Asset discrepancy of BRAC Bank Limited

Abstract

BRAC Bank Limited, as of the as of the Yearly Report 2018, has about a BDT 4.3 billion worth the estimation of assets. The greater part of these Assets is IT based resources extending from software, hardware, servers, pc/workstations and so on. The greater part of these Assets assumes an essential job in the day by day running of BRAC Bank Limited. Besides, IT resources contains confidential information which are pivotal for BRAC Bank Limited. In any case, these IT Resources can be moved from one area or division to the others. The thought process of the examination was to direct in consistence with the Bank Company Act 1991, which expressed that each bank organizations needs to complete a Physical Verification of Assets every three year. This was to give BRAC Bank a precise portrayal about the nearness and the state of their benefits. From this investigation, it could be distinguished the particular condition and the use life of the advantage and comprehend the future requirement for IT resource pivot for BRAC Bank Limited. Likewise, through this verification, BRAC Bank could recognize the gap in their Fixed Asset Register (FAR). Additionally, through this process of Physical Verification, the administration of BRAC Bank can settle on new arrangements with respect to Fixed Assets. The real motive of this verification was to recognize the discrepancy in the Fixed Asset for BRAC Bank Limited. Alongside, identify the reasons that causes these gaps in the Fixed Assets.