An upcoming audit can naturally bring up many questions such as: Why was my group selected? How should I prepare for an audit? How do audits work? Our new Audit Division website strives to answer these questions and take the myth out of who we are, what we do and what we don’t do.
As the end of June approaches, the Office of Records and the Office of the Recording Secretary are planning for the close of the fiscal year. When communicating with donors or receiving gifts, please keep in mind the following deadlines.
The Office of the Vice President for Finance (VPF) has published a new policy to provide guidance to DLCs with respect to the retention of financial documentation. The new policy, which can be found in Buying and Paying Policies, Section 8.00, includes guidance on storing records electronically, even when the original is paper, and standardizes retention guidelines across all financial document types.