Internal Controls Gap Analyses and Written Procedures updated for FY2020
The Internal Controls Annual Gap Analyses and Written Procedures (excel, word, and M-Reports) have been updated for FY2020. This year's processes include Employment, Gift Cards, Cash Handling (Credit Cards), PCard, Unit Administered Financial Aid, and Capital Equipment. The Capital Equipment process which was new in FY2019 is now included in the annual gap analysis of the appropriate operating, monitoring and oversight controls, as outlined in the internal controls matrices to assure the proper internal controls are in place.
For Gap Analysis Tools (excel) and Written Procedure Templates (word), see http://finance.umich.edu/controls/tools