Updated by COGR in December 2024.
Resources
One pager released by COGR in February 2025.
FA One Pager FINAL 2-5-25.pdf207.37 KB
This file contains all the roles that were lost through the 2025 Attestation Campaign. For questions, please contact askfinance@virginia.edu
With the launch of the Amazon Business Punchout in the UVAMarketplace, we would like to share updated information and materials:
ETF 24-25 Commitments Spending Summary
- Please list your school or unit on the top of the form.
- As a reminder, please generalize your descriptions for asset purchases such as: audio-visual systems, lasers, cameras, and servers on your wish list whenever possible, although we realize there may be a necessity to deviate from it for some purchases.
- Please return the completed form in the same format as you received it.
- Do not assign asset numbers within your business units to the assets on the list. There were instances in the past, wher
When booking group lodging and/or events at one of the University's locally-contracted hotels, please follow the procedure below.
A group is defined as 10 or more rooms.
Please note: This process may only be used for bookings that are signed by representatives of, and financially covered by, the Rector & Visitors of the University of Virginia.
The COSO Framework
COSO stands for the Committee of Sponsoring Organizations of the Treadway Commission, a private-sector initiative focused on providing thought leadership on enterprise risk management, internal control, and fraud deterrence. The COSO Framework, developed by this committee, is a widely used model for organizations to design, implement, and assess the effectiveness of their internal control systems.
To support ARMICS submission, two levels of assessment need to be completed:
The Commonwealth of Virginia has designed ARMICS to achieve the following objectives:
The goal of ARMICS is to provide reasonable assurance of the integrity of all fiscal processes related to:
Submission of transactions to the Commonwealth's general ledger Submission of deliverables required by financial statement directives Compliance with laws and regulations Stewardship over and safeguarding the Commonwealth's assets.
As defined in ARMICS, an effective system of internal control:
- provides accountability for meeting program objectives;
- promotes operational efficiency;
- improves the reliability of financial statements;
- strengthens compliance with laws and regulations;
- and, reduces the risk of financial or other asset losses due to fraud, waste, or abuse.
Per the CAPP Manual, each Agency Head (e.g., UVA President) is responsible for having agency management document the agency's assessment of internal control to include:
The Restructured Higher Education and Administrative Operations Act (Restructuring Act) granted public colleges and universities greater financial and administrative autonomy in exchange for their commitment to meet specific statewide goals. However, in many important ways the University remains the same, including that it remains a state agency and employees remain state employees.
Everyone has a role in maintaining strong internal controls—but the ultimate responsibility lies with the agency head. They are accountable for the overall internal control environment and must take ownership of the ARMICS process.
Please use this excel sheet to view the FY2024 contact information we used for your cost centers. When you're ready to make updates, use this form: Fixed Asset Inventory Management: Departmental Contacts.
CCC Contact List 02-27-25.xlsx58.13 KB
Learn the basics of using the Goods & Services Guide. View the video.