Guidelines for Financial Review and Control

November, 2000

Cover letter

1. Introduction and Background

- What is the Internal Control Environment?
- What is Financial Review and Control?
- Relationship between Controls and Risk

2. New Approach to Monthly Review

- Who performs review?
- When should review take place?
- Monthly review basics
- What documents to retain
- Monthly review signoff Form
- Reporting significant problems and issues
- Responsibility for the review

3. Specific Guidelines by Transaction Type

1. SAP Purchasing Transactions
2. VIP Credit Card Purchases
3. Requests for Payment
   
4. Internal Providers
   
5. Payroll
   
6. Travel
   
7. Journal Vouchers
   
8. Telecommunications
   
9. Calculated Charges
   
10. Sponsored Billings, Gifts, Fees, and Other Cash Receipts

- Quick Guide to Monthly Review Procedures

4. Using Electronic Tools for Financial Review and Control

- How to Decide Which Tool to Use?
- More on the Brio Query Templates Available

5. Other Financial Review & Control Processes for the Administrative or Fiscal Officer

Glossary

Appendix A. Internal Control Structure
Appendix B. Internal Control Questionnaire
Appendix C. Sample Monthly Review Signoff Forms (paper form; BrioQuery template, look for Signoff Form)
Appendix D. Self Study Exercises