The university follows a formal process to develop, review ... reduce operating costs and improve organization. Internal controls help an organization achieve goals, carry out management directives, ...

The primary purpose of internal controls is to help safeguard an organization and further its objectives ... Internal control—a process affected by a college or university's governing board, ...

Nowadays, organizations face a multitude of risks ranging from financial fraud and cyber threats to regulatory non-compliance and operational inefficiencies. Managing these risks effectively is ...