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Fraudulent Financial Activities Reporting

Policy No. FI003

Policy Statement

The Fashion Institute of Technology (FIT) is committed to creating an environment where fraudulent financial activities are not tolerated. Managers and supervisors are responsible for educating employees about proper conduct, creating an environment that deters financial fraud, and maintaining internal controls that provide reasonable assurance of achieving management objectives, and detecting possible fraudulent activity. Furthermore, managers and supervisors must be cognizant of the risks and exposures inherent in their area of responsibility and be aware of symptoms of fraudulent financial activities, should they occur. This policy establishes a formal protocol for reporting any known or suspected fraudulent financial activities.

Entities Affected by this Policy

All FIT trustees and full and part-time employees, including faculty, administrators, staff and student employees

Policy Information

  • Responsible Administrator(s): General Counsel, Vice President for Finance and Administration, Vice President for Human Resource Management and Labor Relations, and Internal Auditor
  • Responsible Office(s): Finance and Fiscal Management
  • Dates: Issued November 2013
  • Contact: General Counsel, Vice President for Finance and Administration, Vice President for Human Resource Management and Labor Relations, and Internal Auditor

View Official Policy

FI003, Fraudulent Financial Activities Reporting (.pdf)

This PDF document is the official version of this policy. 

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