of area under audit,
reporting gap or finding and providing recommendation, which management may decide to
implement. Consulting start with problem for which solution has to be found, it is assisting the
management for getting the problem/issue/area of consulting addressed. Auditing stakeholders
can be both external and internal, consulting stakeholders are generally internal management.
Both require different mindset of professional performing the task, auditor has to be person
with high repute, technically sound and able to understand visible/invisible information, high
on ethic and integrity. Consultant should be expert in his area of consulting, work like trusted
advisor or friend who can understand the concern well and provide implementable solution
both over short and long run. A consultant provides expert advice on a business issue: how to
improve sales, how to streamline management, improving network security or defining
corporate strategy. Their duties include loyalty to their clients; their responsibilities include
delivering what they promise. Integrity is essential to the field. Consultants may provide
organizational change management assistance, development of coaching skills, process
analysis, and technology implementation, strategy development or operational improvement
services. The key difference is that Auditing’s objective is to provide an independent and
objective assurance service to a client. On the other hand, consulting is there to provide advice
on a specific service or challenge requested by a client. In order to keep up with dynamic
global affairs, auditing and consulting techniques need to be combined to achieve the best
results.

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REFERENCE
i. https://clutch.co/bd/consulting
ii. https://znconsultants.com/
iii. https://proamsltd.com/
iv. http://www.reedconsultingbd.com/
v. https://emc.com.bd/
vi. https://www.itcbd.com/
vii. http://innovision-bd.com/
viii. https://www.devex.com/organizations/innovision-consulting-private-limited-
101257
ix. https://bd.linkedin.com/company/innovision-consulting-private-ltd
x. https://pritibd.com/
xi. https://ekconsulting.net/
xii. http://www.acnabin.com/
xiii. http://www.awahabco.com/

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