Auditors flag financial breaches at non-life insurers
Dhaka, June 3 -- Auditors have exposed a series of financial reporting irregularities, regulatory breaches, and governance weaknesses at several listed general insurers, raising fresh concerns over transparency and compliance standards in the country's insurance sector.
They revealed issues ranging from potentially impaired bank deposits and overstated investment values to excessive management expenses, unverified balances, and non-compliance with international accounting standards.
The audit observations, involving at least 18 listed insurance companies and their 2025 financial statements, were published on Tuesday.
The audit reports cover non-life insurers, including Eastern Insurance, Bangladesh General Insurance, Central Insurance,...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.