Controls Policy, approved and signed by President Tripathi, is
available in the University
The University at Buffalo (UB, university) is committed to a
strong system of internal controls focused on accountability and
oversight of operations to reasonably assure that the
- meets its mission
- promotes performance leading to effective accomplishment of
objectives and goals
- safeguards assets
- provides accurate and reliable financial and other key
- promotes operational efficiency and economy
- encourages adherence to applicable laws, regulations, policies,
An effective system of internal controls is supported by best
practices including, but not limited to:
- Segregation of Duties – To prevent the occurrence
of undetected errors or fraud, responsibilities must be divided so
that one individual does not control all aspects of a
- Safeguarding Assets – Assets and records must be
kept secure at all times to prevent unauthorized access, loss or
damage. The security of assets and records is essential for
- Safeguarding Confidential Information – Ensure the
security and confidentiality of personal and private information,
protect against any anticipated threats to its security or
integrity, and guard against unauthorized access and use.
- Review and Approval – Review and approval of
internal processes should be obtained from a knowledgeable and
- Timeliness – Make all efforts to meet prescribed
deadlines and prioritize critical work to avoid fines and negative
impacts on operational processes.
- Documentation – Provide evidence for transactions
to support accuracy and consistency.
This policy applies to all university entities.
Questions can be directed to Business Compliance and Internal
Controls at 716-645-1786 or Carrie Woodrow.