Description
This seminar provides an in-depth understanding of the complexities of auditing casinos & developing effective internal controls.
Agenda Topics
Session #1 Internal Control Concepts - Gaming Topics
- Review some common types of controls applicable to businesses in general
- Review some specific internal controls for the gaming industry
- Talk about the pitfalls and limitations of internal controls
- Talk about the ways we regulators address control requirements and respond to new risks
Session #2 Internal Control Concepts – Non-Gaming Topics
- Review some common types of controls applicable to businesses in general
- Talk about the regulator’s involvement in non-gaming areas
- Understand some common anti-fraud controls for non-gaming areas
Session #3 Audit Performance – Planning & Documentation
- Audit planning
- Materiality and sampling
- Attribute and Substantive Sampling
- Risk based audits
- Documentation
Session #4 Audit and Emerging Issues
- Learning to scan the horizon to see what is coming
- Discussing resources to ensure your audits aren’t performed unarmed
- Giving yourself and your team the confidence to audit well
- Working with your auditees to gain knowledge to work together effectively
- External teams and CPAs
Session #5 Credit and Collections
- Definitions
- Regulatory concerns
- Important control policies
Educational Partners:
Kim McCabe-Ward, Senior Vice President Compliance at Maverick Gaming & founder of KMC, LLC has over 24 years in the gaming and hospitality industry. She is a Certified Public Accountant (CPA) and a Certified Anti-Money Laundering Specialist (CAMS). Her experience includes VP of Internal Audit for Caesars, over 13 years with Las Vegas Sands Corp. (LVSC) in various executive positions and six years with Nevada Gaming Control Board. Kim has been a presenter at AML Conferences in the U.S. and Beijing, NV Society of CPAs, National Indian Gaming Assoc., American Bar Association and many webinars.