02nd August, 2002.
Vice-Chancellors of Universities,
Rectors of Campuses,
Directors of Institutes.
APPOINTMENT OF AUDIT & MANAGEMENT COMMITTEES IN PUBLIC ENTERPRISES
Your attention is drawn to Public Finance Circular No. PF/PE3 dated 19.11.1999 on the above matter.
In terms of the provision in the above Circular, the Audit & Management Committee should consist of at least three Board members chaired by a Non Executive Director.
As discussed at the meeting with the Hon. Minister of Tertiary Education & Training and the Auditor General on 26th June 2002, the following composition has been decided by the Commission.
- Member of the Council (Chair) (UGC appointed Member)
- Two other members of the Council, preferably those in the Finance Committee
- Registrar
- Deputy Internal Auditor/Senior Assistant Internal Auditor/Assistant Internal Auditor(Convenor)
The term of Reference of the committee as indicated in the Treasury Circular are Annexed to this Circular.
(Prof. B.R.R.N Mendis- Chairman)
Cc:
- Chairman/UGC
- Vice-Chairman/UGC
- Members of the UGC
- Secretary/UGC
- Deans of Faculties
- Registrars of Universites
- Financial Controller/UGC
- Bursars of Universities
- Librarians/SAL/AL of the Higher Educational Institutions/Institutes ;
- Snr. Asst.Registrars/Asst.Registrars of HEIs/Campuses
- Snr. Asst.Bursars/Asst.Bursars of HEIs/Campuses
- Chief Internal Audi tor/UGC
- Govt. Audit Superintendents of Universities
- Snr. Asst.Int. Auditors/Asst.Int.Auditors of HEIs
- Secretaries of Trade Unions
- Auditor-General
File No. UGC/CIA/F/AMC/1
 Annexed Schedule | [ ] | 18 Kb |
