{"id":6246,"date":"2018-01-15T10:00:58","date_gmt":"2018-01-15T15:00:58","guid":{"rendered":"http:\/\/www.bu.edu\/cfo\/?page_id=6246"},"modified":"2022-07-26T16:34:01","modified_gmt":"2022-07-26T20:34:01","slug":"after-the-fact-review","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/cfo\/controller\/resources\/after-the-fact-review\/","title":{"rendered":"After-the-Fact Review Guidelines"},"content":{"rendered":"

\"Kenmore<\/a><\/p>\n

After-the-Fact Review of Financial Transactions<\/span><\/h3>\n

The review of posted financial transactions to the University\u2019s general ledger by departmental financial and research administrators is a critical part of the University\u2019s internal control process and the commitment of the University\u2019s financial administrators to a high quality process is much appreciated.<\/p>\n

A focus group of departmental and Financial Affairs administrators has been working to develop guidelines and templates, to provide guidance and support.\u00a0\u00a0 The guidelines and new templates for collecting and analyzing transactions posted in BUworks were released to pilot users this fall; feedback from pilot users has been incorporated, and these materials are now being made available for general use.<\/p>\n

Use of these new templates is not required; the details of the review process in each department will vary, based on the nature of the department\u2019s financial activity and the department\u2019s own risk assessment and processes.<\/p>\n

Further, the guidelines are not meant to replace existing additional requirements set by each School, College, and Department.<\/p>\n

Whatever the details of the process, these are the key required elements:<\/p>\n