Dhaka, Jan. 17 -- The Finance Division has formed an independent Internal Audit Unit to minimise financial risks and ensure proper management within government institutions in Bangladesh, said Finance Division Secretary Md Khairuzzaman Mozumder.

Recognising the importance of internal auditing, this initiative will become fully operational starting next week, he said while speaking as the chief guest at a programme on Friday, according to a press release.

Addressing a stakeholder consultation workshop titled "Internal Auditing Journey in the Public Sector," the secretary said that financial management is not solely the responsibility of the Ministry of Finance; all government spending entities are involved in the process.

Consequently, ...