The Internal Control and Auditing Department at Karbala Polytechnic College is the primary entity responsible for establishing transparency and financial governance. It carries out both proactive and retroactive oversight of all financial operations to ensure full compliance with effective laws and regulations. The department is tasked with auditing financial resources and revenues, including the Consultative Bureau and the Higher Education Fund, while maintaining rigorous supervision over warehouse movements and fixed assets through periodic and unannounced inventory audits. Furthermore, the department actively contributes to shaping the college’s financial policy by participating in budget preparation and monitoring investment plans, aiming to enhance financial performance efficiency and safeguard public funds in alignment with the Deanship’s strategic objectives.
Auditing Division
- Auditing financial transactions both before and after disbursement to ensure compliance with laws, regulations, instructions, and accounting standards.
- Conducting unannounced physical counts of the college stores and comparing findings with annual inventory reports and store ledgers, while accounting for inventory movement.
- Auditing the liability records related to fixed assets against the actual physical inventory across all departments.
- Tracking the movement of damaged, slow-moving, and scrap materials transferred to the waste and consumables store within the college deanship.
- Preparing and submitting periodic reports to the College Deanship.
- Contributing to the allocation of financial appropriations within annual budgets and monitoring their expenditure.
- Conducting periodic audits of the Higher Education Fund accounts.
- Ensuring that all procurement processes are executed in accordance with issued laws and instructions.
- Auditing the accounts of the Investment Plan in compliance with relevant laws and regulations.