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Can you summarize NHCAR Lot 7206.08?
REQUIRED DOCUMENTATION > Internal Control Procedures.
Short Summary
This legal document outlines the requirements for internal control procedures in gaming operations conducted by charitable organizations and operator employers hired to act on behalf of the organization. The purpose of these procedures is to ensure effective control over the gaming operation, discourage illicit behavior, and safeguard the integrity of the games. The document specifies various controls and measures that must be implemented, including safeguarding assets, maintaining complete and accurate financial records, performing transactions only with proper authorization, maintaining accountability for assets, restricting access to authorized personnel, comparing recorded accountability with actual assets, reporting variances to the commission, taking appropriate action for discrepancies, segregating functions and responsibilities, conducting gaming in accordance with relevant regulations, and addressing various areas such as organizational structure, equipment inventory control, cashiers’ cage safeguards, accounting systems, tournaments tracking, surveillance and security, information technology controls, and contingency plans. The document also emphasizes the need for maintaining an accounting system, producing financial statements, safeguarding assets, preparing bankroll calculations, and preserving financial books and records. Licensees are required to submit revised procedures to the commission when necessary and maintain copies of controls and procedures in the gaming area. Superseded changes must be retained for a minimum of 2 years.
Whom does it apply to?
Charitable organizations and operator employers hired to act on behalf of the organization
What does it govern?
Internal control procedures for gaming operations
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
New Hampshire