NRS 463.157
Regulations concerning financial practices of licensees: Minimum procedures for control of internal fiscal affairs of nonrestricted licensees

  • internal audits.
The Commission shall by regulation:

1.

Prescribe minimum procedures for adoption by each nonrestricted licensee to exercise effective control over its internal fiscal affairs, which must include, but are not limited to, provisions for:

(a)

The safeguarding of its assets and revenues, especially the recording of cash and evidences of indebtedness; and

(b)

The provision of reliable records, accounts and reports of transactions, operations and events, including reports to the Board and the Commission.

2.

Provide for the adoption and use of internal audits, whether by qualified internal auditors or by accountants holding a permit to practice public accounting, in the case of each nonrestricted licensee whose operation equals or exceeds a specified size. The regulations or any standards adopted pursuant to such regulations must, if the stock of the nonrestricted licensee is publicly traded, preclude internal audits by the same independent accountant hired to provide audits, compiled statements or reviews of the financial statements required by NRS 463.159. As used in this subsection, “internal audit” means a type of control which operates through the testing and evaluation of other controls and which is also directed toward observing proper compliance with the minimum standards of control prescribed pursuant to subsection 1.

Source: Section 463.157 — Regulations concerning financial practices of licensees: Minimum procedures for control of internal fiscal affairs of nonrestricted licensees; internal audits., https://www.­leg.­state.­nv.­us/NRS/NRS-463.­html#NRS463Sec157.

463.145
Adoption, amendment and repeal: Procedure. 463.150
Required provisions. 463.151
Regulations requiring exclusion or ejection of certain persons from licensed establishments: Persons included. 463.152
Regulations requiring exclusion or ejection of certain persons from licensed establishments: Notice to person whose name is placed on list. 463.153
Regulations requiring exclusion or ejection of certain persons from licensed establishments: Hearing 463.154
Regulations requiring exclusion or ejection of certain persons from licensed establishments: Penalties for failure to exclude or eject. 463.155
Regulations requiring exclusion or ejection of certain persons from licensed establishments: Unlawful entry by person whose name has been placed on list 463.156
Regulations concerning financial practices of licensees: Adoption. 463.157
Regulations concerning financial practices of licensees: Minimum procedures for control of internal fiscal affairs of nonrestricted licensees 463.158
Regulations concerning financial practices of licensees: Periodic financial reports from nonrestricted licensees. 463.159
Regulations concerning financial practices of licensees: Audits, compilations and reviews of financial statements of nonrestricted licensees 463.1592
Regulations concerning financial practices of licensees: Organization of audit function of Nevada Gaming Control Board 463.1593
Regulations concerning financial practices of licensees: Duties of Legislative Auditor. 463.1595
Regulations concerning financial practices of licensees: Computation and reporting of winnings, compensation and gross revenue 463.1596
Regulations concerning recovery of gaming debts by patrons. 463.1597
Regulations concerning licensing of corporations and limited partnerships. 463.1598
Regulations governing sale or offering for sale of securities. 463.1599
Regulations governing operation of slot machine routes. 463.15993
Regulations governing approval and operation of inter-casino linked systems. 463.15995
Regulations governing charging of fee for admission to area in which gaming is conducted. 463.15997
Regulations concerning development and deployment of certain gaming devices, associated equipment and various gaming support systems. 463.15999
Regulations requiring registration of club venue employees.
Last Updated

Jun. 24, 2021

§ 463.157’s source at nv​.us