When
- Casino Audit Guide
- Casino Audit Training
- Casino Revenue Audit Training
- Casino Audit Guidelines
- Aicpa Casino Audit Guide
Campus Location
Office/Remote Location
What makes casino accounting and auditing so complex? Attend this class to find out and improve your understanding of this highly regulated industry. From monitoring casino transactions, recording financial activity to reporting suspicious activity, tribal gaming operations face a myriad of challenges. Join our expert and learn to navigate through the complex regulations as well as accounting and auditing. The following is a list of the volumes of the Auditing and Accounting Guide series published by the American Institute of Certified Public Accountants (AICPA). The list was compiled using the resources of the University of Mississippi library. The list also includes titles from the earlier series: AICPA Accounting Guides and AICPA Industry Audit Guides.
Description
Casino Auditing for Gaming Regulators
The objective of this 3-day course is to provide attendees with an in-depth understanding of the complexities of auditing casinos from a regulatory perspective. Attendees will also learn the process of developing effective internal control standards using a risk-based approach.
Day One:
- Planning a Casino Regulatory Audit. Attendees will learn effective aspects of effectively planning an audit, assess key risk factors, and development of audit programs.
- Analyzing Casino Financial Statements. This session examines the types of financial information typically developed in the casino environment, key components of financial information, and analytical tools for analyzing financial information.
- Casino Internal Control Standards. Attendees will learn how to use a risk-based approach for developing and evaluating casino internal control standards, assessing mitigating controls and consideration of cost-benefit factors.
Day Two:
- Internal Audit Function. This session analyzes the casino internal audit function, including assessing independence, evaluating the effectiveness of internal audit and using internal audit results in determining the scope of a regulatory audit.
- Casino Management Systems. Attendees will learn the fundamentals of a casino management system, ticket-in; ticket-out systems, cage and credit operations, financial reporting systems and risks for fraudulent activity.
Day Three:
- Understanding Table Games Statistics. Attendees will learn about house advantages of various games, techniques used to analyze statistical information and the impacts of credit play and promotional schemes.
- Understanding Slot Machine Statistics. This session discusses the development of theoretical hold percentages, analyzing actual hold percentages and the impacts of progressive payouts, bonus pays and other promotions.
- Cage Operations. Attendees will learn the components of cage operations, including analyzing typical cage documentation.
- Credit Play and Collections. This session provides insights into the extension of casino credit and the collection process, including understanding the pitfalls.
Instructors*
- Dennis Amerine, CPA is a former member of the Nevada Gaming Control Board and chief of the board's audit division. He has assisted numerous governments around the world in the development of internationally accepted regulatory standards and has trained hundreds of regulators on the essentials of regulating the casino gaming industry.
- Lynda Hartzell, CPA; CFE is a former chief of the Nevada Gaming Control Board's audit division. She has served as a consulting manager for a CPA firm, a senior accountant and senior audit manager.
- Rick Hector has over 30 years of experience auditing casinos for the Internal Revenue Service and has provided training for hundreds of gaming regulators around the world.
- Stephanie Maddocks is an expert in casino IT systems. She has assisted numerous casinos in the implementation of casino management systems and the integration of systems within the resort casino environment.
*Instructors are subject to change.
Casino Audit Guide
Price
$1,300.00 - includes all classroom materials and a certificate of completion from the University of Nevada, Las Vegas.
A continental breakfast, lunch and afternoon refreshments each day will also be provided.
Casino Audit Training
Admission Information
To attend, please register.
FAQs
Who can attend this event?
This 'regulatory only' program is available exclusively for gaming regulators and policy makers who work in a commercial, tribal or international gaming jurisdiction. No industry or operator participation. Gaming Control Board and Commission members, or other governmental officials, with regulatory oversight or policy making responsibilities, are also welcome to attend.
What is included in the registration fee?
The fee includes all classroom materials and a certificate of completion from the University of Nevada, Las Vegas. A continental breakfast, lunch and afternoon refreshments each day will also be provided. All other expenses, including airfare, ground transportation, evening meals and incidentals are the responsibility of the participant.
Are there recommended accommodations?
In addition to the large number of hotels located on the Las Vegas Strip, a number of participants choose to stay at hotels that are within walking distance of the Stan Fulton Building:
There are also several hotels within a 5-minute Uber/taxi ride:
Is transportation or parking available?
We encourage participants to arrive either by taxi, Uber or Lyft. However, parking passes can be reserved for a limited number of spaces on the UNLV campus.
What is the attire for the program?
The attire is business casual.
What is the refund policy?
- In the event a course is canceled, registrants will be notified as soon as possible and receive a full refund of their registration fee. The International Center for Gaming Regulation is not responsible for any travel and related expenses or other expenses incurred by any participant due to a course cancellation.
