institution exercises appropriate control over all its financial
and physical resources.
___ Did not review
Insufficient information and documentation provided.
Handbook for Reaffirmation of Accreditation lists “documents
containing policies relative to control” as supporting
documentation for compliance with this standard. The
university’s general policies regarding fiscal control are set
out in Chapter 7 of the Board of Regents Rules, cited in our
original report. In addition, specific financial management
policies are contained in Section 62 (Financial and Accounting)
of the university’s Operating Policy Manual (http://www.depts.ttu.edu/opmanual/New.contents.links/62financial_and_accounting.htm)
. The management letter submitted with the report of the Texas
State Auditor, as cited in our responses to Comprehensive
Standard 3.10.1 and Core Requirement 2.11, states “. . . we did
not find any control weaknesses or errors in the financial
statements (of the university) that required modification”.