§ 900.54 - Should the property management system prescribe internal controls?  


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  • § 900.54 Should the property management system prescribe internal controls?

    Yes. Effective internal controls should include procedures:

    (a) For the conduct of periodic inventories;

    (b) To prevent loss or damage to property; and

    (c) To ensure that property is used for an Indian tribe or tribal organization's self-determination contract(s) until the property is declared excess to the needs of the contract consistent with the Indian tribe or tribal organization's property management system.