Internal Control Policy Statement
To: Campus Community
From: W. Hubert Keen
Date: September 8, 2014
Re: Internal Control Program – Policy Statement
The New York State Governmental Accountability, Audit and Internal Control Act, Chapter 510 of the Laws of 1999, requires that all state agencies institute a formal internal control program. The internal control program at Farmingdale is designed to ensure that the College safeguards its assets, provides accurate and timely financial data, encourages operational efficiency and economy, and promotes adherence to applicable laws, regulations, contracts and management directives.
An internal control system is the integration of the activities, plans, attitudes, policies and efforts of the people of an organization working together to provide reasonable assurance that the organization will achieve its objectives and mission.
The Employee’s Responsibility
The College’s Internal Control Program functions most effectively with the cooperation and involvement of all employees. Competence and professional integrity are essential components of a sound internal control program. Employee responsibilities include:
- Fulfilling the duties and responsibilities established in job descriptions and meeting performance standards;
- Taking reasonable steps to safeguard assets against waste, loss, unauthorized use and misappropriation;
- Reporting breakdowns in internal control to your supervisor;
- Attending internal control training programs; and
- Responding to the requirements of periodic internal control reviews in your department.
With your continuing support and diligence, I know that Farmingdale State College can be successful in maintaining an environment conducive to accomplishing the College’s mission, goals and objectives.
A description of Farmingdale State College’s Internal Control Program can be found here.If you have questions regarding Internal Control please contact the Internal Control Office at 794-6365.