§ 23-115-212. Duties and responsibilities of internal auditor

(a) The internal auditor employed by the Office of the Arkansas Lottery shall report directly to the Secretary of the Department of Finance and Administration.

(b) The secretary shall determine the duties and responsibilities of the internal auditor that:

1. (1) Assist the office in the office’s obligations under § 23-115-206; and

2. (2) Are consistent with the suggested standards for the professional practice of internal auditing as adopted by the Institute of Internal Auditors, including without limitation:

   1. (A) Preparing a formal written three-year audit plan and presenting it to the secretary for the secretary’s approval;

   2. (B) Conducting ongoing reviews of the internal procedures, records, and operating procedures of the office and the lotteries to:

      1. (i) Verify compliance with established policies, procedures, and control systems;

      2. (ii) Assure compliance with regulatory and statutory conditions; and

      3. (iii) Assure adherence to generally accepted accounting principles; and

   3. (C) Advising the secretary of inconsistencies within or improvements needed to the internal controls, operating procedures, or accounting procedures of the office or the lotteries.

(c)

1. (1) The internal auditor shall report to the Legislative Council one (1) time per month to:

   1. (A) Advise the Legislative Council concerning current issues and problems reported to the secretary under subsection (b) of this section; and

   2. (B) Update the Legislative Council concerning the resolution of any audit findings of Arkansas Legislative Audit.

2. (2) The internal auditor is not required to file a report but shall include a statement in the monthly report of the office if:

   1. (A) There are no current issues or problems reported to the office; and

   2. (B) The office and Arkansas Legislative Audit agree that all audit findings are resolved.