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  Shri Balaji Sansthan Deulgaon Raja's  


Deulgaon Raja-443 204, Dist. Buldhana (M.S.)
(Affiliated to Sant Gadge Baba Amravati University)
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   To review the routine activities and provide suggestion for the improvement college has an internal audit committee.The internal audit function is an independent, objective assurance and consulting activity designed to add value and improve the College operations. It helps the College accomplish its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Objectives of committee:

   The Committee shall ensure that the internal control systems, including audit activities of the College and any of its subsidiaries are monitored actively, independently and objectively in order to:

  • Examine and evaluate financial and operational controls, policies and procedures, and systems in place to safeguard College assets.
  • Review compliance with policies, procedures, laws and regulations.
  • Coordinate activities with others so as best to achieve audit objectives and the objectives of the organization.
  • Report results and make recommendations to administration.
  • Coordinate audit planning and scheduling activities with other external audit organizations.

   Internal audit committeeconducts internal audit every three month and checks all the financial books and makes recommendation if any aboutcorrection /improvement.Committeeassess and provide the management with an opinion on the adequacy and effectiveness of the College‚Äôs audit arrangements, framework of governance, risk management and control, and processes for securing economy, efficiency and effectiveness. All audit work will adhere to the Institute of Internal Auditors (IIA) mandatory guidance, including the Core Principles, International Standards for Professional Practice of Internal Auditing, and Code of Ethics. The internal audit function is expected to consistently demonstrate high standards of conduct and ethics as well as appropriate judgment, independence, and discretion. It must maintain a professional image and protect auditee confidences and confidential information. The internal audit function must also maintain the knowledge, skills, and other competencies needed to perform its responsibilities.
   To analyze and verify the financial statement of the Institution College perform external audit annually. All the financial books are checked by external Auditor and verified by him.

Sr. No Name Coordinator Member
01 Internal Audit & Annual Budget Committee, Dr. N.H. Shegokar (Asst. Prof.) Dr. V.R. Bansile (Asso. Prof.)
Shri. K.D. Sonone (OS)
02 External Audit Shri. Sunil Salunke (C. A.) Sunil Salunke & Associates, Chatrapati Sambhaji nagar.