Management CARES
Management within each college, department or division is responsible for establishing and maintaining effective business practices and internal controls. It is vital that the RIT Community "CARES" by establishing and maintaining good internal controls that ensure:
- Compliance with regulations and policies
- Accomplishment of goals and objectives
- Reliability of information used for decision making
- Efficient and economical use of resources
- Safeguarding of assets
IACA Assists Management by:
- Reviewing the reliability and integrity of financial and operating information, reports, and systems;
- Determining whether operational results are consistent with established objectives and standards;
- Reviewing the means for adequately safeguarding and verifying the existence of assets;
- Reviewing the systems established to ensure compliance with policies, plans, procedures, laws, and regulations, and
- Working in a consultative role to improve and/or benchmark processes and controls.
