Apart from torturing students with unusual changes in academics, Mumbai University has also been misusing funds over the last few years.
The University has an Internal Audit Wing which is supposed to audit all the departments annually. But it hasn’t conducted an internal audit of a single department in the last 5 years.
Even Cash books and registers are not maintained and University failed to show accounts of the last 2 years during CAG inspection in March 2013.
MU has spent Rs. 58 crore between 2007 and 2010 paying temporary staff without seeking approval from the state.
Time to teach Financial Management to MU?
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