Ariz. Admin. Code § 19-4-141

Current through Register Vol. 30, No. 44, November 1, 2024

Section R19-4-141 - Internal Audit

A. Responsible parties shall maintain a separate audit department, independent of the event wagering operation, whether internal or through an ancillary supplier

B. The internal audit department shall be responsible for auditing the responsible party's compliance with the Act and this Article, the internal control system, and any other applicable rules and regulations.

C. An internal audit shall be performed at least annually with the results documented in a written report which shall be available to the Department.

D. Documentation shall be maintained to evidence all internal audit work performed as it relates to the requirements of this section, including all instances of noncompliance.

E. Follow-up observations and examinations shall be performed to verify that corrective action has been taken regarding all instances of noncompliance. The verification shall be performed within six months following the date of notification.

Ariz. Admin. Code § R19-4-141

Adopted by final exempt rulemaking at 27 A.A.R. 1167, effective 7/26/2021.