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Internal Control Overview

Effective: 01/03/11 Approved By: Senior Associate Vice President for Financial Affairs and Chief Financial Officer
Revised: 01/05/24
For Assistance Contact: Controller

Purpose/Scope

To provide an overview of the UTSA internal control framework.

Authority

The UTS142 assigns direct responsibility to each institution's financial reporting officer to establish internal controls over the preparation of the annual financial report.

University Guidelines

Table of Contents
  1. What is Internal Control?
  2. Framework

A. What is internal control?

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

  • Operations: Relating to the effective and efficient use of UTSA resources and safeguarding of UTSA assets;
  • Reporting: Including but not limited to reliability, timeliness and transparency of external and internal financial and non-financial reporting; and
  • Compliance with applicable laws, regulations and standards.

B. Framework

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

  1. Control Environment: See fmog.0102.utsa
  2. Risk Assessment: See fmog.0103.utsa
  3. Control Activities: See fmog.0104.utsa
  4. Information and Communication: See fmog.0105.utsa
  5. Monitoring Activities: See fmog.0106.utsa

Related Forms

None at this time.

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Revision History

Date Description
01/05/24 Updated point of contact. Editorial updates in section A.
04/29/19 Updates to header and University Guidelines sections; minor editorial changes.