Financial Controls - Financial and P-Card Reviews

One of the goals of the Financial Services department is to ensure that ASU is operating within an effective framework of internal controls. The objectives of this framework are:

1. Effective and efficient operations
2. Reliability of financial reporting
3. Compliance with applicable policies, laws and regulations

The Financial Controls division within Financial Services performs some regular reviews of financial transactions, as well as data mining/analysis with respect to many financial activities of the university. There is continuous monitoring and reporting on various types of transactions, as required to meet the objectives listed above. This includes “global” level monitoring of accounts by type and balance, comparisons between systems, and regulatory reporting reviews. There are also periodic reviews of P-Card transactions that may cut across all four campuses, be limited to certain departments, or focus on specific vendors or merchant category codes.

Please remember that you are obligated to report any suspected financial misdeeds to the appropriate level of management. This can be done by contacting your supervisor or the head of your department/VP area, contacting Financial Controls, contacting University Audit and Advisory Services, or by contacting the ASU Safety and Compliance Hotline . If so desired, the call to the Hotline can remain anonymous.

If you have any possible financial data mining/analysis needs or questions relating to financial transactions or P-Card reviews performed by Financial Services, please contact Financial Controls at 480.965.2343 or email us at: financialcontrols@asu.edu