Agency Risk Management and Internal Control System (ARMICS)
Agency Risk Management and Internal Control Standards (ARMICS) is a directive issued by the Comptroller of Virginia requiring state agencies and institutions to annually document organizational risk assessments and internal control activities. The purpose is to ensure agency regulatory compliance and accuracy in transaction processing. Each agency must name an ARMICS Internal Control Coordinator to oversee completion of this requirement. More detailed information regarding ARMICS may be found at the Virginia Department of Accounts home page and selecting the link for ARMICS.