600.106 INTERNAL CONTROL POLICY
Wenatchee Valley College will develop and maintain systems of internal control in accordance with state law. The purpose of internal control systems and procedures is to provide reasonable assurance that organizational objectives are met, including effective and efficient operations, reliable financial reporting, and compliance with all applicable federal and state laws and regulations.
Internal control procedures will be designed to detect errors, ensure completeness, ensure scope of authority is not exceeded, and ensure accurate information is available to decision makers in a timely manner.
Approved by the president’s cabinet: 8/16/16
Adopted by the board of trustees: 9/21/16
Last reviewed: __/__/__
Policy contact: Administrative Services
Related policies and procedures
500.500 Security of College Resources Policy
1600.107 Capital Assets and Inventory Control Procedure
1600.115 Travel Policy
1600.301 Purchasing Card Use Procedure
1600.670 Payroll Disbursement Procedure
1600.680 Time and Effort Reporting Procedure