Fiscal Control and Internal Auditing Act (FCIAA)
Overview
FCIAA is a State-mandated program to aid Illinois State agencies in conducting reviews of their fiscal and administrative systems of internal control. The FCIAA Certification provides a mechanism for the University of Illinois System to report its internal control compliance. Annually, unit heads and financial officers are required to submit FCIAA Certification for each of their respective departments.
The University of Illinois System views the FCIAA Certification as an opportunity to work together to ensure effective fiscal/internal controls are in place to protect system resources.
Strong internal controls provide reasonable assurance that:
- Information is reliable, accurate, and timely
- Policies, plans, procedures, laws, regulations, and contracts are followed
- Assets (including people) are safeguarded
- Resources are used in an economical/efficient manner
- Established objectives and goals are met
Department heads/fiscal officers are encouraged to review the items covered in the FCIAA Certification throughout the year working with OBFS and University Audits to address internal control weaknesses prior to the annual certification.
Other Resources
Review FCIAA Certification, explanations and resources
Webinar: FCIAA - Annual Internal Control Evaluation
- Registration
- November 10, 2022 1:15 to 2:45 PM
- November 17, 2022 10:00 to 11:30 AM
- Join University Accounting and Financial Reporting and the Office of University Audits to learn about the various roles in the FCIAA process, how to critically review internal controls, and identify internal control weaknesses.
Critical Dates
Role Review in FCIAA Application |
October 10 - October 21, 2022 |
FCIAA Application Questionnaire Available |
Early November, 2022 |
UIUC - Department Submission & Approval Due to the College Offices for Review |
December 5, 2022 |
UIC - Department Submission & Approval Due to the College/Vice Chancellor Offices for Review |
December 5, 2022 |
UIS - Department Submission & Approval Due to the Vice Chancellor for Finance & Administration for Review |
January 6, 2023 |
System - Department Submission & Approval Due to the Director for Controller Operations for Review |
January 6, 2023 |
UIUC- College Cumulative Submission & Approval Due to the Office of the Provost for Review |
January 13, 2023 |
UIC - College/Vice Chancellor Memos Due to the Vice Chancellor Budget, HR & Financial Administration for Review |
January 13, 2023 |
University & System Office Letters Due to CFO, Controller, & Executive Director of University Audits for Review |
February 22, 2023 |
System Office Reviews |
March 6, 2023 |
University of Illinois System FCIAA Letters Due to President |
April 3, 2023 |
Meeting with President to Discuss/Finalize FCIAA Process |
Mid-April, 2023 |
Final Certification Letter with President's Signature Due to Illinois Auditor General |
May 1, 2023 |
Last Updated: October 06, 2022