Internal Controls Intro/Navigation
In accordance with the Commonwealth of Virginia's Agency Risk Management and Internal Control Standards (ARMICS), each agency's management must document an annual assessment of their internal controls. At William & 玛丽, this process is overseen and administered by the Internal Controls department.
Please review the following topics or contact us for more information or assistance.
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What are 'internal controls?'
Explore how we help develop risk mitigation plans, correct any identified control deficiencies and answer related questions.
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State Guidance & Resources
Find the ARMICS document from the Comptroller's office, the CAPP Topic, and the Fraud & Abuse Hotline.
Contact Us
Internal Controls
Address
Williamsburg Professional Center Suite 1310, 2nd Floor Mt. Vernon Avenue Williamsburg, VA 23188
Map & DirectionsHours
- Monday - Friday: 8:00am to 5:00pm
Search Financial Operations
Explore Financial Operations
- Cashiering
Responsible for receipting, depositing funds, and disbursing cash, salary, and travel advances issued.
- Financial Reporting
Responsible for creating new accounts, approving all adjustments, beginning balance transactions, and debt management for bond-funded capital outlay projects.
- Financial Systems
Ensures all accounting records are appropriately documented and accurately recorded within the university's Finance System.
- Fixed Asset Management
Manages financial reporting of fixed assets, including equipment, land, buildings, infrastructure, construction-in-progress, leased financed equipment and surplus property.
- Internal Controls
Responsible for compliance with the Commonwealth of Virginia's ARMICS directives.
- Payment Card Processing
Responsible for guidelines that departments must follow to accept credit and debit cards as services and/or merchandise payments.
- Payroll
Responsible for processing salary and wage payments for all, ensuring that payroll taxes are reported and deposited consistent with state and federal policies and procedures.
- Receivables & Collections
Responsible for collecting assets belonging to William & 玛丽, including all receivables owed to the university for which goods and services have been provided.
- Student Accounts
Responsible for the assessment, billings, and collection of tuition, fees, meal plans, housing, and other charges. The department is also responsible for processing student refunds or other account overpayments.
- Tax Compliance
Ensure compliance with various tax laws and regulations and develop (and enforce) appropriate policies and procedures to meet compliance requirements and protect the tax-exempt status.
- Travel
Provide reimbursement payments, guidance and information regarding travel and business meals.
