Section 11: Financial Controller

11. Financial Controller (1) The Board shall, on the recommendation of the Human Resource Committee, appoint a Financial Controller on such terms and conditions as it thinks fit. (2) The duties of the Financial Controller shall be to— (a) prepare for the consideration of the Board the estimates of income and expenditure of the Open University, for each financial year; (b) collect all fees, and other monies due to the Open University, give receipts for the same and account for all sums so received in such form as the Board may from time to time direct; (c) exercise general supervision over the funds and advise the Board as regards its financial policy; (d) arrange for the annual, and any special, auditing of the accounts; (e) call for explanations for any unauthorised expenditure or other financial irregularity and suggest disciplinary action against persons at fault; (f) call from any office or unit for any information or return that he may consider necessary for the performance of his duties; and (g) perform such other financial functions as may be assigned to him by the Board, the Director-General or as may be provided for in the Statutes.