- A service fee of Twenty Percent (20%) will apply to all participant initiated cancellations received three (3) weeks prior to the event.
- A service fee of Fifty Percent (50%) will apply to all participant initiated cancellations received two (2) weeks (14 days or less) prior to the event. In the event you need to cancel, you may substitute another person to attend in your place. However, you will need to inform us in writing no later than two (2) business days prior to the start of the event.
- All cancellations and refund requests must be made in writing. Refunds granted for credit card charges will be credited to the original account charged. No refunds will be given in the event of 'No Shows.' Refunds may take up to 4 weeks for processing.
What makes casino accounting and auditing so complex? Attend this class to find out and improve your understanding of this highly regulated industry. From monitoring casino transactions, recording financial activity to reporting suspicious activity, tribal gaming operations face a myriad of challenges. Join our expert and learn to navigate through the complex regulations as well as accounting and auditing. The following is a list of the volumes of the Auditing and Accounting Guide series published by the American Institute of Certified Public Accountants (AICPA). The list was compiled using the resources of the University of Mississippi library. The list also includes titles from the earlier series: AICPA Accounting Guides and AICPA Industry Audit Guides.
Description
Casino Auditing for Gaming Regulators
The objective of this 3-day course is to provide attendees with an in-depth understanding of the complexities of auditing casinos from a regulatory perspective. Attendees will also learn the process of developing effective internal control standards using a risk-based approach.
Day One:
- Planning a Casino Regulatory Audit. Attendees will learn effective aspects of effectively planning an audit, assess key risk factors, and development of audit programs.
- Analyzing Casino Financial Statements. This session examines the types of financial information typically developed in the casino environment, key components of financial information, and analytical tools for analyzing financial information.
- Casino Internal Control Standards. Attendees will learn how to use a risk-based approach for developing and evaluating casino internal control standards, assessing mitigating controls and consideration of cost-benefit factors.
Day Two:
- Internal Audit Function. This session analyzes the casino internal audit function, including assessing independence, evaluating the effectiveness of internal audit and using internal audit results in determining the scope of a regulatory audit.
- Casino Management Systems. Attendees will learn the fundamentals of a casino management system, ticket-in; ticket-out systems, cage and credit operations, financial reporting systems and risks for fraudulent activity.
Day Three:
- Understanding Table Games Statistics. Attendees will learn about house advantages of various games, techniques used to analyze statistical information and the impacts of credit play and promotional schemes.
- Understanding Slot Machine Statistics. This session discusses the development of theoretical hold percentages, analyzing actual hold percentages and the impacts of progressive payouts, bonus pays and other promotions.
- Cage Operations. Attendees will learn the components of cage operations, including analyzing typical cage documentation.
- Credit Play and Collections. This session provides insights into the extension of casino credit and the collection process, including understanding the pitfalls.
Instructors*
- Dennis Amerine, CPA is a former member of the Nevada Gaming Control Board and chief of the board's audit division. He has assisted numerous governments around the world in the development of internationally accepted regulatory standards and has trained hundreds of regulators on the essentials of regulating the casino gaming industry.
- Lynda Hartzell, CPA; CFE is a former chief of the Nevada Gaming Control Board's audit division. She has served as a consulting manager for a CPA firm, a senior accountant and senior audit manager.
- Rick Hector has over 30 years of experience auditing casinos for the Internal Revenue Service and has provided training for hundreds of gaming regulators around the world.
- Stephanie Maddocks is an expert in casino IT systems. She has assisted numerous casinos in the implementation of casino management systems and the integration of systems within the resort casino environment.
*Instructors are subject to change.
Casino Audit Guide
Price
$1,300.00 - includes all classroom materials and a certificate of completion from the University of Nevada, Las Vegas.
A continental breakfast, lunch and afternoon refreshments each day will also be provided.
Casino Audit Training
Admission Information
To attend, please register.
FAQs
Who can attend this event?
This 'regulatory only' program is available exclusively for gaming regulators and policy makers who work in a commercial, tribal or international gaming jurisdiction. No industry or operator participation. Gaming Control Board and Commission members, or other governmental officials, with regulatory oversight or policy making responsibilities, are also welcome to attend.
What is included in the registration fee?
The fee includes all classroom materials and a certificate of completion from the University of Nevada, Las Vegas. A continental breakfast, lunch and afternoon refreshments each day will also be provided. All other expenses, including airfare, ground transportation, evening meals and incidentals are the responsibility of the participant.
Are there recommended accommodations?
In addition to the large number of hotels located on the Las Vegas Strip, a number of participants choose to stay at hotels that are within walking distance of the Stan Fulton Building:
There are also several hotels within a 5-minute Uber/taxi ride:
Is transportation or parking available?
