WPPF Audit Services in Dhaka and Chittagong, Bangladesh

Workers Profit Participation (WPPF) audit

1. Watch that the organization has built up a Workers' Participation Store when the records for the year in which the foundation of assets ends up material.However not later than nine months after the end of the year.
2. Watch that the organization has paid to the Fund not later than nine months after the end of significant bookkeeping year five percent of benefit for the year.
3. Re – PC the over five-percent based on audited accounts.
4. Guarantee that a Board of Trustee has been comprised comprising of following trustees, in particular:

• Two people chosen by the laborers of the organization from the board themselves and. (b) Two people designated by the administration of the organization of whom something like one will be an individual from the records part of the organization.
• On the off chance that the organization uses the measure of Fund, guarantee that the organization pays to the Fund enthusiasm at the rate of 2.5% over the bank rate or 75% of the rate at which profit is announced on its conventional offers whichever is higher. The enthusiasm on the Fund should gather on and from the principal day of the year next succeeding the year in which the plan ends up pertinent to the organization.
• At the point when the organization does not wish to use the sum accessible to it, enthusiasm as set out above is payable by the organization for the period between the date for portion of any add up to the Fund and the date of its interest in outside securities.
• In the event that, whenever, after the foundation of the Fund, the organization raises extra capital, generally than through the issue of reward shares, guarantee that first conclusion has been given to the Fund to change over any sum accessible to the organization as aforementioned, into common value capital up to a 'roof of 20% of the paid up capital of the organization or half of the extra capital, whichever is less.
• Guarantee that the measure of Fund which, the organization has asked for to be used for speculation is contributed by the Board for the buy of anybody of the accompanying securities.9. Check legitimate conveyance of advantages to specialists as pursues:
• The quantity of accessible units is separated into three sections for the three classes of specialists
• Guarantee that 100% of the yearly salary of the Fund, including capital additions acknowledged, is dispersed every year to laborers extent to their unit of privilege.
• Watch that a specialist who willfully leaves the work of organization or whose administrations are ended is paid 100 percent of net resource estimation of the units remaining in his name.
• Guarantee that a laborer, in case of his retirement or his ostensible recipient, in case of specialist's passing (from at all ca while in the work of the organization, gets 100% of the benefits estimation of the units extraordinary in the laborer's n regardless of the time of utilize justify.
• Check that the net resource estimation of a solidarity the aggregate net resources of the Fund to be specific, advertise estimation of the securities, money and different resources coming about because of the speculation, capital gradual addition thereto and all pay of each caring emerging in this manner are partitioned by the quantity of units in the Fund.
• Guarantee that the net resource estimation of the whole Fund is PC drone consistently and every laborer's unit privilege is resolved in the meantime. Extra units are given to the specialists as indicated by the sum they intentionally add to the Fund.
• Confirm the net resource estimation of the Fund at the end of the bookkeeping year as pursues: