Research Costing Compliance financial compliance oversight and training through the following mechanisms:
Approach to Compliance Management (MIR)
Monitor: Assessment of Current Status through data collection and analysis, targeted identification of institutional and business operations risk, collaboration with Management Centers and central research offices to effect remediation and correction;
Integrate: RCC strives to integrate monitoring with measures that mitigate risk to Duke University. RCC therefore coordinates basic data monitoring with:
- Education and Training
- Communication
- Policy and Procedure review
- Review/Enhancement of System/Internal Controls
Remediate: Achieved through:
- Regularly scheduled meetings with Management Centers
- Enhanced reporting in response to Management Centers and RCC identified needs
- Collaborative work with University IT groups to achieve technology solutions
- Comprehensive training and updates for grant managers, business managers, faculty and all others engaged in management of sponsored activities
- Direct intervention in departments (answering departments’ requests for training and clarifications)
RCC Monitoring provides both targeted input and assistance in remediation of risk issues.
- Monitors for compliance within the regulatory framework established for the University and its components.
- With OSP, proposes policies and procedures to senior administration (Management Centers for example) to comply with sponsored projects regulations.
- Shares responsibility with OSP for formulation, implementation, and interpretation of policies regarding allowable costs.
- Shares responsibility with OSP for training post award administrators regarding allowable costs.
- Works with OSP to resolve instances of discovered financial non-compliance. All instances of possible fraud must be reported to Internal Audit regardless of the value involved. Internal Audit provides a reporting hotline.