Certifications & Attestation Services

Remittance of dividends, profits or capital gains to foreign shareholders goes through an Authorized Dealer bank under Bangladesh Bank foreign exchange guidelines, and an auditor's certificate is part of the application. We verify the audited financial statements, the board resolution, tax clearance documents and compliance with central bank guidelines before issuing the certificate. Requirements can vary by case, so confirm the AD bank's checklist early.

A turnover or royalty certificate is an auditor's attestation of the gross revenue or turnover figures on which royalty, trademark or franchise fees are calculated. Licensors, banks and regulators rely on it to confirm that the amount being paid or remitted is correct. Our work covers reconciling sales ledgers, checking the fee calculation against the licensing contract and confirming withholding tax compliance.

Technical assistance fees, engineering charges and consultancy payments to foreign parties fall under Bangladesh Bank foreign exchange regulations, and an auditor's certificate is commonly requested as supporting evidence. We verify the service agreements, any BIDA approvals, evidence that the services were delivered and the tax deduction challans for withholding tax. The certificate gives the AD bank independent confirmation that the payment matches the agreed terms.

When a company allots new shares or increases its paid-up capital, an auditor's certificate is often needed to confirm that the capital was actually received. We check bank encashment certificates for foreign remittances, bank statements, board and shareholder resolutions and the return of allotment (Form XV) for the Registrar of Joint Stock Companies and Firms (RJSC). The certificate supports the RJSC filing and related regulatory submissions.

Banks may ask a borrower for an independent auditor's certificate when it applies to renew a loan or working capital facility. This Form L certificate confirms the borrower's debt position and borrowing compliance. We verify debt schedules, working capital facilities and covenant compliance with reference to Bangladesh Bank prudential guidelines, so the bank receives figures checked by chartered accountants rather than relying on management data alone.

Nostro accounts are foreign currency accounts that a Bangladeshi bank holds with correspondent banks abroad. Commercial banks and financial institutions may need independent certification of these balances for central bank reporting and internal oversight. We reconcile the foreign currency account statements to the bank's books, review unreconciled entries and attest the balances in the reporting schedules submitted to Bangladesh Bank.