Internal Audit and Control Division – College of Administration and Economics

The Internal Audit and Control Division at the College of Administration and Economics plays a vital role in ensuring integrity and transparency in the college’s financial and administrative operations. Its responsibilities include:

1. Financial Audit:
   • Examining all financial and accounting records to ensure data accuracy and the integrity of financial procedures.
   • Ensuring that financial transactions comply with applicable accounting laws and regulations.
2. Internal Control:
   • Monitoring the college’s adherence to internal procedures and policies.
   • Reviewing internal systems and proposing improvements to enhance efficiency and reduce risks.
3. Administrative Performance Review:
   • Evaluating the performance of various college departments and ensuring the achievement of planned objectives.
   • Preparing reports for senior management on the efficiency and effectiveness of administrative operations.
4. Compliance with Laws and Regulations:
   • Ensuring the college complies with directives and regulations issued by the Ministry of Higher Education and Scientific Research.
   • Verifying the implementation of governmental and institutional policies and directives.
5. Inventory Oversight:
   • Supervising periodic inventories of fixed assets and stores.
   • Ensuring inventory records match official documentation and preventing any potential manipulation.
6. Detection of Violations and Fraud:
   • Investigating any reported financial or administrative violations.
   • Preparing detailed reports on cases of manipulation or embezzlement, if any, and providing recommendations for corrective actions.
7. Advisory and Recommendations:
   • Offering suggestions to improve administrative and financial operations within the college.
   • Assisting various departments in developing internal control strategies.

Through these responsibilities, the Internal Audit and Control Division aims to enhance transparency and improve administrative and financial performance at the College of Administration and Economics.

• Financial and Administrative Audit Unit

• Current Transactions Audit Unit