Here is the article in markdown format:

Compliance Audit Guidelines for Comptroller and Auditor General (CAG) Bangladesh

Summary

The guidelines outline the framework for conducting compliance audits in Bangladesh, focusing on assessing whether entities or transactions comply with applicable laws, regulations, and policies. The guidelines emphasize a risk-based approach to planning, identifying high-risk areas, and prioritizing audit efforts.

Key Points

Definition of Compliance Audit

• The guidelines define compliance audit as an examination of whether a subject matter is in compliance with identified authorities (criteria).

Risk-Based Approach

• The guidelines emphasize the importance of a risk-based approach to planning, focusing on high-risk areas and activities.
• Risk Considerations:
  • Public expectations
  • Impact on citizens
  • Significant public funds involvement
  • Beneficiaries of public funds
  • Potential breaches of applicable laws and regulations

Audit Universe Identification

• Each directorate is responsible for preparing a list of audit units, including those to be audited or not.

Sources for Annual Plan Preparation

• Inputs for annual audit plans may come from various sources, including:
  • Budgets
  • Annual development programs
  • Policy announcements
  • Media reports
  • Past audit findings

Financial Transactions Focus

The guidelines highlight that financial transactions remain the primary focus of compliance audits, including those that have occurred but should not have (e.g., delays, losses, wastes, and leakages).

I hope this meets your requirements. Please let me know if you need further assistance!