Internal Controls Training*
All RIT employees need to be aware of the business risks in their area of responsibility.
To help mitigate those business risks, each college, department, and division is responsible for establishing and maintaining effective business practices and internal controls. It is vital that the RIT community establishes and maintains good internal controls.
Internal Control is a process, affected by people, designed to provide reasonable assurance regarding the achievement of objectives in the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with laws and regulations.
You may have heard about the Federal Sarbanes-Oxley Act of 2002 ("SOX") that became law in response to the corporate mismanagement of large for-profit corporations such as Enron, WorldCom and Adelphia. It is clear that the public wants greater assurance that organizations are managing themselves responsibly.
While SOX is not applicable to not-for-profit organizations such as RIT, the University decided that commitment to organizational accountability is a value we already have, and that it is reasonable to similarly evidence our fiscal responsibility.
This course will discuss the importance of, components of, and the responsibility for establishing and maintaining internal controls. Various examples of what can happen when controls are non-existent or broken will be shared throughout the session.
Who should attend?
Any RIT employee with an interest in learning about internal controls.
This course is open to all employees, however, all officers and managers are required to attend.
* Completion of this course is required to obtain your Accounting Series Certificate of Completion.
Participant Comments
“This session brought to light ethics in the work environment on an everyday basis”
“Great class, very informative!”
“Very worthwhile use of my time”
“This session reinforces the need to continually look at my area’s controls”
Session Information:
Date: October 1, 2009
Time: 9 - 11 a.m.
Location: CIMS 2140
Date: January 12, 2010
Time: 9 - 11 a.m.
Location: CIMS 2140
Date: April 27, 2010
Time: 9 - 11 a.m.
Location: CIMS 2140
Date: July 27, 2010
Time: 9 - 11 a.m.
Location: CIMS 2140
If you require interpreting services, please contact cpdcoop@rit.edu as soon as possible.
Facilitator Information
Facilitated & supported by RIT's Institute Audit, Compliance & Advisement department.
