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Indiana State Board of Accounts

Indiana State Board of Accounts

Mission Statement

We are dedicated to providing the citizens of the State of Indiana with complete confidence in the integrity and financial accountability of state and local government.

The Board Members are:

  • Paul Joyce, CPA, State Examiner
  • Mike Bozymski, CPA, Deputy State Examiner
  • Tammy White, CPA, Deputy State Examiner

Frequency of Examinations

Indiana Code 5-11-1-25 provides the criteria the SBOA is to use in determining the examination frequency of entities.

Examinations are completed annually (biennially for a school corporation) if one or more of the following apply:

  1. If the entity is subject to an annual federal audit;
    1. A federal audit is required if the amount of federal expenditures exceeds:
    1. $750,000 for an audit period that begins after December 26, 2014; or
    2. $500,000 for an audit period that begins before December 26, 2014.
  2. Due to continuing disclosure requirements; or
  3. As a condition of a public bond issuance.

The entity must provide notice to the State Examiner not later than 60 days after the close of the entity’s fiscal year that it is required to have an annual audit under these circumstances.

An audit of the State is completed annually. Historically, approximately 92% of schools, 84% of counties, 56% of cities, and 27% of towns meet these criteria.

If the above criteria are not applicable to an entity, then the SBOA uses a risk based approached to determine the frequency of examinations. These risk based factors include (but are not limited to):

  1. Election or Appointment of new fiscal officer or key employees
  2. Timeliness and accuracy of Annual Financial Report (AFR) (required by IC 5-11-1-4)
  3. Results of prior examinations
  4. Risk Assessment questionnaire they complete within their AFR
  5. Information presented to SBOA by outside sources (staff, citizens, vendors, etc.)

Regardless of the results of the risk based assessment, examinations are completed at least once every four years.

Internal Control Standards

Pursuant to Indiana Code 5-11-1-27(e), we have developed the Uniform Internal Control Standards for Indiana Political Subdivisions manual, which contains the acceptable minimum level of internal control standards.

Pursuant to Indiana Code 5-11-1-27(g), after June 30, 2016 all Indiana political subdivisions must have their own local policy regarding Internal Controls and ensure that personnel receive training on Internal Controls.

The Uniform Internal Control Standards for Indiana Political Subdivisions can be found by clicking here. This page also includes approved training materials for political subdivisions.

Indiana Code References

As of July 1, 2015, the Indiana Code references listed on our website are not the current links. If this notice appears on a page, all links to Indiana Codes on that page are to the 2014 archived version. Please click here to search the current 2015 version. We will get all these links updated. Thank you in advance for your patience in this matter.

Aaron's Law

In April of 2015, Senate Bill 406, also known as Aaron's Law, went into effect allowing lay persons (the general public) to administer naloxone to a friend or family person who is experiencing an opioid overdose. A person may obtain a prescription for naloxone from their family physician and get it filled a their local pharmacy. Please click below for more information: