What are some internal controls that should be in place in all departments, regardless of size or function?
• Budget statements should be reviewed each month by an appropriate individual within the department to ensure that all charges hitting the budget statement are accurate. The department should maintain copies of source documentation (for example, purchase requisitions) for transactions appearing on the budget statements. • All leave taken must be supported by a leave request form approved by the employee’s supervisor or department head. All leave request forms should be on file for a minimum of 4 years.
