N.Y. Assembly Rules Rule 7, § 1: Internal Controls

Section 1. Internal Controls. Pursuant to Article six of the

Legislative Law as enacted by the New York State Governmental

Accountability, Audit and Internal Control Act of 1999, the following

guidelines for a System of Internal Controls are hereby established.

a. All financial transactions shall be executed in accordance with the

general or specific authorization of the Speaker or his or her

designated representative.

b. All financial transactions shall be recorded in conformity with

generally accepted accounting principles or other applicable criteria in

a manner to maintain accountability for assets.

c. Access to assets shall be permitted only in accordance with the

authorization of the Speaker or his or her designated representative.

d. The recorded accountability for assets shall be compared with the

existing assets at reasonable intervals and appropriate action shall be

taken with respect to any differences.

e. The System of Internal Controls shall provide reasonable assurance

that the foregoing are accomplished.