IRDO

Financial And External Audit

Financial Solvency and Accounting system of the organization: IRDO is a financially solvent organization. The organization’s has the capital fund BDTK 201,274,112.00 and Accumulated Surplus from Micro Credit Program BDTK 261,394,010.00 on 30 June 2018. IRDO has its own land and training center. 20 Credit Branches, of whom all are gaining profit. IRDO has an accounts manual of its own. According standard is International Accounting Standard, all the account transaction and statement is prepared on the daily basis. All the field office and Head Office Accounts were prepared and Maintained by Accrual basis & double entry accounting system. Historical Cost Concept and Going Concern including with Consistencies were maintained in the accounting system. All the Accounts Books were kept in the safe custody up to 12 years by the Company Act, 1994. Cash Book, general Ledger, Subsidiary Ledger, Bank Register, Bank Cheque and Deposit Slip, Bill Vouchers, (Debit, Credit, Transfer/ Journal), Receipt and Payment Statement, Income and Expenditure Statement, Trial Balance and Cash Transaction Statements were maintained by the Accountants, which is verify by internal auditors, and final approval was given by Executive Director on behalf of EC on the Monthly EC Meetings. Each year Gov. approved CA firm perform audit of the performance and accounts. Apart from this donor organization were conduct audit by appointing international CA firm for their specific funding programs.