Internal Controls

This department reports to the Associate Vice Chancellor for Finance and Budget.

The Department of Internal Controls cultivates a culture of strong financial control and compliance throughout the University by providing leadership, guidance, education and support tools, consultative services, business intelligence through monitoring and system testing through assessments.  In addition, they perform walkthroughs and audit remedies for campus financial related processes.

Certification of UNC-Chapel Hill’s Internal Control Status

Five Major Goals

• Promote Effectiveness and Efficiency of Operations
• Reliability of Financial Reporting
• Promote Awareness of, and Compliance with, Law, Regulations and Standards
• Safeguard Assets
• Accomplish Goals & Objectives of the University’s Financial Plan

Certifications

• Annual Assessment of Internal Controls over Financial Reporting
• Annual Internal Controls Certification
• Sub-Certification and Annual Attestation
• Internal Control Evaluation and Recommendation Walkthrough – Partnering with the Office of Internal Audit
• Audit Remediation Guidance

Committees

• Internal Controls and Governance Committee
• AICFR Committee
• UNC Foreign Influence

Services

• Internal Controls Tools
• Evaluations and Walkthroughs
• Monitoring and Data Intelligence