1.1 INTRODUCTION:

Risk Management & Internal Audit (RMIA) is a field that has involved a great deal with the different types of risks in ACI. It began as primary clerical operation concerned with payroll; risk records and arrange different types of training on risk management. In the 1960s, globalization, competition, merger acquisition forced Risk management & Internal Audit department to become more concerned with cost, management policy, risk related policy and the implications Finance and Accounting strategic for both organization and employees.

Risk Management & Internal Audit (RMIA) is the process of analyzing an organizations risk management needs under changing and developing activities necessary to meet these needs.
ACI Ltd is a multi disciplinary firm engaged in various activities related to Pharmaceuticals, Formulations and other associated business.
Unlike other private company in Bangladesh ACI is unique in Risk Management & Internal Audit. They have a separate RMIA section and dedicated officials for taking care of Risk Management & Internal Audit and development. Therefore, it is very much essential to undertake an in-depth study on Risk Management & Internal Audit practice in ACI Ltd.

1.2 Objective of the Study

The main objective of the report is to fulfill the requirement of BBA program. For this I had to attach with an organization and I chose ACI Limited. For this I have some practical job related experience with my academic knowledge.

The objective of the study is mainly two types and they are * Broad objective * Specific objective

Broad Objective: The broad objective of the study is to evaluate the current activities of Risk Management & Internal Audit of ACI Ltd. The specific objective:
To achieve the main objective, the following specific objectives are required to be achieved: * To know the RMIA activities performed by ACI Limited. * To identify the RMIA system of ACI Limited. * To analyze the risk analyzing and audit procedure of ACI Limited. * To evaluate different types of risk in ACI Limited. * Finally, to suggest some recommendations to improve the existing RMIA system of ACI Ltd. 1.3 Methodology of the study To collect the detailed information, I basically separated & the respondents in three different divisions (1) Hade of RMIA (2) Asst.Manager of RMIA (3) Internal employee. In depth interview of the first respondent division has been scrupulously scrutinized. Both formal question answer session and informal discussions were the part of this report. Primary interviews of the second & third respondent sections have been made, which was a questionnaire based interview. Convenient sampling method was applied for selecting the interviewees. 1.3.1 Primary data Collection Methods * Using a questionnaire * Face to face interview * Observation method 1.3.2 Secondary data Collection Methods: * Data collection from the companies’ brochures * Use the companies’ web side to make the report * Data collection from the companies’ Annual Report etc

1.3 Limitations of Study During the study, I have faced some limitations and they are given bellow: 1. The main problem is that, there are not enough secondary research materials and published information available in Bangladesh. 2. Three month is not enough time to gain practical knowledge and prepare a report. 3. There were some restrictions to have access to the information confidential by concern authority. 4. The companies don’t publish anything about the RMIA services 5. Another problem is that creates a lot of confusion regarding verification of data. In some cases more than one person were interviewed to clarify each concept as many of the employee failed to provide clear-cut idea about the job they perform.