Carol Slade, CIA, CPA, CGFM
Director, Internal Audit
What are Internal Controls?
Internal controls are processes designed to help the University accomplish specific goals or objectives in the following categories:
a) Effectiveness and efficiency of operations
b) Reliability of financial reporting
c) Compliance with laws and regulations.
They are a means by which the University's resources are directed, monitored, and measured. Internal controls play an important role in preventing and detecting fraud and protecting the University’s assets, both tangible and intangible.
Control activities include, but are not limited to: approvals, authorizations, verifications, reconciliations, reviews of operating performance, security of assets and segregation of duties.
For more information on internal controls please click here.