Internal Audit Department
Internal Audit department has been established to assure independent and objectivity in Pre and Post Audit of University inflows and outflows. It helps the University to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance process. Internal auditing is a catalyst for improving an organization’s governance, risk management and management controls by providing insight and recommendations based on analyses and assessments of data and overall university processes.
Key deliverables of internal audit department are:
- Designing hierarchy for transaction flow on Idempiere
- Providing consultation regarding development of payroll system in coordination with Treasurer wing and ICT
- Detailed Internal Audit inspection in a year, in order to assure the existence of KFUEIT Assets, their designated utilization and completion of record
- Three External Audits in 4-year time by DG, Audit Punjab have successfully been conducted and responded at appropriate level i.e DAC, SDAC etc while giving the official version of KFUEIT