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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.

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

Contact

Rod Smith
Director of Internal Controls
104 Airport Drive, Suite 3100
Campus Box 1225
Department Email
internalcontrols@unc.edu
Department Phone
919-966-6936
Department Fax
919-962-4140

News

Internal Controls Update – January 2024

January 21, 2024

It is important to be aware of the requirements surrounding the proper reporting of lost or stolen equipment, especially the specifics around computers and handheld devices.

Categories: Internal Controls News

Guest Column: Cash Advance Reconciliations

July 17, 2023

Reconciliation is the process of comparing transactions and activity to supporting documentation to verify that funds have been used accordingly. In our system for cash advances, this also includes moving the advance off the cash advance account and onto the final expense account to show that the cash advance was utilized to pay for study subject participation.

Categories: Cash Advances News, Internal Controls News