Financial Review Checklist – MEI Updates

The Financial Review Checklist (FRC) (Form 1101 FR.01) was revised as of July 1, 2020, to provide enhanced clarity around the minimum required financial review activities for each respective time interval (i.e., monthly, quarterly). More recently, changes were made to the MEI section to clarify expectations and address requirements.

Please note, the MEI section is located within Quarterly Activities and not Monthly Activities. This revision addresses the need to review for possible miscoding of equipment purchases to a spend category that is not capitalized and to address any assets pending registration.

For further questions, please contact Financial Compliance at financial.compliance@yale.edu.