Mich. Admin. Code R. 432.662 - Purpose
Rule 662. The procedures of the internal control standards are designed to ensure all of the following:
(a) Assets are safeguarded.
(b) The financial records of the internet
gaming operator and internet gaming platform provider are accurate and
reliable.
(c) The transactions of
the internet gaming operator and internet gaming platform provider are
performed only in accordance with the act and these rules.
(d) The transactions are recorded adequately
to permit the proper recording of the adjusted gross receipts, fees, and all
applicable taxes and payments.
(e)
Accountability of assets is maintained pursuant to generally accepted
accounting principles.
(f) Only
authorized personnel have access to assets.
(g) Internet wagering account balances are
complete and accurate, and appropriate action is taken with respect to
discrepancies.
(h) Internet
wagering accounts and personal identifiable information are adequately
protected.
(i) The functions,
duties, and responsibilities are appropriately segregated and performed
pursuant to sound practices by competent, qualified personnel and that no
employee of the internet gaming operator, the internet gaming platform
provider, a supplier, a registered vendor, or a third-party provider is in a
position to perpetuate and conceal errors or irregularities in the normal
course of the employees duties.
(j)
Internet gaming is conducted with integrity and in accordance with the act and
these rules.
Notes
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