ACC 406 EXAM 1 WITH CORRECT
QUESTIONS AND ANSWERS 2025
Access to credit documentation is restricted. Which of the following is the most restricted
document? - CORRECT-ANSWERSWritten-off credit instruments.
This checklist that includes statutes, regulations, and the Internal Audit testing steps is called
what? - CORRECT-ANSWERSInternal Audit Compliance Checklist
Detailed explanations must be provided for question on each checklist for responses and for
exceptions noted during document testing for what type of responses? - CORRECT-ANSWERSAll
"no" and "N/A" responses.
The MICS checklist can be given to a casino employee for employee completion? - CORRECT-
ANSWERSFalse
Regulation 6.090(15) requires an Internal Auditor to determine compliance with - CORRECT-
ANSWERSAll of the above
,The Gaming Control Board has 5 members? - CORRECT-ANSWERSFalse it has 3 members
If Internal Audit is used to substitute for CPA work there are no items the CPA is required to be
perform. - CORRECT-ANSWERSFalse
Which of the following is NOT a purpose of the Gaming Control Board? - CORRECT-ANSWERSTo
approve, restrict, limit, condition, deny, revoke, or suspend any gaming license.
When discipline against a gaming licensee is appropriate the Board acts in the judicial capacity
and the Commission acts in the prosecutorial capacity. - CORRECT-ANSWERSFalse
Board - prosecutorial
Commission – judicial
The Gaming Commission has 5 members? - CORRECT-ANSWERSTrue
When performing an observation of a required gaming activity (ex. drop and count) the
observation should be performed how? - CORRECT-ANSWERSOn an unannounced basis to all
employees. (officers, directors, or employees)
,What is the purpose of the gaming control board? - CORRECT-ANSWERS- Eliminate the
undesirable elements in Nevada gaming
- Provide regulations for licensing
- Provide regulations for the operation of gaming
- Establish rules and regulations for all tax reports submitted by the gaming licensees
- Protect the stability of the gaming industry through investigations, licensing, and enforcement
of laws and regulations
- To ensure the collection of gaming taxes and fees
- To maintain public confidence in gaming
What are the division of the Gaming Control Board? - CORRECT-ANSWERSAdministration
Audit
Enforcement
Investigations
Tax and license
Technology
, What is the purposes of the Gaming Commission? - CORRECT-ANSWERS- Acting on
recommendations of the Board in licensing matters
- Ruling upon work permit case appeals
- Has the final authority on licensing matters
- Ability to approve, restrict, limit, condition, deny, revoke, or suspend any gaming license
- Adopting regulations to implement and enforce the state laws governing gaming
What does the Internal Audit Compliance Checklist audit? - CORRECT-ANSWERSStatutes and
Regulations
What does the CPA MICS Checklist audit? - CORRECT-ANSWERSMICS
Why did the GCB set up an Internal Audit Compliance Reporting Requirement? - CORRECT-
ANSWERSTo ensure all gaming licencees are performing a minimum amount and similar types
of compliance procedures with internal audit programs, checklists, and guidelines.
What checklist does the IACC used with? - CORRECT-ANSWERSIn conjunction with the CPA
MICS Compliance Checklists
QUESTIONS AND ANSWERS 2025
Access to credit documentation is restricted. Which of the following is the most restricted
document? - CORRECT-ANSWERSWritten-off credit instruments.
This checklist that includes statutes, regulations, and the Internal Audit testing steps is called
what? - CORRECT-ANSWERSInternal Audit Compliance Checklist
Detailed explanations must be provided for question on each checklist for responses and for
exceptions noted during document testing for what type of responses? - CORRECT-ANSWERSAll
"no" and "N/A" responses.
The MICS checklist can be given to a casino employee for employee completion? - CORRECT-
ANSWERSFalse
Regulation 6.090(15) requires an Internal Auditor to determine compliance with - CORRECT-
ANSWERSAll of the above
,The Gaming Control Board has 5 members? - CORRECT-ANSWERSFalse it has 3 members
If Internal Audit is used to substitute for CPA work there are no items the CPA is required to be
perform. - CORRECT-ANSWERSFalse
Which of the following is NOT a purpose of the Gaming Control Board? - CORRECT-ANSWERSTo
approve, restrict, limit, condition, deny, revoke, or suspend any gaming license.
When discipline against a gaming licensee is appropriate the Board acts in the judicial capacity
and the Commission acts in the prosecutorial capacity. - CORRECT-ANSWERSFalse
Board - prosecutorial
Commission – judicial
The Gaming Commission has 5 members? - CORRECT-ANSWERSTrue
When performing an observation of a required gaming activity (ex. drop and count) the
observation should be performed how? - CORRECT-ANSWERSOn an unannounced basis to all
employees. (officers, directors, or employees)
,What is the purpose of the gaming control board? - CORRECT-ANSWERS- Eliminate the
undesirable elements in Nevada gaming
- Provide regulations for licensing
- Provide regulations for the operation of gaming
- Establish rules and regulations for all tax reports submitted by the gaming licensees
- Protect the stability of the gaming industry through investigations, licensing, and enforcement
of laws and regulations
- To ensure the collection of gaming taxes and fees
- To maintain public confidence in gaming
What are the division of the Gaming Control Board? - CORRECT-ANSWERSAdministration
Audit
Enforcement
Investigations
Tax and license
Technology
, What is the purposes of the Gaming Commission? - CORRECT-ANSWERS- Acting on
recommendations of the Board in licensing matters
- Ruling upon work permit case appeals
- Has the final authority on licensing matters
- Ability to approve, restrict, limit, condition, deny, revoke, or suspend any gaming license
- Adopting regulations to implement and enforce the state laws governing gaming
What does the Internal Audit Compliance Checklist audit? - CORRECT-ANSWERSStatutes and
Regulations
What does the CPA MICS Checklist audit? - CORRECT-ANSWERSMICS
Why did the GCB set up an Internal Audit Compliance Reporting Requirement? - CORRECT-
ANSWERSTo ensure all gaming licencees are performing a minimum amount and similar types
of compliance procedures with internal audit programs, checklists, and guidelines.
What checklist does the IACC used with? - CORRECT-ANSWERSIn conjunction with the CPA
MICS Compliance Checklists
