Internal Controls
This portion of the book is focused on information and procedures related to internal controls at Indiana University.
Internal controls are crucial to ensure the accuracy, reliability, and integrity of financial processes at IU. By implementing effective internal controls, IU can mitigate risks, prevent fraud, and safeguard assets. Review the below information in full as a thorough understanding of the internal controls process at IU can enhance transparency, accountability, and overall financial management practices.
POLICIES
Review the below policies related to internal controls:
- FIN-ACC-1: Role of Fiscal Officer, Account Manager, and Account Supervisor
- FIN-ACC-30: Fiscal Misconduct
- FIN-ACC-35: Fraud
- FIN-ACC-470: Internal Controls
- FIN-ACC-620: Expenditures: Expenses and Reimbursement Under the Accountable Plan
- FIN-ACC-650: Financial Compliance: Authority and Accountability
- FIN-PURCH-07: Procurement Card Program
STANDARDS
Review the below standards related to internal controls:
- UCO-IRR-1.00: Internal Controls
- UCO-IRR-1.01: Financial Process Narrative
- UCO-IRR-1.02: Financial Sub-Certification
- UCO-IRR-1.03: Procurement Cards
CHECKLISTS
There are no checklists related to this portion of the book at this time. Please check back in the future!
TRAINING MATERIALS
There are no training materials related to this portion of the book at this time. Please check back in the future!
OTHER RELATED MATERIALS
Review the below other materials related to internal controls:
- Instructions: Financial Process Narrative Outline
- Template: Financial Process Narrative Template
- Template: Material Transaction Coversheet Template
- Template: Material Contract Coversheet Template
- Reference Document: API and Integration Request Form Definitions
- Reference Document: SOP-CARD-05: Personal Purchase Reimbursement
- Reference Document: SOP-CARD-04: Restricted Items
- Form: API and Integration Request Form
- Form: CRU Sub-Certification Form
- Form: Unit Level Sub-Certification Form
- Form: Procurement Card Sign-Out Log
IU Financial SYSTEM REPORTS AND PROCEDURES
Review the below IU financial system reports and procedures related to internal controls:
