Fiscal management sub certification process
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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

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Fiscal Management Sub-Certification Process

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Fiscal management sub certification process

Fiscal Management Sub-Certification Process


Fiscal management sub certification process1

  • 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.

Fiscal Management Sub-Certification Process


Fiscal management sub certification process2

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


Fiscal management sub certification process3

  • 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.

Fiscal Management Sub-Certification Process


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  • 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).

Fiscal Management Sub-Certification Process


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Reminders:

  • If an account is inactive, zero balance or unit

    administrator has changed

    • Complete Unit and Account Request

      Form

    • Send to Accounting Office

  • Account administrator must complete sub-certification if any expenditures were processed during the fiscal year, even if zero balance at 8/31

  • Fiscal Management Sub-Certification Process


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