Bangladesh, Sept. 9 -- Issuers of initial public offerings (IPOs) will be required to undergo an "extended audit" to physically verify assets, inventories, and bank transactions, as part of a regulatory move to protect public interest post-IPO.

The Bangladesh Securities and Exchange Commission (BSEC) is considering amending the public issue rules to this effect.

An extended audit is more detailed and broader in scope than a standard audit, requiring the auditor to perform additional procedures, checks, and tests to minimise risk and provide greater assurance of the issuer's financial strength. It is expected to help expedite the regulatory approval process.

Talking to The FE, BSEC officials said conventional audits often avoided physi...