Section R. 432.1902 - PurposeRule 902. The procedures of the internal control system are designed to ensure all of the following:
(a) That assets of the casino licensee are safeguarded.(b) That the financial records of the casino licensee are accurate and reliable.(c) That the transactions of the casino licensee are performed only in accordance with the specific or general authorization of this part.(d) That the transactions are recorded adequately to permit the proper recording of the adjusted gross receipts, fees, and all applicable taxes.(e) That accountability for assets is maintained in accordance with generally accepted accounting principles.(f) That only authorized personnel have access to assets.(g) That recorded accountability for assets is compared with actual assets at reasonable intervals and appropriate action is taken with respect to any discrepancies.(h) That the functions, duties, and responsibilities are appropriately segregated and performed in accordance with sound practices by competent, qualified personnel and that 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.(i) That gaming is conducted with integrity and in accordance with the act and these rules.Mich. Admin. Code R. 432.1902