Section 1: Internal Control

PURPOSE/SCOPE

To provide an overview of the UTSA internal control framework.

AUTHORITY

UT System policy UTS142.1 assigns direct responsibility to the Institutional Financial Reporting Officer to establish internal controls over the preparation of the Annual Financial Report (AFR).

UNIVERSITY GUIDELINES

A. Definition

Internal control is a process, affected by the UT System Board of Regents, management and UTSA employees, designed to provide reasonable assurance that UTSA's goals and objectives are being accomplished in these areas:

• Effectiveness and efficiency of operations and use of resources;

• Reliability of financial reporting; and

• Compliance with applicable laws and regulations.

B. Framework

The UTSA internal control system is based on a framework of the following essential elements:

1. Control Environment: See UTSA Financial Management Operational Guideline Control Environment

2. Risk Assessment: See FMOG Risk Assessment

3. Control Activities: See FMOG Control Activities

4. Information and Communication: See FMOG Information and Communication

5. Monitoring Activities: See FMOG Monitoring Activities

DEFINITIONS

REFERENCES/LINKS

• UTSA Compliance Training Website
  (http://www.utsa.edu/acrs/)

• UT System policy UTS134 - Code of Ethics for Financial Officers and Employees (http://www.utsystem.edu/policy/policies/uts134.html)

• UT System policy UTS142.1 - Policy on the Annual Financial Report
  (http://www.utsystem.edu/policy/policies/uts142_1.html)

• UTSA Management Responsibilities Guide
  (http://www.utsa.edu/acrs/leadershipaccount/MRG/MRGDOC/MRG_home.html)

REVISION HISTORY