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.
Login for FCIAA Application.
Critical Dates
Role Review in FCIAA Application |
October 19 - November 6, 2020 |
FCIAA Application Questionnaire Available |
Mid-November, 2020 |
UIC - Department Forms Due to College/Vice Chancellor Offices |
December 7, 2020 |
UIUC - Department Forms Due to College Offices |
December 14, 2020 |
UIS - Department Forms Due to the Interim Director of Business Services |
January 5, 2021 |
System - Department Forms Due to the Assistant Controller, UAFR |
January 5, 2021 |
UIUC- College Cumulative Forms Due to Provost/AVP Offices |
January 11, 2021 |
UIC - College/Vice Chancellor Memos to Provost/AVP Offices |
January 11, 2021 |
University & System Office Letters Due to AVP and Controller |
February 15, 2021 |
AVP and Controller Letters to Executive Director of University Audits |
March 8, 2021 |
University of Illinois System FCIAA Letters Due to President |
April 1, 2021 |
Meeting with President to Discuss/Finalize FCIAA Process |
Mid-April, 2021 |
Final Certification Letter with President's Signature Due to Illinois Auditor General |
May 1, 2021 |
Last Updated: September 18, 2020