1. Risk Assessments
Risk is defined as the "possibility of an event occurring that will have an impact on the achievement of objectives." Departments within the University are exposed to a wide variety of risks daily. The impact of these risks could affect a department's finances, operations, sponsored funding, or reputation. To effectively manage these risks, it is necessary for management to implement a process to identify, assess, prioritize, and manage them. The following is a tool to facilitate the risk assessment process:
The Risk Assessment Template contains guidance and samples to help you create your own risk assessment.
This tool is easily adaptable to an individual department, process or project. For questions regarding the use of this tool or for a presentation on the use of this tool, please contact Deb Dahlke at 472-6285 or firstname.lastname@example.org.
2. Business Process Assessment Checklist
In the University's new era of accountability, each department or business unit administrator should periodically assess the internal control and fraud susceptibility environment of their area of responsibility. A self assessment checklist is linked below that can be used to guide the assessment process. It is in Adobe Acrobat .pdf format.
Keep in mind that this is not a complete list of everything to be considered, but rather a guide to the more common internal controls and fraud potential considerations. Department and business unit administrators should use it as a starting point to assess their areas, not as a total assessment.
We encourage you to print and complete a copy of the checklist. This will provide you with a baseline assessment of the internal control structure in your area of responsibility.
3. Better Business Practices
Anticipated to be published soon.