Controller's Office
Update: Risk Assessment Survey for External Sales
Changes have been made to the Risk Assessment Survey that is used to determine whether a transaction is
classified as low, medium or high risk. These classifications define the accountability and operating procedures
that must be followed by units that sell to external customers, as well as the oversight and monitoring
procedures that must be followed by central units.
Refer to the section of the Policy: Selling Goods and Services to External Customers “Assessing the Risk
Profile of Sales Transactions” for more information
The changes made to the survey are:
Reduce the criteria from 8 factors to only 4 factors
The dollar amount for low risk is now $10,000 or less
Remaining factors are:
Customer Type
Dollar Amount
Nature of the Product
Service Provided
The updated on-line risk External Sales Risk Assessment is located on the University Policy Library in the
Administrative Policy: Selling Goods and Services to External
Customers http://policy.umn.edu/finance/externalsales
Internal/External Sales Office