First: Reason for Establishing the Directorate
The Directorate of Financial Control and Auditing was established to strengthen the university’s internal control system, ensure optimal utilization of financial resources, reduce financial errors and deviations, and apply principles of transparency and integrity in line with modern financial governance requirements, thereby enhancing institutional performance efficiency.
Second: Vision of the Directorate
Achieving a high level of accuracy and transparency in the management of the University’s financial resources, and strengthening the principles of financial integrity and good governance.
Third: Mission of the Directorate
Ensuring compliance with financial laws and regulations, enhancing the efficiency of financial resource management in support of the sustainability of the educational process and institutional development, and safeguarding the University’s assets through the implementation of effective control and accounting systems.
Fourth: Objectives of the Directorate
• Strengthening compliance with financial and accounting laws and regulations.
• Ensuring the integrity and transparency of the University’s financial operations.
• Protecting the University’s assets and ensuring their sustainability and proper utilization.
• Enhancing the efficiency of financial resource management and reducing waste and deviations.
• Supporting decision-making through accurate and reliable financial reports.
• Developing the internal control system and improving the quality of accounting and financial processes.
Fifth: Core Functions of the Directorate
- Preparing, implementing, and monitoring financial control over the university’s general budget.
- Conducting both pre-audit and post-audit of all financial transactions (receipts and payments).
- Reviewing salaries, bonuses, and financial contracts.
- Auditing accounting records, entries, and financial books.
- Supervising the inventory of assets, stocks, and cash holdings.
- Monitoring and settling the university’s financial receivables and payables.
- Reviewing contracts and projects to ensure financial compliance.
- Preparing periodic financial and control reports.
- Coordinating with external auditors and facilitating their work.
- Proposing improvements to financial procedures and systems.
