A spokesperson of the Punjab Education Foundation (PEF), clarifying its position, stated that the chief minister ordered a departmental inquiry on the report of Chief Minister’s Inspection Team (CMIT) which has already been completed and its findings have been presented to the PEF Board of Directors and is awaiting the BOD’s final decision.
The spokesman further said that three different types of audits are regularly held every year. It is “satisfying” to point out that the PEF has “well-designed” control structures that guide in financial and internal control related policies and procedures. It also has a multiple third party audit system for ensuring complete transparency. The PEF audit systems ensure transparent and efficient regulatory framework, the spokesperson concluded.
