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

Published byEvan Black Modified over 8 years ago

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Presentation on theme: "Updated Interim Process.  High Risk Monitoring  Required for assurance of sub-certifications  Reliability of financial statements  Monetary loss."— Presentation transcript:

1 Updated Interim Process

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

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

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

5  On-site real time results provided  Email 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

6 Questions? Sarah Remmert, Compliance Assurance Specialist 458-4989 James Weaver, Director 458-4992

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