Schools and government agencies are under increasing regulatory scrutiny in the area of accounting. Indiana has passed a new law requiring specific Internal Control procedures. Recent years have also seen adverse SBOA reports around the state in regard to schools' missing or mishandled funds in extra-curricular activities, which often involve hundreds of thousands of dollars. BPI can help your enity meet the SBOA policy and audit requirements, and avoid losses.
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If your school collects and spends money on extra-curricular activities, you may be at risk of financial loss, and also in violation of SBOA regulations. Let BPI help you minimize your liability and improve your ECA efficiency.
For schools, political subdivisions, and other entities, BPI can design and set up a system of internal control. We can evaluate your current financial workflow procedures, and then recommend improved processes so as to help reduce errors and prevent fraud. In particular, we can help your entity come into regulatory compliance in this area.