University of California, Riverside

LRSS



Ledger Reconciliation & Storage System


Ledger Reconciliation & Storage System

Introduction & Background

UCR's Ledger Reconciliation and Storage System (LRSS) is a tool that electronically records and demonstrates that campus departments and units have appropriately reconciled financial ledgers. The LRSS also facilitates the reconciliation process by permitting departments and units to store reconciled ledgers electronically on secure campus servers.

The Ledger Reconciliation and Storage System was developed in response to SAS 112 auditing requirements (please see below). The LRSS requires two electronic certifications: the first is provided by a Reconciler, certifying that the ledger has been reconciled; the second is provided by a Certifier, confirming the reconciliation has been appropriately completed.

SAS 112 - Statement of Auditing Standards

The Statement of Auditing Standards (SAS 112 ) provides guidance (and establishes standards) to auditors relating to communicating findings concerning internal controls and their impact on financial reporting.

SAS 112 requires UCR to identify key internal controls and then consistently document that these controls are operational. SAS 112 applies to UCR financial statements (ledgers) beginning with the 2007 fiscal year. In FY2007, the several departmental controls were identified to assist campus users in meeting our financial reporting needs; please refer to the following document for additional information:

SAS 112 Departmental Controls

More Information 

General Campus Information

University of California, Riverside
900 University Ave.
Riverside, CA 92521
Tel: (951) 827-1012

C&C Information

Computing & Communications
Computing & Communications Bldg.

Tel: (951) 827-4740
Fax: (951) 827-4541
E-mail: helpdesk@ucr.edu

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