State Agencies

Standards

Indiana Code 5-11-1-27(e) provides that through the compliance guidelines authorized under IC 5-11-1-24 the state board of accounts shall define the acceptable minimum level of internal control standards for internal control systems of political subdivisions, including the following: (1) Control Environment. (2) Risk Assessment. (3) Control Activities. (4) Information and Communication. (5) Monitoring.

In response, the SBOA developed the Uniform Internal Control Standards for Indiana Political Subdivisions manual, which contains the acceptable minimum level of internal control standards.

Generally Accepted Government Auditing Standards (the "Yellow Book") prohibits the SBOA from prescribing the actual internal control procedures to be used by a political subdivision. However, the manual provides examples and case studies to demonstrate implementation strategies.

While the State is not subject to this statute, the State and Quasi Agencies Uniform Compliance Guidelines Manual in chapter 2 does establish the need for internal controls, which would include following and implementing internal controls that address the five components above.

Other Information

Form 7

This is a form that our agency may provide to you at the beginning of (or before) an engagement. This form allows us to gain a better understanding of your internal control structure and helps us in the planning of our engagement. There are section on this form that may not be applicable to your unit.

State Examiner Directives

Manuals

• 2020 Compliance Supplement
• 2021 Compliance Supplement
• 2022 Compliance Supplement

SBOA Youtube Channel

Click on the above link if you wish to view training videos posted to our YouTube channel.

State Agency Fiscal Summit - 2022

• Summit YouTube Video
• Internal Control FMC Training
• Risk Self-Assessment Training

Training Materials

• SBOA Federal Uniform Guidance Training

Assistance Listing Numbers (ALN)

Code of Federal Regulation (CFR)

Federal Clearinghouse

State of Indiana

Indiana State Agencies

Indiana Code

Indiana Administrative Code

Federal Office of Management and Budget Circulars

GASB 68 information from INPRS

The SBOA has additional responsibilities for state agencies, quasi agencies, and commissions as outlined below:

• The State Lottery Commission is reviewed annually in accordance with IC 4-30-19-2
• The Indiana Economic Development Corporation is reviewed biennially in accordance with IC 5-28-3-2
• The Indiana Economic Development Foundation is reviewed annually in accordance with IC 5-28-5-13
• The Bureau of Motor Vehicles is reviewed annually in accordance with IC 9-16-5-1
• The State Museum and Historic Sites Corporation is reviewed annually in accordance with IC 4-37-2-4
• The Indiana State Museum Foundation is reviewed annually in accordance with IC 4-37-8-5
• The Ports of Indiana is reviewed annually in accordance with IC 8-10-1-22
• The Common School Funds are reviewed annually in accordance with IC 20-49-3-14

Indiana Annual Comprehensive Financial Report

State Federal Single Audit Report

Search the Audit Report Database

100R