IU Financial System Reports and Procedures
Click to review the below IU financial system reports and procedures related to internal controls:
Material Transactions Report and Instructions
The material transactions report was introduced to assist units in pulling detailed, non-system-generated transactions with absolute values of $5 million or greater. To ensure the integrity of an entity’s financial position as well as compliance with internal controls and external audit requests, units are responsible for reviewing and substantiating these material transactions. This report allows units to readily identify individual entries at the account line-item level, review transactions for accuracy, and gather supporting documentation. Review the material transactions report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links: