ANALYSIS OF INTERNAL CONTROL BASED ON THE COSO FRAMEWORK FOR THE MANAGEMENT OF SCHOOL OPERATIONAL ASSISTANCE (BOS) FUNDS AT SDIT MASYITHAH BUKITTINGGI

Abstract

This study aims to analyze the implementation of internal control in the management of School Operational Assistance (BOS) funds at SDIT Masyithah Bukittinggi based on the COSO framework, as well as to identify the challenges faced by the school in its application. The research employs a qualitative approach using a case study method. Data were collected through in-depth interviews and documentation, then analyzed using the five main components of COSO: control environment, risk assessment, control activities, information and communication, and monitoring. The results show that the principles of internal control have been applied in practice, although the school has not formally implemented the COSO framework comprehensively. The internal control practices largely rely on the initiative of the principal and the BOS treasurer. However, the existing system remains informal and lacks specific standard operating procedures (SOPs) and proper documentation. The main challenges in implementing internal control include limited human resources, unclear task distribution, and the absence of regular evaluations. Additionally, although the school uses the ARKAS application for reporting, the system does not fully support comprehensive internal control. This study concludes that strengthening the internal control system based on the COSO framework is necessary to ensure that BOS fund management is more efficient, transparent, and accountable. The findings are expected to serve as a practical reference for other schools and as a consideration for policymakers in improving financial governance in the education sector.