§ 143D-1 – Title.

143D-1. Title. This Chapter shall be known and may be cited as the "State Governmental Accountability and Internal Control Act." (2007-520, s. 1.)

§ 143D-2 – Purpose.

143D-2. Purpose. The purpose of this Chapter is to ensure a strong and effective system of internal control within State government and to clearly indicate responsibilities related to that system of internal control. Therefore, it is the intent of the General Assembly in this Chapter to clearly establish responsibilities related to internal control within State […]

§ 143D-3 – Definitions.

143D-3. Definitions. The following definitions apply in this Chapter: (1) Internal control. – An integral process, effected by an entity’s governing body, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives related to the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. […]