FMD 2018 Level I Training Book

10/30/17

Flow of Financial Information in a Casino

CAGE PAPERWORK

BANK STATEMENT

GENERAL JOURNAL

PAYROLL REGISTER

CHECK REGISTER

THE GENERAL LEDGER

COMPUTER SLOT SYSTEM

THE TRIAL BALANCE

ADJUSTMENTS

FINANCIAL STATEMENTS

AICPA Gaming Audit & Accounting Guide • AICPA Casino Audit Guide o The AICPA Audit and Accounting Guide Audits of Casinos (the Guide) was originally issued in 1984. The Guide was not revised or amended, other than for conforming changes, since its issuance until 2011 (updated 2012) • Why the need for change? o Shift from primarily table games when original casino guide established to slot play. o Impact of technology. o Impact of multiple jurisdictions and the introduction of Native American gaming. o Diversity in practice. o Accounting and auditing issues not contemplated in the existing Guide.

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