Section 68IAC15-8-5. Observation and testing of casino cashiering and credit

   (a) The casino licensee shall establish procedures for the observation and testing of the compliance with the system of internal controls for casino cashiering and credit.

  (b) The internal auditor or equivalent shall observe and review, on a quarterly basis, the following procedures, at a minimum:

(1) The countdown procedures.

(2) The casino cage accountability to the general ledger.

(3) The casino cage accountability to the main bank, vault, and change banks.

(4) Check cashing procedures and issuance of credit procedures.

(5) Shift and day procedures.

(6) Any other procedures deemed necessary by the executive director or the commission to ensure compliance with IC 4-33, IC 4-35, and this title.

  (c) The internal auditors or equivalent shall test, on a quarterly basis, the following procedures, at a minimum:

(1) Reconcile summary sheets to physical instruments on a sample basis.

(2) Review processing of payments on returned checks.

(3) If applicable, review procedures and controls over the primary, secondary, and nonvalue chip inventory.

(4) Ascertain compliance with credit limits and other preestablished credit issuance procedures.

(5) Any other procedures deemed necessary by the executive director or the commission to ensure compliance with IC 4-33, IC 4-35, and this title.

(Indiana Gaming Commission; 68 IAC 15-8-5; filed Jul 18, 1996, 8:45 a.m.: 19 IR 3334; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA; filed Nov 13, 2015, 2:37 p.m.: 20151209-IR-068150113FRA)