Section 35-14-4 - Internal accounting controls(a) Internal accounting and administrative controls are the methods through which reasonable assurances can be given that measures adopted by state agency heads to safeguard assets, check the accuracy and reliability of accounting data, promote operational efficiency, and encourage adherence to prescribed managerial policies are being followed. The elements of a satisfactory system of internal accounting and administrative control shall include, but are not limited to, the following: (1) A plan of organization that provides segregation of duties appropriate for proper safeguarding of state agency assets;(2) A plan that limits access to state agency assets to authorized personnel who require these assets in the performance of their assigned duties;(3) A system of authorization and recordkeeping procedures adequate to provide effective accounting control over assets, liabilities, revenues, and expenditures;(4) An established system of practices to be followed in performance of duties and functions in each of the state agencies;(5) Personnel of a quality commensurate with their responsibilities; and(6) An effective system of internal review.(b) State agency heads shall follow these standards of internal accounting and administrative control in carrying out the requirements of this chapter.