Internal Controls

We support Lane Community College's Vision, Mission, Values and Strategic Directions by:

  • Providing objective evaluations of financial policies and procedures,
  • Developing process recommendations for improving internal financial controls, and
  • Conducting regular financial monitoring activities to analyze the efficiency and effectiveness of financial operating practices and procedures.

What are Internal Controls - generally thought of in terms of five elements: Communication, Risk-Analysis, Control Environment, Implementation and Monitoring of controls, they work together to serve students, staff and other stakeholders by establishing process guidelines which enhance the opportunity for honest and accurate financial transactions.

Internal Control Studies are both the process and the result of discovery reviews, during which financial processes are compared to best practices. Internal Controls Accounting makes recommendations to Management that mitigate risk, enhance process efficiency and satisfaction. These pages post the Executive Summary of each Study, showing the controls recommendations and Management's response to each.

Read What to Expect to learn about our Study processes, and how you may one day be involved with the improvement of Internal Controls in your department.

What's New will have the latest releases of our business process instructions. We'll throw in the occasional funny story about internal controls gone awry, and let you know when an Internal Control Sentinel's efforts get recognized.

Financial Process Documents routes through a secure link to how-to pages for a variety of financial processes in ExpressLane and Native Banner.

Visit Resources for Hierarchy Reports and a variety of useful information such as how to deal with identity theft.

Find links to several of Lane's Board of Education and COPPS Ethics policies, and a form to submit information to Internal Controls, anonymously if you prefer.

Please feel free to Contact Us with any Internal Controls questions or comments. We'd appreciate suggestions for areas that might benefit from financial process controls design or implementation assistance. Sentinels can soon complete our IC questionnaire and exercise the option of guaranteed anonymity.