University of Wisconsin-Madison

SELF-ASSESSMENT TOOLS

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These Self-Assessment tools are to aid departments in evaluating their existing internal controls. These questionnaires are not all-inclusive, but an abbreviated version of standard audit surveys, designed to identify basic control issues. They can serve as a guide for improving or implementing good business practices, complying with University policies, and limiting the potential for losses.

Topics:

• UW Purchasing Card - Purchasing card power and ease still requires sound controls.

• Receipts Handling - Good internal controls ensure accountability.

• Internal Transfers, Billing, A/R - Controlled accounts receivable practices minimize losses.

• Calculating Rates - Calculating recharge rates properly can ensure financial integrity of your operation(s).

• Payroll Processing - Sound payroll processing practices can go a long way (timesheets, rounding, separation of duties, I-9's, etc.).

• UW Authorized Checking Accounts - Balancing to your "Authorized Amount" regularly can easily identify checking account oversights.

• Information Systems Security - Providing security for your departmental system(s) minimizes the risk of disruption.

• Non-Travel Cash Advances - Separation of duties and monthly reconciliations are the keys to good internal controls.

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