MSO Forum. September 13, 2004. Outline of Presentation. Context: Internal Controls – Shared Responsibility DaFIS Passwords & Security General Ledger Review Tools Purchasing & Business Contracts Business Process Improvement Initiative Travel & Entertainment Expense Reporting
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September 13, 2004
The Control Environment:
All academic and administrative employees are responsible for controls when
conducting University business.
Although specific responsibilities
between groups may vary, all
work toward the same goal
of ensuring an effective and
efficient control environment.
Academic and Administrative Management:
Responsible for developing, implementing
and maintaining controls to manage risks
and achieve objectives. Controller has primary responsibility for providing
campus leadership to establish
effective internal control and
The Control Environment
Audit and Advisory Services:
Assists management in their
oversight and operating
independent audits and
consultations designed to evaluate
and promote the system of internal controls.
Audit and Advisory
Faculty and Staff:
Responsible for applying
University values, policies, procedures and regulatory requirements to ensure
What is Internal Control?
Internal control is an integral part of the University's operations. Internal control is broadly defined as a process, effected by our Board of Regents, faculty, and academic and administrative staff, designed to provide reasonable assurance regarding the achievement of instruction, research, patient care, and community service objectives, including:
Effectiveness and efficiency of operations.
Reliability of financial reporting.
Compliance with applicable laws and regulations.
Federal C&G $2.37 Billion
State Agencies $408 Million
Private $620 Million
Local Governments $131 Million
TOTAL $3.53 Billion 67%
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