OAR 416-250-0080
Internal Controls
(1)
The provider identifies, assembles, classifies, records, analyzes, and reports its transactions in conformity with Generally Accepted Accounting Principles or appropriate regulatory requirements for preparing financial statements and other required financial reports;(2)
Losses or misappropriations of assets due to errors or irregularities in processing transactions and handling the related assets are prevented or detected;(3)
Noncompliance with applicable federal and state laws and rules and regulations and terms of the contract is prevented or detected;(4)
State and federal funds are reasonably, prudently and economically spent; and(5)
All costs are appropriately allocated among programs, departments, and other benefiting units.
Source:
Rule 416-250-0080 — Internal Controls, https://secure.sos.state.or.us/oard/view.action?ruleNumber=416-250-0080
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