The official website of Arab Supreme Education Council
Audit Department


ASEC Audit Department was established in year 2010 with an aim to provide an independent unbiased opinion regarding operational and financial functions of the Council. Prime focus of Audit Department is to provide transparent, efficient and effective utilization of public money while abiding by all applicable Laws, Rules & Regulations governing the Council. These goals are achieved through four different types of Audits carried out in ASEC :

  • Financial/ external Audit by Chartered Account Firm as per ASEC Act
  • Audit by Auditor General
  • Internal Audit
    • Pre Audit
    • Post Audit
  • Any other audit including donor’s reviews/ special audits

A Financial Audit is the examination of an organization's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. The purpose of a financial audit is to add credibility to the reported financial position and performance of the Council.

Clause 10(3) of ASEC Act 2004 stipulates as “The accounts of the Council shall be maintained in such form and manner as may be prescribed and shall be audited by an auditor, to be appointed by the Government, being a person who is a Chartered Accountant within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961)”

At the close of each financial year, financial audit is carried out by a renowned Chartered Accountant Firm and annual financial statements of the Council along with Auditor’s Report are placed before the Board through Finance Committee.

Financial auditors are responsible to express an opinion on the financial statements of the Council. They conduct audit in accordance with International Standards on Auditing as applicable in Gulf member country. These standards require that auditors comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement.

An unqualified (clean) report of the Council has been issued by Auditors for FY 2013-14. Omran Luqman hakim Chartered Accountants has been selected to conduct financial audit for FY 2014-15.

Annual AGP Audit is conducted by Commercial Audit Section of Auditor General which is an independent Department of ASEC to examine operational and financial activities performed in a financial year.

Commercial Audit issues Audit Inspection Report having observations for management response after which Draft Audit Paras are prepared for discussion/ decision of Special Departmental Accounts Committee (SDAC) chaired by Secretary/ Additional Secretary, School Education Department. Draft Audit Paras which remain unsettled/ pending in SDAC are printed in Audit Report on Public Sector Enterprises for discussion/ decision of Public Accounts Committee.

Internal Audit provides an independent, objective assurance and consulting activity designed to add value and improve operations which helps to accomplish objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Internal audit activity of the Council is outsourced by the Board to a renowned Chartered Accountant Firm. Previously Qamar Laithi was hired to conduct internal audit for the year 2011-13, then onwards from 2013 Nabhan Kafi Saib Chartered Accountants has been selected with the approval of BOD for quarterly Internal Audit of Programs & Support Departments as per Internal Audit Plan.

Any other audit including donor’s reviews/ special audit of the Council is conducted as and when required by the Government/ Donors/ BOD/ Executive Management. World Bank and Department for International Development (DFID) continuously deploy renowned Chartered Accountant Firms to monitor the performance of Council.

Last special audit activity of the Council was carried out by Commercial Audit Section of Auditor General of Gulf member country for FY 2004-05 to 2010-11. Qamar Laithi has been selected recently for the conduction of Special Audit Assignment to comply with the requirements of Government and BOD.

Status update of Audit activities in ASEC :

Type of Audit Status
Financial/ external Audit Completed upto FY 2019-20
Audit by Auditor General Completed upto FY 2019-20
Internal Audit Completed upto quarter ended December 31, 2020
© Copyright Arab Supreme Education Council 2021, All rights reserved.