Financial Practices — Audits of Licensees — Post-Employment Restrictions

  1. Law
  2. Tennessee Code
  3. State Government
  4. Tennessee Education Lottery Implementation Law
  5. Tennessee Sports Gaming Act
  6. Financial Practices — Audits of Licensees — Post-Employment Restrictions

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The board shall prescribe by rule:

  1. Minimum requirements by which each licensee must exercise effective control over its internal fiscal affairs, including, without limitation, requirements for:
    1. Safeguarding assets and revenues, including evidence of indebtedness;
    2. Maintenance of reliable records relating to accounts, transactions, profits and losses, operations, and events; and
    3. Global risk management;
  2. Requirements for internal and independent audits of licensees;
  3. The manner in which periodic financial reports must be submitted to the board from each licensee, including the financial information to be included in the reports;
  4. The type of information deemed to be confidential financial or proprietary information that is not subject to any reporting requirements under this part;
  5. Policies, procedures, and processes designed to mitigate the risk of cheating and money laundering; and
  6. Any post-employment restrictions necessary to maintain the integrity of sports wagering in this state.


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