Page 78 - AQAR 2018-2019

practice assists the finance department in detecting errors and omissions and
to rectify the same at the initial stage itself, thereby they can finalize the
books of accounts and submit the relevant returns to the necessary authority on
time and to present authentic accounts and financial statements to the external
auditor. The external audit is done within a period of six months of closing of
the financial year by the external auditing firm. The vouchers accounting
ledgers, income and expenditure account and balance sheets are subject to
external audit. The external auditors would scrutinize the financial accounts
and statements and specify deviations or objections, if any. The audit
objections raised by the external auditor would be replied by the clarification
offered are satisfactory, the auditors would drop the objections. The last five-
year auditing of financial accounts of Karpagam Academy of Higher Education
reveal that on an average less than 10 objections are observed and they have
been satisfactorily answered. The external auditors will also refer to the
reports of the internal auditors. The audited financial accounts and statements
would be submitted to the Finance Committee for consideration and then taken to
the Board of Management for approval.

6.4.2 – Funds / Grants received from management, non-government bodies, individuals, philanthropies during the
year(not covered in Criterion III)

Name of the non government Funds/ Grnats received in Rs. Purpose
funding agencies /individuals
Sriram Engineering 1957000 Development and
Maintenance of
infrastructure
View File

6.4.3 – Total corpus fund generated
1028000

6.5 – Internal Quality Assurance System
6.5.1 – Whether Academic and Administrative Audit (AAA) has been done?

Audit Type External Internal
Yes/No Agency Yes/No Authority

Academic Yes External Yes IQAC- KAHE
Academic
Experts
Administrative Yes External Yes IQAC-KAHE
Administrative
Experts
6.5.2 – What efforts are made by the University to promote autonomy in the affiliated/constituent colleges? (if
applicable)
Not Applicable

6.5.3 – Activities and support from the Parent – Teacher Association (at least three)

1. Opinion about the Curriculum and Syllabus followed by the institution. 2.
Opinion about the Institution’s Teaching Methodologies Adapted 3. Opinion about
the Training given for Placement and other Competitive Examinations in the
Institution. 4. Technical skills in their laboratory equipment Training

6.5.4 – Development programmes for support staff (at least three)
The Supporting staff members had undergone the following development programme.
1. Language enhancement 2. MS Office 3. Soft Skills 4. Technical skills