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.
Bookkeeping Plus provides services in the field of Internal Control Compliance for schools and government entities. Click on the video below to learn more.
The Internal Control Law
Indiana recently passed a law that requires schools and other government entities to implement a specific internal control methodology. The entity must develop, adopt, and implement new policies and procedures to bring it into compliance with the statute and the accompanying regulations from the State Board of Accounts. In addition, the entity must conduct training of its staff and prepare written certifcation on SBOA forms. The penalties for non-compliance can be harsh.
Bookkeeping Plus, Inc. now offers a program to perform all the required steps, do the training, and bring your entity into compliance. The BPI program is an efficent and cost-effective way to address this requirement and avoid problems. Call Beth Marsh, CEO, at (317) 462-2049.