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Casino Accounting and Auditing for
Indian Gaming Organizations





A casino is filled with highly liquid assets (cash and chips) and the systems used to account for the numerous transactions are unique. What makes casino accounting and auditing so complex? Attend this class to find out and improve your understanding of this highly regulated industry. 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 recent Governmental Accounting Standards Board (GASB) pronouncements; 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 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
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
Class II
  • Implementation issues
  • Policies and procedures
  • New internal controls

*Topics subject to change.

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