Audit

Internal Audit

SEED is committed to maintaining and improving the quality of work of its program and project accounts. The accountant is directly responsible to the Executive Director for their work. The internal audit process involves:

  • Visiting all other and head offices to examine the books of accounts, various registers, loans, and savings collection sheets.
  • Verifying the ledgers and collection sheets with the records and passbooks of members.
  • Examining the utilization of loans by the members.

External Audit

A well-reputed Chartered Accounts Firm has been selected for the external audit of the organization. The Audit Firm audits SEED accounts for the period of July to June and prepares a report.

Institutional Capabilities of SEED

SEED has established different offices in its working areas in rental houses, which are well equipped with manpower, equipment, and other relevant facilities appropriate for program implementation activities, including evaluation and survey work.

Besides, SEED has developed relationships with local level NGOs and social organizations, and a substantial number of them have been receiving technical support from SEED. The organization has built up a close relationship with local people so that in executing any development activities, including undertaking surveys or research activities, it will get relevant support, including physical facilities and the support of the local administration.

Financial Management Capabilities

At present, SEED has been running/implementing different projects with financial support from organizations including DWA-BD, Oxfam-GB, BRAC, Bangladesh NGO Foundation, and others. Considering the financial management capabilities and financial transparency, these big organizations are showing continued interest in SEED.

SEED is guided by its own constitution that has developed a very sophisticated financial manual to maintain effective accounts and financial procedures.

The accountant is directly responsible to the Executive Director for their work. The internal audit process involves visiting all other and head offices to examine the books of accounts, various registers, loans, and savings collection sheets, verifying the ledgers and collection sheets with the records and passbooks of members, and examining the utilization of loans by the members.

A well-reputed Chartered Accounts Firm has been selected for the external audit of the organization. The Audit Firm audits SEED accounts every year and prepares a report.

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