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

 

For questions contact the UAFR FCIAA group.  

 

Last Updated: October 06, 2022