Statute Regulating Financial Affairs in Universities · Article 25

a.Verifying that all the university’s movable and fixed funds are used for the purposes for which they were allocated, and that the concerned departments have reasonable and appropriate procedures to ensure the safety, proper use, and utilization of these funds.

b.Staying abreast of existing regulations and financial and accounting statutes to determine their applicability, adequacy, and appropriateness, and submitting his recommendations to the University President.

c.Reviewing the advances and the trusts every three months to ensure that no sums remain in these two accounts without justification.

d.Ensuring the application of warehouse rules, supervising the inventory process and ensuring its procedural integrity.