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Governance and leadership
Page 159
6.3.7 What is the impact of the University’s Academic Staff College
Programmes in enhancing the competencies of the University faculty?
Impacts of ASC on faculty
Faculty members have gained competent technical knowledge
Have become professional educators
Have improved personality by gains in positive attitude, ethics and
moral value
Faculty have understood the needs of the industry
Faculty members plan and arrange the curriculum and course material
before every semester.
Ultimately quality of faculty and teaching-learning process is improved
continuously
6.4 Financial Management and Resource Mobilization
6.4.1
What is the institutional mechanism available to monitor the
effective and efficient use of financial resources?
Finance Committee monitor the effective and efficient utilisation of
financial resources
Deans of Schools prepare their own budget proposals in consultation
with the Division and Programme Chairs and submit the budget proposals to
the Core Group.
Core group sanctions the budget at the beginning of each financial
year. Deans are empowered to operate the budget.
Project funds are monitored by the Director-Sponsored Research and
are subject to audit at the end of the financial year.
6.4.2 Does the
University have a mechanism for internal and external
audit? Give details.
A Finance Committee made of faculty members
monitors the flow of funds
and approves the budget for the University. The audited statement of accounts
for the University comes under the scrutiny of this committee. There is an in-
built audit mechanism in the financial processes of the University. Apart from
this, there is an external audit in addition to the statutory internal audit.
6.4.3 Are the institution’s accounts audited regularly? Have there been
any major audit objections, if so, how were they addressed?