3.2.2: The legal authority and operating control of the institution are clearly defined for the following areas within the institution’s governance structure:  Narrative:        3.2.2.2 the fiscal stability of the institution:   Legal authority and operating control of UT Arlington are clearly defined in the University’s fiscal policies and regulations. According to UT System Rules and Regulations of the Board of Regents, Series 20501, all accounting records and procedures must be approved by the Institution’s chief business officer (Vice President for Business Affairs and Controller) and the UT System Executive Vice Chancellor for Business Affairs. Furthermore, the Executive Vice Chancellor for Business Affairs is responsible for each institution’s internal funding controls. [1] UT Arlington accounting procedures are outlined on the Office of Finance and Administration website. [2] UT Arlington follows the UT System Budget Rules and Procedures, [3] Texas Education Code Section 61.065, Reporting and Accounting [4] and Chapter 13 of the THECB Rules and Regulations. [5] A comprehensive index of fiscal regulations is located on UT Arlington’s Office of Business Affairs and Controller website. [6]  According to UT System Rules and Regulations of the Board of Regents, Series 20401, it is the Chancellor’s responsibility to ensure that the UT System has proper auditing procedures. [7] Series 20401 also outlines the UT System-wide audit compliance program. The UT System’s Director of Audits: (a) develops the system-wide internal audit plan, (b) conducts audits of the system and (c) formulates audit procedures for each institution. The UT System also follows the internal auditing guidelines set forth by Texas Government Code, Chapter 2102, which includes annual and periodic audit plans. [8] UT Arlington’s Office of Assurance Services [9] handles internal audits and institutional compliance. The responsibilities of the Audit Director are to provide the President and all other levels of the University administration information about the adequacy and effectiveness of UT Arlington’s system of internal administrative and accounting controls and the quality of operating performance when compared with established standards. The results of UT Arlington’s most recent internal audit are accessible on its website. [10]   As evidence of fiscal compliance, UT Arlington submits several fiscal reports to the state each year. These reports include: (a) Legislative Appropriate Requests, (b) Operating Budgets, (c) Annual Financial Reports and Inventories and (d) Analyses of Financial Conditions. Annual reports sent to the state are accessible from UT Arlington’s homepage.  [11]