(5)He shall have duty the duty to exercise general supervision over the funds of the University and advise on financial policy :-(a)to ensure that no expenditure, not authorized in the budget is incurred by the University (otherwise than by way of investment);(b)to disallow proposed expenditure which may contravene the provisions of this Act or the terms of any Statutes or Ordinances;(c)to ensure that no financial irregularity is committed and to take steps to set right any irregularities pointed out during audit;(d)to ensure that the property and investments of the University are duly preserved and managed; and(e)to have the accounts audited regularly.
