Control Risk - Continued • Inquiry alone is not sufficient to test controls.
• Determine if control system design satisfies general segregation of duties (Authorization, Recording, Custody).
• Perform tests of transactions.
21
Gaining an Understanding…
NIGC, State………… NIGC MICS
State Compact
Step 1
Tribal Gaming
Tribal MICS
Regulatory Authority
Or TICS
Step 2
Implement Internal Control System (SICS) including Title 31
Tribal Gaming Operations……………
Step 3 Auditor verify SICS is in substantial compliance with Tribal MICS As soon as Step 2 is done
Internal Auditor………………………..
22
BlueBird CPAs
11
Made with FlippingBook - Online catalogs