General Ledger Verification (300-46)
This policy governs reconciliation, verification, and substantiation of General Ledger transactions which are essential for an effective internal control environment to ensure:
- The information transmitted to, contained in, and reported from the University's financial systems is accurate, complete and recorded in a timely manner
- The information can be relied upon for making financial and administrative decisions
- Fraud, theft, compliance violations and other irregularities are quickly detected and reported to the appropriate authorities
This policy has not yet been updated to reflect use of the General Ledger (GL) Verification Online Tool. The GL Verification Tool will be available on May 10, 2018 for April 2018 data.