Mississippi Administrative Code
Title 35 - Department of Revenue
Part 5 - Gaming
Subpart 05 - Internal Controls
Chapter 06 - Cage/Vault Accountability
Section 35-5-05-06-107
Current through September 24, 2024
In addition to internal audit standards, an individual independent of the cage, credit, and collection functions performs all of the following at least quarterly:
1. Ascertain compliance with credit limits and other established credit issuance procedures,
2. Randomly reconcile outstanding balances of both active and inactive accounts on the listing to individual credit records and physical instruments,
3. Examine credit records to determine that appropriate collection efforts are being made and payments are being properly recorded, and
4. For a minimum of seven (7) days per each month partial payment receipts are subsequently reconciled to the total payments recorded by the cage for the day and are numerically accounted for.
