FSC Question # 15

Does the college/unit have processes in place to ensure effective custody over non-cash assets, including maintenance of accurate equipment inventory records, measures to prevent loss/theft of items, and compliance with University surplus/disposal policies?

Related Policies

Related Training and Resources

Control Documents

  • Documentation of biennial inventory of capital assets
  • Capital assets title transfer approval forms
  • Regular inventory counts
  • Inventory reconciliations
  • Surplus Request form
  • Established process and assignments of responsibility for security/access of work areas