Notes
Outline
Update on Review of Systemwide Cashiering Controls
University of California
Board of Regents
September 16, 1999
Scope of Review
Cashiering operations at Campuses, Medical Centers, Laboratories and Office of the President (excluding San Francisco)
35 Depository Bank Accounts
Average monthly deposit volume in excess of $400 million
Review Process
Consistent approach and process applied at each location
Identify core cashiering controls
93 specific controls as required by University policy
Includes significant control failures noted at UCSF
Apply methodology, tools
Control Self-Assessment methodology
Results validated by Management and Internal Audit
Analysis of results
Status of Review
Control reviews completed to date: (based on dollar volume)
95% of Main Cashiering volume
49% of Sub Cashiering volume
Plans in place to complete remaining control reviews by year end
Analysis of Results
Group control standards into five categories taking into consideration degree of risk:
Bank Account Reconciliation
Separation of Duties
Accountability for Cash
Physical Security
Other Secondary Controls
Results to Date: Bank Account Reconciliation
Results to Date: Bank Account Reconciliation
Results to Date: Separation of Cashier Duties
Results to Date: Separation of Cashier Duties
Results to Date: Separation of Cashier Duties
Results to Date: Separation of Cashier Duties
Results to Date: Accountability for Cash
Results to Date: Accountability for Cash
Results to Date: Accountability for Cash
Results to Date: Accountability for Cash
Results to Date: Physical Security
Results to Date: Physical Security
Results to Date: Physical Security
Results to Date: Physical Security
Results to Date: Other Secondary Controls
Results to Date: Other Secondary Controls
Results to Date: Other Secondary Controls
Results to Date: Other Secondary Controls
Results to Date:
 All University Cashiering Policies
Next Steps
Complete cashiering controls review
Complete implementation of control improvements
System wide policy issues
Local control improvements