To set out the requirements regarding the establishment and maintenance of an equity management system.
It is the responsibility of the Director, Financial and Business Services to establish and maintain equity management systems (FMPM 510-599) which efficiently, effectively and economically manage all equity, including surpluses.
The equity management system, including adequate internal controls, must provide for identifying, measuring, managing, and recording equity including surpluses.
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Deputy Vice Chancellor, Services and Resources
Date for next review
Policy Sponsor and Approval Authority updated to reflect the approved Policy and Delegations Framework
Quality Standards and Policy Unit
Finance Committee (06/11)
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