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National Gambling Act, 1996 (Act No. 33 of 1996)

Regulations on Limited Payout Machines

Chapter 2

34. Internal audit function

 

 

A route operator must establish and maintain an internal audit function which shall provide, without limitation, for the following:

a) the review and evaluation of the adequacy of internal controls;
b) monitoring the compliance with the minimum internal control standards and other provisions in terms of national and provincial legislation
c) the reporting to the board of directors or committee thereof, or management and the provincial licensing authority of instances of non-compliance with these minimum internal control standards or any national or provincial legislation;
d) the reporting to the board of directors or committee thereof, or management and the provincial licensing authority of any material weaknesses or shortcomings in the system of internal control;
e) The recommendation to management of procedures to eliminate any material weaknesses or shortcomings in the system of internal control; and
f) The preparation and maintenance of reports documenting the information referred to in subregulations (a) to (e).

 


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