Internal Controls Updates

November 16, 2017

Monitoring Results

As part of the ongoing University-wide Internal Controls initiative, the Office of the Controller (OC) performed monitoring activities during FY17 over implemented key controls for the Fixed Assets and Financial Close and Reporting business cycles. As part of this process, the Office of the Controller conducted interviews with control performers and other Tub personnel, performed walkthroughs and examined documentary evidence supporting the operating effectiveness of the Fixed Assets and Financial Close and Reporting business cycles controls.

Monitoring results, areas for improvement and good business practices are noted in the Internal Controls Monitoring section of the Internal Controls website: https://hwpi.harvard.edu/internalcontrols/internal-controls-monitoring

Updated controls matrices, including Fixed Assets, are available through the Internal Controls website: https://hwpi.harvard.edu/internalcontrols/business-cycle-controls-matrices