FIN-048
This policy establishes the University's standards on financial reporting and defines the responsibilities of University, Medical Center, and College at Wise personnel related to accounting standards. To provide our external constituents with reliable and accurate financial statements, the University must follow generally accepted accounting principles (GAAP) and comply with related federal, state, and local regulations. Note: The policy also apples to component units (University-Associate Organizations) which follow requirements established by the Financial Accounting Standards Board.
Policy Link (https://uvapolicy.virginia.edu/policy/FIN-048)
Next Review Date: June 30, 2025
Functional Area