Samsi College

The Audit Committee at Samsi College, Malda, plays a pivotal role in ensuring financial transparency and accountability within the institution. This committee is integral to the college’s administrative framework, overseeing financial operations and ensuring compliance with statutory regulations.

Composition of the Audit Committee:

• Chairman: Dr. Salil Kumar Mukherjee, Principal
• Convener: Dr Surojit Mandal, Assistant Professor, (Bursur)
• Joint -Convener: Gautam Kumar Das, Head Clerk
• Member: Barun Tiruwa, Assistant Professor, Dr. Sk Mofazzal Hossain, Assistant Professor, Sujit Majumdar, Assistant Professor, Ranjit Ghosh, Cashier.

The committee’s responsibilities encompass conducting regular audits, reviewing financial statements, and ensuring that the college’s financial practices align with established standards and regulations. By maintaining rigorous oversight, the Audit Committee contributes to the institution’s commitment to financial integrity and transparency.

1. Dr. Salil Kumar Mukherjee, Principal -Chairman
2. Dr Surojit Mandal, Assistant Professor, (Bursur) -Convener
3. Barun Tiruwa, Assistant Professor -Member
4. Dr. Sk Mofazzal Hossain, Assistant Professor -Member
5. Gautam Kumar Das, Head Clerk Joint -Convener
6. Sujit Majumdar, Assistant Professor -Member
7. Ranjit Ghosh, Cashier -Member

Objective of the Audit Committee – Samsi College

The Audit Committee of Samsi College is constituted to ensure transparency, accountability, and integrity in the institution’s financial and administrative operations. Its primary objective is to oversee financial reporting, internal control systems, and compliance with statutory and regulatory requirements, thereby promoting good governance and safeguarding the college’s assets and resources.

Audit Committee Policy – Samsi College

The Audit Committee of Samsi College is established to ensure transparency, accountability, and integrity in the institution’s financial and operational processes. The committee shall review internal controls, oversee financial reporting, and ensure compliance with regulatory requirements. It will periodically assess audit reports, recommend corrective actions, and support ethical governance in the college’s financial management.

Audit Committee – Activities Overview (Samsi College)

The Audit Committee of Samsi College is responsible for overseeing the institution’s financial integrity and ensuring transparency in financial management. Key activities include:

1. Reviewing Annual Budgets: Examining and recommending the college’s annual budget and financial plans for approval.
2. Monitoring Expenditure: Regularly reviewing financial reports to ensure appropriate utilization of funds.
3. Internal Controls Evaluation: Assessing the effectiveness of internal control systems and risk management practices.
4. Audit Coordination: Coordinating with internal and external auditors during financial audits and ensuring timely compliance with audit recommendations.
5. Regulatory Compliance: Ensuring that all financial activities comply with governmental and university regulations.

Future Plan of the Audit Committee – Samsi College

The Audit Committee of Samsi College aims to strengthen the institution’s financial transparency and accountability by implementing regular internal audits and enhancing risk management frameworks. The committee plans to introduce advanced audit tools and training for staff to ensure compliance with regulatory standards. Additionally, it seeks to foster a culture of continuous improvement by recommending best practices for financial control and governance. Periodic review of financial policies will be conducted to align with evolving educational and financial regulations.