Photo : BSS

DHAKA, Nov 10, 2024 (BSS) - Bangladesh Bank (BB) has taken a decision to 
conduct a forensic audit on mobile financial service (MFS) provider Nagad.

The central bank today took the decision at its board meeting held at the BB 
headquarters in the city, said BB Executive Director and Spokesperson Husne 
Ara Shikha after the meeting.

According to Investopedia, a forensic audit is an examination and evaluation 
of a firm's or individual's financial records.

During a forensic audit, an auditor seeks to derive evidence that could 
potentially be used in court. A forensic audit is used to uncover criminal 
behaviour such as fraud or embezzlement.

Husne Ara Shikha informed that the central bank has restructured its Audit 
Committee, by removing its member Md Nazrul Huda and replacing him with Dhaka 
University teacher Professor Dr. Rashed Al Mahmud Titumir.

Nazrul Huda was appointed as a member of the Audit Committee on January 12, 
2020.

Dr Rashed is a Professor of Economics and former Chairman of the Department 
of Development Studies at Dhaka University (DU).