Section 14

PRESIDENT'S ORDER 3 OF 1983 PRESIDENT'S ORDER III OF 1983 AGA KHAN UNIVERSITY ORDER, 1983 [ Gazette of Pakistan, Extraordinary, Part I, 2nd March, 1983] 14. University Fund, audit and accounts.‑(1) The University shall have a Fund to which shall be credited its income from fees, donations, trusts, be quests, endowments, grants, contributions and any other sources and which shall be under the control of the Board. (2) Capital and recurrent expenditure of the University shall be met from out of the contribution made by the Aga Khan University Foundation and any other sources, including other foundations, universities and individuals, and from the. income derived therefrom. (3) No contribution, donation or grant which may directly. or indirectly involve any immediate or subsequent financial liability for the University, or which may involve an activity not included in its programmes for the time being, shall be accepted without the prior approval oh the Board. (4) The accounts of the University shall be maintained in such form and manner as may be determined by the Board and shall be audited each year within four months of the closing of the financial year of the University by a Chartered Accountant appointed by the Board. (5) The accounts, together with the report of the auditor thereon, shall be submitted to the Board for approval. (6) The auditor's report shall certify that the auditor has complied with the standards of audit and certification laid down. by the Institute of Chartered Accountants of Pakistan.