NEF-CCN >> Annual Financial and Performance Audit

The Board will appoint an independent well-renowned auditor to undertake an annual audit. The appointment will be made during the annual Board Meeting. The auditor’s report for the previous financial year will be tabled for discussion and follow-up action at every annual Board meeting.

A performance audit of all constituent colleges will be undertaken every year. The performance standards of key officers as well as performance targets of all constituent colleges will be defined at the beginning of every academic year. The actual performance against the performance targets will be evaluated and submitted for Board’s consideration for necessary action.