Each gaming licensee shall establish a plan of internal administrative and accounting controls and procedures for the purpose of determining the licensee's liability for taxes and fees under the Mississippi Gaming Control Act and to ensure the accuracy and reliability of all accounting data. Required controls or procedures for adoption by each licensee shall include, but are not limited to, and are designed to reasonably ensure that:
1. Assets are safeguarded;2. Financial records are accurate and reliable;3. Transactions are performed only in accordance with management's general or specific authorization;4. Transactions are recorded adequately to permit proper reporting of gaming revenue and of fees and taxes, and to maintain accountability for assets;5. Access to assets is permitted only in accordance with management's specific authorization;6. Recorded accountability for assets is compared with actual assets at reasonable intervals and appropriate action is taken with respect to any discrepancies; and7. Functions, duties, and responsibilities are appropriately segregated and performed in accordance with sound practices by competent, qualified personnel.35 Miss. Code. R. § 5-05-01-100