Banks need to strengthen internal control  

It is a sad reality that banks in Bangladesh, by and large, lack good governance. As a result, irregularities – big and small – take place. Against this backdrop, there is an urgent need for bolstering the internal control and audit functions in banks. But disappointingly, a study conducted by the Bangladesh Institute of Bank Management (BIBM) has revealed recently that only 19 per cent of the country’s bankers are interested to work in the internal audit department, and 40 per cent dislike working in such…