FINANCIAL CONTROLS

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FINANCIAL CONTROLS Controls Self Assessment
Welcome! New additions to the department Angela
Uyeno Sharon Washington PCard
Reviews Timeline Volunteers???
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FINANCIAL CONTROLS Controls Self Assessment
Website http//www4.nau.edu/comptr/financialcontr
ols.html Services Internal Control
Primer Controls Policy Self Assessment
Questionnaires History of the Financial Controls
Office
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FINANCIAL CONTROLS Controls Self Assessment
Internal Control Primer Definition process,
people, reasonable assurance to Achieve
objectives in operations, reporting and
compliance Who is Responsible for Internal
Control? everyone Five Components of Internal
Controls Control environment, risk assessment,
control activities, Information and
communication, monitoring Types of Control
Activities Preventive and detective
ABOR 6-711 Internal Control Responsibilities
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FINANCIAL CONTROLS Controls Self Assessment
Controls Policy Self Assessment
Questionnaires Cash and Check Handling Department
al Purchasing Document (PD) Journal
Entries Payroll PCard Property Control Purchasing
Receivables Travel Yes! No.
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FINANCIAL CONTROLS Controls Self Assessment
Departmental Purchase Order (PD) Policy
Compliance Self Assessment PDs are generated in
Advantage prior to ordering goods or services.
Hard copy of the PD is sent to the vendor so
that vendor invoices reflect the University order
number. Department uses PD to purchase good and
services valued at under 5000 total, inclusive
of freight and taxes. Department contacts NAU
Environmental Health and Safety office to see if
insurance is required on their purchase of any
services. Purchases are not split in order to
circumvent the 5000 purchase limit. Purchases
are not from University employees or firms owned
by University employees.