Minimum Internal Control Standards definition

Minimum Internal Control Standards or "MICS" means the Tribal/State "Minimum Standards for Internal Controls" attached as the Appendix to this Compact, including revisions that may be agreed upon by the Tribal Gaming Commission and the Oregon State Police from time to time.
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Minimum Internal Control Standards means the Tribal/State “Minimum Standards for Internal Controls” attached as the Appendix to this Compact,
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Minimum Internal Control Standards or "MICS" shall mean the Internal Controls established by the National Indian Gaming Commission as published in the Federal Register.
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Examples of Minimum Internal Control Standards in a sentence

  • No acceptance of Tips except where expressly allowed through the Internal Control Manual, the Minimum Internal Control Standards and the OLG Code of Business Conduct.

  • The Manager shall install systems for monitoring the Enterprise (the “Internal Control Systems”) prior to the Commencement Date as required by 25 C.F.R. Part 542 of the NIGC Minimum Internal Control Standards (“MICS”) for Tier C gaming operations.

  • MPM shall install systems for monitoring of all funds and operations of the Enterprise consistent with the Minimum Internal Control Standards of the NIGC (“MICS”) which systems shall be submitted to the TGC for approval in advance of implementation, which approval shall not be unreasonably withheld.

  • Failure to comply with the applicable gaming regulations, Minimum Internal Control Standards and applicable laws and regulations within the jurisdiction of the Viejas Tribal Gaming Commission will subject the licensee to possible regulatory sanctions.

  • The Manager shall install systems for monitoring the Enterprise (the “Internal Control Systems”) prior to the Commencement Date as required by 25 C.F.R. §542.3 of the NIGC Minimum Internal Control Standards (“MICS”) after review and approval by the Board.

  • Seller will also comply with all applicable regulations, standards, policies and procedures, and requirements of the Viejas Band of Kumeyaay Indians, a federally recognized Sovereign Indian tribe, its Enterprises, including but not limited to, safety requirements; security requirements; Tribal Government Gaming Commission licensing, Minimum Internal Control Standards and regulations; Tribal Gaming Compact requirements; and applicable insurance and bonding requirements.

  • The State may refuse to agree to an increase in the maximum wager limit if there have been any significant problems with the increase in the maximum wager limit if there have been any significant problems with the conduct of the new game due to noncompliance with the Tribal/State Minimum Internal Control Standards, the rules of operation of the game or with the terms of this subsection.

  • Manager shall establish and maintain satisfactory accounting systems and procedures which comply with all applicable Legal Requirements, including NIGC regulations establishing Minimum Internal Control Standards for internal audit for Tier C gaming operations.

  • The provisions of the Appendix, "Tribal/State Minimum Internal Control Standards," are hereby incorporated into and made a part of this Compact.

  • The Tribe agrees to follow the model Minimum Internal Control Standards used by the National Indian Gaming Commission unless the parties agree in writing to a simpler standard that will protect the fairness and integrity of the particular game or activity.

Related to Minimum Internal Control Standards

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Service Level Standards has the meaning ascribed thereto in Section 2.1 hereof.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Internal control means the systems of control devised by management to ensure that the council’s objectives and management policies are achieved and adhered to in a manner that promotes the economy, efficiency and effectiveness on the use of resources, that financial and other records are reliable and complete and that the councils assets and interests are safeguarded;