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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.

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

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

Safely Updating Vendor Bank Accounts

June 15, 2020

While working remotely, the Vendor Coordinator team is noticing an uptick in the number of ACH requests for new and existing vendors. This is good from an efficiency and cost-saving perspective.

As such, we need to reiterate some procedures to ensure we are protecting ourselves against fraud. UNC has recently been a target for phishing/hacking.

Categories: Accounts Payable, Internal Controls

From the Editor’s Desk – June

May 31, 2020

June column by Director of Internal Controls Rod Smith.

Categories: Internal Controls