Review services provided to departments are based on a risk assessment conducted by the quality assurance and financial compliance department with input from senior management of the campus. Based on the information provided, an overall assessment of risk to the university is made based on the level of internal controls and the potential visibility of errors. Individual departments are reviewed to assist the department in controlling its assets.
Areas of Responsibilities
The quality assurance and financial compliance department is overseen by the associate vice president for business affairs (director), who provides general guidance for the department’s goals, policies and procedures. The director approves the annual review plan and has final approval of all review activity.
Day-to-day operations are overseen by the compliance specialist. This supervisor prepares the annual risk assessment and develops the annual review plan based on the results of the assessment. The supervisor also prepares the scope of each review, conducts all or portions of each review, and oversees the results of the review.