§ 24-17-102 — Control system to be maintained

(1) Each principal department
of the executive department of the state government listed in section 24-1-110 shall
institute and maintain systems of internal accounting and administrative control
within said department, which shall be applicable to all agencies within said
department and which shall provide for:

(a) A plan of organization that specifies such segregation of duties as may be
necessary to assure the proper safeguarding of state assets;

(b) Restrictions permitting access to state assets only by authorized persons
in the performance of their assigned duties;

(c) Adequate authorization and record-keeping procedures to provide
effective accounting control over state assets, liabilities, revenues, and
expenditures;

(d) Personnel of quality and integrity commensurate with their assigned
responsibilities;

(e) An effective process of internal review and adjustment for changes in
conditions.

Legislative History

Source: L. 88: Entire article added, p. 897, � 1, effective July 1.