Transcript PeopleSoft QAR process (Remmert and Weaver)

Updated Interim Process
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High Risk Monitoring
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Required for assurance of sub-certifications
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Reliability of financial statements
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Monetary loss
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All Account Administrators will be
reviewed in two years
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Smaller Scope
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Emphasizing Consultation
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Review of Accounts
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Segregation of duties
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Purchasing
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(Procard/Travel Card Administration (PTCA)
Cash handling (Suspending)
Capital assets management (Suspending)
Gifts (Suspending)
Information Security (Suspending)
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On-site real time results provided
Email notification sent to Account
Administrator, Staff involved and Manager (if
necessary)
Monthly Status Update provided to VPBA &
Associate VP, Financial Affairs
For Significant issues, a follow-up may occur
Questions?
Sarah Remmert, Compliance Assurance Specialist
458-4989
James Weaver, Director
458-4992