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Academic Calendars

Internal Control Program

Internal Control Program

Objectives
SUNYIT's Internal Control Program is based upon existing internal controls which are a part of our everyday operations. SUNYIT's Internal Control Program provides us with a formal mechanism to help identify existing controls and evaluate their effectiveness.

There are five specific objectives to SUNYIT’s Internal Control Program.
CARES stands for these objectives as described below:

Compliance with applicable laws and policies
Accomplishment of the campus' mission
Relevant and reliable data
Economical and efficient use of resources
Safeguard assets

Program Guidelines
The following are the guidelines for SUNYIT's Internal Control Program:

  1. The College's Internal Control Program establishes processes for the identification of weaknesses, areas needing improvement, corresponding corrective action plans and status reporting of those corrective action plans.
  2. The College will regularly communicate the importance of internal controls to employees and encourage employee participation in the identification of internal control weaknesses and development of corrective actions.
  3. The College's Internal Control Officer will establish a schedule for risk assessments, internal control reviews and other internal control activities.
  4. Each dean or director will take an active role in internal control activities for their areas and functions of responsibility.
  5. The deans and directors will periodically conduct risk self assessments of their organization and functions.
  6. Internal control activities will be based on assessments of each area or function, including the identification of inherent risks and needed internal controls for each function.
  7. Each vice president is responsible for the internal control activity, corrective action development, documentation and status reporting in their respective division.