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Internal Controls Are Everyone's Responsibility

Questions to ask yourself:

• Have I  exercised my responsibility for the day-to-day management of the project?
• Have I lived up to my responsibilities through diligent oversight of my job duties?
• I considered how this transaction would be perceived if it were reported in the newspaper?

Employee Responsibilities:

• Fulfilling the duties and responsibilities established in one’s job description.
• Meeting applicable performance standards.
• Following steps outlined in approved campus, department, unit or office policies and procedures.
• Taking all reasonable steps to safeguard assets against waste, loss, unauthorized use and misappropriation.
• Reporting breakdowns in internal control systems to your supervisor.
• Refraining from the use of your official position to secure unwarranted privileges.

Additional Responsibilities for Managers:

• Maintaining an environment that encourages the design of internal controls.
• Documenting policies and procedures that are to be followed in performing functions.
• Identifying the control objectives for the functions, and implementing cost effective controls designed to meet those objectives.
• Testing the controls regularly to determine if they are performing as intended.

Brochure: Internal Controls Are Your Responsibility