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 employee’s duties. (j) Internet gaming is conducted with integrity and in accordance with the act and these rules.