(1) Each principal department of the executive department of the state government listed in section 24-1-110 shall institute and maintain systems of internal accounting and administrative control within said department, which shall be applicable to all agencies within said department and which shall provide for:
A plan of organization that specifies such segregation of duties as may be necessaryto assure the proper safeguarding of state assets;
Restrictions permitting access to state assets only by authorized persons in the performance of their assigned duties;
Adequate authorization and record-keeping procedures to provide effective accounting control over state assets, liabilities, revenues, and expenditures;
Personnel of quality and integrity commensurate with their assigned responsibilities;(e) An effective process of internal review and adjustment for changes in conditions.
Source: L. 88: Entire article added, p. 897, § 1, effective July 1.