University Policy on Controls (COSO Model)

The University has adopted an internal control methodology developed by the Committee of Sponsoring Organizations (COSO) involving these five areas:

  • Control Environment
  • Risk Assessment
  • Control Practices
  • Information & Communication
  • Monitoring

The COSO model defines internal control as a process implemented by management that provides reasonable assurance that:

  • Operations are effective and efficient.
  • Financial and operational reports are reliable.
  • Compliance with applicable laws, regulations and internal policies and procedures has been achieved.

See details on this methodology in Related Information and in UCLA Policy 360.