FISCAL MANAGEMENT SUB-CERTIFICATION PROCESS
Electronic sub-certification conducted through the Office of Institutional Compliance and Risk Services in coordination with Controller’s Office
Sent out by e-mail on September 15
Should be completed by September 30
Covers the period of 9/1/09 – 8/31/10
Required by UT System Administration Policy UTS 142.1 – Policy on the Annual Financial Report.
Changes: E-Mail is from [email protected]
One questionnaire which combines the Sub-Certification with the Management Certification
New course number is MC2010
Was changed to avoid confusion
FISCAL MANAGEMENT SUB-CERTIFICATION PROCESS
Annually, each Account Administrator should provide a fiscal management sub-certification to the Financial Reporting Officer- the Associate Vice President for Financial Affairs.
The fiscal management sub-certification certifies that, among other items, their accounts are being reconciled timely, duties are properly segregated and no material weakness exists relative to their internal control.
Account administrators failing to complete the sub-certification are reported to their respective Vice President, Auditing & Consulting Services, and Assistant Vice President Financial Affairs/University Controller.
The Office of Institutional Compliance & Risk Services utilizes administrator responses (or lack thereof) when performing the annual risk assessment to determine account administrators selected for Quality Assurance Reviews (QAR).