Internal controls are necessary to prevent mishandling of funds, safeguard against lossÌýand protect employees from inappropriate charges by defining responsibilities in the cash handling process. The Â鶹ÊÓƵ campus departments that handle cash must have an awareness of strong internal controls. Departments are responsible for ensuring that internal controls are established, properly documentedÌýand maintained.

By developing and implementing effective systems of internal controls, campus departments can contribute to enhancing the university’s ability to meet its objectives and to reducing the potential liability from fines and penalties that could be imposed for violations.