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.
Critical Dates
| Role Review in FCIAA Application |
October 22 - November 9, 2018 |
| FCIAA Application Questionnaire Available |
November 12, 2018 |
UAFR/CBO Review Begins
|
November 12, 2018 |
| UIC - Department Forms to College Offices Due |
December 10, 2018 |
| UIUC - Department Forms to College Offices Due |
December 17, 2018 |
| UIS - Department Forms to the Interim Director of Business Services |
January 4, 2018 |
| System - Department Forms to the Assistant Controller, University Accounting Financial Reporting |
January 4, 2019 |
| UIUC- College Cumulative forms to Provost/AVP offices |
January 7, 2019 |
| UIC - College Memos to Provost/AVP offices |
January 7, 2019 |
Department-Level & College-Level Memos/Forms due to University-Level Offices
|
January 14, 2019 |
| University & System Office Review |
January 14- February 11, 2019 |
University & System Office Review Results Due
|
February 11, 2019 |
University CBO's, Controller, and SAVP Review
|
February 11- March 15, 2019 |
University CBO's, Controller, and SAVP Review Due
|
March 15, 2019 |
| FCIAA Communication Letters to President Due |
April 1, 2019 |
| Meeting with President to Discuss/Finalize FCIAA Process |
Mid-April, 2019 |
| President Signature & Final Certification Letter to Auditor General |
May 1, 2019 |
Other Resources
Review FCIAA Certification, explanations and resources.
Login for FCIAA Application.
Last Updated: October 16, 2018