25 / 28
Virginia Workers’ Compensation Commission | 2015 Annual Report
25
the way forward
Agency Risk Management and Internal Control Standards (ARMICS)
Internal Control Requirements
The Commission will meet ARMICS requirements by ensuring
compliance with financial transactions and statements, laws and
regulations, and safeguarding the Commission’s assets.
Compliance Efforts
The Commission will ensure employers, carriers, and claim administrators
comply with timely filing of workers’ compensation information through
compliance efforts such as monthly report cards and employer monitoring.
Policy Changes
An internal review of policies will be conducted by agency leadership
members. Policies will be modified based upon current operations and
future outlook.
forward
New Headquarters Search
The Commission is evaluating office space in the Richmond area to
consolidate separated business areas.