Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 15 - ACCOUNTING RECORDS AND PROCEDURES
Rule 1 - General Provisions
Section 1-2 - Purpose

Universal Citation: 68 IN Admin Code 1-2

Current through September 18, 2024

Authority: IC 4-33-4; IC 4-35-4

Affected: IC 4-33; IC 4-35

Sec. 2.

The purpose of the accounting records and procedures is to ensure the following:

(1) The assets of the casino licensee or casino license applicant are safeguarded.

(2) The financial records of the casino licensee or casino license applicant are accurate and reliable.

(3) The transactions of the casino licensee or casino license applicant are performed only in accordance with the specific or general authorization of IC 4-33, IC 4-35, and this title.

(4) The transactions are recorded adequately to permit the proper recording of the adjusted gross receipts, admission fees, and applicable taxes.

(5) That accountability for assets is maintained in accordance with generally accepted accounting principles.

(6) That only authorized personnel have access to assets.

(7) That recorded accountability for assets is compared with actual assets at reasonable intervals and appropriate action is taken with respect to discrepancies.

(8) That:

(A) the functions, duties, and responsibilities are appropriately segregated and performed in accordance with sound practices by competent, qualified personnel; and

(B) no employee of the casino licensee is in a position to perpetuate and conceal errors or irregularities in the normal course of the employee's duties.

(9) That gaming is conducted with integrity and in accordance with IC 4-33, IC 4-35, and this title.

Disclaimer: These regulations may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.