{"data":{"id":"us-ny/n.y.-assembly-rules-rule-7-1","jurisdiction":"us-ny","citation":"N.Y. Assembly Rules Rule 7, § 1","heading":"Internal Controls","body":"Section 1.  Internal  Controls.  Pursuant  to  Article  six  of  the\nLegislative  Law  as  enacted  by  the  New  York   State   Governmental\nAccountability,  Audit  and  Internal Control Act of 1999, the following\nguidelines for a System of Internal Controls are hereby established.\n  a. All financial transactions shall be executed in accordance with the\ngeneral  or  specific  authorization  of  the  Speaker  or  his  or  her\ndesignated representative.\n  b.  All  financial  transactions  shall be recorded in conformity with\ngenerally accepted accounting principles or other applicable criteria in\na manner to maintain accountability for assets.\n  c. Access to assets shall be permitted only  in  accordance  with  the\nauthorization of the Speaker or his or her designated representative.\n  d.  The  recorded accountability for assets shall be compared with the\nexisting assets at reasonable intervals and appropriate action shall  be\ntaken with respect to any differences.\n  e.  The System of Internal Controls shall provide reasonable assurance\nthat the foregoing are accomplished.","path":["Assembly Rules","Rule 7. Guidelines For a System of Internal Controls"],"source_url":"https://legislation.nysenate.gov/api/3/laws/CMA/R7S1","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"e62f5dbac0967f433a36e7af3c2cde65bc36599add3fcecf8887f8979b12dea6","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-assembly-rules-rule-6-4","next":"us-ny/n.y.-assembly-rules-rule-7-2"},"notice":"GroundRules: Original legal text. Not legal advice."}