WHO IS RESPONSIBLE FOR INTERNAL CONTROLS?
Evaluating internal controls is one of the Office of Internal Audit’s primary responsibilities. However, everyone plays a part in the internal control system. It is management’s responsibility to ensure that controls are in place. Every employee has some responsibility for making this internal control system function. Therefore, all Tech employees need to be aware of the concept and purpose of internal controls.
Internal Controls are the responsibility of all employees. Everyone in the organization has responsibility for ensuring the internal control system is effective. The Chancellor has the ultimate responsibility and is required to establish and maintain guidelines for a system of internal controls and a program of internal control review, while System Administration monitors and reports on the status of campus programs. The College has primary responsibility to take actions to implement the Internal Control Act with the greatest amount of the responsibility being placed on the department/unit managers.
