Indiana University's Financial Management Services is changing its official name to the Office of the University Controller on Oct. 1. The office's primary responsibilities will remain the same, though the unit will have a stronger focus on ensuring university financial compliance, according to Anna Jensen, associate vice president and university controller.
"The Office of the University Controller intends to continue its delivery of quality financial services to our students, employees and university departments," she said. "However, looking ahead, we are prioritizing the university's strategic plan objective of Responsible Stewardship by directing our efforts toward mitigating financial risk, implementing strong internal controls, and ensuring fiscal accountability and compliance, as it relates to our broader responsibilities."
The Office of the University Controller will also launch a new website: controller.iu.edu. The site reorganizes the Office of the University Controller's functional areas into three main categories to better align with the user experience.
- Compliance: Includes resources for fiscal staff across the university. Its charge under the reorganization includes development of an IU Accounting Standards Book and a Fiscal Officer Reporting Toolkit, with accompanying tools for fiscal compliance.
- Services: Provides resources for employees, students and external parties. Includes information related to payroll, employment verification, direct deposits, loan repayment information, tax forms, etc.
- Systems: Offers support for university financial systems and third-party applications that facilitate IU's compliance with accounting, payroll, procurement, and domestic and international tax reporting requirements.