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Casino Accounting, Auditing and Fraud Prevention
for Indian Gaming Organizations




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, recording financial activity to reporting suspicious activity, tribal gaming operations face a myriad of challenges. Join our expert 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. You'll learn what the differences and similarities are between a financial statement audit, fraud audit, forensic investigation and internal controls audit. Plus, you'll examine case studies to see how real-life fraud was detected, who the players were, and what the investigation process involved. The best way to combat losses due to fraud is to improve your system of internal controls and have the knowledge to recognize and report unusual activity at your property.

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)
  • Class II versus Class III Internal Controls
  • Tribal-state compacts
  • Control activities
  • Information and communication
  • Monitoring
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
Special Issues
  • Controlling comps
  • Coupon issuance and redemption controls
  • Player's clubs and promotions
  • Key accountability and electronic systems
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
Introduction to Fraud
  • Occupational fraud
  • External fraud
  • Fraud triangle
  • Trail of evidence
  • Forensic accounting
Data Analysis
  • Available data
  • Analysis tools
  • Basic tests
  • Advanced techniques
Fraud Prevention
  • Fraud risk assessment
  • Fraud detention and investigation
  • Fraud protection
Information Technology
  • Access controls
  • Segregation of duties
  • System limitations
Other
  • Procurement
  • Payroll
  • Employee benefits
  • Pay applications (construction)
  • Expense reimbursements

*Topics subject to change.

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