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As MIT expands its global reach through international engagements with universities, industries, organizations, and communities, VPF stands ready to provide finance-related guidance and expertise every step of the way. Here you will find how VPF can support your international projects. For additional guidance, visit the MIT Global Support Resources website.

What Are Internal Controls? Internal Controls are processes designed by management to provide reasonable assurance that the Institute will achieve its objectives. They are tools used by all managers, from the Support Staff level to the President of the Institute, every day to help assure that their Department, Laboratory, or Center (DLC) is operating according to plan. Internal Controls may…

Introduction This Internal Control Questionnaire (ICQ) is designed to assist Institute DLCs in performing a self review of controls over financial systems and activities. While not intended to assess every activity performed by a DLC, the ICQ is intended to focus on core activities including financial management, cash receipts, purchasing and accounts payable, travel, payroll and personnel, computer operations, gifts…