Internal Controls Internal Controls Anderson Hall - Administration Table of Contents Introduction Responsibility Elements of Internal Control Components of the Internal Control Activity Internal Control Limitations Questions Introduction Internal Controls are to be an integral part of any organization's financial and business policies and procedures.
Internal controls are simply good business practices.
Responsibility Everyone within the University has some role in internal controls. The roles vary depending upon the level of responsibility and the nature of involvement by the individual. The Kansas Board of Regents, President and senior executives establish the presence of integrity, ethics, competence and a positive control environment. The directors and department heads have oversight responsibility for internal controls within their units. Managers and supervisory personnel are responsible for executing control policies and procedures at the detail level within their specific unit.