BAMSI Focuses on Change in Light of State Audit

BAMSI Focuses on Change in Light of State Audit

BAMSI Focuses on Change in Light of State Audit

For Immediate Release

June 2, 2021

 

For more information contact:

Ulea Grace Lago

Executive Administration Officer

508-484-7114

ulealago@bamsi.org

 

BAMSI Focuses on Change in Light of State Audit

 

Brockton, MA- In a report issued on June 1, The Massachusetts Office of the State Auditor released its findings after a 13-month investigation into allegations leveled against BAMSI by an anonymous source.  Although the allegations were ultimately shown to be unfounded, the process was extremely helpful in identifying areas where BAMSI could improve processes, policies, and procedures. State Auditor Suzanne M. Bump said, “I commend BAMSI for taking this process seriously and for taking steps to address our findings.”

The audit, which examined the period of July 1, 2017, through June 30, 2019, found errors in billing amounting to only .006% of BAMSI’s total revenue during that same period. Peter Evers, BAMSI’s new President and CEO, praised the finance department for achieving such a low margin of error given the complexity of the agency. “BAMSI works hard to be a good steward of its resources and is proud that, after over a year of rigorous scrutiny, our system of internal controls proved to be stronger than most for-profit institutions,” states Evers.

Since joining BAMSI in March of 2020, Evers has already implemented changes to address issues identified in the audit, such as strengthening the process around electing new board members and ensuring the timely acknowledgment of donations. Other areas for improvement highlighted by the audit will be dealt with over the coming months to ensure BAMSI continues to hold itself to the highest ethical and financial standards.

 

 

 

 

 

About BAMSI:

Founded in 1975, BAMSI is in the business of “bringing people and services together.”

BAMSI transforms lives by building the capacity of individuals, families, organizations, and communities to learn, thrive, and achieve their goals.

We have more than 120 locations across the Commonwealth of Massachusetts, with diverse services delivered through a growing workforce of more than 2,000 employees.