Financial Controls & Computerization of Systems
A comprehensive Financial Manual has been developed and enforced in PVTC, VTIs
and Area Offices. Admin & Accounts Officers have been appointed at each VTI/Area
Office to ensure compliance of financial and administrative policies and
procedures. The accounts of PVTC, VTIs and Area Offices are annually audited by
a reputable firm of the chartered accountants. Currently our Auditors are M/s
Ford Rhodes Sidat Hyder & Co Chartered Accountants.
To ensure efficiency, better monitoring, control and to assist in integrated
accounting, Management Information System has been developed and is being
introduced. All VTIs are being linked to PVTC head office with internet for
efficient flow of information/data. A comprehensive system of monthly financial
reporting from VTIs and Area Offices has been designed and implemented. Monthly
Financial reports received from VTIs and Area Offices are compiled at Head
Office for Management reporting and decisions.
Internal Quality Audit
A department of internal quality audit has been established for independent
audit of financial, academic, administrative systems / policies and procedures.
The quality audit is carried out on regular basis during the year and reports of
quality audit are submitted to the management. Prompt action is taken to rectify
any shortcoming in any area of VTIs operations.