Casino Accounting and Auditing for
Indian Gaming Organizations
Date: July 30 - 31, 2012
Location: Las Vegas, NV
Hotel: The Westin Las Vegas (160 E. Flamingo Road Las Vegas, NV 89109)
For a group rate of $95, call 866-837-4215 by June 25th and mention Falmouth Institute.
Tuition:
$894
Get your Gaming Certificate and upgrade your credentials. This class is one of the requirements to earn your Tribal Gaming Professional Cerfiticate. Click here or call 1-800-992-4489 for details.
From monitoring casino transactions to controlling specific games to reporting suspicious activity, tribal gaming operations face a myriad of challenges. Join our expert instructor and learn to navigate through the complex regulations as well as accounting and auditing procedures critical to the financial well-being of any gaming operation.
The class content is updated to include the AICPA Gaming Audit and Accounting Guide released March 1, 2011; FinCEN guidance and new regulations related to Title 31; newest technological developments in player tracking systems; issues related to ticket redemption kiosks; internal auditing topics and more. Our instructor is a former tribal casino controller, external auditor, and out-sourced internal auditor who will give you a unique perspective into the dynamics of tribal casinos from multiple regulatory angles.
This two-day class will help you develop your own system of checks and balances that exceed NIGC regulations to ensure that your casino is making the maximum profit possible by allowing you to identify when internal or external theft is occurring. This overview class is a must for casino accounting department personnel, casino management, gaming commission personnel and others involved with tribal casinos. Register today!
| T O P I C S I N C L U D E |
Introduction to Casino Accounting
- Internal and external financial reporting
- Managerial reporting concepts
- Accounting systems
- Accounting functions
- Accounting risks and controls
- Casino specific accounting issues
Introduction to Casino Auditing
- Regulatory requirements
- External and internal auditing basics
- Casino specific auditing issues
- Audit guide and official pronouncements
- Auditing risks and controls
Internal Control Environment
- Minimum Internal Control Standards (MICS)
- Tribal-state compacts
- Control activities
- Information and communication
- Monitoring
- Fraud deterrence
Internal Auditing
- Regulatory audit requirements
- Best practices beyond the NIGC MICS
- Internal audit best practices
- Risk analysis approach
- Audit planning
- Report writing
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Slot Machine Accounting and Auditing
- Revenue flow
- Revenue audit procedures
- Slot risks and controls
- Audit procedures
Table Game Accounting and Auditing
- Revenue flow
- Revenue audit procedures
- Table games risks and controls
- Audit procedures
Cage and Vault Functions
- Cage and vault accounting concepts
- Importance of cage accountability
- Revenue audit procedures
- Cage risks and controls
Other Revenue Functions
- Hotel Accounting and Controls
- Food and Beverage Accounting and Controls
- Gift Shop/Golf Accounting and Controls
| Current IRS Issues
- W-2G and 1099 issues
- Customer identification requirements
- IRS tip compliance programs
Title 31 Compliance Program
- Compliance responsibilities
- Key requirements of program
- Penalties for non-compliance
- FinCEN Guidance and new regulations
Special Issues
- Controlling comps
- Coupon issuance and redemption controls
- Player’s clubs and promotions
- Key accountability and electronic systems
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