Smt. Anuradha
1. Financial statement review: Examine financial statements, records, and reports to ensure accuracy, completeness, and compliance with accounting standards and regulatory requirements.
2. Financial transaction auditing: Verify transactions, such as tuition payments, grants, and expenses, to ensure proper authorization, documentation, and recording.
3. Asset management: Review the management of assets, including cash, investments, and physical assets, to ensure proper safeguarding and utilization.
II. Operational Auditing
1. Process evaluation: Assess the efficiency and effectiveness of administrative and academic processes, such as admissions, registration, and graduation.
2. Internal control evaluation: Review internal controls, such as policies, procedures, and systems, to ensure they are adequate, effective, and compliant with regulatory requirements.
3. Risk assessment: Identify and evaluate potential risks, such as financial, operational, and reputational risks, and assess the institution's risk management strategies.
III. Compliance Auditing
1. Regulatory compliance: Verify compliance with relevant laws, regulations, and standards, such as those related to financial aid, student records, and accreditation.
2. Policy compliance: Review compliance with institutional policies and procedures, such as those related to procurement, travel, and conflict of interest.
Reporting and Follow-up
1. Audit reporting: Prepare and present audit reports to management, highlighting findings, recommendations, and action plans.
2. Follow-up: Monitor and follow up on audit recommendations to ensure implementation and effectiveness.
