Policies
Click to review the below policies related to accounts payable:
FIN-PURCH-01: Purchasing Authority
Click the above link to review the Indiana University policy on purchasing authority. This policy contains information about purchasing roles and responsibilities at Indiana University. In particular, this policy is focused on establishing who has the authority to commit university funds for goods or services, and all agency powers associated with business activities. This policy outlines purchasing policies, procedures, standards, and delegations of purchasing power for the university as a whole. This policy helps assure fiscal responsibility and mitigates risk for expenditure of public or managed university funds. This policy also helps enable, through delegated authority, prompt response to departmental needs where applicable for more efficient and effective procurement and payment transactions.
FIN-PURCH-09: Purchasing Ethics
Click the above link to review the Indiana University policy on purchasing ethics. This policy outlines the importance of and procedures for developing a complete and transparent audit trail, compliance with the university’s solicitation requirements, and completion of conflict of interest and disclosure statements in order to ensure goods and services are purchased ethically. This policy is meant to prevent unethical behavior in purchasing transactions.
FIN-PURCH-10: Release of Procurement Records
Click the above link to review the Indiana University policy on the release of procurement records. The policy outlines that procurement transactions should comply with the provisions of the Indiana Access to Open Records Act and any other applicable state or federal law or regulation governing the release of records. Review this policy in full for details about the types of records than can be released and the procedures that should be completed prior to releasing procurement records. Failure to follow appropriate policies and procedures regarding the use of university funds and resources could put the university in financial and legal risk.