|Effective:||06/21/11||Approved By: Sr. Associate Vice President for Financial Affairs and Deputy CFO|
For Assistance Contact: Sr. Associate Vice President for Financial Affairs and Deputy CFO
To provide an overview of the Monitoring Activities element of internal control.
The UTS142.01 assigns direct responsibility to each institution's Financial Reporting Officer to establish internal controls over the preparation of the annual financial report. Monitoring activities are essential for effective internal control.
The performance of internal control systems must be monitored through both ongoing and periodic assessments. Any deficiencies must be reported to those responsible for corrective action, and the corrective actions must be monitored. For examples of The University of Texas at San Antonio (UTSA)'s monitoring activities, see fmog.1.6.1.utsa. Another example is the testing of Fiscal Management Sub-Certifications (see fmog.1.4.3.utsa). For more information on monitoring activities, for example Quality Assurance Reviews, see ICRS.utsa.
For an overview of internal control, see fmog.0101.utsa.
None at this time.
|05/13/19||Updates to header section; minor editorial changes.|
|05/06/16||Update to The University Guidelines.|