ISLAMABAD:Pakistan Cricket Board (PCB) has installed a robust financial management system and undergoes external and internal audits which were conducted by internationally acclaimed firms of Chartered Accountants.
In a written reply to a question, Ministry of Inter Provincial Coordination on Friday informed National Assembly that federal audits have been conducted by the Auditor General of Pakistan and PCB representatives also appear before the departmental and Public Accounts Committees.
Annual audit reports and periodical internal audit reports were uploaded to and available on the official PCB website. Additionally, PCB also exercises additional precautionary measures from time to time for risk control purposes.
The ministry further said in written reply that PCB undertakes all its functions under the PCB Constitution and all the affairs in respect of the management and administration board are carried out by the Board of Governors (BOG) constituted under the PCB Constitution.