Principles of Financial Stewardship: Difference between revisions

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[[Compliance Program]] | [[Compliance Hotline]] | [[Investigations by Third Parties]] | [[Research Integrity]] | [[Export Control]] | [[Code of Conduct]] | [[Use of Human Anatomical Material]] | [[Clinical Trial Fee Billing Procedures]] | [[Contracts]] | [[Conflict of Interest]] | [[Red Flag Identity Theft Prevention Program]] | [[Principles of Financial Stewardship]] | [[Human Tissue Use & Transfer]] | [[International Research Policy]] | [[Health Care Vendor Interactions]] | [[Internal Audit]]
[[Compliance Program]] | [[Compliance Hotline]] | [[Investigations by Third Parties]] | [[Research Integrity]] | [[Export Control]] | [[Code of Conduct]] | [[Use of Human Anatomical Material]] | [[Clinical Trial Fee Billing Procedures]] | [[Contracts]] | [[Conflict of Interest]] | [[Red Flag Identity Theft Prevention Program]] | [[Principles of Financial Stewardship]] | [[Human Tissue Use and Transfer]] | [[International Research Policy]] | [[Health Care Vendor Interactions]] | [[Internal Audit]]
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Policy No.: '''8012'''<br />
Policy No.: '''8012'''<br />
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<big>'''Principles of Financial Stewardship'''</big>
<big>'''Principles of Financial Stewardship'''</big>
== Preamble ==
== Preamble ==
It is the intent of UNMC to promote honest and ethical conduct of all employees having responsibility over and/or access to financial assets, and to foster a culture of honesty, integrity, stewardship and financial accountability across the entire campus community. Employees, including faculty and staff, with specific responsibilities for financial management are held to a higher standard in ensuring financial integrity. Accurate and reliable preparation of financial records is of critical importance in effective decision-making and in the fulfillment of UNMC’s financial, legal and reporting obligations. Diligence in accurately preparing and maintaining financial records allows UNMC to provide full, fair, accurate, timely and understandable disclosure.<br /><br />  
It is the intent of UNMC to promote honest and ethical conduct of all employees having responsibility over and/or access to financial assets, and to foster a culture of honesty, integrity, stewardship and financial accountability across the entire campus community. Employees, including faculty and staff, with specific responsibilities for financial management are held to a higher standard in ensuring financial integrity. Accurate and reliable preparation of financial records is of critical importance in effective decision-making and in the fulfillment of UNMC’s financial, legal and reporting obligations. Diligence in accurately preparing and maintaining financial records allows UNMC to provide full, fair, accurate, timely and understandable disclosure.<br />


Honest and ethical conduct is expected in all aspects of UNMC work from every employee, especially those employees who have been entrusted with handling UNMC’s financial affairs. These guidelines are applicable to all UNMC employees. <br /><br />
Honest and ethical conduct is expected in all aspects of UNMC work from every employee, especially those employees who have been entrusted with handling UNMC’s financial affairs. These guidelines are applicable to all UNMC employees. <br />


The following principles, although not an exhaustive list, establish a minimum standard of accountability for all UNMC employees for compliance with applicable law, ethical business standards and generally accepted accounting principles.<br /><br />
The following principles, although not an exhaustive list, establish a minimum standard of accountability for all UNMC employees for compliance with applicable law, ethical business standards and generally accepted accounting principles.<br />


Leaders of UNMC’s major operating units must accept responsibility for the integrity and oversight of financial systems and communicate the importance of financial integrity to all employees. Leaders must provide education and training, systems development, enforcement and support. Operating personnel have stewardship responsibility for safeguarding University assets under their purview.  Employees with responsibility for managing or updating financial systems must maintain the integrity of the financial transactions contained in those systems.
Leaders of UNMC’s major operating units must accept responsibility for the integrity and oversight of financial systems and communicate the importance of financial integrity to all employees. Leaders must provide education and training, systems development, enforcement and support. Operating personnel have stewardship responsibility for safeguarding University assets under their purview.  Employees with responsibility for managing or updating financial systems must maintain the integrity of the financial transactions contained in those systems.