We encourage participants to arrive either by taxi, Uber or Lyft. However, parking passes can be reserved for a limited number of spaces on the UNLV campus.
What is the attire for the program?
The attire is business casual.
What is the refund policy?
- In the event a course is canceled, registrants will be notified as soon as possible and receive a full refund of their registration fee. The International Center for Gaming Regulation is not responsible for any travel and related expenses or other expenses incurred by any participant due to a course cancellation.
- A service fee of Twenty Percent (20%) will apply to all participant initiated cancellations received three (3) weeks prior to the event.
- A service fee of Fifty Percent (50%) will apply to all participant initiated cancellations received two (2) weeks (14 days or less) prior to the event. In the event you need to cancel, you may substitute another person to attend in your place. However, you will need to inform us in writing no later than two (2) business days prior to the start of the event.
- All cancellations and refund requests must be made in writing. Refunds granted for credit card charges will be credited to the original account charged. No refunds will be given in the event of 'No Shows.' Refunds may take up to 4 weeks for processing.
Where can I contact the organizer with any questions?
For additional questions, please contact Robert Horgan, operations director, International Center for Gaming Regulation: robert.horgan@unlv.edu or 702-895-2445
External Sponsor
Casino Revenue Audit Training
The International Center for Gaming Regulation is one of three research centers within the International Gaming Institute, on the campus of the University of Nevada, Las Vegas. The Center's mission is to promote research and learning in the areas of gaming regulation in jurisdictions around the world.
Filters
Gambling In America
If you've ever won a jackpot in Las Vegas, you probably know that your excitement diminishes at least a little when the casino throws a W-2G tax form in your face. In fact, if you don't provide your social security number, the casino will automatically withhold up to 30% of your winnings. The same goes for lottery and horse racing wins above $1200. Yet when playing online, paying taxes isn't always so black and white.
Americans who play at US-based online casinos will usually have to deal with withholding taxes just like in Las Vegas. Yet that only represents a small fraction of your entertainment options. When playing at licensed offshore online casinos or poker rooms, American players usually won't hear the words taxes mentioned at all.
Sadly, it is never safe to assume that your winnings are ultimately tax-free. It is true that Americans who play at internet gambling sites outside of the USA won't be subject to withholding taxes when withdrawing their winnings. Yet you may be required to report these gains when you file your taxes in April. The greatest determinant is the number, size, and frequency of your wins. The actual threshold varies from state to state and whether or not you are an amateur or professional. For more information on reportable gambling winnings visit the IRS guide: https://www.irs.gov/instructions/iw2g/ar02.html
Professional Gamblers
Whether or not you qualify as a professional gambler doesn't solely depend on your performance at the tables. Casino hotel washington. The main litmus test is the expectation and probability of profit in the eyes of the Internal Revenue Service. Your success and whether or not you have a regular job on top of gambling may also be factors.
With even amateur gamblers having to deal with taxes, professional gambling does have benefits. You can actually deduct your wins from your losses when your treat your gameplay as a business. No matter what your current status is and how often you play, it's best to keep tabs on your performance to develop strategies, stick to a budget, and simply know where you stand. You can find this tip sheet courtesy of the IRS: https://www.irs.gov/taxtopics/tc419.html
Whether or not the IRS can actually track your winnings is another matter entirely. Yet you should be aware of your obligations. With a huge budget deficit and ballooning debt, the federal government is looking to fill their financial holes any way they can. Between the NSA and modern forensic accounting practices, covering your digital tracks is more difficult than it used to be.
Casino Audit Guidelines
Tax Obligations Outside Of The USA
The United States is a bit of an outlier when it comes to taxing gambling winnings. In the United Kingdom, the government taxes the gross profits of casino operators rather than players. Canadians can play the lottery, live casinos, poker and online games without paying taxes unless they are a professional. Likewise, Australians and New Zealanders can also gamble tax-free. To put things in perspective, Americans do pay some of the lowest personal income taxes in the first world. Things tend to even out in the end.
Like anything else, interpreting the rules is always a matter of debate. Here's an interesting tax perspective for Canadians: http://business.financialpost.com/personal-finance/tax-expert-a-gamble-over-poker-winnings
Things To Consider
Aicpa Casino Audit Guide
Keep in mind that Americans have to deal with both Federal and State taxes on most forms of income. Always keep basic records no matter how often you play or win. This will make things easier during tax season.
Accountants Have The Answers
No matter where you live, it's always best to discuss your personal situation with a licensed tax professional in your area. You can usually get a short consultation for free with complete confidentiality. It's the best way to play by the rules while minimizing your tax burden.
