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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.