Dec. Level II - Training Book

Dec. Level II - Training Book

December 09 - 1 1 , 20 20 Zoom Webinar Training

Commissioner Certification Training LEVEL II AGENDA

December 9 - 11, 2020 ZOOM VIRTUAL TRAINING Training on PST Time

Wednesday, December 9

Please plan to stay for the entire class on each day to get your certificate of completion. Please be on time for sessions 9:00 AM 10:30 AM Internal Auditing-What's Required & How it Should Be Approached Ryan Burns, CPA, Partner Blue Bird CPA's 10:30 AM 10:45 AM Break 10:45 AM 12:15 PM Financial Controls & Accounting Standards Ryan Burns, CPA, Partner Blue Bird CPA's 12:15 PM 1:15 PM Lunch Break 1:15 PM 2:45 PM Licensing: Vendors & Facilities Billy David, Bo-Co-Pa & Associates 2:45 PM 3:00 PM Break 3:00 PM 4:30 PM Licensing: Key Employees & Primary Officials Billy David, Bo-Co-Pa & Associates Thursday, December 10 9:00 AM 10:30 AM Effective Regulatory Writing Liz Homer, Homer Law 10:30 AM 10:45 AM Break 10:45 AM 12:15 PM Tribal Sovereign Immunity and The Gaming Regulator Liz Homer, Homer Law 12:15 PM 1:15 PM Lunch Break 1:15 PM 2:45 PM Employment Issues for Regulators Charlene Jackson, Jackson Law 2:45 PM 3:00 PM Break 3:00 PM 4:30 PM Journey of Submission Peter Nikiper, Director of Technical Compliance, BMM Test Labs Friday, December 11 9:00 AM 10:30 AM Roles of Surveillance Cheats & Scams George Joseph, Worldwide Casino Consulting, Inc. 10:30 AM 10:45 AM Break 10:45 AM 12:15 PM Roles of Surveillance Cheats & Scams George Joseph, Worldwide Casino Consulting, Inc .

Internal Audit What is Required? & How Should It Be Approached?

Ryan Burns, CPA Partner, BlueBird CPAs

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What Do You Want To Learn From This Class?

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BlueBird CPAs

1

What is an Internal Audit? • An independent appraisal function to examine and evaluate the organization’s activities as a service to the organization

• Monitoring how management is achieving their objectives on an on-going basis

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Compliance Audits • NIGC MICS • Title 31 • IRS reporting • Tribal law • System of Internal Control

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BlueBird CPAs

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Audit Charter • Defines the role of the internal auditor within the organization

• Forms the basis for his/her authority

• Must be defined in a formal document and be adopted, usually by the Tribal Council or the Tribal Gaming Commission

5

Audit Charter

• Internal audit should have access to all areas of the Casino without any limitation on the information or areas subject to audit. This includes access to the:

o Financial statements, o General ledger detail, o Revenue Audit documentation, o Departmental budgets, o Annual audit results, o Payroll, o Expenses (especially credit cards and travel costs), and o Non-gaming revenue centers.

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BlueBird CPAs

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Internal Auditor Communication & Independence • Internal auditors can communicate anything but surprise observations or when a special investigation is in progress, such as: o Audit plans o Timing of audit fieldwork • Communicate findings to management prior to the issuance of a report • Document the results of work performed • Timing of management responses • For independence, report to Tribal Council/Gaming Commission, Audit Committee or Board

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Internal Auditor Required Testing • All Gaming & • Relevant Support Areas

Should be tested at least once a year (or more frequently based on internal requirements.)

8

BlueBird CPAs

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Internal Audit Standards (IIA) • Independence o Organization status o Objectivity • Professional proficiency • Scope of work • Performance of audit • Management of internal audit department

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Five Steps of Internal Audits First, let’s look at the five steps for performing internal audits.

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BlueBird CPAs

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Performance of Audit Work • Planning • Developing/customizing master plan • Performing the fieldwork (checklist, audit program)

• Evaluating and documenting evidence • Communicating results & follow-up

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Step 1: Planning • Evaluate overall control environment • Risk assessment & monitoring • Evaluate the written policies and procedures • Evaluate communication process

12

BlueBird CPAs

6

Audit Planning Step #1 - Obtain An Understanding • Regulatory Environment - Working Knowledge of Industry, Tribal- State Gaming Compact, Tribal Gaming Ordinance, and applicable Tribal Minimum Internal Control Standards (TMICS).

• Operating Environment – Type and Volume of Transactions, Management Attitude, Computer Information Systems, >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 100 Page 101 Page 102 Page 103 Page 104 Page 105 Page 106 Page 107 Page 108 Page 109 Page 110 Page 111 Page 112 Page 113 Page 114 Page 115 Page 116 Page 117 Page 118 Page 119 Page 120 Page 121 Page 122 Page 123 Page 124 Page 125 Page 126 Page 127 Page 128 Page 129 Page 130 Page 131 Page 132 Page 133 Page 134 Page 135 Page 136 Page 137 Page 138 Page 139 Page 140 Page 141 Page 142 Page 143 Page 144 Page 145 Page 146 Page 147 Page 148 Page 149 Page 150 Page 151 Page 152 Page 153 Page 154 Page 155 Page 156 Page 157 Page 158 Page 159 Page 160 Page 161 Page 162 Page 163 Page 164 Page 165 Page 166 Page 167

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