Achieving your objectives with internal controls
Internal controls are the methods an organization uses to help ensure its objectives are met. Good internal controls can include such practices as:
- Providing written guides to staff for consistent, efficient operations
- Adhering to university IT and cybersecurity policies and practices
- Closely overseeing the use of procurement cards
- Requiring locked offices to discourage theft
- Reviewing monthly account statements to verify that transactions are reasonable
University policy designates vice presidents, chancellors, deans, directors, and fiscal officers as being responsible for ensuring that the system of internal controls supports operations, reporting, and compliance.