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