Description of Internal Operating Procedures. The School shall develop and implement sufficient internal operating procedures as described in the approved Application to ensure sound financial management. Pursuant to s. 1002.33(9)(j), F.S., the School shall establish and maintain internal controls designed to: 1. Prevent and detect fraud, waste, and abuse defined in s. 11.45(1), F.S.; 2. Promote and encourage compliance with applicable laws, rules, contracts, grant agreements, and best practices; 3. Support economical and efficient operations; 4. Ensure reliability of financial records and reports; and 5. Safeguard assets.
Appears in 2 contracts
Sources: Charter Contract, Charter Contract