Reconciliations should be performed by a person independent of the basic process. A good internal control system provides a mechanism to verify that transactions and activity are for the correct ...

Internal control—a process affected by a college or university's governing board, administration, faculty, and staff—is designed to provide reasonable assurance regarding the achievement of objectives ...

internal control, and governance processes. The protection of University assets is shared by everyone. Be alert and recognize control weaknesses that may result in losses or inefficiencies. We are ...

At most, computer systems process transactions in corporate assets, but the internal accounting controls are concerned with the use and disposition of the corporate assets themselves. In other ...

Internal control as defined by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a process, affected by an entity's board of directors (trustees), management, and other ...

Develop and coordinate all policy related to the internal control program. Implement an on-going training process for all employees. (SMEs are identified across the university and specifically in high ...

A system of internal control is needed to ensure that appropriate management of these assets occurs. Good inventory internal controls incorporate the following: ...