§ 900.54. Should the property management system prescribe internal controls?
62 words·~1 min read·
/us/cfr/t25/s§ 900.54·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.