Internal controls are designed to provide a reasonable assurance that goals and objectives for the University and administrative areas will be met. Here are just a few examples of internal controls:
The administrative processes within Monmouth University rely on internal controls to remain in compliance with internal and external requirements. Without adequate internal controls, functions within Monmouth University would be non-compliant, inefficient, too costly to operate, and ultimately fail. Adequate controls to mitigate risks need to exist in everyday business procedures.