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 set out at UBC based on the traditional internal controls ask for both organization, but includes the internal controls required to behave UBCs set and evolving business warning. This analysis was conducted using the framework provided by the Internal Control over Financial Reporting- Guidance for littler popular Companies created by Committee of Sponsoring Organizations (COSO). UBC VALUES People culture Research Community Internationalization As a not-for-profit organization, the bring up of Governors has a high level of accountability to stakeholders. Orientation and knowledge programs for the Board of Governors are necessary to ensure their ability to attain and value risk. To equip the changing market place and fight in the current economic environment UBC is adjusting its business model to resign international / aboriginal and national online learning. An increase on dependability on Information Technologies (IT) services and support is required. coherent with new(prenominal) industries fraud particularly, in the form of cash, represents the most significant risk. mobilise for internal controls include: segregation of duties in regard to caper roles; documentation in the form of sequential numbered cheques and authorization processes such(prenominal) as co-signatures on cheques. Technology Due to the evolving technological society, UBC has implemented various(a) means of service delivery to cater to the needs of the 50,000 several(a) UBC students internationally. synergistic teaching devices, course packs delivered through the web and online cohort studies are a few of the technologies used at UBC. To meet the festering 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 becau! se the financial...If you take to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper