Section 296-4.001 - SYSTEM OF INTERNAL CONTROLS - GENERAL REQUIREMENTS4.001.01 The holder of an authorized gaming operator license will establish, maintain and update an internal control system that has been approved by the commission. the system of internal control procedures is designed to ensure all of the following: a. Assets are safeguarded;b. The financial records of the Authorized Gaming Operator are accurate and reliable;c. The transactions of the Authorized Gaming Operator are performed only in accordance with the statutes and these rules;d. The transactions are recorded adequately to permit the proper recording of the gaming revenue, fees, and all applicable taxes and payments;e. Accountability of assets is maintained pursuant to generally accepted accounting principles;f. Only authorized personnel have access to assets;g. Account balances are complete and accurate, and appropriate action is taken with respect to discrepancies;h. Accounts and personal identifiable information are adequately protected;i. The functions, duties, and responsibilities are appropriately segregated and performed pursuant to sound practices by competent, qualified personnel;j. Supervision is provided as needed for each function by personnel with authority equal to or greater than those being supervised;k. No employee of the Authorized Gaming Operator, a vendor, or a third-party provider is in a position to perpetuate and conceal errors or irregularities in the normal course of the employee's duties; andl. Games of chance are conducted with integrity and in accordance with the Act and these rules.296 Neb. Admin. Code, ch. 4, § 296-4.001
Adopted effective 5/16/2022Amended effective 2/1/2023