Internal controls help keep an organization on course to achieve goals, carry out management directives, reduce surprises, increase reliability of information, promote effectiveness and efficiency, safeguard assets, and comply with rules and regulations. Internal control responsibilities are dispersed throughout many levels of management and across many different units. Yale’s control framework consists of written policies and procedures, separation of duties, built-in system controls, monitoring processes, the institutional Quality Assurance process, regular internal audits of units and business processes, as well as the control environment established by management.
Internal Audit, the Controller’s Office, Grants and Contract Administration, and Risk Management are available to provide advice and expertise. Managers are encouraged to consult with these offices when evaluating internal controls for their unit.
Internal Control Assurance Framework
The Internal Control Assurance Framework is a collective toolkit that is used to help ensure delegated internal control responsibilities are implemented and maintained throughout the University. To learn more about which policy, procedures and written guides are impacted by this initiative and to access the full Internal Control Assurance Framework proposal, please see below.