Braf has an internal audit department under the direct disposal of the CEO the chief Executive Officer and the audit team of the department filled with adequate professionals. They are responsible for routine/continuous auditing of the department activities under the organization. Responsibilities of the audit team includes-
Maintaining Internal accounts standards & rules and reports are presented in accordance with the rules.
Identification of technique/finds of corruption/misappropriation in order to present these.
To verify the accuracy of financial expenditures are spent according to the rules and regulations of the organization.
To verify appropriation of the financial transaction, documents, accounts and other reports.
To detect the misappropriation of cash/goods and manipulated frauds of accounts
Monitoring team is responsible to seek target, achievement, input, output of an activity and other required actions are proceeding according to the plan in favor of organization i.e., they are the auditor of the management process.
Good Governance
BRAF is governed by its registered constitutions, formed out policies, rules & regulations by joint stock companies and related registration authorities & decisions of AGM. Apart from this Board of Director’s (Permanent board ) ensure the proper governance of BRAF. BRAF Board of director’s (BD) consists of 21 members. Board of director’s is responsible for appointing the Executive Director, selecting the CA Farm, formulating organizational policies, providing need based consultancies/ guidelines etc. maintaining a control system in the organization.
