Audit & Compliance
The Audit and Compliance Division continues to develop and adapt procedures to ensure compliance with Minimum Internal Control Standards (MICS) so that licensee assets are safeguarded preserving the integrity of gaming at all venues in the State.
The division focuses on verification of licensees’ compliance with the Gaming Control Act and Board rules, including the payment of gaming taxes. The division ensures that services provided are efficient and effective in protecting resources from theft or misuse. Compliance reviews are completed twice per year for all nonprofit and racetrack gaming operator licensees. Compliance reviews verify that licensees are in compliance with applicable state statutes, Board rules and MICS. Additionally, the division assists the State Gaming Representative in the annual inspections of tribal gaming venues and quarterly reviews of revenue sharing calculations. Gaming auditors perform analysis of financial statements of all racetrack licensees that include, but are not limited to, a thorough review of balance sheets and income statements in order to assess financial condition.
The Audit and Compliance Division is comprised of uniquely qualified individuals with specialized knowledge and skills in the area of gaming auditing as many of the division’s staff members hold advanced degrees and the specialized certification of Certified Fraud Examiner (CFE).