STANDARDS OF INTERNAL CONTROL

Granted April 2007

Table Of Contents

My spouse and i.

II.

III.

IV.

V.

VI.

VII.

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2 . 0

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4. 0

5. 0

Preface

Objective

Scope

Procedure

Responsibility

Scam

Revisions

Intro

General Control Requirements

Quick Reference

Income Cycle

2 . 1 Order Entry/Edit

installment payments on your 2 Loan/Financial Aid

installment payments on your 3 Payment

2 . four Accounts Receivable

2 . 5 Collection

2 . 6 Money Receipts

Purchase Cycle

three or more. 1 Dealer Selection and Retention

3. 2 Getting

3. several Receiving

several. 4 Accounts Payable

a few. 5 Payments

Payroll Pattern

4. 1 Human Resources, Reimbursement, and Benefits

4. two Payroll Preparation and Protection

4. a few Payroll Disbursement Controls

four. 4 Circulation of Payroll

Financial Confirming Cycle

5. 1 Accumulation of Financial Data

5. a couple of Processing and Reporting of economic Information

5. 3 Related Party Accounts

6. 0 Computer Systems Controls

6. 1 System Owners and Custodians of Equipment

6. 2 Physical Security and Environmental Controls

6. several Computer Gain access to Security

six. 4 Network Security

6. 5 Devices Development Technique

6. six Configuration Supervision

6. six Computer Procedures and Back-up

6. eight Disaster Recovery Planning

6. 9 Input Controls

6. 10 Processing Controls

6th. 11 Outcome Controls

six. 12 Paperless Transaction Finalizing

7. zero Environment, Into the Safety

eight. 0 Miscellaneous Cycles

8. 1 Capital Assets

eight. 2 Succeeding Additions/Future Use

9. zero Loss Elimination Cycle

being unfaithful. 1 Physical Security

9. 2 Get Controls

on the lookout for. 3 Employees Security

being unfaithful. 4 Physical Asset Protection

9. your five Protection of Trademarks/Logos

12. 0 Perceptive Property

Acknowledgement:

The unit used in this particular document is based off that of Motorola, Inc and is being utilized with their permission.

I. PREAMBLE

Our school has lengthy had a formal statement of policy about the maintenance of a satisfactory system of functioning and economical controls. The Standards of Interior Control (SIC) were created to function as a resource to aid document our continued dedication to complying with relevant university and Arizona Table of Regents' (ABOR) policies/procedures, local, state and federal laws and regulations, dependable operational and financial credit reporting, and integrity of our activities and documents. An overview of our " Approach to Internal Control” and the exterior environment this relates to is definitely provided below. ABOR

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SPECIFICATIONS OF

INNER CONTROL

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ECONOMIC

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SELF REVIEW

COMPLIANCE

TESTIMONIALS

HOTLINE

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MANAGING

IMPLEMENTATION

AND REVIEW

REGULATIONS

This represents the 1st edition in the SIC, that was published to aid ensure we meet the control requirements necessitated by the ever-changing environments in which we function. It is based upon the Internal Control Standards published by Motorola, Inc., and it is used with all their permission.

2. OBJECTIVE

Good internal regulates are important to reaching our key initiatives and goals. Using good settings as included in this document will help eliminate bottlenecks, redundancies, and unnecessary actions. Controls may prevent loss of resources, which include capital assets, inventory, exclusive information, and cash. They can help guarantee compliance with applicable laws and regulations. Periodic audits against the control guidelines may ensure that a procedure in control keeps in control. The objective of this file is to supply a resource to the citizenry that can help assure the presence of basic and consistent inner controls over the university. This kind of initial release of the Criteria of Inner Control may be the product of the continued attempts of numerous affiliates in various functions...