Regulation .04 Review of Internal Controls.
Regulation .04 Review of Internal Controls.LinkCopy Citation
A.
A facility operator shall submit its internal controls to the Commission for review and written approval.
B.
If the Commission determines that a submitted internal control is deficient, the:
(1)
Commission shall provide the facility operator with written notice of the deficiency; and
(2)
Facility operator shall revise the internal control as appropriate and resubmit it to the Commission for review.
C.
A facility operator’s initial internal controls submission and a change or amendment to its approved internal controls shall be reviewed and approved in accordance with a process and time frame developed and implemented by the Commission.
D.
The process developed by the Commission under §C of this regulation shall, at a minimum, require the facility operator to:
(1)
Submit a redlined copy of any section of the approved internal controls to be changed or amended with added text underlined and deleted text lined out;
(2)
Document on the redlined copy the date the Commission approved the section to be changed or amended and the date the revision was submitted to the Commission for review;
(3)
Submit a narrative explaining the reason for the change or amendment which includes the facility operator’s target date for implementation;
(4)
Maintain a log of all changes or amendments in approved internal controls which includes the initial approval date and the effective date of any change or amendment approved by the Commission; and
(5)
Mark each page of approved internal controls with the date on which it was approved by the Commission.