Internal Control in Higher Education

This presentation provides an overview of internal control as described in the frameworks, “Standards for Internal Control in the Federal Government” (also known as the green book) and the ‘‘Internal Control Integrated Framework’’ issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The five components (control environment, risk assessment, control activities, information and communication and monitoring) and 17 principles of internal control are introduced.

Departmental Revenue Collection Procedures Model

This document can be used by departments as a guide for the development or enhancement of their revenue collection procedures and should be tailored to each department’s specific situation. Developing and following good procedures for revenue collection is important to protect the university’s assets but also to protect staff collecting revenue in the event that significant shortages or reductions in annual revenue occur.