AUDIT & ADVISORY SERVICES
Newsletter - December 2023
USC Aiken Fountain
In this issue:
  • Operational – Fraud Training Opportunity
  • IT Security – Holiday Hackers
  • Annual Disclosures for Faculty & Staff
  • USC Integrity Line - Employee Standards of Ethical Conduct
  • News Links
  • Contact Information
Operational - Fraud Training Opportunity

FRAUDFinancial Reward Acquired Under Deception

Be on the lookout for our next fraud awareness training – “Fraud: The Role You Play” – tentatively scheduled as a virtual session in late April.  The training, eligible for continuing professional education, is ideal for University business managers and other personnel in business-related roles.  Participants will learn:

  • What fraud is.
  • Who commits fraud and why.
  • The role each of us can play in the detection and prevention of fraud.
  • How to report if you suspect fraud.

If you would like more “bang for your buck,” consider bringing AAS to your department, college, or campus to present Fraud: The Role You Play.  Contact us at (803) 777-2752 or AAServcs@mailbox.sc.edu for additional details.

IT Security - Holiday Hackers

The holidays are upon us.  According to the Cybersecurity & Infrastructure Security Agency, “the holiday season is a prime time for hackers, scammers, and online thieves.  While millions will be online looking for gifts, hackers will be looking to take advantage of unsuspecting shoppers by searching for weaknesses in their devices or internet connections or attempting to extract personal and financial information through fake websites or charities.” 

 

Read Holiday Online Safety Tips to learn how to shop online safely and protect your assets. Happy holidays!

Annual Disclosures for Faculty & Staff

USC’s annual process for faculty and staff disclosure of outside financial interests and professional activities will launch again in early January. Employees who are required to submit the annual disclosure will receive an email with a link to the system and instructions for completion. A few common questions related to the disclosure process:

 

  • Q: As a faculty member, I’m involved in a range of outside professional activities— which activities do I need to list in the annual disclosure?
    • A: Policy ACAF 1.50 provides guidance on which activities need to be reported during the annual disclosure process.

 

  • Q: If I’m on a 9-month contract with USC, do I need to disclose outside professional activities or employment from the time I am not working at USC (e.g., summer months)?
    • A: Yes, faculty with appointments less than 12-months still need to report outside professional activities and financial interests from the full year.

 

  • Q: What happens if an item is flagged as a potential conflict?
    • A: Your supervisor will work with you, in consultation with the department head/dean, to address the potential conflict. Oftentimes, a management plan can be utilized to ensure the potential conflict does not impact your USC duties.

 

  • Q: Do all employees submit annual disclosures?
    • A: All full-time faculty and select staff are required to submit annual disclosures. However, any USC employee that has an outside activity, relationship, or financial interest that presents a potential conflict of interest or commitment (or the appearance of a conflict), must submit those items in the disclosure system for review— regardless of whether they are required to submit annually. See BTRU 1.18.

 

Keep an eye-out for communications in early January regarding the annual disclosure process. If you have any questions related to disclosures or conflicts of interest, please contact COI@mailbox.sc.edu.

USC Integrity Line - Employee Standards of Ethical Conduct
As members of the Carolina community, we are all familiar with the Carolinian Creed:

As a Carolinian...

  • I will practice personal and academic integrity;
  • I will respect the dignity of all persons;
  • I will respect the rights and property of others;
  • I will discourage bigotry, while striving to learn from differences in people, ideas and opinions;
  • I will demonstrate concern for others, their feelings, and their need for the conditions which support their work and development.
With the Creed as a guidepost, the University's Employee Standards of Ethical Conduct (Standards) puts forward the high expectations the University has of all employees in regard to ethical, moral, and respectful conduct. The Standards cover the following topics:
  1. Honesty and Trust
  2. Respect
  3. Confidentiality and Compliance
  4. Ethics, Stewardship, and Accountability
Each section references relevant University policies and lays out processes for reporting misconduct and requesting investigations. If you haven't read the Standards lately, take some time to revisit this important document.

The USC Integrity Line is an anonymous reporting system, administered by an independent third-party provider, Lighthouse Services, Inc. Use this service to report a concern about questionable or unethical behavior.

 
* * *

 

USC Integrity Line Reporting

 

You can report your concern anonymously to the USC Integrity Line:

Reports are shared with a select group of three individuals:

  • Chair of the Audit, Compliance and Risk Committee of the Board of Trustees
  • Chief Audit Executive
  • General Counsel

These individuals determine the appropriate path forward for investigating your report.

Click here for more information on the USC Integrity Line

 

Relevant University Policy:

University employees are expected to report any concerns regarding possible noncompliance with laws, regulations, and policies.

News Links
As we reflect on the year drawing to a close, we would like to thank all of our clients and stakeholders who have collaborated with us to help us fulfill our mission of serving the University community in 2023. We wish you a peaceful and joyous season filled with laughter, warmth, and time spent with loved ones.

We look forward to a new year of doing our part to help make the University of South Carolina the best it can be.

Happy Holidays , from all of us in Audit & Advisory Services.
Contact Audit & Advisory Services
1600 Hampton St.
Suite 610
Columbia, SC 29208
 
Website: sc.edu/audit
Email: AAServcs@mailbox.sc.edu
Phone: 803-777-2752

Have suggestions or requests for future newsletter topics? Send us an email.
 

Archived Newsletters

Fall 2023

Summer 2023

Spring 2023

Winter 2023

 


 

Photos (from top to bottom): USC Aiken, USC Lancaster, USC Beaufort, USC Columbia, USC Upstate

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