Agency Risk Management & Internal Controls Standards

Commonwealth Accounting Policies and Procedures (CAPP) Manual

The CAPP Manual documents the policies and procedures associated with teh Commonwealth's centralized accounting and financial systems. Topic No. 10305 Internal Control provides guidelines to assist state agencies and institutions in implementing internal control programs under the authority of Code of Virginia §§ 2.2-800 and 2.2-803 and identifies the Agency Risk Management and Internal Controls Standards (ARMICS) as the definitive source for internal control in the Commonwealth.

Agency Risk Management and Internal Controls Standards

ARMICS is an initiative of the Department of Accounts (DOA) for all state agencies within the Commonwealth of Virginia. Simply stated, the primary purpose of ARMICS is to ensure fiscal accountability and safeguard the Commonwealth’s assets. This purpose is achieved through the implementation of an effective system of internal controls and "best-practices" that directly support the Commonwealth’s vision and long-term objectives.

Support

Please email any questions regarding the University's ARMICS implementation to armics@virginia.edu. You may also contact an FOC team member directly, see our Contacts page for individual bios and contact information.