Ubc - Recommended Financial Controls

Recommended ingrained Controls over Financial Reporting: At the University of British Columbia (UBC) Introduction This paper not only addresses the risks impart at UBC based on the traditional internal controls essential for both organization, but includes the internal controls required to behave UBCs brand and evolving business deterrent example. This analysis was conducted using the framework provided by the Internal Control over Financial Reporting- Guidance for small popular Companies created by Committee of Sponsoring Organizations (COSO). UBC VALUES People schooling Research Community Internationalization As a not-for-profit organization, the prelude of Governors has a high level of accountability to stakeholders. Orientation and pedagogy programs for the Board of Governors ar necessary to ensure their ability to determine and value risk. To equip the changing market place and deal in the current economic environment UBC is adjusting it s business model to resign international / aboriginal and national online learning. An increase on dependability on Information Technologies (IT) services and support is required. agreeable with new(prenominal) industries fraud particularly, in the form of cash, represents the most significant risk.

vocal for internal controls include: segregation of duties in regard to tomboy roles; documentation in the form of sequential numbered cheques and authorization processes such as co-signatures on cheques. Technology Due to the evolving technological society, UBC has implement various(a) means of servic e delivery to cater to the needs of the 50,0! 00 several(a) UBC students internationally. synergetic teaching devices, course packs delivered through the web and online cohort studies are a few of the technologies used at UBC. To meet the ripening demand, UBC must ensure there is a true set of controls in place to meet their vision and support the on line community. Risks to UBCs IT must be rationalize because the financial...If you sine qua non to get a full essay, order it on our website: OrderCustomPaper.com

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