The document discusses auditing and reviewing the current wage and salary program at Albaraka Islamic Bank. It outlines the purpose of an audit as examining accounts to ensure accuracy. The audit would review individual salaries and aggregate figures to check for variances against budgets. While time-consuming, an audit discourages unfair practices and helps management address weak areas. It is recommended the management emphasize audit findings and revise related policies.

1. AUDITING & REVIEWING THE CURRENT WAGE AND SALARY PROGRAM Presented by: Zaman Khan Roll No. W-587611

9. CURRENT WAGE & SALARY PROGRAM 225 liters 100-200 Sc-7 SVP 70,000 50,000 44,000 40,000 36,000 24,600 24,000 21,600 21,600 10,000 MED ACTUAL ACTUAL 300 liters 250 liters 200 liters 150 liters 100 liters - - - Fuel 380-600 300 -450 200-395 150-285 80 -150 30-80 20 – 50 15 – 40 12 -30 10-20 G.Salary SC -11 CEO SC-10 COO SC -9 SEVP SC-8 EVP SCE-6 VP SC-5 AVP SC-4 MAN SC-3 A.MAN SC -2 OFFICER/ SENIOR OFFICER SC-1 NON OFFICER Items

10. BUDGTARY FIGURES 15 162 138 Others Increase % Year-2009 Year-2008 Salaries & allowance 15 21947 14683 Total 15 1516 1287 Gratuity 15 936 796 P.F 15 5806 4935 Employees Benefits 15 3893 3309 Bonus 15 9634 8188 Basic salary