ACC 406 ACTUAL EXAM SCRIPT 2026
COMPLETE QUESTIONS AND ANSWERS
⫸ This checklist that includes statutes, regulations, and the Internal
Audit testing steps is called what? Answer: Internal 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? Answer: All "no" and "N/A"
responses.
⫸ The MICS checklist can be given to a casino employee for
employee completion? Answer: False
⫸ Regulation 6.090(15) requires an Internal Auditor to determine
compliance with Answer: All of the above
⫸ The Gaming Control Board has 5 members? Answer: False 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. Answer: False
,⫸ Which of the following is NOT a purpose of the Gaming Control
Board? Answer: To 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. Answer: False
Board - prosecutorial
Commission - judicial
⫸ The Gaming Commission has 5 members? Answer: True
⫸ When performing an observation of a required gaming activity (ex.
drop and count) the observation should be performed how? Answer:
On an unannounced basis to all employees. (officers, directors, or
employees)
⫸ What is the purpose of the gaming control board? Answer: -
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? Answer:
Administration
Audit
Enforcement
Investigations
Tax and license
Technology
⫸ What is the purposes of the Gaming Commission? Answer: -
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? Answer:
Statutes and Regulations
⫸ What does the CPA MICS Checklist audit? Answer: MICS
, ⫸ Why did the GCB set up an Internal Audit Compliance Reporting
Requirement? Answer: To 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? Answer: In conjunction
with the CPA MICS Compliance Checklists
⫸ What areas do the IACC cover? Answer: All gaming revenue
areas, areas subject to entertainment tax, interactive gaming, and
miscellaneous regulations.
⫸ What procedures does Regulation 6.090(15) require for internal
auditors to check compliance? Answer: Perform observations,
document examinations, inquiry with employees.
⫸ Can employee complete questionnaires be used to replace an in
person inquiry? Answer: No
⫸ How often are required procedures checked? Answer: Once each
fiscal year except for slots and table games which is twice a year and
branch offices which are once every two or five years.
⫸ Observations of drop and count must be? Answer: Unannounced to
all employees
COMPLETE QUESTIONS AND ANSWERS
⫸ This checklist that includes statutes, regulations, and the Internal
Audit testing steps is called what? Answer: Internal 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? Answer: All "no" and "N/A"
responses.
⫸ The MICS checklist can be given to a casino employee for
employee completion? Answer: False
⫸ Regulation 6.090(15) requires an Internal Auditor to determine
compliance with Answer: All of the above
⫸ The Gaming Control Board has 5 members? Answer: False 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. Answer: False
,⫸ Which of the following is NOT a purpose of the Gaming Control
Board? Answer: To 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. Answer: False
Board - prosecutorial
Commission - judicial
⫸ The Gaming Commission has 5 members? Answer: True
⫸ When performing an observation of a required gaming activity (ex.
drop and count) the observation should be performed how? Answer:
On an unannounced basis to all employees. (officers, directors, or
employees)
⫸ What is the purpose of the gaming control board? Answer: -
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? Answer:
Administration
Audit
Enforcement
Investigations
Tax and license
Technology
⫸ What is the purposes of the Gaming Commission? Answer: -
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? Answer:
Statutes and Regulations
⫸ What does the CPA MICS Checklist audit? Answer: MICS
, ⫸ Why did the GCB set up an Internal Audit Compliance Reporting
Requirement? Answer: To 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? Answer: In conjunction
with the CPA MICS Compliance Checklists
⫸ What areas do the IACC cover? Answer: All gaming revenue
areas, areas subject to entertainment tax, interactive gaming, and
miscellaneous regulations.
⫸ What procedures does Regulation 6.090(15) require for internal
auditors to check compliance? Answer: Perform observations,
document examinations, inquiry with employees.
⫸ Can employee complete questionnaires be used to replace an in
person inquiry? Answer: No
⫸ How often are required procedures checked? Answer: Once each
fiscal year except for slots and table games which is twice a year and
branch offices which are once every two or five years.
⫸ Observations of drop and count must be? Answer: Unannounced to
all employees
