Internal Control Rating
Significance ____
Bursar Office
| Criticality | Legend | ||
|---|---|---|---|
| Criteria Issues | Satisfactory Not likely to impact operations. | Needs Improvement Impact on operations likely contained. | Inadequate Impact on operations likely widespread or compounding. |
| Controls | Effective. | Opportunity exists to improve effectiveness. | Do not exist or are not reliable. |
| Policy Compliance | Non-compliance issues are minor. | Non-compliance issues may be systemic. | Non-compliance issues are pervasive, significant, or have severe consequences. |
| Image | No, or low, level of risk. | Potential for damage. | Severe risk of damage. |
| Corrective Action | May be necessary. | Prompt. | Immediate. |
Finance and Business Affairs Bursar Office Review January 2016
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