Does your casino have both a compliance department and an internal audit department? If so, what are the general responsibilities of each department - do they work together? I'm trying to understand the roles and responsibilities of a casino compliance department.
I have been in the Internal Audit Department for several casinos. Casino Compliance generally reviews, writes and submits Internal Control Submissions to the gaming control board. They are the group that reviews the Currency Transaction Reports before they are filed with the feds. They also perform various gaming reviews for Minimum Control Standards when an independent source from Casino Operations is needed to perform a compliance regulation.
Internal Audit reviews the minimum internal control standards and reviews compliance department and casino operations for compliance with minimum internal control standards. Usually, Internal Audit is required to report any audit findings to the external auditors and Gaming Control Board of the state.
Although, I have seen some Internal Audit departments do some of the compliance duties. I would not suggest that for the independence that is needed to perform internal audit duties.
I hope this helps clarify the basic duties of both. If you have specific questions, please ask. I know someone out there can help you.
I am IA and work for the Gaming Commission. On paper, I am a department but I share an office with the RCO and we often have our bouts. Your compliance department should be the ones developing and monitoring compliance of the gaming operation. The IA department should be helping the compliance department in the discharge of their responsibilities by performing and reporting on audits.
I find myself often walking a high wire in that I have the most knowledge and experience in our work environment. I am often counsel to the commission on what to do.
I think that as long as you have a safe environment to perform your audits, freedom to report your findings, and the mentality, integrity, and honesty to perform independently, then I would not worry about the closeness of the two departments.