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Welcome to the Risk Management & Audit Services Web Site |
 Our Mission
To assist University management and governing boards in identifying, managing and mitigating risk and ensuring risk management processes are integrated into the University’s business practices andacademic and research activities.
Message from the Director
Welcome to the Risk Management & Audit Services (RMAS) Web site. Our Web site is designed to give the Harvard Univeristy community a better sense of who we are, what we do, as well as tools and best practices that we offer. As our name indicates, we focus on risk. Our objective is to improve the effectiveness of risk management and control processes at the University. We consider risk broadly and include within our scope all activity posing financial, operational, technological, regulatory and reputational risk to the University.
WIth our audit and insurance services we partner with management in evaluating risk mitigation practices, safeguarding of assets, compliance with laws, regulations and policies and reliable information. We serve the University by upholding the highest professional standards, recruiting and training professional staff and communicating best practices in internal controls.
We hope that the information provided on this site provides useful information and tools. If you have any questions, please feel free to contact us directly or use our "Ask a Question" feature.
Gail McDermott
Director of Risk Management and Audit Services
Provides objective and professional evaluations of the University's systems of internal control through financial, operational and compliance audits.
Performs specific audits of computer applications and of information technology infrastructure.
Responsible for and administers the insurance and self-insurance plans of the University, separately incorporated entities and various affiliates.
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What's New?
Compliance Hotline
The University Compliance Hotline features were recently enhanced. When an employee makes a report, the call will be answered by a third-party servicer that will allow employees to remain anonymous. In addition, employees are now able to make a report anonymously via the web. Once a report is made, the details will be forwarded to Harvard University senior management to resolve. To make a report please call 1-877-694-2ASK or report via the web.
Construction Policy
The Construction Policy requires that capital projects with spending in excess of $5 million undergo an independent construction cost review under the Direction of RMAS. It is also suggested that projects under $5 million receive a review if there are other relevant risk factors. The reviews aids in ensuring that invoices are in accordance with contract documents, in the recovery of identified overcharges and avoiding future overcharges.
Ethics, Accountability & Internal Controls
RMAS contines to offer this full-day training event that focuses on fiduciary responsibility and internal controls. The course is offered through the Center for Workpace Development (Harvard PIN required).
Fraud and the Workplace
RMAS developed a two-hour workshop that will be available to the Harvard community in FY09. The workshop will focus on the impact of fraud, the characteristics of fraudsters and the potential indicators of fraud. We will also advise on the steps to take if you suspect fraud and allow the participants to engage in a case study. The workshop will be available through the Center for Workplace Development. |
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