Capital Equipment added to FY19 Internal Controls Certification

Capital Equipment added to FY19 Internal Controls Certification

The Capital Equipment process has been added to the Internal Controls Annual Certification for FY2019. For the processes' first year on the Certification, Deans / Directors / VPs will certify that:

  • They understand their responsibility to assure proper internal controls within their unit for Capital Equipment
  • Their unit has performed a gap analysis of the appropriate operating, monitoring, and oversight controls, as outlined in the internal controls matrix for the Capital Equipment process, and
  • Their unit has developed a plan to address any internal control gaps identified in the analysis within the next twelve months, prior to the next annual certification

In FY2020 the Capital Equipment process will join the Alternating Year Gap Analysis Approach. For additional information on Capital Equipment, please see the Capital Equipment Overview of Key Processes presentation.