Ohio Administrative Code
Title 3775
Chapter 3775-16
Section 3775-16-19 - Internal audit
Current through all regulations passed and filed through March 18, 2024
(A) Sports gaming proprietors must maintain one of the following to annually assess compliance with sports gaming law:
(B) The internal audit department or contracted third party must audit the sports gaming proprietor's compliance with Chapter 3775. of the Revised Code and the rules adopted thereunder, the house rules, required procedures, and any other applicable rules and regulations, as required by the executive director.
(C) The internal audit department or contracted third party must follow the standards, conventions, and rules governing audits in the United States.
(D) The audit satisfying the requirements of this rule must be performed at least annually with the results documented in an audit report that must be provided to the commission.
(E) Documentation must be maintained to evidence all work performed as it relates to the requirements of this rule, including all instances of noncompliance.
(F) Follow-up observations and examinations must be performed to verify that corrective action has been taken regarding all instances of noncompliance. The verification must be performed within six months following the date of notification.
(G) The commission may require the termination of any audit engagement under this rule due to lack of qualification, independence, or capacity or a finding that the contract or conduct performed thereunder poses a material risk to the integrity of sports gaming in this state. The invalidation process is an action against the sports gaming proprietor that is subject to the hearing procedures and disciplinary actions provided for under rules 3775-1-07 and 3775-1-08 of the Administrative Code, respectively. If an audit engagement contract is terminated, the sports gaming proprietor must enter into a new audit engagement contract to ensure the requirements of this rule are met.
