marinesilikon.blogg.se - Data integrity

If insufficient personnel within the unit requires that one person perform all of these functions, the unit must assign a second person to review the work for accuracy, timeliness and honesty. reconciling financial system transactions, and.authorizing transactions through preapproval or post audit review,.

recording transactions into the Financial System directly or through an interfacing system,.

Allowing no one individual complete control over all key processing functions for any financial transactions.

Establishing and Monitoring Data Integrity Controls Principle 7: All technical networks, including electronic mail, through which departmental users access University financial data must be reliable, stable and secure. In addition, all interfaces affecting any financial system must contain controls to ensure the data is synchronized and reconciled. Principle 6: All financial systems should meet the users' needs. They should be built upon sound data models and employ technology that allows data to be shared appropriately. These systems must be designed, documented, and maintained according to accepted development and implementation standards. Principle 5: All systems that affect or are used to report financial data must be secure, reliable, responsive and accessible.

be safeguarded against improper alteration.

be readily retrievable for inquiry or reporting, and.

be posted on a timely basis in the proper accounting period,.

contain sufficient detail for proper identification and classification,.

Principle 4: Each unit must ensure that all financial transactions are recorded correctly.

A mechanism must be in place to spot discrepancies and to ensure that corrective actions are taken. Principle 3: Each unit must ensure that recorded assets match actual existing assets. If they are not, all employees must take an active role in developing and implementing appropriate corrective actions. Principle 2: All employees engaged in financial management activities are responsible for ensuring that adequate data controls are being employed. Principle 1: An adequate data control system including independent checks and balances must exist within and between operating units. This system must provide reasonable assurance that transactions are in accordance with management's authorization and are recorded in the University records in an accurate and timely manner.Įach unit head shall be responsible for developing a system to ensure data integrity that adheres to the following principles and responsibilities. Consequently, each unit must establish and implement a system to ensure data integrity. Financial management decisions affect every aspect of the University, but such decisions can only be as good as the data on which they are based.