S.D. Admin. R. 64:01:01:46

Current through Register Vol. 51, page 67, December 16, 2024

Section 64:01:01:46 - Description of process that creates records

Upon the request of the department, the taxpayer shall provide a description of the business process that created the records. The description shall include the relationship between the records and the tax documents prepared by the taxpayer and the measures employed to ensure the integrity of the records.

The taxpayer shall be capable of demonstrating:

(1) The functions being performed as the functions relate to the flow of data through the system;

(2) The internal controls used to ensure accurate and reliable processing; and

(3) The internal controls used to prevent unauthorized addition, alteration, or deletion of the records.

S.D. Admin. R. 64:01:01:46

28 SDR 178, effective 7/1/2002; 32 SDR 225, effective 7/3/2006.

General Authority: SDCL 10-45-47.1(4), 10-45D-13(4), 10-46-35.1(4), 10-46A-19(4), 10-46B-18(4), 10-46E-11(4), 10-47B-2, 10-52A-7(4).

Law Implemented: SDCL 10-45-45, 10-45D-12, 10-46-39, 10-46A-7, 10-46B-6, 10-46E-8, 10-47B-157, 10-52A-6.