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Quality Assurance Reviews (QARs)

Quality Assurance Reviews (QARs). Updated Interim Process. Why is a QAR important to us?. High Risk Monitoring Required for assurance of sub-certifications Reliability of financial statements Monetary loss. The Effect of PeopleSoft on QARs.

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Quality Assurance Reviews (QARs)

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  1. Quality Assurance Reviews (QARs) Updated Interim Process

  2. Why is a QAR important to us? • High Risk Monitoring • Required for assurance of sub-certifications • Reliability of financial statements • Monetary loss

  3. The Effect of PeopleSoft on QARs • All Account Administrators will be reviewed in two years • Smaller Scope • Emphasizing Consultation

  4. What is reviewed in a QAR? • Review of Accounts • Segregation of duties • Purchasing (Procard/Travel Card Administration (PTCA) • Cash handling (Suspending) • Capital assets management (Suspending) • Gifts (Suspending) • Information Security (Suspending)

  5. Results of a QARs • On-site real time results provided • Email notification sent to Account Administrator, Staff involved and Manager (if necessary) • Monthly Status Update provided to VPBA & Associate VP, Financial Affairs • For Significant issues, a follow-up may occur

  6. We are here to help. Questions? Sarah Remmert, Compliance Assurance Specialist 458-4989 James Weaver, Director458-4992

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