Updated Interim Process.  High Risk Monitoring  Required for assurance of sub-certifications  Reliability of financial statements  Monetary loss.

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Presentation transcript:

Updated Interim Process

 High Risk Monitoring  Required for assurance of sub-certifications  Reliability of financial statements  Monetary loss

 All Account Administrators will be reviewed in two years  Smaller Scope  Emphasizing Consultation

 Review of Accounts  Segregation of duties  Purchasing (Procard/Travel Card Administration (PTCA)  Cash handling (Suspending)  Capital assets management (Suspending)  Gifts (Suspending)  Information Security (Suspending)

 On-site real time results provided  notification sent to Account Administrator, Staff involved and Manager (if necessary)  Monthly Status Update provided to VPBA & Associate VP, Financial Affairs  For Significant issues, a follow-up may occur

Questions? Sarah Remmert, Compliance Assurance Specialist James Weaver, Director