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Internal Control Overview

Effective: 01/03/11 Approved By: Sr. Associate Vice President for Financial Affairs and Deputy CFO
Revised: 04/29/19

Purpose/Scope

To provide an overview of the University of Texas at San Antonio (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
    1. Control Environment
    2. Risk Assessment
    3. Control Activities
    4. Information and Communication
    5. Monitoring Activities

A. What is internal control?

Internal control is a process, effected 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: Effectiveness and efficiency of operations and safeguarding of assets;
  • Reporting: Includes but is 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
04/29/19 Updates to header and University Guidelines sections; minor editorial changes.
03/08/18 Updated UT link references.
05/06/16 Updated 'Section A: Definition'.