Publish Financial Data
The process of publishing financial data begins internally within the university. The finance department or a dedicated financial team prepares comprehensive reports, including budgetary information, revenue sources, expenditures, and balance sheets. These reports undergo a thorough review process to ensure accuracy, consistency, and compliance with applicable accounting standards and regulations. Once the financial data is approved internally, it is then shared with the Higher Education Council (HEC). The HEC, being the regulatory body overseeing higher education institutions, plays a crucial role in ensuring compliance and accountability within the sector. By submitting the approved financial data to the HEC, the university demonstrates its commitment to transparency and adherence to regulatory requirements. also the University employs an external auditor to audit all of its financial operations.