Nev. Admin. Code § 368A.510 — 368A.510

NAC 368A.510    Procedures for internal control.
( NRS 368A.140 )
1.  Each:
(a) Group I licensee that provides live
entertainment shall:
(1) Include in its system of internal control,
submitted pursuant to Regulation 6.090 of the Nevada Gaming Commission, a
description of the procedures adopted by the licensee to comply with NAC 368A.300 to 368A.540 ,
inclusive; and
(2) Comply with that system of internal
control and any minimum standards for internal control for entertainment
adopted by the Chair pursuant to Regulation 6.090 of the Nevada Gaming
Commission.
(b) Group II licensee that provides live
entertainment and each taxpayer that holds a restricted license shall comply
with any procedures for internal control for entertainment adopted by the Chair
pursuant to Regulation 6.100 of the Nevada Gaming Commission.
Ê Except as
otherwise approved in writing by the Chair, a taxpayer shall not carry out any
procedures for internal control that deviate from any standards or procedures
for internal control for entertainment adopted and published by the Chair.
2.  Each group I licensee that provides live
entertainment shall direct its independent accountant to perform observations,
examinations of documents and inquiries of employees, using any applicable
guidelines, checklists and other criteria established by the Chair, to
determine compliance with the requirements for entertainment. The independent
accountant shall report his or her findings as part of the report required by
subsection 9 of Regulation 6.090 of the Nevada Gaming Commission.
3.  The internal auditor of each group I
licensee that provides live entertainment shall:
(a) Using any applicable guidelines, checklists and
other criteria established by the Chair, perform observations, examinations of
documents and inquiries of employees to determine compliance with the
requirements for entertainment.
(b) Submit to the Board within 120 days after the
last day of the first 6 months of the business year of the licensee two copies
of a report by the internal auditor summarizing all instances of noncompliance
with the requirements for entertainment during the first 6 months of the
business year of the licensee and any applicable responses by the management of
the licensee, including any work required to be performed during the reporting
period and any additional procedures that were performed.
(c) Submit to the Board within 150 days after the
end of the business year of the licensee two copies of a report by the internal
auditor summarizing all instances of noncompliance with the requirements for
entertainment during the final 6 months of the business year of the licensee
and any applicable responses by the management of the licensee, including any
work required to be performed during the reporting period and any additional
procedures that were performed.
4.  As used in this section:
(a) “Group I licensee” and “group II licensee” have
the meanings ascribed to those terms in Regulation 6.010 of the Nevada Gaming
Commission.
(b) “Requirements for entertainment” means the
provisions of chapter 368A of NRS, NAC 368A.300 to 368A.540 ,
inclusive, and any minimum standards for internal control for entertainment
adopted by the Chair.
(Added to NAC by Gaming Control Bd. by R223-03, 2-25-2004,
eff. 1-1-2004; A by Gaming Comm’n by R104-15, 11-2-2016)