University Audit







RISKS and CONTROLS


Financial and Operational


Examples of controls to reduce risks of program losses or mismanaged operations:

  • The tone at the top supports ethical values and sound business practices.


  • Management reviews budget position reports for budget status.


  • Management reviews periodic activity reports to evaluate whether objectives are being achieved.


  • Systems provide timely, accurate, and sufficient information.


  • The unit uses benchmarking and other measures to evaluate effectiveness and customer satisfaction.


  • Resources, including equipment and personnel, are adequate to achieve program objectives.


  • Procedures are written for key processes.




Click on the links below for some examples of controls to mitigate risk:


Return to overview of Risks and Controls