DATE: March 6, 2023
TO: Binghamton University Community
FROM: Harvey Stenger, President
SUBJECT: A Reminder of Binghamton University's Commitment to Effective Business Practices
All of us share a responsibility to make our working environment safe and effective.
Most of us are familiar with the goal of optimizing the University's assets, such as money and equipment, and know that these safeguards/controls are important. Other controls that may not be as obvious, but which are critical to Binghamton's success, include ensuring that authorized people approve transactions, maintain records of important events, comply with laws and policies and pursue best practices in each of our areas of responsibility.
It is essential that supervisors in each department understand the unique risks that may threaten operational success in their units and ensure that controls are in place to minimize these risks. All of us, as state and Binghamton University employees, are responsible for adhering to the applicable controls and standards.
Understanding the need for and value of internal controls is a responsibility of all managers and employees. To this end, listed below is our local website URL for Internal Control:
https://www.binghamton.edu/offices/internal-control/
This website provides context and is intended to give you a better understanding of the specifics of the program and how it is designed to help us achieve our University mission. I urge you to visit the website and to share this letter with your staff.
If you have any questions concerning this memo, the website or the internal control program itself, contact our internal control officer, Eric Backlund, or coordinator, Tracey Debnar.
Thank you for your help on this important issue.
