Seminar Information - Montana & Associates

Class II & III Minimum Internal controls MICS

How to prevent audit results that negatively affect a gaming facility and tribal ingetrity. A indepth look at the new amendments proposed by NIGC.

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COURSE DESCRIPTION

"*** In any tribal endeavor it is vital importance to keep high ethical standards in place to protect the financial integrity of any Class II & III facility. Every Gaming Commission is committed to integrity, honesty and fairness in it’s regulatory responsibilities in its gaming operations. *** Each Employee of a Class II & III gaming facility should be familiar with and versed in the internal controls of each game and the operations as a whole. Internal control standards are standard to the successful operation of Class II & III Gaming Operations. *** Effective internal controls have a positive effect on the manner in which the public in general views your gaming operations, if confidence is lost, your job as a gaming commissioner, Gaming manager and Employees will suffer dramatically. This course is designed to assist gaming commissioners, bingo managers and employees in understanding thoroughly the need for adequate Class II & III regulations relatings to internal controls (MICS) and how to implement those regulations."

COURSE CONTENT

I.	INTRODUCTION TO INTERNAL CONTROLS (MICS)

A.	Defining effective internal controls;

B.	Why are adequate internal controls required?;

C.	General & Administrative;

D.	25 CFR Part 542.;

E.	Proposed Changes - NIGC;

II.

BANK ROOM PROCEDURES

A.	Accounting;

B.	Auditing Financial Statements;

C.	Minimum Bank Room Procedures;

D.	Forms, Records, Documents, & Retention;

E.	Standard & Financial Statistics Reports;

F.	Administrative & Accounting Procedures.

III.

INVENTORY INTEGRITY

A.	Personal Assigned;

B.	Bingo Paper & Pull-Tab Control;

C.	Issuance on Bingo Paper;

D.	Return to Bingo Paper to Inventory;

E.	Issuance of Pull Tabs & Inventory Return;

F.	Storage, Inssuance and Return of Bingo Balls;

G.	Other Related Internal Controls.

IV.

SALES & MARKETING

A.	Sales Department Overview;

B.	Clerks & Point of Sales Clerks;

C.	Pull Tab Sellers & Sales;

D.	Procedures of Floor Checkers;

E.	Acceptance of Tips & Gratuities;

F.	Procedures for Callers;

G.	Procedures for POS;

H.	Related Internal Procedures;

I.	Promotional Payouts & Rewards;

V.	GAMING OPERATIONS ACCESS

A.	Computer Access Rights;

B.	Dual Key Control Chart;

C.	Electronic Linked Bingo;

D.	Host & General Requirements;

E.	Drop & Count Requirements;

F.	Currency Acceptor & Court Rooom Key Controls;

G.	Player Accounts;

H.	Accounting & Forms.

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