At least 60 days before video lottery terminal operations are set to commence, a facility operator shall submit to the Commission for review and approval internal audit department operating standards and procedures that: Meet the requirements of Regulation .10E(6)(b) of this chapter; Conform to this regulation; and Ensure that an internal audit is conducted in accordance with generally accepted auditing standards in the United States. A facility operator's internal audit department operating procedures and standards shall, at a minimum, require the internal audit department to: Work independently of the departments of the facility that are subject to audit; Assess whether the facility's internal controls comply with applicable law and Commission directives; Test the facility's compliance with its internal controls; Immediately report a deficiency in, or noncompliance with, the facility's internal controls to: The audit committee; The chief executive officer; Management; and The Commission; Recommend resolution for eliminating a deficiency in, or noncompliance with, the facilitys internal control system; Meet periodically with the audit committee or director of internal audit; Perform audits of: Unless an alternate risk assessment and audit plan is submitted in writing and approved in writing by the Commission, all departments of the facility that are designated under §§C and D of this regulation; and A department of the facility designated by the Commission; Prepare an audit report for each audit conducted; Accurately document the audit process and results in an audit report that, at a minimum, shall include: Audit objectives; Audit procedures and scope; Findings and conclusions; A recommendation for addressing a deficiency in, or noncompliance with, the facility's internal controls; Resolution of all exceptions; and Management's response; Submit audit reports to the Commission on a schedule specified by the Commission; and Verify that: A deficiency or noncompliance revealed during an audit has been corrected; and An exception disclosed during an audit has been resolved. The audit department shall audit at least semiannually the functions and operations of the facility's: Cashiers' cage; Main bank; Collection of cash storage boxes; Cash count; Revenue audit; Operations department; Key control; and Table game operations. The audit department shall audit at least annually: Responsible gaming program; Security department; Currency transaction reporting; Suspicious activity reporting; Information technology controls; Surveillance department; and Player tracking system. The internal audit department shall conduct an audit on an unannounced basis when possible.